ASIC Mining Destroying future value ZCash - ZCash (ZEC) has made a big announcement, and miners are not impressed at all. They have announced that Bitmain has released ASIC miners that can be used to mine ZCash. In various forums, miners seem to take up arms against this. The most cited reason is that, this will concentrate mining power in some big companies. With such a move, ZCash can end up like bitcoin where the mining power is concentrated in the hands of several mining companies. The only difference is that bitcoins already have very high volumes, making it more difficult for any entity to manipulate the price. For low cap crypto like ZCash, price manipulation will be very easy with centralized mining.