Looking like the ZEC party is over - page 6.

h311m4n

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Activity: 487

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Quote from: QuintLeo on November 20, 2016, 09:48:35 PM

Quote from: olcaytu2005 on November 20, 2016, 07:34:15 PM

Nothing behind for ether either, its potential is honestly bigger than any crypto out there. Wink

At this point, the ONLY cryptocoin that can honestly say "we will survive for the long term" is Bitcoin - nothing else is even on the same PLANET much less in the same ballpark when it comes to market adoption by merchants, and without that there is NO staying power possible for the long term no matter how "technically superior" a coin might be.

I am very strongly reminded of the Beta vs VHS wars - Beta was hands down technicall superior, but VHS was "good enough" and far better marketed and had much more widespread adoption and support, so Beta died after some years of competition.

Yup, couldn't agree more. ZEC was a miner's dream, but it's still young and got stupidly overhyped. Its launch was a complete letdown with the slow start, then there's the 20% founder's reward and the block reward that will increase soon. Not to mention the complete lack of any sort of appropriate mining software on launch day. Every one here spent countless hours getting Genoil's to work correctly.

I want to believe that ZEC will rise from it's ashes, but currently, it's not looking like it will grow back. If you can afford to hold a few ZECs with the absolute belief it will, then go for it, but I still need to pay for electricity. I make more ZECs a day now people start to leave (I'm at 0.15 for 12h, before it was about 0.12) so in theory, I'm making about 13.2$ a day, which is more than what I would achieve on ETH, thanks to the fact that zec needs less power to mine and i have optimized the shit out of my cards. I guess i'll keep a few ZECs to see what happens, but I'm not too optimistic...

agente

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Activity: 239

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Quote from: Amph on November 21, 2016, 02:41:33 AM

notice how the party is over for every altcoin, the overall profitability is declining each day and the hashrate increase, i think we are going to get another "2015 year", with very low profit if you only have 5 cent electricity

Fully agree.
Alternative coins need something with real demand like Bitcoin. ZEC need to work in implementation with e-commerce sites / plugin /api to growing the demand and stabilize the price. If don't do that we (miners with > 0.10 per kw) are going to die slowly.

BTW it's not a problem.. I'm doing more money with AMD and NVIDIA stocks that mining

Amph

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Activity: 3248

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notice how the party is over for every altcoin, the overall profitability is declining each day and the hashrate increase, i think we are going to get another "2015 year", with very low profit if you only have 5 cent electricity

kisk

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Activity: 126

Merit: 100

Quote from: QuintLeo on November 20, 2016, 09:48:35 PM

Quote from: olcaytu2005 on November 20, 2016, 07:34:15 PM

Nothing behind for ether either, its potential is honestly bigger than any crypto out there. Wink

At this point, the ONLY cryptocoin that can honestly say "we will survive for the long term" is Bitcoin - nothing else is even on the same PLANET much less in the same ballpark when it comes to market adoption by merchants, and without that there is NO staying power possible for the long term no matter how "technically superior" a coin might be.

I am very strongly reminded of the Beta vs VHS wars - Beta was hands down technicall superior, but VHS was "good enough" and far better marketed and had much more widespread adoption and support, so Beta died after some years of competition.

BTC vs ETH/ZEC is nothing close to Beta vs VHS in terms of functionality. They're two completely different ideas built on the blockchain. Yes BTC is here to stay but right now its just a currency. Ethereum type implementations using blockchain totally has a future as well.

Biodom

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Quote from: philipma1957 on November 20, 2016, 08:52:26 PM

Quote from: Za1n on November 20, 2016, 06:20:14 PM

Quote from: philipma1957 on November 20, 2016, 05:46:03 PM

Quote from: Raja_MBZ on November 20, 2016, 06:33:25 AM

Every altcoin pro knew this was going to happen, it's not like it's all over for miners, it'd still remain just fine to mine it as it's mining profitability would match the Ethereum in future as well.

Miners just got another option... and it'd not be useless any sooner.

Solid post.

Here are my stats. For last 3 days about .999 Zec earned let's say it all sold at 0.082 btc

That would give me .082 btc which is close to 60 usd .

My power used was 2 kwatt that is 144 for 3 days. Power is .127 a kwatt but the heat warms the home

So make it 10 cents.

So my power used was 14.40 my coin earned was 60.

I made about 45 for the last 3 days.

Most people posting against Zec in this thread are attempting to trick people into. Not expanding mining.

If you understand the math here. Intel AMD and Nvidia can simply buy one or two million usd in Zec coins causing price to go over .100 btc.

Would be a cheap easy commercial for them.

How many of us would expand their setups if Zec moves over .100 btc

All of us might do that.

I made most of my money mining Eth not when it was trading > $10.00, but back when I could mine several hundred of them in a day. By the time it was trading high the gold rushers were here and you could only mine a fraction of what was possible before. With ZEC it appears to be in reverse, so the opportunity is still ahead of us and not behind as is now with ETH.

