Topic: Announcing ZiftrCOIN Release - page 41. (Read 106728 times)

mmm, smell funny, promising one dollar of redemption value and in the ipo only raised about 800000 bucks, we will see how it goes

Well that person you say it is ... it dumps 3k ZRC / day. You can check yesterday charts and today charts. I don't believe that one person to keep 10% and again I don't believe it's just 1. Also it's far for being fair vs. other users that are CPU mining. One person gets 10% of network ... do the math how is  that decentralized and fairy distributed , how is that fairly distributed ? The market is also in big danger & declaring this coin dead . Why ? the support is under 1BTC ...

Honestly, I'll be glad when we can finally release the GPU miners. As worried as everyone here is about GPUs, you have to realize that we're much more stressed out over it. We have to constantly be monitoring things and ready to react. Is there a rogue GPU miner? How does the community feel? Anyone close to 51%? Is the difficulty responding well? etc.

Meanwhile, I'm happily solo CPU mining at home, which is why I'm a bit confused as to why anyone would WANT rushed GPU miners.

Anyway, tomorrow when we have our next spontaneous meeting on the state of GPU mining (we seem to have them about twice a day), I'll make sure and bring up that users are asking for GPU miners. Personally, I think it will be a case of "be careful what you wish for." My prediction is that if we rush out GPU mining, then instead of having 1 person with 10% of the network (what we have now), we'll instead have 15 people with 50% of the network. I'm not convinced that's a better situation to be in.

Well sorry for not believing you It's been a nice ride guys and the dumps will come soon.
P.S : They aren't VPS or AWS. Why ? It's simple the pools don't support right now stratum so it's impossible to mine with a GPU on a pool. So they are doing solo . Easy that's why the extra 250 MHs hashrate won't appear in stats.

Well sorry for not believing you It's been a nice ride guys and the dumps will come soon.

wow you must be clairvoyant...    
(and no I didn't share with friends as agreed with ziftr team)

Finally somebody with a bit of common sense around here. But it seems the one who aren't agree are very affected by people who shout around:"Oh it must be GPU's" . Which I tend to be suspicious about it. Well not really that DJM guy has the GPU Miner all for himself . I know it 100% .

Agreed...it's time to release the GPU mining software and call it a day on the CPU phase. The cat's out of the bag and we can definitely expect that those few who are running modified GPU mining software for Ziftrcoin will be dumping, to take advantage of their much larger than usual share of the block rewards, while they can. It's going to hurt the exchange price, to have such an imbalance in block reward distribution; because you can be certain those GPU miners are not mining to hold Ziftrcoin.

~500 MH/s network from CPU's only???
Come on!

ziftr coin on crypsty

For what it's worth, we're aware of the miners with such large amounts of hashing power on the pools. It's likely that they're using GPUs, but we aren't fully convinced of that yet. We saw some users (who we know were just using CPUs) throw 140 MH/s at the network for a short time period last week. I also know my Intel i5 4670k (which is over a year old at this point) can get about 400kH/s. It's not out of line to think that there are users with 100 of those under their control. For example an IT guy at any local community college (where network security would be lax) with CAD and other engineering programs can probably muster that.


What it really comes down to for us is a balance of the total hashrate of the network and its distribution. There are ALWAYS going to be "whales" on a network. Now it's because they either have their own custom mining software or unrestricted access to many CPUs. When we "open the gates" it will be those with large GPU farms or cheap electricity. We don't like that there is a single user with so much power, but other than that the network is fairly well distributed and CPU mining is still very viable. We're already getting many new people into crypto (more than we expected at this point), which is good for all coins. That will go away when the coin becomes GPU only.

small cpu miners are relieved.
Seriously in your position 15pc's your whining is out of place and lets be honest you wouldn't give a shit if the situation was reversed and speaking of greed, putting 15pc shows yourself as greedy and more interested in accumulating and dumping than anything else.
So please stop that hypocritical whining.

ps: I don't think anybody is making 2k zfr/day (or at least not with gpu's) and you can't either dump 2k/day on the exchange, there isn't enough buy support for that

After all this GPU Miner discussion . I think I'll leave to the GPU miners to enjoy & dump this coin. It would have been a great coin ....too bad that greed is a general point in Cryptocurrencies . The greediness is so huge that regular people wouldn't have a chance to come back. It will take a great effort to make a real worthy cypto for all the people out there to enjoy. I can't compete with my 1-2 MHs made by 10-15 pc's  vs. their GPU's.

Jokes, hints, sarcasm... With all the open source mining code around here writing simple GPU miner is matter of days for any programmer even without past experience with cryptocurrencies. Writing good miner is hard, but merely outperforming CPU for this particular algorithm is easy.