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Topic: [ANN] Zclassic, Zcash Fork No Premine, No 20% Founders Tax - page 196. (Read 339570 times)

sr. member
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legendary
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GQM
newbie
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Ok , with all due respects, that is a wrong affirmation.  Strictly speaking, the miner's profitability is only directed towards what is the most profitable coin to mine right now, at that very specific moment.  One person might believe that another coin might have good future (short term or long term) increase in value, but that is mere speculation, not mining itself.
And one activity does not exclude the other:  For instance, if you strongly believe that ZCL will increase in value ("bull market" as you wrote), but Moneris happens to be more profitable to mine at that very moment, you would be much better to mine Moneris, then immediately sell and buy ZCL with your gains.  You would therefore end up having more ZCL in total than what you would have if you would have been mining ZCL directly, waiting for this larger stash to increase in value.  (And, by doing so, you would also be supporting ZCL's price by buying it.)

IMO it all depends on how liquid the markets are, lots of variables to look at. These websites are used to help make those decisions but it's not and should not be used as a crystal ball Smiley
legendary
Activity: 1134
Merit: 1001
Ok , with all due respects, that is a wrong affirmation.  Strictly speaking, the miner's profitability is only directed towards what is the most profitable coin to mine right now, at that very specific moment.  One person might believe that another coin might have good future (short term or long term) increase in value, but that is mere speculation, not mining itself.
And one activity does not exclude the other:  For instance, if you strongly believe that ZCL will increase in value ("bull market" as you wrote), but Moneris happens to be more profitable to mine at that very moment, you would be much better to mine Moneris, then immediately sell and buy ZCL with your gains.  You would therefore end up having more ZCL in total than what you would have if you would have been mining ZCL directly, waiting for this larger stash to increase in value.  (And, by doing so, you would also be supporting ZCL's price by buying it.)
legendary
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Peaky Blinder
200k sats today.
full member
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Well ZClassic is surely getting some pumps right now, if Poloniex considers putting it up on their exchange, we'll surely see a bigger pump there.

Currently it's the most profitable coin to mine, and getting a good rise in difficulty level too!

How can you tell that it's the most profitable coin to mine? Thanks for the info!

http://whattomine.com/coins
full member
Activity: 168
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Well ZClassic is surely getting some pumps right now, if Poloniex considers putting it up on their exchange, we'll surely see a bigger pump there.

Currently it's the most profitable coin to mine, and getting a good rise in difficulty level too!

How can you tell that it's the most profitable coin to mine? Thanks for the info!
legendary
Activity: 1862
Merit: 1505
Well ZClassic is surely getting some pumps right now, if Poloniex considers putting it up on their exchange, we'll surely see a bigger pump there.

Currently it's the most profitable coin to mine, and getting a good rise in difficulty level too!
sr. member
Activity: 1216
Merit: 333
You lost money in zcash?

Zcash is a business project first and foremost and what makes the strength of the crypto currencies since their existence is the strength of the community. All projects with premin, or with a business operation are criticized by the community. The strength of zclassic is the future community, still nascent today. Look at Gulden, Dash, and others ... The strength of crypto coins and trust for people is the community and the fact that no one is the hand on it .. It's very different for starters -ups like factom, gamecredits, lisk, and others. I speak here only crypto currency, not blockchain projects for other economic sectors!
full member
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ZClassic will be 2 times more expensive than Zcash

What do you base on for that fact? Zclassic is a fork of zcash and it was born after zcash so it can not be more expensive than zcash in the future.
I believe that Zcash will return 100$ in next March, 2017.
legendary
Activity: 1193
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Peaky Blinder
There should be a third fork.

The problem with ZEC is not the founders fee it's the Bitcoin replicated inflation schedule.

A ZEC fork with 20%, gradually declining inflation with/without founders/dev fee would RAPIDLY overtake ZEC.

(ZEC/ZCL is the winner on privacy but the inflation is so high it needs what something like $100 million in new capital this year just to sustain $40. Whereas lower inflation, same tech would skyrocket & maintain on fraction of that demand. Current option ZEC and ZCL mean you have to wait 1-2 years before investing because no way demand can offset inflation.)

It depends of ZEC/ZCL adoption. If ppl start to use it, then there won't be any problem to sustain such supply without affecting the price.
legendary
Activity: 1138
Merit: 1001
There should be a third fork.

The problem with ZEC is not the founders fee it's the Bitcoin replicated inflation schedule.

A ZEC fork with 20%, gradually declining inflation with/without founders/dev fee would RAPIDLY overtake ZEC.

(ZEC/ZCL is the winner on privacy but the inflation is so high it needs what something like $100 million in new capital this year just to sustain $40. Whereas lower inflation, same tech would skyrocket & maintain on fraction of that demand. Current option ZEC and ZCL mean you have to wait 1-2 years before investing because no way demand can offset inflation.)
legendary
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Peaky Blinder
If price consolidates at the current level, it is possible to further increase. But Bitcoin has already made 5% for half a day and it can cancel further growth of ZCL.

ZCL price is fully controled by market maker, so ZCL can growth inspite of btc rise.
full member
Activity: 168
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ZClassic will be 2 times more expensive than Zcash

don't say shit man....

Zclassic has a good future, but Zcash has backup from big business.

Zcash will have plenty of dev workers for the first 4 years with the mining tax, after that its hard to say.  Their situation won't be much different than zcl's currently..

Right! So ZCL will have the benefit of ZEC development of core and dapps 😀

Will ZCL be 2x more expensive than ZEC? Well, how do you measure that - by mkt cap or price?

It is unlikely/improbable that ZCL will ever have mkt cap equal to ZEC because ZEC infrastructure so big comparatively. Could trade at same price though in future
sr. member
Activity: 336
Merit: 250
If price consolidates at the current level, it is possible to further increase. But Bitcoin has already made 5% for half a day and it can cancel further growth of ZCL.
legendary
Activity: 1358
Merit: 1000
ZClassic will be 2 times more expensive than Zcash

don't say shit man....

Zclassic has a good future, but Zcash has backup from big business.

Zcash will have plenty of dev workers for the first 4 years with the mining tax, after that its hard to say.  Their situation won't be much different than zcl's currently..
legendary
Activity: 1358
Merit: 1000

The owner of this pool gives half of the 1% pool fee to the Dev fund (https://zdeveloper.org/wiki:developer_and_contributor_bounties) so its worth supporting.  Also spreading the hash around to avoid over concentration in one pool is good:  https://pool.cryptobroker.io/zcl/index.php?page=statistics&action=pool
member
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ZClassic will be 2 times more expensive than Zcash

don't say shit man....

Zclassic has a good future, but Zcash has backup from big business.
full member
Activity: 205
Merit: 100
ZClassic will be 2 times more expensive than Zcash
legendary
Activity: 2086
Merit: 1001

Now we'll have a reaccumulation at 80-100k, then above 200k, reaccu again and 500k.


I think looks like dygus may have called it, we shall see Smiley but im expecting/hoping another good run up and hopefully in next few days/week to 2-300k!!

Few days of consolidation would be healthy.
It would be but things may happen quicker than we think .  ZCL is still 50X cheaper than ZEC , which is rather rediculous imo!!! Smiley
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