Topic: [ANN] ZERO - fork of Zcash with harder mining params - page 60. (Read 131859 times)

It is sad that there is no further development with Zero, it could be next good coin.

ZCash has had a Denial-Of-Service security issue discovered: https://z.cash/blog/security-announcement-2017-04-13.html
It is already fixed for ZCash and ZClassic, ZERO needs a fix too! I hope the ZERO developer(s) will finally wake up and fix it!

GPU miner Dev Fee ? ) IMHO 150 GPUs
I mean that if he does not sell coins now (dropping the coin price), he will sell them later.

Yes he would be using huge mining farm. 100 gpus?

There is a miner with a capacity of half the power of the network. This is 3600 coins a day - the current turnover of transactions per day.

I am not involved into development so I do not know how does it work, but as a community we can do some progress if there are users who are willing to help. We have all seen that price can climb high and I think that we can achieve it again.

The coin is NOT dead. https://coinmarketcap.com/currencies/zero/
Circulating Supply 372,200 ZER
Market Cap $59,684 
Volume (24h) $1,979

Since launch, the dev has been updating the initial post, and has added a boatload of trading pairs on Cryptopia:
https://www.cryptopia.co.nz/Exchange/?market=ZER_BTC
This one has 1.3 BTC of Buy orders in place.

The block explorer is working fine, and dev donation jar so far has a few hundred ZEC, worth maybe $40
https://zeroexplorer.com/?account=t1MRhTZYHawTTcuoYVAGT7evviwcH3ZStZN

zeroexplorer.com domain registration is good for another 11 months and is hosted on a respectable VPS provider
https://www.ovh.com/us/

However, the Slack channel has been slacking   Last meaningful posts were in late March.
https://zerocommunity.slack.com

Any developers who want to participate, can join and describe in the #development channel what they want to see added to the project and how they can contribute. Also, add an issue to Github and a post on this forum as well, so we know to follow-up.
https://github.com/zerocurrency/zero/issues
So far there are no pull requests for the project on Github.
https://github.com/zerocurrency/zero/pulls

I am interested in the Zero codebase tracking Zcash releases, so once stable 1.8 comes out will implore the dev to merge, or do it myself, or put up a bounty.

Once the community shows signs of life, we can schedule a small "media blitz" on Twitter, Reddit, various forum posts, article comments. Can share ideas and prior experiences on this thread, and do more detailed planning on the #promotion Slack channel.

So, quit complaining and get involved.
  Tearo

Well this is good question. Who knows what will future bring, I hope that zero is not abandoned.

Any news about developing this coin ? I still hold some from start .

Actually what you want is
-predictable monetary polecy.
-low inflation.
-enough inflation to secure the betwork without high transaction fees.

The issue with this coin is simply that the inflation remains high for too long(50 years). When the supply of money over time is predictable the market will be able to give the coin stable value(at least with time), you do not need any governance, a good coin does not need to be forked or adjusted manually.

Also you need to solve the issue of scalability, will the network be able to deliver 100 transactions/s?

Finding the right balance between growth and stability and the necessary reward systems is likely impossible ahead of time, and the curve of emission rates should be tuned periodically, say annually. However, the governance of Bitcoin is proving to be no better than of many of the fiat. I suppose one could have some guiding principles, like the fact that the emission eventually ends, and what's tunable is only the rate of convergence, within pre-set bounds. And adjustments are made with a pre-determined formula, that takes into account several metrics for the distributions of fees, transaction number and value, coin valuations.  Not like I know how to generate such a formula.
  Tearo

vaklinov has my changes and has agreed to make a Github repo to parallel his work for the Zcash and ZClassic communities. https://github.com/vaklinov

I have committed to re-test his release, first on Linux and then on Windows, against a running Zero node. We also messaged about further improvements to the wallet and about integrating all three versions into a common codebase. Did tell him that we'll be dropping some ZER into his donation jar, once we find the wallet working and useful.
  Tearo

Are there any successes?

All inflationary cryptocurrencies has failed, i doubt this coin will be any different unless a fork is done to change the monetary policy. We already have the dollar for people that like high inflation.
I do agree it is a terrible idea to rely on fees only(it will not work) but a constant block reward is not good either, the optimal system is somewhere in between such as https://bitcointalksearch.org/topic/fibonacci-halvings-1630098 or

reward = (constant-supply)³

you can have limited supply and enough tail emission to secure the network. One interesting solution with unlimited supply is to have the supply increasing logarithmic such as halving after 1,2,4,8,16,,, years.

I disagree with the desire for a deflationary cryptocurrency. All kinds of coin is constantly 'lost' through erroneous transactions, forgotten wallets, dust TXOs.  The debate between the "digital gold" and a "settlement currency" Bitcoin camps, where the miners (and perhaps traders) are finding themselves on the "gold" side, is rooted in the imbalance between the magnitude of per-block miner rewards vs. transaction fees. If the majority of the miner revenue came from the fees, they would have a vested interest in on-chain growth of the retail business. And merchant business is enabled by the liquidity growth that, at a minimum matches the overall economic expansion.
  Tearo

LOL
 you are whining about price but hmm it seems you sold ~ @60K and left when you were not able to make 0,15BTC per day with one GPU
LOL

...but yes, sure, big miners are guilty for the price drop.

LOL

I need to say that I have left right after I noticed that from 250Zero per day i am making only 25 and that price fell down from 64k to 30k. I still have some coins in echange and wait for better times of Zero. It was like a miracle as the price was climbing and next day, boom there we go.. Thanks mining whales, good work what you made..

Constant block reward is not a good idea, too inflationary, it will take 100 years before the inflation hit's 1%

Hardly. The few powerful miners with Suprnova breaking prices. As a giant miners must pay Elektric energy consumption and they are huge. They're knocking down the price, maybe they will kill coin with his greed. They only important  their profit. They are not interested for coin and its development. They are not interested in the other miners. They only important for their money. They only care about themselves. They do not care what the coin still in "infancy". That's why I left the Zero.

Hmm it's funny how probably early CPU miners are crying about the price while they were those that were able to mine Zero with overall less expences than they are now...
Or price concerners are those that bought at top when some known crypto guys when price was already 10x for them were calling next 10x.
Hmmm wondering what happened with those hypers and their support... oh yes, they are silent now and will stay silent until they refill their bags.
Interesting how nobody complained when price was sub 5k. Anyway, more miners will bring production price up as well as decent pump, so with current trading volume (0,47BTC for last 24hr) it's 100% clear that ~50% of miners are not selling their coins so my guess is that suporters defined price that they will support and it is around curent price level.