Zec rallied again close to 70 usd.
Like I said 100,000 in usd to buy coins and the coins jumped up from .070 to .089 btc .
This will be something to do for at least a few months.
To me I see another bump over .125 btc before Dec 21St
Topic: Looking like the ZEC party is over - page 4. (Read 11111 times)
ETC/ETH are more better for mining
ETC/ETH burn through power (and most other crypto that has a PoW component), they might be more profitable, but at what cost to the environment? (unless you're running the entire operation on Off-Grid Solar, or another clean energy source.)
Yup, and as I've stated many times, if you take the time to mod your rigs properly, a ZEC rig will mine at 75% the wattage needed for ETH (if not better), that's what I get on my 470s. Hence, ZEC profitability, even at 50$/ZEC is still a bit better than ETH, for me at least.
Also, it looks like the 50$ range is kind of the current resistance price for ZEC, I haven't seen it drop below that
For newer cards like Polaris/Ellesmere and Tonga, eth mining is is now more profitable than zec, leading to hashing power switching back to eth.
https://etherscan.io/charts/hashrate
While the price of zec has been dropping (now ~$65), the market cap has stayed in the $3-4M range for several days. In a month from now I expect the zec price to drop to the $25-$35 range, reducing mining profitability and resulting in more miners switching back to eth. Difficulty should be back up to 80T within a few weeks, and back up to 100T early in 2017.
https://etherscan.io/charts/hashrate
While the price of zec has been dropping (now ~$65), the market cap has stayed in the $3-4M range for several days. In a month from now I expect the zec price to drop to the $25-$35 range, reducing mining profitability and resulting in more miners switching back to eth. Difficulty should be back up to 80T within a few weeks, and back up to 100T early in 2017.
Yes ZEC can keep falling like a rock to lower levels, but for the past 2 days it has found some support and in fact appreciated abit although it seems like trying to suckering in some newbies. I am bearish like anyone else on Zcash and I think it can test Monereo levels.
I am very bullish on zCash
I will be so until the market cap grows to over 50,000,000 USD
,
It is so cheap to pump zec and there are 25,000,000 in mining machines mining it as I type.
once again
psu companies
ram companies
cpu companies
gpu companies
ssd and hdd companies
motherboard companies
all stand to gain by supporting zec via coin purchases .
no commercial or promotion would be better.
look at zec cap
https://www.coingecko.com/en/market_cap/zcash/usd
only 5 million
look at eth cap
https://www.coingecko.com/en/market_cap/ethereum/usd
over 850 million
So since both coins doing okay works for all those companies listed above if you are one of the above companies which one of the two d you pick to bump price.
you pick zec for now 100,000 in purchase would keep coin steady or rise just a bit.
these numbers hold for a long time. At worse until Jan at best far longer.
For newer cards like Polaris/Ellesmere and Tonga, eth mining is is now more profitable than zec, leading to hashing power switching back to eth.
https://etherscan.io/charts/hashrate
While the price of zec has been dropping (now ~$65), the market cap has stayed in the $3-4M range for several days. In a month from now I expect the zec price to drop to the $25-$35 range, reducing mining profitability and resulting in more miners switching back to eth. Difficulty should be back up to 80T within a few weeks, and back up to 100T early in 2017.
https://etherscan.io/charts/hashrate
While the price of zec has been dropping (now ~$65), the market cap has stayed in the $3-4M range for several days. In a month from now I expect the zec price to drop to the $25-$35 range, reducing mining profitability and resulting in more miners switching back to eth. Difficulty should be back up to 80T within a few weeks, and back up to 100T early in 2017.
Yes ZEC can keep falling like a rock to lower levels, but for the past 2 days it has found some support and in fact appreciated abit although it seems like trying to suckering in some newbies. I am bearish like anyone else on Zcash and I think it can test Monereo levels.
ETC/ETH are more better for mining
ETC/ETH burn through power (and most other crypto that has a PoW component), they might be more profitable, but at what cost to the environment? (unless you're running the entire operation on Off-Grid Solar, or another clean energy source.)
ZEC also burns through power - just not quite as much of it.
For those with higher power costs I'm sure that's a significant factor in their profitability.
ZEC still more profitable than ETC or ETH. not sure where these people are getting there calculations at. :-)
It depends quite a bit on your cost of power, and on WHAT you are mining with.
