ZClassic ZCL

Market Cap $ 11.563 MM (#285)
24h Volume $ 149.355 K
Chg. 24h: -1.83%
Algo. score 3.3/5  (#361)
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ZClassic News

It's here! Newest version of our Full Node ZCL Wallet! Down...

It's here! Newest version of our Full Node ZCL Wallet! Download : https://t.co/49lvQLpE9s This version enables m… https://t.co/Iefj4ADI99

7 days ago

Bitmain’s New AntMiner Z11 Reportedly Sold Out in 20 Minutes

Bitmain, the Beijing registered behemoth, a crypto shaper and a world’s leader in the manufacture of ASIC devices, has released a new EquiHash oriented ASIC miner dubbed AntMiner Z11 retailing at $1,242. Claiming to pack three times the processing power of its predecessor, Z9, the roll out is a reprieve for miners angled at mining EquiHash powered proof of work coins like Zcash and Komodo. However, it the desire to upgrade that lead to a surge in demand and the AntMiner Z11 reportedly sold out in less than 20 minutes. More about AntMiner Z11 In a press release, the new miner outperforms competitors in both efficiency, energy consumption and other measures. It weights a mere 5.4 kilograms, has a hashing power of 135 KSol/s and by revamping its internal circuit structure, Bitmain were able to increase energy efficiency by 60 percent as the Z11 consumes 10.50 J/KSol. For better energy dissipation, Bitmain employed the latest Bare Die molding technology to create a proprietary TSMC 12nm chip. Better still, the safety of the miner has been taken into consideration and the new generation Antminer is stable and prevents dust accumulation. Since Bitmain commands a majority market share of ASIC miners and operates a private mining farm, any decision could have a ripple effect. In that case, —and considering previous allegations leveled against them and court cases—the chip-set manufacturer is keen to “preserve the Zcash community’s values around security, reliability and accessibility.” As a result, Bitmain is now committed towards improving transparency and to that end, they shall provide “real-time updates to ensure more transparency and will continue to provide shipping updates of the first batch of the Antminer Z11” read part of their official statement. Zcash and Coins Mineable Although Zcash utilizes the EquiHash proof of work as consensus and is the most liquid in this category, it is not the only coin that the Z11 can miner. Data from WhatToMine reveals that miners can shift their hash power to other similar networks like Komodo (KMD), Zcash Classic (ZCL) or Horizen (ZEN) although the decision won’t be as lucrative. Mining Zcash for a week turns in a 33 percent profit of $3.87 with a daily return of around 55 cents at current spot rates when we factor in mining difficulty, power costs—rated at $0.10KWH and network reward. What is EquiHash Based on the Generalized Birthday Problem, EquiHash is an asymmetric memory intensive PoW system developed by two respected crypto researchers from the University of Luxembourg. In this consensus system, mining power is directly proportional to RAM. Encouragingly and to prevent centralization claims, EquiHash is said to be ASIC resistant made possible by its RAM demanding nature. Being an expensive resource, ASIC miners would be deterred from launching their gear. All the same, Z9 and now Z11 is a prove that developing ASIC resistance over the long haul is challenging. The post Bitmain’s New AntMiner Z11 Reportedly Sold Out in 20 Minutes appeared first on Ethereum World News.

17 days ago

Using Your Mining Rig, Which Crypto Coin Should You Mine This 2019?

