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Recently Bitmain put their Antminer Z9 Mini Equihash miner up for sale. Think what you will, as an early ZCash advocate and supporter, here is my take on it. Links: https://blog.z.cash/why-equihash/ https://github.com/zcash/zcash/issues/1211 https://shop.bitmain.com/product/detail?pid=00020180503154806494uGcSyiu806FD https://forum.z.cash/t/let-s-talk-about-asic-mining/27353/775 https://github.com/amiller/Elections/commit/d0820571a359f682e519d89375dc162570361cd2 https://twitter.com/zooko/status/981484601930539008 https://twitter.com/CryptominedCom/status/981395587852627969 https://twitter.com/mineZcash/status/981167668316131328 https://forum.z.cash/t/let-s-talk-about-asic-mining/27353/89?u=cryptomined https://twitter.com/CryptominedCom/status/979820596623155202 https://forum.z.cash/t/novel-asic-for-mining-zcash/12599/12?u=cryptomined https://cointelegraph.com/news/south-korea-ends-anonymous-cryptocurrency-trading-exchanges-to-finally-add-new-users https://cointelegraph.com/news/japanese-regulators-discussed-restricting-trade-of-privacy-focused-altcoins-report-says Follow me on Twitter: https://twitter.com/CryptominedCom Follow me on Steemit: https://steemit.com/@cryptomined Get your Ledger Wallet Nano S or Blue here: https://www.ledgerwallet.com/r/c73c Get your Trezor here: https://shop.trezor.io?a=cryptomined.com Sign up for one of my favorite exchanges: https://www.huobipro.com/en-us/topic/invited/?invite_code=py643 The best way to support the channel is to use the store: https://cryptomined.com I hope you liked this video and found it helpful, if you would like to leave me a tip please send any amount of coins to any of the following addresses: Bitcoin BTC 3CgyZKsp854DdZ1JZaLmg1BsCQf6oiJNUs Ethereum ETH 0x317732FA9E934018D2D0Dd7b5C8f8f320D6059D2 Ethereum Classic ETC 0x4b89c4113d443F0d8fF6C112A31Ce6d0fA23dFE2 Litecoin LTC LQFc3rx118jCxNf7ifZPpPP7JSPZT5vkSR Bitcoin Cash BCH 18ShYf9G5F6wVyGkEhiZBX7a84ZuM1ibaE Bitcoin Gold BTG AU5unsUcWCQx6i3J9nrrkwmi4a8CkDGPAM Zencash ZEN znkcxj5hqT9yKHHzZ561wWfBjLBJkZLJ6uo ZCash ZEC t1QZH467oSRuaLNgviiJGzMeke6bgi7Uu7M Doge DOGE DDTW4eT91bhJKzr2pRJpN4NEikcDoeVbxc Dash XkfbihNXZSgkEePptjrYJYra1YRp9pJgXG Stellar XLM GD2G5CUQNCVEDX5UCV4UCGK62UO5765TPCJ7N2LSZTH227634CQCE455 Nem NDMPM5EWYZIG3J5ARFSS7SJGW2WNW2SNONRGB2Y2 Mona MKQ1txVhH2BQzK2GjxPAqhNGCTNWcBfb1D Ubiq 0xeC1ba49C02DD91C6459e3Edb3F68463b1b4C7263 Expanse 0x38E6221E6F64293f5D4240CA34BC116aD905152b Ella 0xF96292D47971C69EAe4FC71EBd46CB7e0FCE722A Pirl 0x6463e11Ed6D49D082A397AD745B681F81bdcbCa8 Komodo RL2cCpe1VLx4D1iaA93dAJyzGJNeiCbCv6 Stratis SUx9ZyUDaGDeRW57hFGnWWYiSTWLf8P848 Ripple rh9DKqj7bZBvjpzyMtu4KNVADcijKu3M4w PIVX D9rcNzwPwaFfoCer6SZJmMH4qNHtXV1dhR Vertcoin VbsX19HDZbiu3noNLqZEbyLxrCGqz3MtFj Viacoin ViHEYjNx6FXxGSYkEXZgyRq8BamRRg4A2f Ark AQHxuAtF2kdJhJTqCmYfV8a9eU77oC19Nb NEO AdymPvdiGGfuK4F6XzP8Bk34X2Uff9vt1i QTUM Qh7bz1DGst7gKevcdMJDKwtoXH92NqA3gb HCash HSh94pGr8o6toZfLVM3BttDfwHmTRGAZb3 Digibyte DFdoGP7LFHsLeYLRu9VhxezfKG6JDJuqJi POSW P8mkNdYDWKyhF3GZG5PuVUbkaboSQ2jgt5 Thank you!
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Text Comments (214)
Herbert Potdevin (12 days ago)
While I installed 1 (ONE) GPU RX 570 alone it went up to 30.38 Mh/s no prob. Then same GPU installed together with others for a total of 10 this same card (and all others) were able to hash only aprox 14.67 Mh/s. (at less than 43% or so lower) Any body knows why such a drop? Is there anything to do with the power supply? Or is it setup in software? Is there any limitation?? MB H110 Pro BTC+. PS EVGA 1600 platinum.
Preston Jones (1 month ago)
So it's been a few weeks now and if I buy a Z9 mini now, that would be a bad investment and likely only be able to barely break even and nothing more?
Drakilicious (1 month ago)
Glad there are some watchdogs like yourself raising awareness and commenting on this. I agree fully; the big attraction to ZCASH to a lot of people was it being marketed as asics resistance and its shady of them acting like they'll go back on their word at the first sight of asics creeping in.
abdelbasset mosbah (2 months ago)
i switched to ZENCash is that good
Guilherme Gomes (2 months ago)
asic is the best way for the work because of low power and high performance so, the nature say thank you and also the gamers... In the end, they could be more acessible.
Ceng Kahyaoğlu (2 months ago)
Thanks for the video man ! Im enlightened ...
James Donato (2 months ago)
Thank you for making the video.
mell_man79 (3 months ago)
So all the people who are against this are the ones who already spent loads of money buying up all the GPU's they could get their hands on and still want their mining rigs to be profitable. The ones that are for it are those who want to get into mining, but can't afford 10+ GPU's, or can't buy them because all the GPU's have already been bought up by miners and the ones that are available are ridiculously over priced. Is that marginally correct?
