[ANN] Zcoin (XZC) - Implementing ZKP privacy without trusted setup - page 301.

ether19

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Activity: 532

Merit: 250

BTC. ETC. EOS

Quote from: gawlea on December 02, 2016, 11:58:57 PM

Hello all, i'm new to mining, i want to ask you something. If I want to mine with the built in wallet miner I must wait the wallet to get sync or I can start right now?

Yes, I think you will have to wait for the wallet to get Synced to the network and wait until the entire blockchain is downloaded. Only then you account address will shown the balance amount and you should be able to mine with the built in miner.

nonny12

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Activity: 362

Merit: 250

Quote from: gawlea on December 02, 2016, 11:58:57 PM

Hello all, i'm new to mining, i want to ask you something. If I want to mine with the built in wallet miner I must wait the wallet to get sync or I can start right now?

You need to wait for the wallet to sync. Also, unless you have a large amount of hash power, it's suggested to use mining pools instead.

gawlea

hero member

Activity: 756

Merit: 579

Hello all, i'm new to mining, i want to ask you something. If I want to mine with the built in wallet miner I must wait the wallet to get sync or I can start right now?

adhitthana

legendary

Activity: 1190

Merit: 1000

Quote from: ?? on ??

Why Zcoin could be the trade of the year.

Newcomers to Zcoin wondering what the fuss is about, please check out this article:
https://cryptoblogposts.wordpress.com/2016/12/01/why-zcoin-could-be-the-trade-of-the-year/

Nice blog you have.
I agree with everything you wrote there Zcoin does look cheap compared to other anon coins and the devs look competent.

But there is one huge problem I see. Zeroknowledge coins require a "trusted set up". We need to be absolutely sure we can trust whoever set it up.
But the developers wont even tell us the truth about the "bounties"

q835197677

full member

Activity: 189

Merit: 101

Miners are not wrong, and the price decline is expected

adhitthana

legendary

Activity: 1190

Merit: 1000

Quote from: jwinterm on December 02, 2016, 11:23:40 AM

Is the 20% dev tax activated now?

yes

Quote

Are the addresses where those funds go public (without looking into the source code)? Devs hodling or dumping with miners?

I don't know, but something very suspicious occurred early on. Some coins were claimed to have been paid out as bounties but the developers refused to disclose how many coins were paid out.

Draw your own conclusions..
I think that is why this coin will die. For the next 4 years the developers will pull out 20% of all mining. But they admitted that they covered up the truth about the "bounties". So this will always taint the coin.

And in the next 4 years a better zero knowledge coin will arise no doubt. One where the developers don't hide what happened with so many coins

cyberspacemonkey

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Quote from: Zer0Sum on December 02, 2016, 09:43:57 PM

Quote from: jwinterm on December 02, 2016, 09:08:52 PM

aCAgTPgtYcA4EysU4UKC86EQd5cTtHtCcr - Received   19,994.0 XZC - Sent   0.0 XZC
aLrg41sXbXZc5MyEj7dts8upZKSAtJmRDR - Received   21,253.99 XZC - Sent   16,103.99 XZC
aQ18FBVFtnueucZKeVg4srhmzbpAeb1KoN - Received   19,994.0 XZC - Sent   5,908.0 XZC
a1HwTdCmQV3NspP2QqCGpehoFpi8NY4Zg3 - Received   37,669.7 XZC - Sent   32,537.7 XZC
a1kCCGddf5pMXSipLVD9hBG2MGGVNaJ15U - Received   24,526.5 XZC - Sent   5,094.0 XZC

So, close to block 10000, total dev/investor tax is about 100k XZC, or 20k per address. Of the five dev/investor addresses, one has moved nothing, two have sent 25%, and two have sent 75%, more or less (since some have obviously received funds besides those from the tax.

If sold at an average of 0.0015 (375% today's price) that's about $60,000 (split among several people)...
Your average experienced panhandler in a major North American city can easily make $100/day.

This is why you never buy a Super Bubble like ETH, STEEM, ZEC, NLG, REP, SIA, AMP etc at the top...
You nibble... and average down... and mine... and scalp it daily to lower your cost base...
So even with a disaster like this one (my current cost is 0.0013) the losses are limited.

It's a basic principle of investing, buy low sell high. That's why most ICOs nowadays end up turning out to be dumpfests because they start with a huge market cap and no room left to grow.

