Thoughts on Zcash? - page 37. | Bitcointalksearch.org

Etanllah

sr. member

Activity: 426

Merit: 250

Quote from: Videodrome on November 04, 2016, 10:16:25 AM

Quote from: Cavin.Me on November 04, 2016, 06:15:56 AM

Quote from: Mogul59 on November 04, 2016, 03:26:12 AM

coin shows its true value on poloniex

True value is determined through cost of mining. I have a 10 Sol/s contract for 4 months with www.Zcash-Miner.com which costs me 0.125 BTC. I am mining since Genesis block and mined 0.01047092 ZEC so far. So, true value of 1 ZEC right now should be 0.125/0.01047092, i.e. 11.93782399 BTC. As more coins are mined, true value is expected to go down and settle at 1 BTC. Whatever value is shown right now on various exchanges are result of trading.

this miner web site is a scam and those people are spamming the board with this type of message.

I've tried mining contracts before and its almost impossible to get profit from them. Which begs the question, if it was profitable why wouldn't the mining site just keep the currency and profit that way?

Genesis-mining is a legitimate mining site but looking at the cost of their zCash mining contract it would take the full year to make your money back. And if zcash's price tanks, you'd really be screwed.

Etanllah

sr. member

Activity: 426

Merit: 250

So, there's no way zcash keeps it's current value right? As has already been mentioned, there will be more zcash coming into the wild which will probably bring the value down a little bit.

What price is a good price to get in though? If it drops below 0.5 BTC is that a good time to get in?

Videodrome

hero member

Activity: 588

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Free Julian Assange

Quote from: Cavin.Me on November 04, 2016, 06:15:56 AM

Quote from: Mogul59 on November 04, 2016, 03:26:12 AM

coin shows its true value on poloniex

True value is determined through cost of mining. I have a 10 Sol/s contract for 4 months with www.Zcash-Miner.com which costs me 0.125 BTC. I am mining since Genesis block and mined 0.01047092 ZEC so far. So, true value of 1 ZEC right now should be 0.125/0.01047092, i.e. 11.93782399 BTC. As more coins are mined, true value is expected to go down and settle at 1 BTC. Whatever value is shown right now on various exchanges are result of trading.

this miner web site is a scam and those people are spamming the board with this type of message.

LLec

hero member

Activity: 798

Merit: 501

Didn't know that this zcash was around for so long from when this post was created.
Just heard about it a week ago so it must be getting some notiriaity.

dinofelis

hero member

Activity: 770

Merit: 629

Quote from: Cavin.Me on November 04, 2016, 06:15:56 AM

True value is determined through cost of mining.

No, that's backward. The cost of production of something doesn't determine its value. If I dig deep holes in the morning, and fill them up in the afternoon, and spend $10 000,- on that, then these filled holes aren't worth $ 10 000,-.

With mining, normally, the cost of mining is the dependent variable as miners join (and increase difficulty, and hence cost of mining) as long as it is profitable, which depends on the price of the currency (and the amount of block reward). So the cost of mining is a consequence of the market value, and not the other way around.

If tomorrow, and for the years to come, bitcoin's price would fall to $10,-, then the mining costs will also drop by a factor of 70, and the difficulty will go down accordingly.

yefi

legendary

Activity: 2842

Merit: 1511

Quote from: Atmintan on November 03, 2016, 03:02:27 PM

When there is enough supply in a few months, the ZEC price will reduce to between 0.1 to 1 bitcoin.

A bit optimistic? It's in that range now and there'll be around 100 times more coins in a few months.

Quote from: Cavin.Me on November 04, 2016, 06:15:56 AM

True value is determined through cost of mining. I have a 10 Sol/s contract for 4 months with www.Zcash-Miner.com which costs me 0.125 BTC. I am mining since Genesis block and mined 0.01047092 ZEC so far. So, true value of 1 ZEC right now should be 0.125/0.01047092, i.e. 11.93782399 BTC. As more coins are mined, true value is expected to go down and settle at 1 BTC. Whatever value is shown right now on various exchanges are result of trading.

Your calculation needs to be prorated. It is pointless in any case, as market value determines the cost of mining not the reverse.

ccminer.net

sr. member

Activity: 595

Merit: 251

Quote from: btcmerich on November 04, 2016, 07:51:00 AM

We all know there will always be a time when you will be a bagholder when you trade alt coins. But mostly your holding will be 10-even 1000 times bigger then the BTC balance you paid . But with zcash we have alot of people who paid 2-3 btc per 1 zcash. so they sit and look at the 1 zcash balance they have

that can not feel good. what you guys think the bottom for this bullshit coin is? i sa 0.002-0.004

it is is true that the anonimity function do not work for real, the devs get a 20% fee on all the blocks mined and there are govs behind this shit I would say that the real price in crypto world must be 0.00 BTC

btcmerich

sr. member

Activity: 339

Merit: 250

We all know there will always be a time when you will be a bagholder when you trade alt coins. But mostly your holding will be 10-even 1000 times bigger then the BTC balance you paid . But with zcash we have alot of people who paid 2-3 btc per 1 zcash. so they sit and look at the 1 zcash balance they have

that can not feel good. what you guys think the bottom for this bullshit coin is? i sa 0.002-0.004

Cavin.Me

newbie

Activity: 44

Merit: 0

Quote from: Mogul59 on November 04, 2016, 03:26:12 AM

coin shows its true value on poloniex

True value is determined through cost of mining. I have a 10 Sol/s contract for 4 months with www.Zcash-Miner.com which costs me 0.125 BTC. I am mining since Genesis block and mined 0.01047092 ZEC so far. So, true value of 1 ZEC right now should be 0.125/0.01047092, i.e. 11.93782399 BTC. As more coins are mined, true value is expected to go down and settle at 1 BTC. Whatever value is shown right now on various exchanges are result of trading.