Cryptomined (3 months ago)
no i dont think that is really correct.. no one who wants to get in to mining wants to buy an ASIC from bitmain. people who want to test the waters mining would probably prefer starting out with 2 or more GPUs. IF anyone thinks getting a Z9 is a good way to start... that would be like entering the crypto markets and buying bitcoin in december at its ATH - they are going to quickly realize they made a huge huge mistake. That being said, its not only miners against this but alot of users who feel that more decentralization is important... to be honest, now even zooko is questioning the ASICs as I dont think he ended up liking them mining behind his back in secret for the last many months.
Ash. D. (3 months ago)
1 GPU = 1 retard rigs
Todd Combs (3 months ago)
Zooko you prick!!!!!
NiLoY HossaiN ShAntO (3 months ago)
Guys should I buy z9 or not..?is z9 is worthless after June..?
NiLoY HossaiN ShAntO (3 months ago)
Cryptomined yeah I also think that.thanks for the great advice..
Cryptomined (3 months ago)
if you have any ethics, no you should not but the z9 - you should not support bitmain. It will eventually be worthless if there is a fork or not because bitmain IS flooding the market with then (50 per customer) and they will very quickly become unprofitable like the D3 and L3. (more like the D3)
mem emmo (3 months ago)
Hey Miners summer is here lol what is GPU mining algorithm is the coldest ? anybody know thanks
mem emmo (3 months ago)
thanks pal
Krisztian5HUN (3 months ago)
cryptonight is the "coldest", try monero!!
mike johnson (3 months ago)
Since when does a company have to stick with statements?
Commer Picker (3 months ago)
hello, sir when you going to announce huobi token giveaway-3 winner? i am excited for that please do fast :)
Commer Picker (3 months ago)
ok take take sir i am excited because price is now so high if you do giveaway if anyone is winner then they use a huobi token as voting or something so np take care first sir :)
Cryptomined (3 months ago)
i got a little sick, cold, so after i get over that
Jehbuhdieya Springfield (3 months ago)
Everyone: "You said you'd fork to combat ASICs!" Zooko: *Cashes check* Zooko: "Fake news!"
Cryptomined (3 months ago)
today might be the best day to sell off ZEC :)
Robert atVitalityStar (3 months ago)
Cryptomined has the best tech skills and passion for blockchain, thanks for all that you do ; )
Harry Hightower (3 months ago)
ZENCASH Is gonna fight it :) ..... https://blog.zencash.com/zencash-statement-on-potential-equihash-algorithm-change/ not talking about Z cash.
Ivars K (3 months ago)
This is getting ridiculous. Lawsuit against statement in some forum? Lets be real GPU miners - you aren't here stand for the coin, you just want money for that coin. They wont fork? Dump the shit while coin has value and go mine other coins. As one man said "ASICS are inevitable". So in long run You just can't change algo every now and then, it comes with the lot of issues..
Ivars K (3 months ago)
Ok then, good job. I'm with You.
Cryptomined (3 months ago)
its a company, and a company forum, they should be held liable for what they say. and i already dumped mine a month+ ago for other coins.... and no... i did stand for the coin, i used to mine and hold zec, but that changed when i realized zooko was a fucking loser
Krisztian5HUN (3 months ago)
grat video man!!! you earned you a new sub :) GPU miners 4eva!!
Endless Crypto (3 months ago)
the only people that are mad cant afford asic's XD
Cryptomined (3 months ago)
not true, GPU manufacturers were adjusting supply as needed as they could. just have to buy your GPU at the right times... "gamers" (You know im a gamer too right???) were always complaining at the wrong times... they had plenty of opportunities to buy cheap GPUs last year. This year there is less production of Nvidia cards because they are coming out with new cards... by August there would have been plenty of new cards for both miners and gamers.
Endless Crypto (3 months ago)
Then what do u suppose happens, they don't create more asic's and then gpu's are always out of stock unless u want to pay a ridiculous price so profitability drops anyways and then gamers can't afford to have nice cards. Nobody wins in that world. We have to have asics and gpus. And when the new Z9's come out people with gpu rigs will go to mine new altcoins with great projects which will drive prices up and strengthen the market. All that's going to happen is that non-asic resistant coins are going to have huge increases in difficulty and the z9 is gonna take the place gpu's for those coins and then people with gpu rigs will enjoy mining altcoins with around the same profitability margins.
Cryptomined (3 months ago)
we can afford them more than the people who bought the D3 or L3 :) we just dont want them because we have seen what bitmain does to its customers (referencing D3 and L3 again)
Kestutis Linkus (3 months ago)
Oh yes, the mini comes for thesting porpes only, you should think about 1.3KW 80k Sol/s which is coming just after forking (or soon if not forking), so it will not be one forking, but the whole forking chain if it start forking. Reed about prew relese of mini miners. Oh yes :D it was newer done yeat :D but it can be always V9.2 mini :D and V9.3 :D till stop forking :D
THIS N THAT WITH MIKE (3 months ago)
Kestutis Linkus but no one is going to keep shelling out $2000 for each new asic if they realize it'll be useless very soon after forking.
Kestutis Linkus (3 months ago)
I see many coment bad on ZEC. But i would just say "SORRY all, but we cant stay with stone age service when the world is andvancing. U r not using PC, which can run win98 in best case, for your nowday use. So why we cant advance? I am realy sorry about this changes, but you must understand that in some years it will be only few coin left for GPU mining and it will not be becouse it ASIC resistant, but just it will not be profitable enough to create ASIC for the SINGLE COIN ALGORITHM" It was easy to say and BTW "if we will stay with love and low coding speed, then our coin will not reach the expanding goals by the plans and the coin price drop then. Sorry but we r not going to stay out of bort!" i would say.
Kestutis Linkus (3 months ago)
Comon, u will stil have other Equa to mine with your gpu's. Why u just wana burn tons of electricity and mine a lit, insted of going to asic? Soon (5-7 years) it will likely be only asic for mining and you will not do anything about this. You will need to fork few times a mont and it will cost, then it will mean that this coin is newer be stabel if it has mintenence 2 times a month or more. Then you can still buy gpu's for 100k and burn tons of electro insted get mined same and use 10% electricity. If you did mining and got like 2BTC in total as income, why the F you dont buy some tens of asic and put this tons of GPU's to garbage. People wana cards for gaming- let it go.
