Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ZEN] Horizen: Bringing Privacy To Life [EX ZenCash]
by
MedaR
on 01/09/2018, 09:15:44 UTC

Are you serious some GPU miners will stay? I was a GPU miner until those z9 equihash ASICshit. I had 13 x GTX 1080ti  and 4 x GTX 1070(ti) on ZenCash. Do you honestly think I am still mining Zencash when I can do more on ETH or other coins? You are on the bottom of every coin calculators web sites when I calculate most profitable coins.

And by the way I bought a Z9 and I will NOT mine Horizen but Zcash.

But thanks, it was a very cool project until recently


Yeah it's a massive backflip. All the previous zencash/horizon articles have been about 'listening to the community' and 'researching asic resistant algorithms'. Then overnight it's like, oh, well ignore those articles, because we're staying an asic coin because you know, it takes a lot of time and energy to change algorithms.

I'm not an expert on how much work it takes to make algo changes, but with a 10 percent block reward going to development, they should be able to make it work.

Also, the team knows for a fact that the 'do nothing' decision supports centralisation of zen, not decentralisation or community empowerment. It is almost a guarantee that if a community voting mechanism was in place today, it would support a move away from ASICs. The decision to stay with Equihash goes against (what I thought) are the objectives of Horizen to create a decentralised currency and platform. To me, the decision to support the Asic manufacturing industry is extremely disappointing.

Moving to a blockDAG should allow us to collapse the difficulty to a point where single GPU solo mining is possible once again. This has been talked about for 8+ months now and has always been the mid term solution we're aiming for.

The recent decision simply means that we aren't willing to risk a drop in hash by shifting parameters.

The real solution to decentralise mining is and almost always has been the blockDAG, that's why it's a fully funded project that's already well underway.
Rowan Stone


So instead of focussing on short term solutions we are more focused on longer term solutions. And as previously stated - Security of this project is priority.