Zcash price at opening bell


#1

Anyone have any guesses at what the price will be or should be?


#2

Probably will be overpriced, the project has been hyped for years.


#3

And yet, here you are.


#4

Well I think we all agree we are here to mine some money out of thin air at the very beginning, and then wait a few years while our thin air becomes millions of bucks.


#5

It might seem like that if someone else pays for your internet access, eletricity and computer(s). Speaking for myself, I've already spent quite a few hundred dollars on more capable hardware so if I manage to mine any zec it won't be money for nothing.

Also, I'm drawn to Zcash for the financial privacy it promises.


#6

true, I've did the same thing (spent quite a few hundred dollars on hardware) and as you said:

it won't be money for nothing


#7

But how do you know what hardware is best for mining? Has the mining algorithm been decided yet?


#8

At this point, the mining algorithm will be Equihash.

https://z.cash/blog/why-equihash.html [April 15]
https://z.cash/blog/new-alpha-release-equihash-and-founders-reward.html [April 13]

I've been doing my own investigation of how well various computers I have at my disposal cope with testnet mining and from that I extrapolate where my money is best spent.