Cryptomined (3 months ago)
asics will end up burning just as much electricity.. look at bitcoin for example... have asics prevented bitcoin mining from using more electricity than most african countries? nope... it will all adjust with time and the asics will end up using more electric than the GPUs in total, just like with bitcoin
Shizo Hizo (3 months ago)
Bottom line is people base crypto decisions on greed or fear. way I see it... miners had no qualms running GPU pricing to the moon at the behest of gamers (greed) and now exists hardware that kills this investment (fear). so now arguing from a moral high ground why this new tech is bad is where I derive my humor. so now either retool or chase gpu coins, because the gig is up, train left the station. If anything I think bitmain is attempting to appease both devs and miners by limiting purchase to 1 for the z9.
Shizo Hizo (3 months ago)
thank you for the response. this info is good to know
Cryptomined (3 months ago)
Lol they are allowing 50 per person now, the 1 limit was just a tester... one month after the z9 hits the market its not even going to be profitable... haven't you any experience with how bitmain handles their asics? L3? D3??? there are good reasons why people dislike asics from bitmain, they don't turn out to be profitable and who wants to spend money on a machine which only does 1 thing? (make profit).. when it doesn't even end up getting its own ROI? and most of us bought GPUs when they were affordable... it is not our fault GPU companies could not meet demand... however bitmain will more than meet demand, they will flood miners with these at 50 units per customer and they will quickly become as (un)profitable as a D3 or L3...
Joshua Zillmer (3 months ago)
No fiduciary responsibility. In fact, just the opposite, acting on one's own behalf.  Makes you wonder why Bitmain did not have full disclosure on their site for this batch. No wonder ZOOKO supports two chains. I would assume he is stuck between a rock and a hard place trying to support his legacy community and his new capital partner.
MamaCTaZ (3 months ago)
As always, great work sir.
D Harlo (3 months ago)
Well said
Cryptomined (3 months ago)
i saw another reply from you but dont see it in the comments.. Did you say that BTG already forked?
Cryptomined (3 months ago)
i saw another reply from you but dont see it in the comments.. Did you say that BTG already forked?
Supercaffeineaddict (3 months ago)
ASIC resistance should be ASIC resistance.
SerpentXSF (3 months ago)
I stopped mining Zcash a long time ago, from the sounds of it, I need to dump what funds I have Now! However @cryptomined do you believe that Zclassic, Bitcoin Private, and other Equihash coins will die off if they do not fork to prevent ASIC's from taking over the network?
Cryptomined (3 months ago)
I believe that Bitcoin Private and Bitcoin Gold will fold off the ASICs, both have made statements as such, and BTCP already has a proposed change in their github. ZClassic I do not think is getting anymore work on it, so i would dump that one along with ZEC if you have any ZClassic. ZEC seems to still be unsure if they will do anything. just woke up so i have to do the rounds later today and see if anything has changed. For sure ZEC will not fork asics out before it is too late, looks like IF they do it, its not til next year, in which case the network will be run 100% by these asics and it will be too late.... kinda as if zooko and ZEC co. are just giving lame duck excuses for not being able to get it done.
C Bruce (3 months ago)
Great video, subscribed liked and looking forward to more videos!
Wounded Warr1or (3 months ago)
Hey, I have to go back a few videos where you told me to contact you for a miltary type discount toward a black lucky 13 grame; at any rate if you still mine on a 13 gpu Asrock, hopefully you didn't get the July windows update, I am on my 3rd uninstall of everything and re-install, I think I got it thus time, after the update my cards were flashing on at a time, but like powering up and turning off one by one, then once I got a driver win 10 version, ( I use Winn 10 pro ) that worked, then every miner program , ( I have 50 plus coins I can mine on this rig ), would not start the cards or the miner program would quit / close, my two other Asus boards do not seem to mind the updatw, but I think I have updates turned off on one and the other is enrolled in the insider program. In fact I started putting together a backup z270 a prime board I had shelved as a back up, and got a GS3950 today, ( and it is pretty peppy compared to the two GS3900 I havevrunning already. Just wanted to reach out before you got entangled in,this mess also. I am pretty good at trouble shooting by have been on my feet trouble shooting 26 hours as of now, ( doc says standing is better ), at any rate I has to shift back to 18.2.1, it is what AMD recommended I work with, but 18.3.4 is stable on the Asus boards, and if so, I will not have any report on the newest 18.4.1 until I read about it some. Just thought I would give you a heads up brah.
Cryptomined (3 months ago)
cool thanks, windows update is a mega pain in the ass... though I updated most of my windows systems a couple months ago and haven't had any problems with the last adrenaline drivers I installed, i have not tried any of the newer drivers yet. hope everything runs smooth for you here on out.
Rare Solid (3 months ago)
Excellent work putting this all together! I am convinced it's time to move to another coin. It was fun while it lasted but i can't support a coin that has completely turned their backs on GPU miners. I'm out! I just put in an order to sell my coins. I am moving on.
James E (3 months ago)
Zen will be the new number one....zcash RIP....
BYTMate BYTMate (3 months ago)
Cryptomined (3 months ago)
cool thanks for the tip
ED RO (3 months ago)
Hard ford it's upcoming..
Cryptomined (3 months ago)
cool thanks for the update
ED RO (3 months ago)
Cryptomined hey dude check this: https://z.cash.foundation/blog/statement-on-asics/
Cryptomined (3 months ago)
Thanks I will update users on BTG and BTCP's stance in the next video I do, should be done in 1-2 days, just consolidating all my thoughts together.
ED RO (3 months ago)
Cryptomined do a vídeo about others platforms equihash, BTG for example, good vídeo , thanks..
