Post
Topic
Board Mining (Altcoins)
Re: Claymore's ZCash AMD GPU Miner v8.0
by
Red55555
on 06/12/2016, 15:56:14 UTC
I get back to ETH now..

Sad

hope V9 makes me get back to Zcash..

Why dont mine and hold, you dont have to sell at the time you mine, i mined a lot at price at 0.07 btc, and sell eveything on last pump  at 0.13, so just stop crying and wait

+1  Agreed - We miners are the cause of ZEC's price going down - stop selling so damned cheap!!! - list your mining rewards for what its worth. Don't just sell out.

This may be a stupid question but if every miner who uses claymore or visits this thread decided to form a price cartel - let´s say no selling under 100 dollars - wouldn´t that make the overall price go up only if we were actually able to sell it on that price? There would be still a lot of people selling it under priced, making people to only buy from them, while making the average exchange price still stay low. So what i´m trying to say here is that we would need to make the under priced zcash - sellers a minority, so they alone couldn´t supply the demand. Then the extra "leftover" demand either makes prices go up or the demand diminishes if the price is considered too high?

 While this is artificial, a real life use of zcash such as wide darknet adoption, online buying options or even a credit card adoption would make the prices go up naturally. Most of all Bitcoin (and therefore probably many other virtual currencies) are ruled to be VAT free in European Union: that might be a good stepping stone to make zcash purchases mainstream.

http[Suspicious link removed]mpt-from-vat-says-european-court-of-justice/

I´m an absolute noob when it comes to these issues so please do not judge me. i´m just throwing some points i´m been thinking of. Feel free to correct me.

Whilst a interesting thought the problem is the amount of people using others miners not to mention the private mining farms who are in it to make as much as they can as quickly as possible.

The amount using Claymore's miner probably make up a small amount of ZEC miners, plus getting everyone to go along with the idea would be a major headacahe to arrange.

As I stated in my earlier post there is no reason for the price to stay high right now. NO use for the coin plus the amount of people just dumping as they mine BECAUSE the price is continually going down is hitting the price hard.  plus the big mines have no intention of holding it, they mine like hell a coin until it not profitable anymore for them and them move on to the next coin released, buying a private mining program so they have a major speed head start from the outset

Good points here :/ Never thought of it like that. Maybe one would need an unlikely amount of percentage of the zcahsh hasrate in collaboration (maybe 50%)? Only pools can come together on those numbers. Maybe there should be nicehash -like system between the pools: The pools would sell the mined zcash on fixed (higher) prices on the market and share the profit with the miners proportionately to their hashrate. Therefore the prices should go up? the pool users would stay in the pools because their profits are much higher in this system? Pools can even horde some zcash capital and sell it when the time is "right" so the  supply isn´t higher than the demand. There could be an option for the miners to ask their profit on zcash but that wouldn´t be an automatic option. What do you think?