ZCL block reward: 12.5
BTCP block reward: 0.78125
Same mining algo.
So in order for a miner to have the same profit mining BTCP... BTCP needs to be worth 16 times ZCL.
ZCL: $100
BTCP: $1600???
It wont be mined otherwise.
ZCL block reward: 12.5
BTCP block reward: 0.78125
Same mining algo.
So in order for a miner to have the same profit mining BTCP... BTCP needs to be worth 16 times ZCL.
ZCL: $100
BTCP: $1600???
It wont be mined otherwise.
Other urls found in this thread:
btcprivate.org
blockchainalliance.org
twitter.com
muh dick
Source: btcp white paper.
Ctrl f, reward
btcprivate.org
btcprivate.org
Or, you know...It will be 100 dollars and not a single miner will touch it because of loss.
Dead on arrival.
It will be worth around 30$.
Or read it and see that they are going to release unclaimed coins slowly over time to be mined...
Yes, this could happen.
And will happen if the price doesn't come out 16x ZCL.
Sooo.... we're either gonna make boat loads or get destroyed immediately.
No inbetween.
What miner would mine at a loss?
So for this reason, the price NEEDS to be in the mid thousand or higher.
Otherwise coins won't be able to even move, let alone sell.
Unclaimed coins are not a real thing.
They can't tell when someone "claims" their btcp, can they?
I mean, unless their wallet sends this info somewhere when you import your private key?
I was afraid I would get a "lol fag" response from my post. Nice to see someone actually discussing.
I hold close to 150 zcl. I hope to God this thing takes off.
Also, fuck Bittrex.
Lol fag
Goodluck to you.
I feel you, I have 142 ZCL.
Yes, something is weird about bittrex supporting bitcoin gold and not bitcoin private which aims to fulfill satoshi's original vision.
Makes me think they are threatened by BTCP.
Then Ethereum creator, vitalik taking shots at BTCP.
He didn't take shots at bitcoin gold or diamond.
Why BTCP?
Something is up.
this is assuming ZCL stays at $100
what if it drops?
He knows it's a major threat plus he makes part of ZEC fees. I have contributed code to the GitHub (less then 50), but I still check every now to see if I can help, and I can tell you this team is stacked to the max in talent and ambition.
I honestly don't think this is a pump and Dump like people claim.
Or maybe am I too hopeful? We will see in the future :/
50 lines*
Could you explain why anyone would pick BTCP over Zcash? I’m genuinely curious.
Hold up. So you are telling me that the "community driven project" thing they keep spewing is real?
Real life devs and all?
Do not play with my heart user.
I would pick because it has a nice logo and bitcoin name in it. Not even joking, I have no idea what zcash does.
The FUD yesterday was organised, as if you couldn't see right through them. All that shit about pump and dump, shitty project, shitty dev team, no use case... all organised FUD.
This fucker doesn't need Bittrex to moon (even though Bittrex will definitely list BTCP). It doesn't need Binance to moon. We're already on the fucking moon because this project is so glorious.
Pic fucking related. Just fucking picture a privacy coin with it's own decentralised exchange and market pairing. Just think of the fucking opportunities.
I can't believe people were so blind, ZCL was just a way of holding an ICO without calling it that. BTCP is the fucking future.
I also commited minor fixes on the github. I trust this team more than bittrex. They will definitly get listed on binance. Anyway kucoin listed them it will pump for sure. I recommend 50% zcl 50% kcs for 2months of pump incoming
zcash is made by jews, and they show their jew nature by taking 20% of all mining rewards
forgot pic
Doesn't the mining difficulty adjust if there's no hashes? Muh block reward ugh
Bravo. This is what a normie would do.
people love using incognito mode in Chrome. they will love using a coin with the word "private" on its name
this
If not many people are mining the diff will go down (meaning fewer hashes needed to sign a block). The state of this board. JFC.
The fact I had to come this far down to see this. This board is a haven for dipshits.
Any predictions for the price of ZCL after the fork?
Yes I can tell you for a fact that I am not messing with you. We have found an vulnerability in Zcash's code and reported it to them, and they have patched it and zencash will soon. Check the GitHub, the activity is insane, the team has met significant problems getting everything done however we did everything on the roadmap on time unlike most other vapourware coins. Unfortunately I am still a first year at uni, however I am learning blockchain dev slowly on my free time and will def be contributing to this if I am able to in the summer.
According to the team this is what they have planned in the future (which I think is realistic)
Upgrades to the daemon in the next month or two.
Shielded Electrum soon, it needs to be better tested. Hopefully 1-2 months.
Full Segwit Support - June 2018
Tor wallet - July 2018
Potential removal of unclaimed coins - 2019
JubJub - 2019
Mobile wallet with shielded txns - 2019
zk-STARKs - 2019
Zk-starks are diff from zksnarks btw, they should in theory allow for zksnarks to happen without a trusted setup/middleman. This will rape Monero and so will the tor wallet will rape coins like verge.
See above. Also note we don't have a 20 percent fee backdoored plus we have BTC branding. If you invest consider it a long term investment because even I'm unsure what will happen to the price short term, but I can tell you long term it's gonna be one of the best coins in the future if we can keep up the pace.
I agree, I hope to contribute more to the team if I can.
If you have any other questions just ask away.
Also user I forgot to tell you we actually value piracy.
Zcash supports catching criminals on the blockchain.
Source: blockchainalliance.org
That's not what a privacy coin should be doing.
I hope you understand the value of this project man, because I really do.
FEEEEEEEEEEEEEEEES
is the answer to all your questions OP
They have been launching a massive fud and price manipulation attack on ZCL because it's threatening their $$ and control. But you can't stop us, with the coming DEX using BTCP as the main pair we will put Bittrex out of business for accepting a lot of $$ by Vitalik, Zcash, and Roger Ver to not support the fork in order to cause outrage among the ZCL investors and to harm the reputation of Rhett and his team. You think Rhett doesn't WANT his coin on bittrex?? He tried and they double crossed him. BTCP would kill all of their projects and they know it.
We hodlers see through the lies and price manipulation. Rhett is a virtuous man and with or without Bittrex or Binance listings, we will fulfill the true crypto vision that Bitcoin failed at and that's full decentralization so central entities cannot deny the people what they want. BTCP-DEX will prevail in the end. It's time we get high volume DEX's with easy to use GUI's and let the free market reign king again.
I think this is going to the be the start of more and more people using decentralized exchanges. I think this year is the year we really do it and this BTCP-Bittrex fiasco might be the catalyst. The outrage at Bittrex and Binance for not listing BTCP when they listed bitcoin fucking diamond, is immense. If Bittrex doesn't do some last minute shit to salvage whats rest of their reputation, decentralized exchanges will be getting a huge push and if the BTCP team leads that charge i think many will follow.
People are sick of this happening every month from the bitgrail exit scam to the binance shutdown for 48+ hours to endless shady practices. We're long overdue for this.. Crypto can't continue to grow if newcomers keep getting hacked and manipulated by exchanges preying on them.
That's some great logic.
have you heard of a little concept called
FEEEEEEEEEEEEEES?
lmao what is mining difficulty?
I'm sure this will be on par with other equihash coins by the end of the first week in $/day terms. Algo switching miners have really made the spread between coins shrink drastically.
are they still crediting zcl equally to btc for the "fork"?
yep, 1:1, but only on supported exchanges or wallets you control the private key
not much of a bitcoin fork then is it? they should snapshot both chains and also the price of each, then credit proportionally, otherwise it just looks like another cheap moneygrab.
BASED
Rhett is ourguy
You didn't read the paper faggot.
Everyone who hasn't read the whitepaper should fuck off