It's not a "it's more" or "it's less" flat out truth for all, especially since the profitability on all 3 has been pretty close for the last week or so.
As for my power - it's all (or nearly all) hydro, and 100% renewable, where I'm at.
BTW - I'm still giggling occasionally at the idea of "AMD" or "NVidia" propping up the ZEC market. Mining cards might be a noticeable percentage of their market, but AT THIS TIME they're probably moving about every chip they CAN build as it is - the extra *maybe* 1% additional cards sales due to mining taking a big (by mining standards) jump isn't at all likely to be worthwhile to them when they're already selling bloody near every chip they can get out of available foundry capacity.
Keep in mind that NEITHER have put out any new "budget" level cards yet - that's where the BIG number of sales happen, along with "on-board" chipsets for low-level laptops and entry-level machines (though APUs seem to be taking over most of that market of late).
AMD also has next year's launch of the "Zen" series 14/16nm CPUs and APUs to keep the foundry capacity available to them overloaded.
ZEC still more profitable than ETC or ETH. not sure where these people are getting there calculations at. :-)
ETC/ETH are more better for mining
http://www.reactiongifs.com/r/leowtf.gif
ETC/ETH burn through power (and most other crypto that has a PoW component), they might be more profitable, but at what cost to the environment? (unless you're running the entire operation on Off-Grid Solar, or another clean energy source.)
Profitability goes down - ETC/ETH are more better for mining
No stability in this world
No stability in this world
how i see it , it's not over till it's over and it's not over yet . it's gonna keep going up and down for a while . how long no idea . some say a month or two but well see, i keep mining Zec. low or high .!! with ETH thrown in for a few hours @ a time not because ZEC drops down, i switch off a few cards to eth when it gets better etc and back to mining ZEC as needed.
If you switch when the ZEC is more profitable, but the payment takes a while, so when it hits the exchange, the price could be lower.
Could you be a little more short term please.
( Just kidding ) how i see it , it's not over till it's over and it's not over yet . it's gonna keep going up and down for a while . how long no idea . some say a month or two but well see, i keep mining Zec. low or high .!! with ETH thrown in for a few hours @ a time not because ZEC drops down, i switch off a few cards to eth when it gets better etc and back to mining ZEC as needed.
If you switch when the ZEC is more profitable, but the payment takes a while, so when it hits the exchange, the price could be lower.
I could bump to 3000 watts with cold weather. But my power is 12.7 cents in the winter the heat has about 2.7 cent value
So I am a 10 cent guy in house.
So I am a 10 cent guy in house.
You must have competitive access to natural gas. Did I read you are in the NJ area? Cheap natural gas also makes for cheap wholesale power. See http://pjm.com/. That usually leads to lower retail rates; a guy from PA with a small ETH farm told me he was paying ~5c/kWh. Even if he left out taxes & meter fees, that should be not much more than 6c.
I'm in Atlantic Canada and pay the equivalent of US 12c/kWh. Electricity and oil are the main winter heat sources around here, and in the few places natural gas is available it's no cheaper than oil for heating. That means means for about 4 months of the year my effective cost for electricity after deducting the heat value is 6c/kWh.
ZEC and Ethereum will level out to be about even profit wise, you will always have a large group of people jumping ship from one to another causing an imbalance between the 2,
My predictions from a few days after Zcash launched were it will come down to meet Ethereum, Why? Because when it's more profitable, everyone leaves to mine it, flooding the market, dropping price, less demand for buyers and more sellers just selling at market value chunking into the buy orders to offload coins. Simple supply and demand.
Once price drops, people switch back to Ethereum when it once again becomes more profitable, swinging the balance once again, George of the Jungle comes to mind!
All in all, Zcash of course will drop in price, it will continue to drop as the block rate keeps increasing. It's block rate started low and is increasing, hence more coins are available, you can't expect more and more coins to be rewarded each block and price to remain at the same values, just won't happen.
Either way, it opens up a longer period of mining for all GPU users Be happy.
My predictions from a few days after Zcash launched were it will come down to meet Ethereum, Why? Because when it's more profitable, everyone leaves to mine it, flooding the market, dropping price, less demand for buyers and more sellers just selling at market value chunking into the buy orders to offload coins. Simple supply and demand.