I agree that zec should take off not eth

simply based on the market cap 3-5 million for zec 800 mill for eth

both coins exist because asic buiders own btc .

We miners like gpu mining because the gear is from real companies.

Intel
AMD
Nvidia

Sapphire
Evga
XFX
Powercolor
Visiontex
HIS
Asus
Gigabyte
Biostar
Asrock
Corsair
Seasonic
Silverstone
Rosewill

All of the above stand to gain with zec going up in price.

I look for zec to go back over .1 maybe a lot higher. .2 or .3 are possible.

I am not selling ZEC for $60. In fact, it it gets to around 50, i would probably buy some outright.
It is probably OK to keep mining some eth so you can get income when it goes POS, then there will be ASIC mining with btc, GPU mining with zec and POS (capital mining) with eth. Nice diversification.

QuintLeo

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Activity: 1498

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Quote from: olcaytu2005 on November 20, 2016, 07:34:15 PM

Nothing behind for ether either, its potential is honestly bigger than any crypto out there. Wink

At this point, the ONLY cryptocoin that can honestly say "we will survive for the long term" is Bitcoin - nothing else is even on the same PLANET much less in the same ballpark when it comes to market adoption by merchants, and without that there is NO staying power possible for the long term no matter how "technically superior" a coin might be.

I am very strongly reminded of the Beta vs VHS wars - Beta was hands down technicall superior, but VHS was "good enough" and far better marketed and had much more widespread adoption and support, so Beta died after some years of competition.

philipma1957

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'The right to privacy matters'

Quote from: Za1n on November 20, 2016, 06:20:14 PM

Quote from: philipma1957 on November 20, 2016, 05:46:03 PM

Quote from: Raja_MBZ on November 20, 2016, 06:33:25 AM

Every altcoin pro knew this was going to happen, it's not like it's all over for miners, it'd still remain just fine to mine it as it's mining profitability would match the Ethereum in future as well.

Miners just got another option... and it'd not be useless any sooner.

Solid post.

Here are my stats. For last 3 days about .999 Zec earned let's say it all sold at 0.082 btc

That would give me .082 btc which is close to 60 usd .

My power used was 2 kwatt that is 144 for 3 days. Power is .127 a kwatt but the heat warms the home

So make it 10 cents.

So my power used was 14.40 my coin earned was 60.

I made about 45 for the last 3 days.

Most people posting against Zec in this thread are attempting to trick people into. Not expanding mining.

If you understand the math here. Intel AMD and Nvidia can simply buy one or two million usd in Zec coins causing price to go over .100 btc.

Would be a cheap easy commercial for them.

How many of us would expand their setups if Zec moves over .100 btc

All of us might do that.

I made most of my money mining Eth not when it was trading > $10.00, but back when I could mine several hundred of them in a day. By the time it was trading high the gold rushers were here and you could only mine a fraction of what was possible before. With ZEC it appears to be in reverse, so the opportunity is still ahead of us and not behind as is now with ETH.

I agree that zec should take off not eth

simply based on the market cap 3-5 million for zec 800 mill for eth

both coins exist because asic buiders own btc .

We miners like gpu mining because the gear is from real companies.

Intel
AMD
Nvidia

Sapphire
Evga
XFX
Powercolor
Visiontex
HIS
Asus
Gigabyte
Biostar
Asrock
Corsair
Seasonic
Silverstone
Rosewill

All of the above stand to gain with zec going up in price.

I look for zec to go back over .1 maybe a lot higher. .2 or .3 are possible.

olcaytu2005

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Activity: 1470

Merit: 1024

Nothing behind for ether either, its potential is honestly bigger than any crypto out there. Wink

Za1n

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Activity: 1078

Merit: 1011

Quote from: philipma1957 on November 20, 2016, 05:46:03 PM

Quote from: Raja_MBZ on November 20, 2016, 06:33:25 AM

Every altcoin pro knew this was going to happen, it's not like it's all over for miners, it'd still remain just fine to mine it as it's mining profitability would match the Ethereum in future as well.

Miners just got another option... and it'd not be useless any sooner.

Solid post.

Here are my stats. For last 3 days about .999 Zec earned let's say it all sold at 0.082 btc

That would give me .082 btc which is close to 60 usd .

My power used was 2 kwatt that is 144 for 3 days. Power is .127 a kwatt but the heat warms the home

So make it 10 cents.

So my power used was 14.40 my coin earned was 60.

I made about 45 for the last 3 days.

Most people posting against Zec in this thread are attempting to trick people into. Not expanding mining.

If you understand the math here. Intel AMD and Nvidia can simply buy one or two million usd in Zec coins causing price to go over .100 btc.

Would be a cheap easy commercial for them.

How many of us would expand their setups if Zec moves over .100 btc

All of us might do that.