Zer0Sum

legendary

Activity: 1588

Merit: 1000

Quote from: jwinterm on December 02, 2016, 09:08:52 PM

aCAgTPgtYcA4EysU4UKC86EQd5cTtHtCcr - Received   19,994.0 XZC - Sent   0.0 XZC
aLrg41sXbXZc5MyEj7dts8upZKSAtJmRDR - Received   21,253.99 XZC - Sent   16,103.99 XZC
aQ18FBVFtnueucZKeVg4srhmzbpAeb1KoN - Received   19,994.0 XZC - Sent   5,908.0 XZC
a1HwTdCmQV3NspP2QqCGpehoFpi8NY4Zg3 - Received   37,669.7 XZC - Sent   32,537.7 XZC
a1kCCGddf5pMXSipLVD9hBG2MGGVNaJ15U - Received   24,526.5 XZC - Sent   5,094.0 XZC

So, close to block 10000, total dev/investor tax is about 100k XZC, or 20k per address. Of the five dev/investor addresses, one has moved nothing, two have sent 25%, and two have sent 75%, more or less (since some have obviously received funds besides those from the tax.

If sold at an average of 0.0015 (375% today's price) that's about $60,000 (split among several people)...
Your average experienced panhandler in a major North American city can easily make $100/day.

This is why you never buy a Super Bubble like ETH, STEEM, ZEC, NLG, REP, SIA, AMP etc at the top...
You nibble... and average down... and mine... and scalp it daily to lower your cost base...
So even with a disaster like this one (my current cost is 0.0013) the losses are limited.

valley365

hero member

Activity: 868

Merit: 1003

Quote from: cleverhope on December 02, 2016, 09:24:37 AM

Quote from: tooth_fairy on December 02, 2016, 07:57:01 AM

Quote from: cleverhope on December 02, 2016, 03:17:15 AM

sorry for such uncomfortable question but... for what do you want to mine XZC? for dumping it currently at low price near of 0.3 dollar? XZC each day makes new low.

i think its better to mine it while it is cheap because there is less competition then...

i asked because the major count of miners dump immediately.

This is an interesting question. I usually mine and dump according to the profitability... those altcoins for most of them will have not much value in the end. However, I am wondering who are the people buying? Are they traders? or they simply just like the coin? Grin

jwinterm

legendary

Activity: 3136

Merit: 1116

aCAgTPgtYcA4EysU4UKC86EQd5cTtHtCcr - Received   19,994.0 XZC - Sent   0.0 XZC
aLrg41sXbXZc5MyEj7dts8upZKSAtJmRDR - Received   21,253.99 XZC - Sent   16,103.99 XZC
aQ18FBVFtnueucZKeVg4srhmzbpAeb1KoN - Received   19,994.0 XZC - Sent   5,908.0 XZC
a1HwTdCmQV3NspP2QqCGpehoFpi8NY4Zg3 - Received   37,669.7 XZC - Sent   32,537.7 XZC
a1kCCGddf5pMXSipLVD9hBG2MGGVNaJ15U - Received   24,526.5 XZC - Sent   5,094.0 XZC

So, close to block 10000, total dev/investor tax is about 100k XZC, or 20k per address. Of the five dev/investor addresses, one has moved nothing, two have sent 25%, and two have sent 75%, more or less (since some have obviously received funds besides those from the tax.

AizenSou

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Activity: 938

Merit: 1000

Quote from: jeremy grol on December 02, 2016, 04:10:41 PM

Quote from: jwinterm on December 02, 2016, 03:57:55 PM

Right. I was asking for the addresses, they're not in the OP and I thought someone might know them already so I didn't have to use the source, Luke. If no one posts them I'll try to dig them up tonight or tomorrow.

Some dev addresses:

https://insight.zcoin.rocks/address/aQ18FBVFtnueucZKeVg4srhmzbpAeb1KoN

https://insight.zcoin.rocks/address/aLrg41sXbXZc5MyEj7dts8upZKSAtJmRDR

https://insight.zcoin.rocks/address/a1HwTdCmQV3NspP2QqCGpehoFpi8NY4Zg3

As you can see,some are drained:
Total Received 24369.99 XZC
Total Sent 22373.99 XZC
Final Balance 1996 XZC

They start to dump right after bittrex list.
When many user ask them why all those coin has been moved they answers "we have paid Anonymous bounties".

Jeremy the troll doesn't even know how to use the block explorer properly. Funny FUD while the coin is dirty cheap now.
He needs better method to promote his clone Zoin.

