Quote from: Raja_MBZ on September 15, 2019, 01:40:30 AM

Quote from: lunobird on September 15, 2019, 01:11:37 AM

Quote from: BorisTheBulletDodger on September 14, 2019, 01:57:54 AM

zooko and his pals need to stop fucking dumping all their ZEC.

Could be the miners also. Zec miners have very weak hands and no patience to hold off for better days.

I'd not agree with that, due to the fact that the ASICs that are mining ZEC are way too efficient. With the current (low) value of ZCash, the Antminer Z11 is still making very solid $7.5 worth of ZEC every 24 hours, with about 1400 Watts of power. Even the rate of 10 cents for each kWh makes it look quite profitable.

Exactly. Since z11 is making very good profit compared to other miners. bigger mining operations are forced to sell to cover there operations and also take decent profit. If i ran a medium- big operation, I would do this.

I don't think the small time miners with z9 minis would want to sell at these levels if your breaking even or even taken some losses. Why bother to sell if your losing money from it. Might as well hold for better days.