I made most of my money mining Eth not when it was trading > $10.00, but back when I could mine several hundred of them in a day. By the time it was trading high the gold rushers were here and you could only mine a fraction of what was possible before. With ZEC it appears to be in reverse, so the opportunity is still ahead of us and not behind as is now with ETH.

jimmy_007vn

full member

Activity: 149

Merit: 100

Quote from: philipma1957 on November 20, 2016, 05:46:03 PM

Quote from: Raja_MBZ on November 20, 2016, 06:33:25 AM

Every altcoin pro knew this was going to happen, it's not like it's all over for miners, it'd still remain just fine to mine it as it's mining profitability would match the Ethereum in future as well.

Miners just got another option... and it'd not be useless any sooner.

Solid post.

Here are my stats. For last 3 days about .999 Zec earned let's say it all sold at 0.082 btc

That would give me .082 btc which is close to 60 usd .

My power used was 2 kwatt that is 144 for 3 days. Power is .127 a kwatt but the heat warms the home

So make it 10 cents.

So my power used was 14.40 my coin earned was 60.

I made about 45 for the last 3 days.

Most people posting against Zec in this thread are attempting to trick people into. Not expanding mining.

If you understand the math here. Intel AMD and Nvidia can simply buy one or two million usd in Zec coins causing price to go over .100 btc.

Would be a cheap easy commercial for them.

How many of us would expand their setups if Zec moves over .100 btc

All of us might do that.

What is your hashrate?

philipma1957

legendary

Activity: 4326

Merit: 8950

'The right to privacy matters'

Quote from: Raja_MBZ on November 20, 2016, 06:33:25 AM

Every altcoin pro knew this was going to happen, it's not like it's all over for miners, it'd still remain just fine to mine it as it's mining profitability would match the Ethereum in future as well.

Miners just got another option... and it'd not be useless any sooner.

Solid post.

Here are my stats. For last 3 days about .999 Zec earned let's say it all sold at 0.082 btc

That would give me .082 btc which is close to 60 usd .

My power used was 2 kwatt that is 144 for 3 days. Power is .127 a kwatt but the heat warms the home

So make it 10 cents.

So my power used was 14.40 my coin earned was 60.

I made about 45 for the last 3 days.

Most people posting against Zec in this thread are attempting to trick people into. Not expanding mining.

If you understand the math here. Intel AMD and Nvidia can simply buy one or two million usd in Zec coins causing price to go over .100 btc.

Would be a cheap easy commercial for them.

How many of us would expand their setups if Zec moves over .100 btc

All of us might do that.

Raja_MBZ

legendary

Activity: 1834

Merit: 1520

Every altcoin pro knew this was going to happen, it's not like it's all over for miners, it'd still remain just fine to mine it as it's mining profitability would match the Ethereum in future as well.

Miners just got another option... and it'd not be useless any sooner.

Maskedman

sr. member

Activity: 244

Merit: 250

Yeah, that was sure to happen. I've never been convinced that it would last very long as many people said it.

adaseb

legendary

Activity: 3808

Merit: 1723

Quote from: Dum3 on November 20, 2016, 03:38:05 AM

Of course it's over,every idiot in the world can buy some cards,read forums and make some money from fools.After all we are greedy fuckers searching for easiest way to make money.

This is probably the greatest post in this entire forum.

Caladonian

hero member

Activity: 1302

Merit: 540

Quote from: Dum3 on November 20, 2016, 03:38:05 AM

Of course it's over,every idiot in the world can buy some cards,read forums and make some money from fools.After all we are greedy fuckers searching for easiest way to make money.

saddest true most of us here really looking to take advantage and earn easily that's what happen to this coin miners use every advantage they have and invest with their devices then dumped it for some extra cash its really over because no one is really taking a risk to invest with this project.

Dum3

member

Activity: 75

Merit: 10

Of course it's over,every idiot in the world can buy some cards,read forums and make some money from fools.After all we are greedy fuckers searching for easiest way to make money.

Amph

legendary

Activity: 3248

Merit: 1070

it depend if clymore can really reach crazy speed like 300h/s on a 390, but everyone will increase his hash with that

surely it's not good to mine with nvidia, switched to etheruem some days ago

adaseb

legendary

Activity: 3808

Merit: 1723

Difff is already at 80T.

100T might be next week.

Yuuto

hero member

Activity: 644

Merit: 501

Quote from: nerdralph on November 19, 2016, 02:54:52 PM

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.

Mining profitability on ZEC has definitely decreased by a ton over the past few days because the first few days the block rewards in terms of Zcash is extremely low and slowly picking up speed.

Right now Zcash is not even at 0.1 BTC level, and I can see it drop through the floor very soon, to something like Ethereum's price right now before a small pump to over .1 BTC level.

ethereumhunter

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Activity: 2912

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Leading Crypto Sports Betting & Casino Platform

the party is over in just a week from the zec launch in poloniex and i don't think zec will be survive for long time like other coins. and i think for next profitable mining is for ethereum or ethereum classic and don't forget with monero since the price giving a good positive movements. let we see what happen in early december later.

Topic: Looking like the ZEC party is over - page 6. (Read 11111 times)