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Topic: How many Zcash coins actually exist? (Read 7660 times)

hero member
Activity: 1316
Merit: 593
October 29, 2016, 10:52:33 PM
#22
Zcash will have the same number of coins as BTC. Yet it traded at over 3000 BTC per Zcash.
At that price based on 21 million coins it would have a final market cap of $30 Trillion USD....

Is that right?

It depends on the part of the world you live in Smiley

https://en.wikipedia.org/wiki/Names_of_large_numbers

legendary
Activity: 1190
Merit: 1000
October 29, 2016, 10:39:59 PM
#21
Zcash will have the same number of coins as BTC. Yet it traded at over 3000 BTC per Zcash.
At that price based on 21 million coins it would have a final market cap of $30 Trillion USD....

Is that right?
hero member
Activity: 1316
Merit: 593
October 29, 2016, 09:04:37 PM
#20

"10% of the 21m coins to be issued are earmarked for founders, investors, employees and a putative Zcash foundation."

http://www.economist.com/news/finance-and-economics/21709329-another-crypto-currency-born-known-unknown

We know that trading started with the theoretical marketcap valuation of 10-20 folds bigger than BTC marketcap I doubt some of the initial owners of 10% coins will not sell at such attractive prices for selling.
copper member
Activity: 1330
Merit: 899
🖤😏
October 29, 2016, 09:50:36 AM
#19
For the first 20,000 blocks, the issuance is limited by the "slow start" algo.

Each block the $ZEC issuance increases. 

At block 100, it was (100 / 20,000) * 12.5 $ZEC  = 0.0625 $ZEC.   With the target of 576 blocks/day, that means 36 $ZEC / day rate at block 100.

Blocks are targeted to come at the rate of one every 2.5 minutes.   (12.5 $ZEC every 2.5 minutes is the same as 50 $ZEC every 10 minutes, the same rat that Bitcoin started out with.)

At the current block, ~660 it is (660 / 20,000) * 12.5 = 0.4125 $ZEC per block.    With the target of 576 blocks/day, that means 237.6 $ZEC / day rate at block 660.

At Polo price of 19 BTC/ZEC, that's issuance at the rate of about $3M USD per day.  20% of that to the founders, 80% to the miners.

It's been just 8 hours since launch, and ZCash is already well into issuance of "day 2"'s coins.

This slow start is slow, sure.  But not anywhere near as slow as the "target" chart shows.   

Incidentally, at this moment, with 850,000 Sol/S ( https://explorer.zcha.in/ ) at this very moment in time, and have a $200 AMD 470 GPU ... you're getting ~20 Sol/S on it, worth about $70/day.


So you are telling me if I put 100 AMD 470 mining zcash then I can earn $7000 in 1 day?
There are how many rich people out there with access to at least 1000 AMD GPUs right now?
hero member
Activity: 840
Merit: 508
October 29, 2016, 09:38:54 AM
#18
All people are talking about Zcash, the price is strange, who buy and sell this coin?, I have watched many Zcash threads since Poloniex listed it, but I haven't read if someone in this forum buy or sell this coin, and even it is legit coin why people are buying at this price although they know that the price will drop later when the mined coins increase.
The total supply will be 21 millions as Bitcoin total supply.
IMHO, instead of spending BTC on exchange to but ZEC at this high price, it is better to buy a 4 months Zcash mining contract from www.Zcash-Miner.com and sell them at exchanges at a later date.

I Sold My mined Coins for 0.5 btc i only got 0.02 zec
How much hash power did u have?

I got about 70h/s
I stopped Mining now first 500 Blocks were Very fast and profitabel
hero member
Activity: 630
Merit: 500
October 29, 2016, 06:14:58 AM
#17
lol 1 zec is worth 20 btc??? Roll Eyes

There will be less than 1500 tokens in the first two days, concerning the price, it has crashed to 5BTC now. I can see another Steemit chart in the long run
legendary
Activity: 1498
Merit: 1113
October 29, 2016, 02:51:29 AM
#16
zcash is a privat coin. who was able to invest before launch? how is mining now?
and the biggest problem is this: In the first 4 years the founders will take 20% of all coins mined.

why should anybody mine into the pockets of the founders?
hero member
Activity: 756
Merit: 500
October 28, 2016, 10:51:22 PM
#15
It had a 99% of devaluation.. OMFG! TH!!! Thank God I didn't bought it. I sold almost my whole ETH "wallet" I have now 20% of the amount of a month ago, and 10% of XMR. But this Zcash is the Zcrash. Look, it was 20BTC a unit and NOW it's ~10-BTC. This is a scandal, not an ordinary movement. I won't tell my drastic opinon about it, but certainly it has som "misunderstood" around this coin.. dunno , but as I remember, nothing was like it... Whata bizzzzzarreee. Btw, cloud Zcash is like throw money out of the window... whata crazy crypto world bro.
hero member
Activity: 983
Merit: 502
October 28, 2016, 09:34:28 PM
#14
Does anyone know
1. How many Zcash coins exist now?
2. What the total supply will be?

138 at the time of posting

https://explorer.zcha.in/

Total supply roughly similar to that of Bitcoin



http://www.coindesk.com/the-structure-and-valuation-of-zcash-vs-bitcoin/

newbie
Activity: 21
Merit: 0
October 28, 2016, 09:30:28 PM
#13
For the first 20,000 blocks, the issuance is limited by the "slow start" algo.

Each block the $ZEC issuance increases. 

