Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ZEN] ZenCash: Private, Secure, Resilient CryptoCurrency with zk-SNARKs
by
Etherion
on 04/05/2018, 21:14:06 UTC

What's ZenCash team point of view on the new Antminer Z9 mini Equihash miner (10,000 Sol/s  @  300w for 1,999 USD )

https://shop.bitmain.com/product/detail?pid=00020180503154806494uGcSyiu806FD
We are monitoring and evaluation next steps. We don't have an official statement at this moment.

https://www.youtube.com/watch?v=urFBTcSuKlk&t=550s
Start watching this video at 36th minute, Rolf did really good clarifications...

wow, that was both sad and pathetic. What a coward...

XMR did the right thing and I just dont understand why ZEN wont do the same thing.
No, he was realistic, no one is safe from ASIC, it is matter of time.. Rolf is also middle sized miner, don't forget this.
We are monitoring and evaluation next steps. We don't have an official statement at this moment.


forget about the smalltime gpu miners. They are screwed regardless of asic or not. Its about the philosophy of Zen. Diversity throughout the network is key to resilience. If Zen allows there consensus mechanism to be undermined it will threaten all other elements of the coin. If there is a bug, exploited or backdoor in a miners than it provides an attack vector. Think about a disease hitting a homogeneous population that has little resistance to that disease. That population will become extinct if the disease is lethal. But if the population has diversity then some will be affected but others will be resistant. GPU miners provided a very diverse group that support the consensus mechanism. Some use Linux other windows. Some use Nivida others AMD and there is a verity of equihash software out now.  if Zen does not see the threat then they should suffer the consequences.

Etherium is in a totally different position. The ASIC from Bitmain is not a thread as it is not better than a GPU at the moment. So adds more diversity but that will not remain the case for long. Zen is not so lucky as with Monero the Z3 is a game changer and will dominate the network in a short time.