Topic: [ANN] Zclassic, Zcash Fork No Premine, No 20% Founders Tax - page 235. (Read 339751 times)

It is so interesting to investigate those so-called 'No Premine' coins... you always found something... Very surprised that SuprNova is setting up a pool for this. If I remember they are against instamine but this time it seems that he didn't care at all.

Interesting, single miners grabbing many of the early blocks in a short time is what happened in the Zcash launch also.  Here's a good analysis from the Zcash forum:

https://forum.z.cash/t/some-interesting-facts-after-the-launch/4856

https://explorer.zcha.in/accounts/t1KstPVzcNEK4ZeauQ6cogoqxQBMDSiRnGr

"1) First 48 blocks were mined by the same miner t1KstPVzcNEK4ZeauQ6cogoqxQBMDSiRnGr15 in 5 minutes while difficulty was growing from 1 to 1.94, earning him 0.72 ZEC (worth more than 11 000$ at the moment). Block times were around 1-3 seconds. EDIT: The wallet seems to belong to CoinMine.pl pool5.

2) In the next 6 minutes - 114 more blocks were mined (Blocks #49-#163). This time part of this bounty was shared with the second miner: t1K3HfLpbqzoWx1sv7wHAHjjyrPYyzacZUq - don't know what pool/miner it is.
Total of 6.5 ZEC was mined during this time. Difficulty raised to 17, block time still averages 4 seconds.

3) At block #164 the third miner comes in, but it's just a luck - he mined just one block for all time. First pool still mines most of the blocks.

4) After 5 more minutes, around block #200, a new big miner appears - t1SaATQbzURpG1qU3vz9Wfn3pwXoTqFtTq25, and he gets the most piece of the pie from that time.

After around an hour at around block #400 the real competition starts, as the difficulty increases to over 1000, and block times are around 1 minute. More miners come in, but first pool and last big miner still do many blocks.

Let's share more facts found from analyzing the blockchain."


https://explorer.zcha.in/blocks ( sort by height ascending )

nheqminer -l zcl.suprnova.cc:4042 -u Weblogin.Worker -p password


Would be correct, but use version 0.4b

I’ve seen there has been quite a bit of conjecture about who mined the early blocks and some have said the devs may have instamined etc. This is not the case at least for the 251 blocks I mined.

I’ve put this together to refute the FUD, thank the devs and to ensure there is no black mark against the zclassic launch.

I managed to mine 251 blocks starting from block 4 - after closely monitoring the updates being published on the https://github.com/z-classic/zclassic GitHub and the announcement that it was live in this thread.

For those that would like to know - I used a combination of AWS cloud mining and a few local rigs pointed to sammy007’s zcash stratum-proxy directed a single local zclassic daemon node. This allowed me to mine 2,700 sols to a single node from block 4! - Nice work sammy - (contact sammy007 on https://chat.zcashcommunity.com/direct/sammy007 to see about buying his private zcash stratum proxy if your interested)

Here is a signed message using the the private key which I control for and which is the coinbase address for all my mined blocks. See the https://classic.zcha.in/accounts/t1ZiuPPaCuTGAQaqg1mXc9f7fTuschtFb3s


And this is the command I used to create it:


I believe you should be able to verify I own this address / private key by running the command on your local zclassic node


For those that will ask - I’ve sold a little on c-cex to cover my cloud costs and HODLin’ the rest - and I’m still mining now on a pool with my local rigs.

The classics stand the test of time!

(get me on https://zclassic.slack.com as nethyb)

Are you still having trouble?

you got to create a worker ? have you created one ? and changed this  -u Weblogin.Worker -p password -t 4 ?

http://coinmarketcap.com/currencies/zclassic/

listed on coinmarketcap

I Reboot?

I believe it's slightly more profitable than ZEC to mine at the moment.

So, are we looking at instant profit mining ZCL like we are now experiencing mining ZEC? 
I can mine Zec for two days and turn it into a decent amount of BTC.  Or, is it like Pascal coin where
I found four blocks/400 coins and waiting for it to go up? (I'm ok with that, too).

can we get bittrex? it just needs 5BTC and we will have big traction then

++A1

No, it's just a similarity in the name and not in the reason of having the fork. This is just a "fair" version of Zcash witout the dev reward hardcoded in each block...thisis a real cryptocurrency develoepd by the community for teh community as bitcoin was so i think ZCL will have much longer future than zcash.

just my two cents.

I'm not Touching any classic stuff because I lost to much on ETC i guessing this will be the same just asking ? .

Its exactly the same as ZCash people should inform themself before doing this assumptions.

Its on block 2490 out of a total of 1 680 000.

I think you still have plenty of time to get in.

I got this on day 3, and im averaging one coin per day.

12.50 block rewards is exactly the same as Zcash after they are done with their slow start.

I think we should reboot zclassic.  With the same block reward structure (minus founders reward, or have it at 5%).  this one was changed to 12.50 for no good reason other than to mine a lot of coins fast.

edit: or whatever.  whatevs

Can somebody tell me if the ZCL client auto connects to zcash classic nodes or i need to put ZCL nodes in conf file?

Thanks.

I wonder if I should buy now, or wait HARD DECISION. But I'm betting on ZCL, one of the best alt I've seen in a long time