Cryptomined (3 months ago)
no, it is actually unlikely ZCash will fork at all to avoid ASICs.. IF they do, its is likely not until next year. I will do an update video tomorrow probably
RickGrimeZz (3 months ago)
When you make an edit like he did, to a statement that was 3 years old... Its evident he is partnered with Bitmain... Profit Sharing... and OBVIOUSLY he wants to DOUBLE PAY HIMSELF... Guys like him are always looking for ways to screw over others for the sake of a few more Dollars... I run Nice Hash and invest in BTC and LTC only... they are the only 2 currencies that will withstand all this bullshit. Greed ruins everything.... My Grandfather said that to just before he past away. The man was a WWII Veteran. He saw the ugliest of the ugly and before he died.. I asked him why did it all happen... He looked me in the eyes and said.... GREED.... Greed Destroys Everything! The most profound of statements by the most unassuming man there could be. So far, every travesty I have seen.. has some element of greed attached to it! So his comment has been correct for the past 38 years of my life. How could I have know at 10 yrs old that I would be imparted with the best piece of knowledge I could ever get... But I was.. and this whole video stinks to high heaven with GREED. So you can assume that Bitmain is DEEP in Zooko's pockets... These mini miners have been in use for 3+ months already... Just look at ZEC and its Hash Rate SPIKES and Difficulty SPIKES over the past 3-6 months... its absurd.. and Bitmain is 100% responsible for the difficulty increase. To be honest.. unless someone finds a way to shut bitmain down for good... or make these hardware companies illegal in what they do... Then crypto will NEVER be what it really was intended to be... and that is decentralized. Maybe Decentralization is not actually possible? Maybe People NEED centralization... anytime decentralization occurs.. its temporary. Eventually someone takes over. Someone is in control. How I feel about this... The only way to stop Tyranny is by BECOMING TYRANTS OURSELVES.... people need to target Bitmain in legal actions and force legislation against intellectual property tampering. When you build Asics you are in fact tampering with the system. or process.. or the intended use concepts... all can be enforced by legal action against bitmain... Also back to the point at hand... ZEC WILL in fact face countless litigation's based on false advertisement of goods or services. They will 100% lose every case.. and no matter what he says he INTENDED TO DO.... IT IS NOT WHAT HE SAID HE "WILL" DO! Idiots like Zooko think they can just WIPE AWAY evidence of what he said... and he doesnt know that once something is on the internet its is ALWAYS on the internet? So we have the PROOF he is recanting his companies statements in order to profit share with bitmain.. or force the community to accept a double chain with ZOOKO making DOUBLE the money... EITHER WAY- The concept of ZOOKO NOT Forking is 100% going to cost ZOOKO EVERYTHING... So it is in his best interest to do what he promised and fork the coins algo to brick the ASICS each and every time they try and abuse his Coins Blockchain.
Ivelin Hristov (3 months ago)
Thank you as always !
Smita (3 months ago)
Zooko is simply afraid, he doesn't feel confident that they will manage to fork successfully, remain minable for GPUs, and fu.k up the ASICs, so they cannot mine equihash. I think this is why he said it was not long term, and it was a statement that they will try to be no Asic minable, but still, obviously it will happen soon or later. This sound to me like I am not confident we will manage to keep it ASIC resistant!
Brony Clopper (3 months ago)
No need to rage at Zooko. The best way to punish incompetent developer team is to boycott their coin and crash its price. Absolute shitcoin
marvelv212 (3 months ago)
Stop mining zcash
init4dawin (3 months ago)
Thankyou for supporting GPU miners brother ! I GPU 1 Vote
Reaganite71 (3 months ago)
Zook needs to remember an old saying in reference to the future of his company: Pigs get fat, hogs get slaughtered.
Aaron Sperbeck (3 months ago)
GREAT vid bro. First time watcher and now subscriber. Thumbs up.
chaostic84 (3 months ago)
best part of the video "you cant trust zcash devs"
chaostic84 (3 months ago)
Ethereum is used up, has zero uses, it's pointless, the difficulty is way to high for the amount of miners/rewards etc..it's ridiculous, zcash atm is the best thing u can GPU mine, however i cant stand the damn owners/founder for being greedy pricks.
Cryptomined (3 months ago)
mining eth isnt that bad though, at least not yet... probably not really profitable for a lot longer though
Logan ATI (3 months ago)
Thanks much for the info, it's very hard to find detailed information on this. I'm currently holding a decent bag of ZEC and am most likely planning to move it into snowgem. I heard the snowgem devs where going to be apart of that conference to discuss forking the z9 and I'm very much hoping they do! If anybody knows any information in regards to that if you could let me know I'd appreciate it ALOT.
anirban das (3 months ago)
I think Bitman offered him huge money 😢
chaostic84 (3 months ago)
anirban das for sure.
steelhorses2004 (3 months ago)
If anyone BUT bitmain came out with this we'd be cheering - vast improvements in power efficiency and price performance. Then the gamers can have all the inefficient power sucking gpu's they ever wanted. Of course then it becomes an arms race and every asic becomes obsolete when the next gen is made and mining farms as a business becomes too risky for startups so maybe the best move for mining in general is to maintain the status quo and for coins to maintain asic resistance
Cryptomined (3 months ago)
@Rusty Debler is right, the electric consumption arguement has no merit as once the ASICs take over they start to use up as much electric as was being used previously... if not more... look at bitcoin for example... ASICs in no way helped bitcoin mining save on electricity
Rusty Debier (3 months ago)
Power efficiency is a zero sum game in mining, price performance of asic is trash anyway. With mining the more efficient a machine is to use, the more of those machines will be utilized on the network. So you end up sucking up just as much power as a less efficient machine would to earn the same amount of money or often in the case of Asic mining at lower profits because of large farms ability to easily deploy asic farms. Price performance is a thing in the beginning but then shortly after the market is saturated so profits become very slim. You are then stuck with a expensive machine that carrys very little resale value and an almost non existent warranty.
Cryptomined (3 months ago)
if a company that we knew wouldn't be using them behind our back came out with them,... that could fairly distribute them... that priced them fairly and could supply enough to miners around the world, ... such as Nvidia or AMD... we might think differently.... maybe.... might... really depends how it was handled... however i dont see any smaller asic manufacturers playing fair like that, and we know bitmain does not play fair
mikka333 (3 months ago)
Hope all the equihash coin fork out left ZCash alone getting rekt by bitmain, then he'll know how serious it is.
David mine (3 months ago)
What I don't understand is if Bitmain is already mining with these z9's... What differance does it make if when we start mining with them?
Victor Perez (3 months ago)
Mcafee selling mine buying Doge
Crypto Nitro (3 months ago)
good job at ever my friend. thumb up, unfortunatly there is less and less true people like you , no respect what they say , or cheating like btg team did with hidden fee, sad . For sure they have arrangement with bitmain. For else , did you have a look to promising Holochain ?