ReckLess.6

jr. member

Activity: 44

Merit: 16

Quote from: Dabs on November 03, 2016, 01:17:52 PM

You don't need a new coin to "anonymize" your bitcoins. There's coin join, join market, coin shuffle, confidential transactions, and the usual mixers, laundries, and any shared wallets (exchanges, game sites). Anonymity is so overrated.

Not to forget the latest TumbleBit either.

https://eprint.iacr.org/2016/575.pdf

Mogul59

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Merit: 11

coin shows its true value on poloniex

classicsucks

hero member

Activity: 686

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Bitcoin Uncensored hosts trashed this coin before the launch. They are bozos, but most of their critique is spot on: (fast forward to 1:00:00)

http://bitcoinist.net/bitcoin-uncensored-zcash-andreas/

Might need to listen to these guys more often...

ratatatat

full member

Activity: 144

Merit: 100

Quote from: milewilda on November 04, 2016, 01:40:33 AM

Quote from: ratatatat on November 04, 2016, 12:17:34 AM

Quote from: jeffthebaker on November 03, 2016, 11:51:42 PM

I don't like it, I don't like anything about it. I first heard mention of it through a Reddit ad, in which it was solely advertised as "5x increase in price since launch". I will absolutely never put money into it. It's too late to make profit on it anyways.

Bitmex offer future contracts. You can short it. People are making money on that i hear.

You could actually make money on doing short trades with zcash especially on poloniex i saw the price which is about 1btc+ as far as i can see. Short trades would be better to make profits but you would really need some money to put on because if you just putting up small amounts it would be useless on rolling your money. Trust me. This coin would definitely dump on the long run. As you can see on the previous price rise then suddenly dumped to 1btc.. Well we still dont know ,

Polo has margintrading not enabled. This means you need to go long to sell higher which is a fools game at this point.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: ratatatat on November 04, 2016, 12:17:34 AM

Quote from: jeffthebaker on November 03, 2016, 11:51:42 PM

I don't like it, I don't like anything about it. I first heard mention of it through a Reddit ad, in which it was solely advertised as "5x increase in price since launch". I will absolutely never put money into it. It's too late to make profit on it anyways.

Bitmex offer future contracts. You can short it. People are making money on that i hear.

You could actually make money on doing short trades with zcash especially on poloniex i saw the price which is about 1btc+ as far as i can see. Short trades would be better to make profits but you would really need some money to put on because if you just putting up small amounts it would be useless on rolling your money. Trust me. This coin would definitely dump on the long run. As you can see on the previous price rise then suddenly dumped to 1btc.. Well we still dont know ,

ratatatat

full member

Activity: 144

Merit: 100

Quote from: jeffthebaker on November 03, 2016, 11:51:42 PM

I don't like it, I don't like anything about it. I first heard mention of it through a Reddit ad, in which it was solely advertised as "5x increase in price since launch". I will absolutely never put money into it. It's too late to make profit on it anyways.

Bitmex offer future contracts. You can short it. People are making money on that i hear.

jeffthebaker

legendary

Activity: 1526

Merit: 1034

I don't like it, I don't like anything about it. I first heard mention of it through a Reddit ad, in which it was solely advertised as "5x increase in price since launch". I will absolutely never put money into it. It's too late to make profit on it anyways.

Dabs

legendary

Activity: 3416

Merit: 1912

The Concierge of Crypto

Ehhhh... it's not true top secret privacy or anonymity.... but for all intents and purposes all of them have some advantage.

And I just read that article, it doesn't say anything to explain how what I've mentioned don't work. They all work, you just need to know how to use them "properly" and not be stupid, like the owner of kick ass torrents, (used coinbase as his wallet.)

hyc

member

Activity: 88

Merit: 16

Quote from: FrannWilder on November 03, 2016, 08:13:43 PM

Quote from: Dabs on November 03, 2016, 01:17:52 PM

You don't need a new coin to "anonymize" your bitcoins. There's coin join, join market, coin shuffle, confidential transactions, and the usual mixers, laundries, and any shared wallets (exchanges, game sites). Anonymity is so overrated.

Indeed we already have a lot of options we can take these days so why would we need it, I think its just not needed these days...
Maybe in the future when its more known or something.

Unfortunately the majority of those options don't actually work. I.e., they don't give you anonymity or privacy.

https://www.cryptocoinsnews.com/govt-realized-bitcoin-not-shut-says-u-s-federal-prosecutor/

The only one that actually works, here and now, and into the future, is XMR.

FrannWilder

member

Activity: 81

Merit: 10

Quote from: Dabs on November 03, 2016, 01:17:52 PM

You don't need a new coin to "anonymize" your bitcoins. There's coin join, join market, coin shuffle, confidential transactions, and the usual mixers, laundries, and any shared wallets (exchanges, game sites). Anonymity is so overrated.

Indeed we already have a lot of options we can take these days so why would we need it, I think its just not needed these days...
Maybe in the future when its more known or something.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: neguinho on November 03, 2016, 04:45:48 PM

Here mining cloud https://www.zerocashcloud.com/?ref=13

LOL, requires JS.

Topic: Thoughts on Zcash? - page 37. (Read 123362 times)