Topic: For the first time in a while... seems like there is a shortage of miners (Read 3759 times)

They are not adding more memory only the speed of the memory is 10% higher. 6gb is still 6gb, nice marketing though...

the 6gb to 9gb  on the 1060  should make the card jump from 330h to close to 400h  I am looking to test the card as it appears as if it will really jump mining zec.

6GB 9Gbps and 8GB 11Gbps so only mem oc ~10%.

I used to think this but the 2 new cards by zotac are built perfectly for mining zec.

a 1060 with 9gb and a 1080 with 11.2 gb. 

I can exactly understand your theory, and I were them I would be doing the same. But what I doubt is if they are even aware of Bitcoin (probably) and there is other crypto-currencies (less probably). And while Ethereum may have come to their ears, ZCash seems less likely.

Zec needs 300 btc EVERY DAY just to keep the price at 0.05, so far someone has been willing to pay that. $1,000,000 every three days. Who that someone is we don't know, he doesn't show on buy books. Alternatively someone mines most of the daily supply and holds, somehow I find it hard to believe.

Biggest zec 'market' does $2,000,000 daily volume with buy book worth of $100,000 (haha!), second biggest daily $600,000 with $300,000 of buys. Not sure if your theory is right but something is going on for sure.

Good food miners though.

I am not privy to their board room talks. But the Nvidia vs AMD  fight runs deep  been going on for a long time.

Zec came along and Nvidia crushes AMD at mining it.  I have to think that this pleases them.

 And that market cap is tiny  under 80 million  every once in a while they can pump it.  They could also mine it  more cheaply then anyone in the world.

Remember  it is a way  to get btc   far more cheaply  then any other mining method.  I just can't see them not doing it.

 what is it to them to have 10,000 1070's mining it at nicehash  directly converted  to  btc then every 30 days use that btc to pump zec.

that looped effect would turn a profit  costing  them no real money and it would keep the price of zec boosted.  

lets Do the math   10,000 gpus  x 440h = 4,400,000h  that is  739 btc per month  and they simply  buy  339 btc of zec once a month  to pump the price.

the other 400 btc  pays off their capital costs.

So effectively they earn a profit running that farm  and use some of the profits not all just some  to prop up zec.

they can do this for as long as eth is pow and zec has a low market cap.

This is an argument I heard many times, including Intel instead of NVidia for ZCash too I think. But really, I doubt they would bother making graphic cards just for us miners, as they probably sell more GPUs in one week to the rest of the world than in one year to us.

Zec will continue to do well

It has a small market cap. under 80 million

Nvidia clearly mines it better then AMD

So as an incentive to buy a 1080ti,1080,1070,1060

  they can prop up Zec with ease

Nvidia has  53 billion dollar market cap.

If this is wrong  why did they just build  these two cards

https://www.zotac.com/us/product/graphics_card/zotac-geforce-gtx-1060-amp-edition-plus 9gb ram
https://www.zotac.com/us/product/graphics_card/zotac-geforce-gtx-1080-amp-extreme-plus 11gb ram

they will be zec killer-miners that is why

After 4 years it will not be paid by the ZEC miing. So at that time, it could be developed by a larger community.

@groovy1962

ZCash is alluring for many reasons but it is developed by a company. It's growth and development is less organic than how Bitcoin came up. ZEC just got propped onto Poloniex on day 1 with a hype train for it is Bitcoin 2.0 and we all know the Poloniex effect by now. That slow start emission was a way to jack the price up early. Honestly looking at it if I was a dev I'd be selling all my ZEC early while the price was effectively manipulated and pumped up early for lots of BTC and than buy back in when it is cheap. 10% of all ZEC to ever be mined going to a small group of people is a very high amount of wealth if this were to reach world changing high value. 20% of the first 4 years of mining is 10% of all ZEC to exist due to the halvenings upon halvenings every 4 years. It's something how saying 20% for the first 4 years only downplays the magnitude.

The clones do not suffer in the same way LTC does. LTC only offered 4x quicker block time to speed things up. There was no special interest and possible centralization motives in the development in either coin so LTC just became silver compared to gold.

ZEC devs are a closed group. It's not for the people by the people. It's for the little people, by the big people. ZCL is more of a community coin. Without any radically high founders tax on ZCL they managed to develop a windows wallet before the super professional and well compensated ZEC team. Why are these guys paid so much to continue developing the coin?

Oh one more thing. People like to attack Dash over the instamine and how Evan has 500,000 instamined coins. Well 500k out of 18 million when Dash hits its total circulation is only 2.7% of the total Dash circulation actually. That's nearly 1/4th of 10% in the case of ZEC's pseudo dev instamine

Can ZCash advancements by its developers be easily incorporated into its clones?  ZCL does not have a dev fee, and no pre-mine (I may be wrong about this part).  I would think this would make it more popular than it is.

once again  they are the easiest coin to pump since they have a small market cap.

pc  companies and component companies  can easily boost the price of it so that miners continue to buy gear.

It is actually the bitcoin of privacy-- it has the mind share and the technical chops to deliver a solid product.  It has the development team that no other coin can match, except Bitcoin Core.  Etherreum's development team isn't as good as the Z.cash one.

It may be having a run up because of a whale, or it may just be speculation-- but the truth is, everything is speculation right now, even bitcoin.  Actual day to day use of these currencies far lags their price rises.

There are no alts that do the Z.cash job as well as Z.cash, except its clones, and thy all suffer the same way litecoin suffers in bitcoins shadow.

I don't know what you mean about "special interest centralization" but having a good development team is a good thing-- it means keeping up with bitcoin core, for instance (look at how bitcoin unlimited is doing such a poor job of that, while z.cash is porting cores improvements over reasonably quickly.)

ZCash DumpCash will pop and dump. Its value is all about people speculating that it will go big with no particular reason since there are rising alts doing its job better and without the special interest centralization

The best time to mine is during doom and gloom.  So when things are hot, take some earnings and set it aside.  Then create a continuity and contingency plan for when it does crash and rebound.
Furthermore, global crypto market capital is growing as time goes on.  Crypto is becoming an emerging market of tremendous growth and volatility.

Right now, I actually plan on investing in sustainable infrastructure for mining and hosting.  The plan will be for 5-25 years of operations and minimize any disruptions.

Here is the nuclear scenario, the Swiss national bank gets into cryptocurrency. As it is, people buy Swiss bonds for safety. These bonds have a negative interest rate.

 This move would crush gold, BTC, the euro and the USD not to mention the alts. I'm also little surprised that someone doesn't go after BTC by having a SF based crypto currency.

There is some probably some truth to that. I have a few rigs mining and have contemplated adding more, but I have also been trading quite a bit lately and making a fair bit more that way.  Either method is risky, so sock away some profits when you can for when times get bad.

I do want to see where btc flows if it gets to 600-800 area. Fiat or 'alt'? If it goes to 'alt' it makes btc the biggest 'alt' there is.

Happy mining!!!

Most likely just alt pump/bubble. ZEC and Dash will get dumped soon. This pump is effect of recent BTC instability SEC decision and BTU movement.