Crypto Nitro (3 months ago)
I rarely go into ico but went in this one , price has got x10 since. i believe this is the actual best project out of blockchain, an old one from 2008. i have a little article on web to discover wordpress in same time but its in french at https://tinyurl.com/ycc8h8wa You can still buy Holoport to support and got holofuel paiement then :) at https://igg.me/at/h-o-l-o/x/18657234
Cryptomined (3 months ago)
thanks, ill check out holochain
Batsmasher Batsmasher (3 months ago)
i traded all my mined ZEC , that zooko is just a boy who may be take some money from bitmain . not mature enough to stick with his principles . i am out of ZEC forever. loser boy Zooko
franzb69 (3 months ago)
looks like zec boys got paid off by bitmain so they don't care anymore
franzb69 (3 months ago)
chaostic84 usually when bitmain announces an asic miner they've been mining the coin for at least two months. And they're even selling the miners they mined with as brand new to new users. A lot of these Asics arrive already quite dusty and shit. They just replace the ones they used up with new ones and sell the used stuff as new.
chaostic84 (3 months ago)
yup the zcash owners/founders = utter morons, it's sad at this very moment, the most profitable GPU mining coin is zec, irritates me, eth difficulty is to high with way to many ppl per payouts, xmr is great but now asics are on that ffs and again difficulty nuts and insane amount of ppl on it, zcash is nice atm but it wont last once asics hit zec, it'll be terrible, the coin price will drop, so now what can we mine? we need a GPU coin to mine where the founders do not like asics! basically a owner/founder that will do whats best for GPU miners and not whats the best for his checking account.
Marek Sirotiar (3 months ago)
Thanks for doing good work and informing us about important things. My trust into zcash has dropped after this video.
rationalityfirst (3 months ago)
out of principle I don't trust any coin that has development decisions taken by a company. any company can be persuaded by money to take decisions that are not in the interest of the community that helped to make it popular
Steve McDowall (3 months ago)
Another solid video. Thanks for the time you put into it.
zett121 (3 months ago)
i wonder how much Zooko got paid by Bitmain
Cryptomined (3 months ago)
i guess we will never know cause it was probably sent from jihads and rogers z-addresses
gürhan kaya (3 months ago)
Do we know for a fact that it is an asic and not a fpga?
gürhan kaya (3 months ago)
Well, there is a thread on bitcointalk about the fpgas that are available today and the numbers presented there are 10-15x of gpus
Cryptomined (3 months ago)
Hashrate is too high to be an fpga, ... hashrate would be only a couple X that of GPU rate compared to 15X
Litecoin Lucky (3 months ago)
Its all greed, more dev fee for him form Asics. Zcash Basically shitting on all previous GPU miners that have been kicking up to him all this time in dev % fee!
Cryptomined (3 months ago)
you would think he would have some respect for miners paying his bills.... seems not though
r p (3 months ago)
Zooko is such a crook. Time to organize a class action suit. Cypto, we need to bring this up to the community through the forum. Time to turn up the heat. I bet the dev team also assisted BITMAIN with the z9. They never directly answer that question either. Remember all of the equihash devs have made their money. They simply don't care about the original supporters of their network.
r p (3 months ago)
Cryptomined your damn right about that!!!!
Cryptomined (3 months ago)
American miners should consult a lawyer in regards to this if there is no fork to eliminate the ASICs... im not a legal expert but I would expect that the law suit would have to be filed in the USA since ZEC co. is an American company. I do feel as though there is potential for a law suit here.
TheAldawg77 (3 months ago)
Time to move on from this project maybe.
Cryptomined (3 months ago)
at least start dumping for other coins
Thin Shadow (3 months ago)
Folks, you should dump all your zcash and show what the market force can do.
Eric _ (3 months ago)
Thank you for making this information available!
repeated2 (3 months ago)
keep in mind its not like Bitmain aren't using asics now and for who knows how long ago
Cryptomined (3 months ago)
that's right, they already made their ROI as usual, they are probably producing a second ASIC for equihash now and selling us their old used garbage.
Jason Nguyen (3 months ago)
I'm absolutely disappointed that Zooko lacks a back-bone and has the ability to simply twist his own words to suit his own agenda. Dump it, There is nothing decentralised about it anymore, when the development team/s, don't even hear the voices and arguments from their community.
Cryptomined (3 months ago)
yup, its important for ones ethics to be like an arrow.. straight and always moving forward through opposition... it is very sad indeed when a development team we have trusted bends their original ideals for $$$
Manuel Mütze (3 months ago)
im glad i never mined any zcash. stiking to monero forever :-P
Cryptomined (3 months ago)
freedom forever XMR
Shane Potter (3 months ago)
I don't have Nvidia mining rigs.. I went with Rx series so i don't mine Equihash.. if I had went the Nvidia route to mine Zcash an they just spit in my face by refusing to fork.. i'd be dumping all the Zcash I hodled an move it into Monero and never look back at Zcash.
Cryptomined (3 months ago)
thats how i feel, betrayed and backstabbed by ZCash. XMR is the hero for GPU miners, set a precedent... and its sad others have not followed that precedent.
Julio P (3 months ago)
Awesome Crypto thank you for for the great defense of GPU mining and decentralization ! Lets see what Zec and the rest do, they will indeed lose a huge community if they do not fork !
Cryptomined (3 months ago)
You're very welcome... always glad I can help in whatever way I can... and Yes they really risk loosing more than they will gain... we will see :) hopefully we can pressure them enough to do the right thing and fork off the ASICs outright... as they originally promised us.
rlvtrader (3 months ago)
Very nice review of the situation with Zcash and the Z9. Can't trust zooko, can't trust the coin.
Cryptomined (3 months ago)
sadly agree
DOCTOR CRYPTO (3 months ago)
I feel completely scammed, I just invested most of my life savings in a couple miners. I thought it was helping the ecosystem and a win win for everyone, including myself.... I see we've been completely fooled and now we're sitting on more power consuming plastic, (with a little metal, etc.)awesome!!!!
Ivars K (3 months ago)
List for good coins aren't long. Next best for price would be Monero or You could make shot in the dark and take some low level coin. I like ZEN
DOCTOR CRYPTO (3 months ago)
What's the next best coin to mine next to ethereum that's Asic resistant?
