Topic: Looking like the ZEC party is over - page 3. (Read 11111 times)

Not that I know of, it would be crazy if there was.

I meant I have been, for example, selling my ZCL around 0.0006 and buying back around 0.0005 using same amount BTC earned. Not exactly a short but same principle.

Not sure about ZEC as it seems to be a solid down trend

Is there an exchange where you can short this?

ZCL and ZEC are by no means over - we haven't even seen what happens when a Dark Market or legit vendor adopts the coin as a payment method.

Truly anon transactions also have a plethora of real world uses outside of the dark markets and criminal activity.

I think when Ethereum goes POS masses of the hashing power will move to ETC, ZCL and ZEC making coin production more difficult and with coin adoption going on in sync the price will surely rise and ETH will continue to fall. I believe we are already seeing this happen.

I mean, neither of the Zs even have a Windows wallet yet.

I have no clue why anyone is mining ETH, apart from using the Ethereum system it has no use. Also with all the Forks and issues I think people are loosing faith in ETH.

People are just tripping out because the profitability is no longer outrageously high.

Hold your coins people, or at least short sell them inline with the pumps

According to CMC available supply right now is 255456 ZEC.

576x(10+2.5)=7200 new zec are generated every day, that is 2.8% DAILY inflation. That number needs to get much lower before this can go up.

Serious market manipulation starts when you can trade this on margin and that doesn't happen before it finds some ground under its feet.

Let's keep this on the downlow, but word on the street is that the pump starts on the 28th January. 

mining zec until jan 27th 2017.

thats is my birthday  and I will sell off my 20-30 coins then

My thoughts exactly.

This is the same pattern that happened with Ethereum, when those who stuck it out were able to mine cheap blocks due to the low interest/difficulty and when it pumped later they made out big time.

It will be as same as with ethereum a year ago -  period of almost zero profitability and then sudden pump a few months later. You have to wait out this period, do not sell your equipment now, you will thank me later.

Not profitable any  more.

For the old cards like the R 7 370 or the R9 280(x), it is better to stick to the ZCash. It is more profitable there.

I agree I never gave up or even came close to giving up with Zec mining, i went to ETH every now and then for a few hours that was a waste of time for me.
ETH mining was never really profitable after Zec mining started but that's up for debate with some, i won't get in to it .

CM 8 just came out my R7370 went from 88 sol to 117 Sol, i haven't switched my other cards yet and SA it about to do the same with it's windows version for AMD cards or close in speeds .

I use antminer's Zcash Pool and I know some look at me, well you know,  i Like PPS payouts, is there another Pool that does PPS for ZEC mining ?  if there is i will use it over antminers ZC pool.

Thanks top .

The "real ZEC party" is just starting soon its to early to say its over .
zcash mining is still in a "slow-start" period during the first 20,000 blocks where the block reward linearly increases to 12.5 ZEC.

Not to split hairs but if the resistance is below you its called support price or level. I know you know what you meant, but lets help the newbies to technical trading.


A support level is a level where the price tends to find support as it falls. This means the price is more likely to "bounce" off this level rather than break through it. However, once the price has breached this level, by an amount exceeding some noise, it is likely to continue falling until meeting another support level.

A resistance level is the opposite of a support level. It is where the price tends to find resistance as it rises. This means the price is more likely to "bounce" off this level rather than break through it. However, once the price has breached this level, by an amount exceeding some noise, it is likely to continue rising until meeting another resistance level.

When  a support level is breached it is likely to become resistance level, and vise versa.

Technical analysis is based on history and we do not have enough history on ZEC to actually do any valuable analysis yet.

The approximately  $53 or .0722 BTC level appears to be support at this time. Typically this level will need to be retested, maybe several times.

What is interesting is that we have a moving average cross over for the first time in ZEC existence on the 2HR charts.
It will be weeks, or even months before we will have usable data on the daily charts, unless you are just looking for the downward trend to continue, but this could be about as dangerous as pre selling ZEC tokens before it launched at $.09.

Until we have a longer price data time frame, and we reach full block reward the best gauge of price or value will be the ZEC mining profitability VS ETH mining profitability from a miners prospective, and at this point what else do we have.

I know the profitability does not absolutely dictate price, but it will raise and lower hashrate to keep ZEC profitability at a approximate parity to ETH profitability.

I believe that this will be the case near term until utilization, store of value, or something else takes over.    

Just my .02705 mBTC  
  
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  Pretty much agree.  I also think  that 50-55 will be the bottom for quite a while.
 This coin is really in a different spot then most coins there are so few of them and price is high.

[

Also, it looks like the 50$ range is kind of the current resistance price for ZEC, I haven't seen it drop below that
[/quote]

Not to split hairs but if the resistance is below you its called support price or level. I know you know what you meant, but lets help the newbies to technical trading.


A support level is a level where the price tends to find support as it falls. This means the price is more likely to "bounce" off this level rather than break through it. However, once the price has breached this level, by an amount exceeding some noise, it is likely to continue falling until meeting another support level.

A resistance level is the opposite of a support level. It is where the price tends to find resistance as it rises. This means the price is more likely to "bounce" off this level rather than break through it. However, once the price has breached this level, by an amount exceeding some noise, it is likely to continue rising until meeting another resistance level.

When  a support level is breached it is likely to become resistance level, and vise versa.

Technical analysis is based on history and we do not have enough history on ZEC to actually do any valuable analysis yet.

The approximately  $53 or .0722 BTC level appears to be support at this time. Typically this level will need to be retested, maybe several times.

What is interesting is that we have a moving average cross over for the first time in ZEC existence on the 2HR charts.
It will be weeks, or even months before we will have usable data on the daily charts, unless you are just looking for the downward trend to continue, but this could be about as dangerous as pre selling ZEC tokens before it launched at $.09.

Until we have a longer price data time frame, and we reach full block reward the best gauge of price or value will be the ZEC mining profitability VS ETH mining profitability from a miners prospective, and at this point what else do we have.

I know the profitability does not absolutely dictate price, but it will raise and lower hashrate to keep ZEC profitability at a approximate parity to ETH profitability.

I believe that this will be the case near term until utilization, store of value, or something else takes over.    

Just my .02705 mBTC  
  

 Same mods tend to also help ETH/ETC et cetera - but ZEC does seem to use less power.
 I was "only" noticing about a 20% improvement going from ETH to ZEC on my 1070s though.

There's a security bug in zcash, and instead of taking full responsibility, the Wilcox boys are pointing the blame for any potential problems at miners (pools) who don't instantly upgrade.
So if the bug is exploited, the can say they released a fix and warned everyone, and since they can't force miners (pools) to upgrade, it's not their fault.

https://z.cash/blog/security-announcement-2016-11-22.html
can someone explain?

It seems the price of the ZCash has stopped dropping temporally. It is still above the recent lows for two days.

I hope that will happen. That means it is profitable mining again for the miners with very high electricity price.