Are you kidding me?
- Nobody knows how many coins are in existence
- We only have the word of the "devs" that everything is hunky dory
- We only have their word that a certain amount got premined
- Some real devs I talked to said, that it has fundamental flaws
- They said, its already compromised and broken
- They said everybody could instamine as many coins as they want
Nevertheless, I'm mining it on Nicehash for BTC and my rig never made that much.
Certainly I don't want to own any of that shit, though. Could evaporate any second.
I mined on nicehash all night on three rigs and got zilch - loads of shares but zilch in zec.
However - apart from the 'real' devs who you talked to who said it is 'compromised & broken' many others disagree.
All the risk & trust is a one time event and is now set in motion. It's unlike the central banks who can interfere with currency to suit their whim. The team have roots deep into academia and blockchain tech and you cannot accuse them of rushing this project!
It looks like mining will be only profitable for botnets - especially when the higher rewards start kicking in - but that doesn't change the fundamentals. Do you trust Central Banksters or do you trust the honesty and diligence of the Zcash team?