Ivars K (3 months ago)
What are You talking about? If You have GPUs, mine other coins and dump this. Where's the problem? You are here just for money coin offers..
marius popa (3 months ago)
i.m looking forward to buy one. If i mine with a asic 6 month on different coin(ZCL,BTG,ZEN,ZE,KMD). I DO MY MONEY BACK.
Cryptomined (3 months ago)
they are playing us as fools... especially zooko with his schizo back and forth attitude about forking
Danny Armata (3 months ago)
Pic of asic on bitmain site literally has dust on the fan blades if u look closey lol def been using them but sadly I don't see zcash forking but look at ETN they didn't fork like sumo and monero and they took major hit
Dwi M. Iqbal (3 months ago)
i thought i'm the only one seeing that
Cryptomined (3 months ago)
yuk, you are right, it does look a little bit off color dusty for something that should be shiny black new... bitmain is disgusting in more than one way
Mo Jo (3 months ago)
Im gonna dump all my Zcash shit coin.
Mazaribeiro (3 months ago)
Thanks for the great video. R.I.P Zcash.
Amin Zin (3 months ago)
VERY sad they went south & VERY decided to dump their 'now' junk. Who regularly buys those little altcoins ? Miners & Aspiring Miners ! Most don't GPU-mine, but the idea that you could felt like freedom...
generalcontrol (3 months ago)
Thanks for sharing this info!
Kevin GPK (3 months ago)
Thank you!
Wan V (3 months ago)
nice video and zooko is shit
Aminlv (3 months ago)
doh that sux
Matt Jones (3 months ago)
What are your thoughts on masternodes?
Cryptomined (3 months ago)
not much opinion on masternodes, though i dont like the idea if only high value holders can get in on nodes... if its more open to allow pooling for masternodes that would be better as it would allow more people to participate.
Erick Knaider (3 months ago)
Great video.
Matt Jones (3 months ago)
Why would the zec team even hesitate about changing the algo? There's no benefit at all in getting the coin thrashed by an asic. It makes no sense to keep the same algo.
Matt Jones (3 months ago)
Another thing to consider is that bitmain has already been mining with these asics for a long time, and the zec price seems to indicate they have not dumped those coins. They may have a bit of a sword of damocles hanging over the zec team's heads saying that if they change algos then bitmain will dump all their holdings. In any case zec is not a good thing to hold for now.
Cryptomined (3 months ago)
you are right, and that is a good question which zooko probably wont want to answer. at first he said he didnt think he could... but then he realized he could potentially get double founders reward and BAM.. it was suddenly possible... i think that is what really deserves an answer... how was it impossible one second, and the next possible?
asus1201n (3 months ago)
please promto BTCP (BITCOIN PRIVATE). good fork of zclassic.
DigitalMiningSolutions (3 months ago)
Goes back to edit his post to change his words..... So much for immutability. You know what they say, "Don't trust, verify." Well you just verified you can't trust him.
Cryptomined (3 months ago)
ROFL ... couldn't have said it better myself
asus1201n (3 months ago)
love u for that video. hero
Cryptomined (3 months ago)
mikesjunk00 (3 months ago)
A strong leader would already have a plan of action in place for this development and communicate it to the community. Zooko going back and editing posts regarding his position sure doesn't communicate leadership or integrity.
Cryptomined (3 months ago)
thats right... well it was his moderator shawn who edited that one post.. but zooko has been a bit schizo on his views recently... maybe in need of some meds and therapy.
DerekSpeare (3 months ago)
All Zooko wants to do is wring his hands over it...The DASH difficulty went up 20 times in 60 days. We can expect the same if ZCash doesn't fork. And great sleuthing, man! Cue the Dramatic Hamster vid at 4:49 - BRAVO!
Cryptomined (3 months ago)
:) yup its like these devs totally forget about history when its their time to bat.
Alvin Manning (3 months ago)
Thank you for brining all of this to light. I'm still on the fence as to whether ASICs will help the space or hurt it, but ultimately more hash = more difficulty = more secure, right? That said, I really don't like all this back-pedaling by Zooko and my trust in ZEC has suffered as a result. How do you feel about ZEN? Rolf seems to be embracing ASICs as well, though I'm pretty sure he never made the claim he wouldn't.
Cryptomined (3 months ago)
the more hash= more secure is a myth.. its not really a set rule, it can be good or bad. when it is only bitmain with an ASIC = bad... no matter the hashpower increase.... as for ZEN, i was thinking its the only hope after ZEC goes to crap to be honest... I have no hope for BTG and lost pretty much all hope for ZEC... only a sliver of hope left in ZEC at this moment. but if ZEN doesnt care ... then maybe equihash is lost... maybe ZEN devs dont have the ability to alter the algo to eliminate the ASICs.. im not a dev so I dunno
David Ninidze (3 months ago)
Great video man. Its sad to see this development. I've started GPU mining roughly a year ago learning from your videos, currently have 55 ksol farm which i don't know what to do with. I agree to the thought that zooko sold out, i strongly believe that before developing the ASIC, bitmain has contacted him and got his blessing, same goes for ETH / Buterin.
David Ninidze (3 months ago)
I have 1070, 1070ti-s and 1080ti-s. With ethlargement pill 1080ti does 52 to 54 Mh on ETH so i switched my whole farm to it from zcash.
Cryptomined (3 months ago)
yup, I think a lot of people think that there was some connection betweek zooko and bitmain, there are several posts that point towards it. hopefully we have all gained ROI and profit from mining over the last 1+ years, and if they do not fork off these asics, well it was fun while it lasted :) If you have 1070s ETH is more profitable now, if you have 1070ti or 1080ti luxcoin, raven and bitcore are more profitable at the moment. whattomine.com you could consider changing to those and wait to see what happens with the zec fork development... I dont think vitalik or the ETh devs have been bought out, just a gut feeling. Vlad was very happy to get a discussion going... I just think the ETH devs think POS is more of a priority right now... but still could develop into an anti-asic fork.. again time will tell over the next 1-2 months.
