start forking to “fix” things so soon - change the algo - people will loose confidence in ZCash - it will show they didn’t know what they were doing since day 1
ZCash wants to loose investor confidnece like ETH? Change the algo so soon - fork to “fix” things so soon
Somebody must not like a large majority of miners holding onto their ZEC. I mean what other reason would there be to eliminate GPU’s? The only thing they spoke about before was preventing it from being ASIC mined.
This I think would also prevent it from being cellphone APU mined as they have spoken about…
GPU speed is already making it impossible with the parameters that give low enough peak mem to use on phones. Not sure what your solution would be but I’d be happy to hear one.
Who said they were trying to eliminate GPU mining? Would you consider making GPU mining less profitable by evening the playing field eliminating GPU mining?
There are whole professional discussions by the zcash team on this topic.
honestly, if they dont fix the market value, if ZCash keeps declining - it wont matter if its mined with a GPU, CPU or shovel… it will be burried in altcoin history forever. so any arguemnt on what is best for the algo and mining is really useless at thsi stage of the game
the coin is dying. it can hardly walk, its laying in a hospital bed breathing its last breath
they need to create use and attention - a windows wallet would help with that
but sure- go change the algo and dont create an official easy to use windows wallet… burry it
As long as the value is just high enough to prevent a 51% attack (which no value means no interest to pull the attack off anyway) then there will be no such problems. This is really only an issue with new coins that will be valuable but at first the network is vulnerable.
The coin will function whether or not mining farms are making a profit.
Honestly though I think everything about Zcash was intelligently designed, hyped, released, etc. everything. I don’t think that due to a price drop it kills it. It just kills it in an everyday traders mind that they don’t invest too big into it. And by the time they do release some amazing apps and real world uses they will have the vast majority of what’s already mined.
So really us miners work for them with paying 20% just another tax and 2.5% for mining software 1% for pool then exchange has there cut,I wonder why I am not earning lol power companies laughing at me
But I don’t think Zooko ever meant to leveling the playing field with Cellphone mining while charging at night. It was a way for everyone to support the network very easily.
You should look into where the 20% founders fee goes to. No one gets a big slice of the pie. They even have one of the largest portions set aside for a yet to be determined “market increase fund” (not sure of the exact name) for later on in the coins development
I think a lot of us miners are looking for alternatives already which says a lot since zcash is couple months old,this 20% does stick in the throats and as @cryptomined says how stupid could an investor be to keep those amounts in wallets when there is plenty alternatives like hardware wallets,they have done real damage to the markets
yup
alternative = monero
and with rCT coming in January
with monero-core GUI wallet (without need to run a node) in the works
monero is only going to the moon baby! Up Up Up Up UP!
unlike ZCash which is funded
Monero does have its own GUI wallet… its own. . not third party
that tells you a lot
when fluffy pony can work part time on Monero and do more than a funded full time team?
come on! TO THE MOON!ero