Topic: Poll: Zcash. Buyer's Remorse. (Perhaps I should not have got 2 rigs) lol :) (Read 3514 times)

I think the cards you bought in 2013, such as the AMD 7950 or 7970 are still making you money on the ZCash.

Bingo.

Two of the rigs I have were built originally to mine LTC back in 2013 or so? They ROI'd and then were switched to Feathercoin and then to a multipool for awhile. At some point GPU mining dried up and I turned them off for about a year. I eventually powered them back up mining feathercoin again and then Ether and now Zcash.

Its not as simple as mining BTC on an ASIC, set it and forget it, but if you dedicate time and effort into it then GPU mining can be profitable from time to time. Not everyone has the time to invest though.

GPU mining is all good.  Even if diff of the coin goes up 2x, and btc price goes down 2x, you are still making profit.  (considering a good electricity rate).  Plus you have the used value of the hardware.  Calculate 3-4 months, maybe up to 6 if you are really unlucky and the rigs are paid off. 

Well my bet is still the 'zcash' has 'legs' so to speak ..it will dump down to a level of say ETH and LTC eventually when there are enough coins (or below)

if at that point you decide to still mine it and hold that is your bet...if you decide to mine ETH or another coin that also is your bet

right now I'm shocked that at the slow start at 1/2 the block reward it is still around 95 bucks and has kinda gone sideways the last 3 days or so

so still kinda wondering where the bottom is on this coin

The main 'hope' I guess is if/when ETH goes POS coin..folk will come to this coin after the fact if not before

(still better then an asic at least I will have stuff I can sell and make a couple rigs out of it for my home use)...supposedly no 'doorstop' issues like asic equipment

but yeah...one rig would have been OK I guess in hindsight to play with and toy around with...er 2 rigs probably (er really) was overkill I guess

You worry too much. GPU mining didn't die off with Zcash. You just have to adapt.
It may not be as profitable as you first thought, but you'll get your ROI and profit too, just you need more patience.

Find another coin.
It's clear that the hype blinded you. How could you have thought that a coin so easy to mine will worth that much for long?
But, as somebody else said: at least you didn't buy Zcash . Your loss is not a loss, just an investment that can be recovered.

the hashrate and money will likely move to somethign else, like etheruem classic or zclassic or whatever any new thign will come out

the profit in those coins can not simply disappear it will re-arrange itself to a new beginning

i still remember when many were saying some months ago that after ethereum the mining scene would have been dead, look now you have other good options...

If you build a rig for Ethereum, then it will be useless for Ethereum within a year as it will be PoS by that time.

As far as the OP, I didnt build rigs for zcash. I did, however, build a little farm for Ether (a bit later into the hype than I should have but so be it). I mined Ether for awhile and then switched to zcash on day 1 and have been mostly there ever since. I do keep up with price and such and will switch back once the profitability dies. SOme pictures and specs here: http://forum.feathercoin.com/topic/8678/new-farm-setup/

A few days before the launch of Z-Cash I said this coin would go down as one of the most over hyped mine and dump coins this half of the year.

Seems more and more every day I am correct. Glad I put money into Stratis instead of Zcash 

Don't think so. No development at all. What they did is just remove 20% developer free from zcash and thought that everyone will just jump over to new coin. Well nah. Some (i hope everyone) people are looking at coin's future before they start with mining or invest in it

I don't understand why people would buy new equipment for a new coin when they already have suitable equipment.
It's not like buying a new dress for a big night out. Then again I don't like Kool-Aid either.

The ZClassic is just a copy cat. It is worse than the ZCash if it does not have proper development.

If you missed the Zcash train, there is another clone that just came...

[ANN] Zclassic, Zcash Fork No Premine, No 20% Founders Tax




thread:

https://bitcointalksearch.org/topic/ann-zclassic-zcash-fork-no-premine-no-20-founders-tax-1671982

exchanges:

https://c-cex.com/?p=zcl-btc
https://www.cryptopia.co.nz/Exchange/?market=ZCL_BTC



pools:

https://pool.mn/zclassic
https://www2.coinmine.pl/zcl
https://zclassic.miningpoolhub.com

and this is priced at what and where can you sell such?

(just saying so new that only person holding it is the zec classic satoshi who ported it...is that what we are talking about here?)

not a slam just find nothing on what you say ..google just shows zec current

Everybody is moving to mine zec classic.

I had thoughts on getting 2x GTX 1060's or RX 470's with the upped profits knowing I can move them to another script later but I could tell ZEC mining would tank

Even while it was profitable the block rewards were growing far slower than the price drop on the coin and the network dificulty was rising in a frenzy

The big reason the price dropped is the model We could have literally divided the price by 100 and multiplied the block reward by 100 and mining would be the same profit but less hype because everyone bought into the sticker price of a single coin. That combined with pure profitability made ZEC into a perfect pump and dump coin

I'm glad I did my mining with Nicehash and instant sold it while all the Suprnova people were basically losing value between the time of their shares and when they sold it

ZEC may someday get up in market cap and have its place as a top 10 crypto. The way I see it unlike BTC, LTC, and DASH it is not an ASIC coin so the mining is less centralized by mega whale farms. Unlike Monero, ZEC has optional transparency which makes it both viable as a darknet coin and a mainstream coin. Off hand I may be off with the details but isn't Monero and Dash both victim to large premines which arguably can be worse than the ZEC 20% mining tax by the devs? Lastly, it is clearly better with GPU's but it is still pretty good with CPU's which a CPU coin allows more people to just mine it making it even less centralized in hash power

Thing is the total supply of 21 million like BTC makes it in a seat to overtake BTC which is our established gold already. As for general currency, I do not think the public wants to adapt something we have to all count heaps of zero's down from the coin for every and all transactions. A coin where the total supply is much higher with a value per coin within the ranges we're familiar with in current fiat or that of a century ago before inflation is more ideal. Dash and Monero are not winning here either. So I basically see Zcash as the competitor to Dash and Monero while technically being more advanced to BTC but just too late to be gold in crypto

Time will tell. Maybe this will be our mining coin after ETH is POS


I intend to not invest into ZEC until the block reward has finally grown. It's only granted to decrease value as the reward grows and the supply is practically multiplying since it is still new.

I think zec might be a worthwhile coin to mine after we reach the full block reward.

But the way it is now, you mine your coins and by the time you sell them its worth wayy less.

Yup that's what I decided on Zcash launch day to use the Nicehash miner and just get paid in BTC since it ran in Windows.

Was such a waste of time modding and flashing all these bios's back and forth. Installing Ubuntu... then Windows ... then Ubuntu again.

I did the same apart from the R9 280X. They are more profitable to mine the ZCash than the Etherum.