Quote from: Videodrome on November 04, 2016, 02:16:25 PM

Quote from: Cavin.Me on November 04, 2016, 10:15:56 AM

Quote from: Mogul59 on November 04, 2016, 07:26:12 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.