Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Zclassic, Zcash Fork No Premine, No 20% Founders Tax
by
HaberHash
on 24/02/2018, 15:14:40 UTC
What will happen to ZClassic after the release of BTCP? In the initial thread, the answer to this is not knowing for sure.


While no one knows the future, history indicates massive drop after the fork as the total marketcap of a single coin before fork and 2 coins after fork are typically the same. The growth happens after that.

With BTCP ZCL mining fund paying people up to 5 BTCP for a single ZCL mined, it sound like there is a TON of premine in BTCP which means a ton of DUMP after the fork. So invest carefully in a coin that was less than $2 just 6 days ago. IF this is a true 1:1 fork, then how the FK do the pool owners pay out up to 5 BTCP for a single ZCL mined?

The donation pool is at 21087.5 of 50000 coins mined.  That means BTCP matches are already getting lower per coin mined.  Nobody is getting 5 BTCP for every 1 mined.

As of right now there are 2684 Miners / 6173 Workers and 52.52 MSol/s hash power dedicated to donating ZCL to make BTCP possible.  Personally I mined a couple of coins and now I'm back to pool mining elsewhere.  Since I'm not a big miner and don't have an opportunity to rack up tons of coins I thought it was smarter to donate during the first 20% then continue to mine ZCL elsewhere so I get 1.25% BTCP donated then 1ZCL + 1BTCP for the coins I mined elsewhere.

People mining now are just going to see the reward get smaller and smaller, which is unfortunate.  I think the reward system should have been setup in a different way, but I'm just one person.  I was glad to be able to donate the coins I could and now I'm looking forward to seeing what both ZCL and BTCP do in the coming weeks and months.