Once price drops, people switch back to Ethereum when it once again becomes more profitable, swinging the balance once again, George of the Jungle comes to mind!
All in all, Zcash of course will drop in price, it will continue to drop as the block rate keeps increasing. It's block rate started low and is increasing, hence more coins are available, you can't expect more and more coins to be rewarded each block and price to remain at the same values, just won't happen.
Either way, it opens up a longer period of mining for all GPU users
Be happy.
same in Maryland but here we can pick who we buy the power from but have to stay with the company that disturbs the power and mine is with fees 11 some changes so id say 12 cents if you let the power company do it all it cost even more 14 to 15 cent per kwh with fees direct from the Power company but without fees for the next year 7.60 cents per Kwh. no peak hours, fixed price no matter how much i use .the real power company is the one that disturbs the power not the suppliers in Maryland.
I could bump to 3000 watts with cold weather. But my power is 12.7 cents in the winter the heat has about 2.7 cent value
So I am a 10 cent guy in house.
So I am a 10 cent guy in house.
You must have competitive access to natural gas. Did I read you are in the NJ area? Cheap natural gas also makes for cheap wholesale power. See http://pjm.com/. That usually leads to lower retail rates; a guy from PA with a small ETH farm told me he was paying ~5c/kWh. Even if he left out taxes & meter fees, that should be not much more than 6c.
I'm in Atlantic Canada and pay the equivalent of US 12c/kWh. Electricity and oil are the main winter heat sources around here, and in the few places natural gas is available it's no cheaper than oil for heating. That means means for about 4 months of the year my effective cost for electricity after deducting the heat value is 6c/kWh.
how i see it , it's not over till it's over and it's not over yet . it's gonna keep going up and down for a while . how long no idea . some say a month or two but well see, i keep mining Zec. low or high .!! with ETH thrown in for a few hours @ a time not because ZEC drops down, i switch off a few cards to eth when it gets better etc and back to mining ZEC as needed.
The problem is that there are WAY TOO MANY Tom, Dick, and Harrys that are getting involved with mining.
First they start off with 1 GPU and make money, and then next month they get an entire rig, and in 3 months they max out their house's power by filling it up with 30-40 GPUs.
All this causes the difficulty to rise, and makes mining very unprofitable for everybody.
Right now ETH + ZEC miners revenue daily is slightly below $600,000. Which means for constant profit with constant difficulty there needs to be $600,000 of buyers of ZEC + ETH to keep everything stable.
I also think if BTC breaks the all time barrier of ~$1100 or so then it will be a great time for mining in general. But I am worried like most here and that 2017 will become like 2015 with mining being hardly profitable.
It's just part of the game, I've been mining for a few months only myself, but in the process I've learned quite a few things in trading and hardware optimization, it's been really fun. Also, most home miners don't have immense budgets and end up with maybe 2-3 rigs max, I doubt that this really makes that much of a difference against farms with hundreds of rigs.First they start off with 1 GPU and make money, and then next month they get an entire rig, and in 3 months they max out their house's power by filling it up with 30-40 GPUs.
All this causes the difficulty to rise, and makes mining very unprofitable for everybody.
Right now ETH + ZEC miners revenue daily is slightly below $600,000. Which means for constant profit with constant difficulty there needs to be $600,000 of buyers of ZEC + ETH to keep everything stable.
I also think if BTC breaks the all time barrier of ~$1100 or so then it will be a great time for mining in general. But I am worried like most here and that 2017 will become like 2015 with mining being hardly profitable.
i think you are wrong, those average joe, are not 1-2 person, they are hundred/thousand, so thounsand of random guys with 1-3 rig, will make a difference for sure
The guys with free electricity at home will make the big farms unprofitable. There are thousands of them.
free electricity at home? by the thousands? Who are they?
Free in that rent pays power. So setting up a four card rig of zec pulls 400 watts for 500H (under-clock under-volt)
I am sure the 3000 people in the world could do this. 3000 x 500 = 1,500,000 H
that is about ?% of network 23,092,298
1,500,000/23,092,298 = 6.49%
In my house I run 2400H using about 2000 watts.
I could bump to 3000 watts with cold weather. But my power is 12.7 cents in the winter the heat has about 2.7 cent value
So I am a 10 cent guy in house.
The problem is that there are WAY TOO MANY Tom, Dick, and Harrys that are getting involved with mining.