Wounded Warr1or (3 months ago)
You laid this out perfectly; it is pretty clear if this one dude speaks for the dev team; that they have a pretty low bar for ethics, and even lower one for even just the optics of integrity, which is strange position to have towards your direct support network. Which I understand business models, blue prints and road maps. No one has to look very far to see the road side littered with those with zero ethics. I will not point one of my rigs towards ZEC, point blank period. On the other hand, I directed a rig or two towards XMR because they did what they said they would do, and did it in short order; there maybe value in the X16 white paper that would benefit Ether, and may even be enough to fend of EOS, ADA, and a few others in that lane for the moment since ETH is a running train, but that still will not change some of the steep hurddles they have yet to face moving forward. I do not really have a major issue with those who buy ASIC, it is their money and face the risk of unloading it, before the next batch. What I do take issue with is ASIC manufacturer(s) using the equipment to their own benefit, then once they have a more powerful unit, they sell off their hand-me downs to their own customer base just to fund the R&D for the next more powerful batch to their customer base at their exspense, and then shit all over them buy stepping on them with more powerful model, rinse and repeat; it is a dirty business model that puts them in a central position to shape the ecosystem so it mirrors the worst part of the banking industry we are trying move away from. Also, good information to know, I have noticed the list getting longer of exchange(s) also moving away from privacy coins, but the exchanges are doing it for the wrong reasons in my view because they cannot trace a breach; when then focus should be on not being breached; but it takes time to produce good tech, and very little time to produce garbage tech. At any rate I just may have to watch the tail lights go down the road in XMR, and it is a shame because they really have good guys on the dev team, that are actually some really smart guys, instead of one guy being told he is smart by older men, which can potentailly setup that dev. upfor failure being told he is brilliant as a teenager. Thanks again for this 411, this is some really need to know information. I will certainly adjust accordingly. Thanks brother. Very Respectfully, WX2
Wounded Warr1or (3 months ago)
Agreed, it should lower the price of similar cards like the ones I already started with. I have all the parts except a cpu, and that should be here Monday. I just adhoc'ed them into my desktop for now with a external PSU and screwed a base mount together, ( should market it as desktop " convertible desktop miner add-on ) with a popular wood custom mount. Hey, that reminds me of something I been meaning to give you some feed back about; this tri-PSU connectors, I ordered two of them build the first 13 GPU rig in the event one or the other was DOA, ( try not to leave things to a single point of failure ), as I think I mentioned to you already X3 brand EVGA GQ's all failed within in a week of each other. Regardlees if the connector a anything to do or a bump of feed back; I still rather just jump green wire to any black wires on the connector. Just thoughr I would tell you about that man.
Cryptomined (3 months ago)
might want to wait 2 more months for nvidias new 1100 series cards if you are thinking of buying more GPUs
Wounded Warr1or (3 months ago)
Cryptomined - I will resist as long as possible; and will just do my level best to build more powerful rigs to stay competitive as I can. I have a 12x30 building on my property I just wired for 122v & 240v that isn't doing much anyways, so Bitman can go ASUC on that as far as I am concerned. However, if I ran a Miner Channel, I would have to come at this from 30,000 feet, and depending on my subscribers and then make a determination if I would have to bite the bullet to provide first hand pros and cons on the equipment, it is a Miner after all. I just try to stay on the level the best I can, and stay out of the mud if possible; and someone is bound to eventually get stoked when they have on or about 10k in GPU's and strike up an international trade suit, if only as a delay tactic. Cannot blame those either for giving a shot, I just like the aspect I can mine 50 plus different coins with the gear I have. Building my 1st GTX 1070 rig, my other are all RX580's .. So far I have only three cards and it is so far pretty challenging to find at least X3 more at a decent price, and they do not even have a metal back support; I know some do but they are kind of pricey. Found X2 more, at $439.99, but with a $16.99 ship fee they are getting close to Best Buy's price, and they put a -BB on the model number, and Nividia told me it stands for Best Buy model only, so they do not have to do a price match .. Guess that is what qualifies as "Lowest Price Match" guarantee these days! I kind of liked what I read so far about ZenCash, and also liked that the majority of devs. Are miners, it takes 42 coins the run a full node but pays dividends, it shot up to $45 bucks a coin before the down market, where it dropped back to half that. With all the buzz around possible adjustments to Ether, I didn't finish reading on it, as I had to start looking at what would be best to mine next. Peace man
Cryptomined (3 months ago)
Thanks bro, yup asics is a dirty business alright... rinse and repeat as you said it. XMR deserves our full gratitude and support, that is for certain. I will never hold ZEC again.
v0dkK (3 months ago)
I guess Bitmain New year's resolution was to asic every existing algorythm. Now, we already saw what happened with cryptonight, i hope the same outcome for equihash.
v0dkK (3 months ago)
Cryptomined Indeed zooko is "zold" by doing nothing to help. I think zcash's forks will change pow without hesitation like bitcoin gold and bitcoinZ.
Cryptomined (3 months ago)
that is what we are hoping for, seems like it will take a lot of pushing and shoving to get things done as they should be done... should be an easy fork but zooko is making it complicated... he was the last person i thought we would be fighting to remain asic proof
Harry Hightower (3 months ago)
so he lied because he's getting some cash some how out of the deal it's all about greed .The web is awesome you can't hide lies... he told me one time as well zec would stay ASIC resisted but i can't prove it because it was in a passing post that did not matter to anyone , an now i can't find it .
Cryptomined (3 months ago)
yeah seems like it... a fork to fork off the asics was pretty much out of the quesiton until POOOF he could gain a second founders reward... then it was all cool, yeah sure now he can fork a GPU only chain... yeah seems pretty low life to me
Philip Richardson (3 months ago)
I find it strange he made his post about asic resistance just before Bitmain released the asic ...we are probably talking minutes. Did he have knowledge of the asic release before hand. I personally think so . Was he paid off by bitmain or roger ver...maybe. And as far as him saying he doesn't know what we all thought zcach would be asic resistant ...simple because HE SAID SO . We all know what is going to happen when the asics are mass released ..the same what happened to LTC and DASH miners ...over sold ....to much hashing power on the blockchain ...not enough coins to go around so you will never ROI. Also look at BTC its so far behind on development...why ...BITMAIN and co voting against changes ....What do you think will happen when bitmain takes over zcash .
Cryptomined (3 months ago)
yup, clearly he knew something before the rest of us... clearly questionable if he is in on it himself... this has been raised by someone on the forums who asked him one month ago if he had been in contact with any ASIC companies... clearly that person may have been very right... and clearly clearly zooko wont answer that question ever... thats "conspiracy theory" as far as he is concerned...