At block 100, it was (100 / 20,000) * 12.5 $ZEC  = 0.0625 $ZEC.   With the target of 576 blocks/day, that means 36 $ZEC / day rate at block 100.

Blocks are targeted to come at the rate of one every 2.5 minutes.   (12.5 $ZEC every 2.5 minutes is the same as 50 $ZEC every 10 minutes, the same rat that Bitcoin started out with.)

At the current block, ~660 it is (660 / 20,000) * 12.5 = 0.4125 $ZEC per block.    With the target of 576 blocks/day, that means 237.6 $ZEC / day rate at block 660.

At Polo price of 19 BTC/ZEC, that's issuance at the rate of about $3M USD per day.  20% of that to the founders, 80% to the miners.

It's been just 8 hours since launch, and ZCash is already well into issuance of "day 2"'s coins.

This slow start is slow, sure.  But not anywhere near as slow as the "target" chart shows.   

Incidentally, at this moment, with 850,000 Sol/S ( https://explorer.zcha.in/ ) at this very moment in time, and have a $200 AMD 470 GPU ... you're getting ~20 Sol/S on it, worth about $70/day.
newbie
Activity: 44
Merit: 0
October 28, 2016, 08:12:55 PM
#12
All people are talking about Zcash, the price is strange, who buy and sell this coin?, I have watched many Zcash threads since Poloniex listed it, but I haven't read if someone in this forum buy or sell this coin, and even it is legit coin why people are buying at this price although they know that the price will drop later when the mined coins increase.
The total supply will be 21 millions as Bitcoin total supply.
IMHO, instead of spending BTC on exchange to but ZEC at this high price, it is better to buy a 4 months Zcash mining contract from www.Zcash-Miner.com and sell them at exchanges at a later date.

Buying waaay overpriced cloud mining contracts is the worst decision you can do. I could offer what they do for half the price if I wanted to with above normal electricity prices.
Overpriced! If it is overpriced, then what would u call Genesis-Mining? What would u call the current price of Zcash?
legendary
Activity: 2002
Merit: 1051
ICO? Not even once.
October 28, 2016, 08:06:06 PM
#11
All people are talking about Zcash, the price is strange, who buy and sell this coin?, I have watched many Zcash threads since Poloniex listed it, but I haven't read if someone in this forum buy or sell this coin, and even it is legit coin why people are buying at this price although they know that the price will drop later when the mined coins increase.
The total supply will be 21 millions as Bitcoin total supply.
IMHO, instead of spending BTC on exchange to but ZEC at this high price, it is better to buy a 4 months Zcash mining contract from www.Zcash-Miner.com and sell them at exchanges at a later date.

Buying waaay overpriced cloud mining contracts is the worst decision you can do. I could offer what they do for half the price if I wanted to with above normal electricity prices.
newbie
Activity: 44
Merit: 0
October 28, 2016, 08:05:11 PM
#10
All people are talking about Zcash, the price is strange, who buy and sell this coin?, I have watched many Zcash threads since Poloniex listed it, but I haven't read if someone in this forum buy or sell this coin, and even it is legit coin why people are buying at this price although they know that the price will drop later when the mined coins increase.
The total supply will be 21 millions as Bitcoin total supply.
IMHO, instead of spending BTC on exchange to but ZEC at this high price, it is better to buy a 4 months Zcash mining contract from www.Zcash-Miner.com and sell them at exchanges at a later date.

I Sold My mined Coins for 0.5 btc i only got 0.02 zec
How much hash power did u have?
legendary
Activity: 2618
Merit: 1022
October 28, 2016, 08:03:28 PM
#9
with supply like that, unless miners hold on to it, it will drastically drop in price
hero member
Activity: 840
Merit: 508
October 28, 2016, 07:56:24 PM
#8
I Sold My mined Coins for 0.5 btc i only got 0.02 zec
hero member
Activity: 826
Merit: 523
October 28, 2016, 07:18:29 PM
#7
All people are talking about Zcash, the price is strange, who buy and sell this coin?, I have watched many Zcash threads since Poloniex listed it, but I haven't read if someone in this forum buy or sell this coin, and even it is legit coin why people are buying at this price although they know that the price will drop later when the mined coins increase.
The total supply will be 21 millions as Bitcoin total supply.
hero member
Activity: 672
Merit: 500
October 28, 2016, 06:15:16 PM
#6
lol 1 zec is worth 20 btc??? Roll Eyes

It like when the new PlayStation comes out and people put them on eBay for $10,000.
Maybe one rich guy buys one, but it takes days or weeks for the actual price to be known.

Guys you can play with the waves, but never sleep with ZEC in your bag if you day trading...
sr. member
Activity: 434
Merit: 250
October 28, 2016, 05:54:21 PM
#5
lol 1 zec is worth 20 btc??? Roll Eyes

It like when the new PlayStation comes out and people put them on eBay for $10,000.
Maybe one rich guy buys one, but it takes days or weeks for the actual price to be known.
hero member
Activity: 888
Merit: 500
October 28, 2016, 05:33:20 PM
#4
lol 1 zec is worth 20 btc??? Roll Eyes
legendary
Activity: 2002
Merit: 1051
ICO? Not even once.
October 28, 2016, 05:04:25 PM
#3
Does anyone know
1. How many Zcash coins exist now?
2. What the total supply will be?

Based on a block explorer (https://explorer.zcha.in/) the current supply is 68 ZEC.
I have no idea how accurate that is.

Also, here's an emission chart I found in another thread:

Just saw this supply chart and I can say that a lot of market manipulation (pump/s) could be expected:



Buying right from the start could be a good or very bad idea.
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