First they start off with 1 GPU and make money, and then next month they get an entire rig, and in 3 months they max out their house's power by filling it up with 30-40 GPUs.
All this causes the difficulty to rise, and makes mining very unprofitable for everybody.
Right now ETH + ZEC miners revenue daily is slightly below $600,000. Which means for constant profit with constant difficulty there needs to be $600,000 of buyers of ZEC + ETH to keep everything stable.
I also think if BTC breaks the all time barrier of ~$1100 or so then it will be a great time for mining in general. But I am worried like most here and that 2017 will become like 2015 with mining being hardly profitable.
It's just part of the game, I've been mining for a few months only myself, but in the process I've learned quite a few things in trading and hardware optimization, it's been really fun. Also, most home miners don't have immense budgets and end up with maybe 2-3 rigs max, I doubt that this really makes that much of a difference against farms with hundreds of rigs.First they start off with 1 GPU and make money, and then next month they get an entire rig, and in 3 months they max out their house's power by filling it up with 30-40 GPUs.
All this causes the difficulty to rise, and makes mining very unprofitable for everybody.
Right now ETH + ZEC miners revenue daily is slightly below $600,000. Which means for constant profit with constant difficulty there needs to be $600,000 of buyers of ZEC + ETH to keep everything stable.
I also think if BTC breaks the all time barrier of ~$1100 or so then it will be a great time for mining in general. But I am worried like most here and that 2017 will become like 2015 with mining being hardly profitable.
i think you are wrong, those average joe, are not 1-2 person, they are hundred/thousand, so thounsand of random guys with 1-3 rig, will make a difference for sure
The guys with free electricity at home will make the big farms unprofitable. There are thousands of them.
free electricity at home? by the thousands? Who are they?
The problem is that there are WAY TOO MANY Tom, Dick, and Harrys that are getting involved with mining.
First they start off with 1 GPU and make money, and then next month they get an entire rig, and in 3 months they max out their house's power by filling it up with 30-40 GPUs.
All this causes the difficulty to rise, and makes mining very unprofitable for everybody.
First they start off with 1 GPU and make money, and then next month they get an entire rig, and in 3 months they max out their house's power by filling it up with 30-40 GPUs.
All this causes the difficulty to rise, and makes mining very unprofitable for everybody.
Oh yes! This is to be contrasted with the self sacrifice, the Noblesse Oblige, the honorable intentions of the commercial miners who have no goal but to further crypto currencies to an exalted future, mere peasant concerns with financial gain be damned.
The problem is that there are WAY TOO MANY Tom, Dick, and Harrys that are getting involved with mining.
First they start off with 1 GPU and make money, and then next month they get an entire rig, and in 3 months they max out their house's power by filling it up with 30-40 GPUs.
All this causes the difficulty to rise, and makes mining very unprofitable for everybody.
Right now ETH + ZEC miners revenue daily is slightly below $600,000. Which means for constant profit with constant difficulty there needs to be $600,000 of buyers of ZEC + ETH to keep everything stable.
I also think if BTC breaks the all time barrier of ~$1100 or so then it will be a great time for mining in general. But I am worried like most here and that 2017 will become like 2015 with mining being hardly profitable.
It's just part of the game, I've been mining for a few months only myself, but in the process I've learned quite a few things in trading and hardware optimization, it's been really fun. Also, most home miners don't have immense budgets and end up with maybe 2-3 rigs max, I doubt that this really makes that much of a difference against farms with hundreds of rigs.First they start off with 1 GPU and make money, and then next month they get an entire rig, and in 3 months they max out their house's power by filling it up with 30-40 GPUs.
All this causes the difficulty to rise, and makes mining very unprofitable for everybody.
Right now ETH + ZEC miners revenue daily is slightly below $600,000. Which means for constant profit with constant difficulty there needs to be $600,000 of buyers of ZEC + ETH to keep everything stable.
I also think if BTC breaks the all time barrier of ~$1100 or so then it will be a great time for mining in general. But I am worried like most here and that 2017 will become like 2015 with mining being hardly profitable.
i think you are wrong, those average joe, are not 1-2 person, they are hundred/thousand, so thounsand of random guys with 1-3 rig, will make a difference for sure
The guys with free electricity at home will make the big farms unprofitable. There are thousands of them.
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