Bitcoin Info (3 months ago)
thank you for the update brother what you think of etn is etn has upcoming hard fork? or is fake news??
Bren Dykes (3 months ago)
Bitcoin Info nobody knows of course, but I can tell you that it has traded in the 13 to 17 cent range earlier this year. That’s a pretty good return from the current price. Longer term I think it could be anywhere between 60 cents and $8. I would be thrilled with $1 and wealthy @$4. Because I believe in what they are doing for mass adoption, I plan to hold for at least 1 to 2 years no matter what. And yes, I got in on the ICO.
Bitcoin Info (3 months ago)
ok brother for letting me know any price prediction for etn after fork1$?
Bren Dykes (3 months ago)
ETN is forking on May 30th. They are making additional changes to move further from their Monero origins and have faster transactions. They are on track to be the most used crypto.
Bitcoin Info (3 months ago)
if you don't mind brother here is site link that also randomly pick winner https://commentpicker.com/youtube.html from youtube comment this will reduce your work of copy paste of different UID address for the giveaway if you like then use for next giveaway it also removes duplicates comment !! so have a great day!!
Bitcoin Info (3 months ago)
thank you, brother, for your honest reply any another coin which you hold brother? and ya i have more than 15k in rdd should i have to wait for the better price what you think of redd coin and we power? why i asking you because i found you have great knowledge in crypto that's why ty again!!
Marc Gleicher (3 months ago)
I bought one. Let’s see what happens. I’m running 30 rx580, 13 1070ti, and 4 1080ti. For .21 btc I’ll give it a shot. Evolve or die.
Chad Russell (3 months ago)
Garage GPU miners are like the early days of PC's. ASIC's are the future and there's nothing stopping you from buying them! 1 Z9 mini = ~16 1080 Ti's at only 300W! Expressing anger over technological improvement reminds me of the anger over the cotton gins. Yer taken our jeeeerrbs
Xalzor (3 months ago)
Dont be a traitor man dont support Bitmain which is a disaese to crypto mining, they are centralized, scammers and liars.
Cryptomined (3 months ago)
well goodluck to you, personally i wont buy one. would seem like bitmain probably has zooko paid off anyways
Jin Yong (3 months ago)
Appreciate your effort bro. Really appreciate, people like you is whom keeping the GPU mining alive, not channel like voskcone.
Cryptomined (3 months ago)
yeah i dont remember you buying hte cryptonight asic, but i remember in one video, maybe around that time? my timing might be off... that you mentioned you sold off all your previous asics after reviewing them and that you did not support asics... that you thought the entire business model was unethical or something. cool man, best wishes to you too, cya around :)
VoskCoin (3 months ago)
I actually never bought the xmr asic, but yeah I understand why I’m getting some fair backlash lately. Unfortunately bitmain doesn’t line my pockets. It’s ironic I’ve lost so much support for buying the Z9 when I’ve pledged support to equihash coin devs for hands on analysis / info of it in regards to preservation of gpu mining. Another funny note, I have had a huge mission that was designed to be incredible for gpu miners / asic resistance / and ultimately earnings too but by the time I have it ready I won’t have any support left from them haha I’ll just keep doing my thing, hope you continue on your own path of success someone pmd me this comment, but I’m not mad I can see why you’d reach your POV. I’m a straight forward guy but I’ve let my beliefs interfere with my business and I’ll have to determine how to appropriately separate them at this point. Anyway I’m just rambling shouldn’t I be off selling out or something xD good luck :D
Cryptomined (3 months ago)
heh vosk...when XMR ASIC came out you told people you only bought them to review (I think it was around that time?... and that you don't have any asics anymore... they were against your ethics or something? you just bought them and sold them? I can only say I hope you just buy and sell the Z9 also... otherwise yeah... its kinda hypocritical? i called zooko a schizo... i would prefer not to call you names :) I know you took a lot of shit for getting an Z9 (and for good reason)... I hope you can do your research with it and dump it... otherwise... addictions are not good, no matter what they are. hopefully you will use it to help BTCP, BTG and ZEN fork them off.. i have some faith in you (though your original panda miner review was a pretty bad decision, though you did correct that later... i knew that was a bad company before they started selling them as I talked to them at lengths before hand, and decided before they released it that I could not support them)
VoskCoin (3 months ago)
lol ouch :O
Cryptomined (3 months ago)
yeah i am not a sell out :) thanks for watching, commenting and caring :)
ccovemaker (3 months ago)
Zooko got bought out. This should be the start of the end for this shitty corporate coin.
ccovemaker (2 months ago)
hans climaco that is flat out false. The hashrate has been fairly flat since the ETH miners rebalanced post fork. The fork has been successful kicking ASICs off the network.
hans climaco (2 months ago)
And no one even knows right now that after monero did the anti asic fork there are asics already in theyr network
Kestutis Linkus (3 months ago)
You think one coin forking is made by one man and one hour? This cost much, so contact your GPU provider, maby they wana fund the forking to stay in market? And coin holder wana beter service for the custumers- this mean faster and more. Will all dobel the number of gpu rig they use to mine zac? NO, if it is more profit- you run to mine other coins with your rigs. Zec wana be stabile too, AND WHY NOT? Asic will provide one model for ZEC only, so ZEC will become more stabile and can then provide beter and faster service. This mean- beter price. So in first place it will drop coin income, then it will increase the price of coin because of stability, so- no change in profit in hole, just that the ZEC become more stabe and thats it. Beside, u can go mine BTgold.
Cryptomined (3 months ago)
Seems like it... first he is ok with ASICs.. he says he doesnt think a fork to fork off the ASICs is even possible... then he is ok with forking a GPU chain and an ASIC chain... so... it is possible? when he can make more founders reward! If its is possible... why not just fork out the ASICs and keep your original word? smells like sell out to me!!!
Cryptomined (3 months ago)
Zooko and Shawn were so butthurt over this video they suspended my Forum account... Guess they have nothing to discuss on WHY SHAWN EDITED HIS POSTS! https://twitter.com/CryptominedCom/status/993670594683006976 also blocked me from zookos twitter ROFL! https://twitter.com/CryptominedCom/status/993671455370952704

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