@jwinterm: please use this explorer for ur research
https://chainz.cryptoid.info/xzc/

Quote from: romanornr on December 02, 2016, 06:32:01 PM

Just setup a ZCoin mining pool. If there are problems, let me know.
https://gflare.io/coin/zcoin

Nice one, thanks Romaro.

romanornr

hero member

Activity: 691

Merit: 907

Yeah Romano from twitter

Just setup a ZCoin mining pool. If there are problems, let me know.
https://gflare.io/coin/zcoin

lpedretti

full member

Activity: 152

Merit: 100

Does anybody know how long is it until a mined block matures?

Thx!

jwinterm

legendary

Activity: 3136

Merit: 1116

Lol anonymous bounties. Anyway, thanks guys. Didn't even think to look at block 1, derp.

jeremy grol

hero member

Activity: 882

Merit: 500

Quote from: jwinterm on December 02, 2016, 03:57:55 PM

Right. I was asking for the addresses, they're not in the OP and I thought someone might know them already so I didn't have to use the source, Luke. If no one posts them I'll try to dig them up tonight or tomorrow.

Some dev addresses:

https://insight.zcoin.rocks/address/aQ18FBVFtnueucZKeVg4srhmzbpAeb1KoN

https://insight.zcoin.rocks/address/aLrg41sXbXZc5MyEj7dts8upZKSAtJmRDR

https://insight.zcoin.rocks/address/a1HwTdCmQV3NspP2QqCGpehoFpi8NY4Zg3

As you can see,some are drained:
Total Received 24369.99 XZC
Total Sent 22373.99 XZC
Final Balance 1996 XZC

They start to dump right after bittrex list.
When many user ask them why all those coin has been moved they answers "we have paid Anonymous bounties".

barrysty1e

hero member

Activity: 636

Merit: 516

Quote from: jwinterm on December 02, 2016, 03:57:55 PM

Right. I was asking for the addresses, they're not in the OP and I thought someone might know them already so I didn't have to use the source, Luke. If no one posts them I'll try to dig them up tonight or tomorrow.

zcoin block explorer.
block 1 (https://zcoin.rocks/block/c0c53331e3d96dbe4a20976196c0a214124bef9a7829df574f00f4e5a1b7ae52).

by opening the link, we see:

aCAgTPgtYcA4EysU4UKC86EQd5cTtHtCcr
aLrg41sXbXZc5MyEj7dts8upZKSAtJmRDR
aQ18FBVFtnueucZKeVg4srhmzbpAeb1KoN
a1HwTdCmQV3NspP2QqCGpehoFpi8NY4Zg3
a1kCCGddf5pMXSipLVD9hBG2MGGVNaJ15U

are the dev addresses

jwinterm

legendary

Activity: 3136

Merit: 1116

Right. I was asking for the addresses, they're not in the OP and I thought someone might know them already so I didn't have to use the source, Luke. If no one posts them I'll try to dig them up tonight or tomorrow.

barrysty1e

hero member

Activity: 636

Merit: 516

Quote from: jwinterm on December 02, 2016, 11:23:40 AM

Is the 20% dev tax activated now? Are the addresses where those funds go public (without looking into the source code)? Devs hodling or dumping with miners?

has been from the start.
these addresses are available to view in any zcoin block explorer.

zcoin is just a clone of moneta, which was a clone of zerovert.
i'm guessing the original dev of zerovert (who does deserve props for actually writing the first coin to utilize libzerocoin) wasn't happy with the profit so he triple dipped.

roger ver is across 95% of this too; search his name and moneta/zerovert on google.

i've got to say guys, all of this can be discovered by exercising your personal right to think for yourself.

jeremy grol

hero member

Activity: 882

Merit: 500

Quote from: jwinterm on December 02, 2016, 11:23:40 AM

Is the 20% dev tax activated now? Are the addresses where those funds go public (without looking into the source code)? Devs hodling or dumping with miners?

Devs are dumping. Most of funds reward are empty.
They started to dump at maximum price of 0.01 the same time zcash was launched (well scam arch, catching the max hype price to start dump)

Also heard on slack that this thread is no more on dev's hand (they busy to buy lambo)
1 community manager have this thread ongoing, original dev said that have no enoug time to post or interact with community.

synthgauge

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Activity: 1150

Merit: 502

Quote from: jwinterm on December 02, 2016, 11:23:40 AM

Devs hodling or dumping with miners?

This was their intention from the beginning. The launch was scheduled to coincide with zcash launch, poorly informed elements of both z-communities jumped the bangwagon and brought a monster hype leveling the price and allowing the devs to cash out at higher rates. Eventually they will dump everything they have mark my word.

Topic: [ANN] Zcoin (XZC) - Implementing ZKP privacy without trusted setup - page 301. (Read 663312 times)