Do you want to start mining Crypto Coins this year? Or have you already been mining for sometime now? Either way, you should know the course of this Crypto Coins trade in order for you to make profits. It’s clear that Crypto Coin mining is one of the most taken routes in order to make profits in this field. These days though, in order for you to be able to jump into the mix, you would at least need an Application Specific Integrated Circuit (ASIC) miner. The problem is that for normal people who mine using their CPUs and GPUs, the introduction of these ASIC miners gave them a hard time to compete, as these machines are exponentially more powerful in mining Crypto Coins in comparison. But don’t despair, for normal CPU and GPU miners, there’s a solution, we all just have to mine for Crypto Coins that use a different algorithm. If you’re mining using your CPU, you would get the most profit if you would pick Crypto Coins that work on the Cryptonight Cryptocurrency Algorithm: Monero Released in April of 2014, Monero is an open-source project, and its main tenets revolve around ‘fungibility’, privacy, and decentralization. Dogecoin Dogecoin prominently depicts the famous internet meme Doge, a Shiba Inu dog, as seen on the Crypto Coin’s logo. It was introduced on the 6th of December, 2013 as a “Joke Currency”, but is now a legit Crypto Coin valued at 60 million USD. Zcash Zcash is a Crypto Coin that has focus primarily on using Cryptography in order to enhance user’s privacy. And if you’re mining using a GPU, here are the Crypto Coins you should be mining for healthy profits: Bitcoin Gold Launched in November 12, 2017, Bitcoin Gold’s main focus is to disallow ASIC miners and give chance to normal CPU and GPU miners. Zencash Zencash is also an open-source Crypto Coin that works on Blockchain technology to provide privacy and anonymity to its users. Zclassic Zelassie is a fork of ZCash and runs on the same underpinnings, the only difference is that rewards are 20% less, but that said, it’s still going to be a good choice as not too many people are mining it. (Jet Encila is a freelance writer, editor and journalist from the Philippines). The post Using Your Mining Rig, Which Crypto Coin Should You Mine This 2019? appeared first on Live Bitcoin News.

2 months ago

Bitcoin Private [BTCP] Shoots Up As It Approaches CoinBurn in 3 days

Bitcoin Private (BTCP) price suddenly registered a spike of about 34 percent as it awaits the coinburn on February 16 at block height 480,000. BTCP Up over 34% At the time of writing, Bitcoin Private (BTCP) has been trading at $1.55. In the past 24-hours, while major cryptocurrencies are divided between red and greens, Bitcoin Private has shoot up by a whopping 34.22 percent and is today’s bigger gainer. In the BTC market as well, it is up by 34.44 percent. BTCP 1-day price chart, Source: Coinmarketcap As for the reason behind this price surge is its upcoming coinburn on February 16 that will lower the existing supply of Bitcoin Private coins in the market. On February 28, 2018, there was a 1:1 snapshot at block height 272,991 for Zclassic (ZCL) and block height 511,346 for Bitcoin (BTC), where people who owned Bitcoin and ZClassic were given Bitcoin Private (BTCP). According to the official announcement, “Coinburn was suggested in the whitepaper as a possible solution in the event BTCP suffers from an extremely low network hash rate due to the low amount of mineable coins remaining after the fork. As originally conceived, approximately 0.14% of all unmoved coins from the fork would be removed daily over the course of two years, thereby decreasing the circulating supply and freeing up a significant portion of the coins for miners.” It further talks about the illegitimate coins, CoinMetrics discovered in December last year amounting about 1.7 million that were stored in a shielded pool with only 20,000 being legitimate which the active contributors of BTCP found to be true. In order to remove these coins, a hard fork at block height 455,500 was done on January 5. Now, on January 16th, a coinburn involving all unmoved coins will be performed at block height 480,000. The blog cautions, “if you haven’t made a transaction since gaining your BTCP from the 1:1 snapshot that occurred on Feb. 28, 2018, please do it ASAP and certainly before block 480,000.” If you don’t do it by then, your BTCP will become unspendable as they will be burned away. Meanwhile, the dev team is currently working at rebasing, according to the Medium blog, changing to Equihash 192,7 that will allow the network to be more ASIC-Resistant, and a GPU-friendly ecosystem is currently in the works as well along with adjusting the block reward values. The post Bitcoin Private [BTCP] Shoots Up As It Approaches CoinBurn in 3 days appeared first on Coingape.

2 months ago

Zclassic Review: Introduction to ZCL Token

What is Zclassic? Zclassic resulted from a fork of the Zcash blockchain, which was led by Rhett Creighton. The fork removed Zcash’s 20% founder’s reward and its slow start feature. Creighton’s reason for forking was because he saw the latter coin’s 20% founder fee rather unfair, as it would lead to whales controlling the prices, […]

3 months ago

Crypto Market Update Jan.1: New Year, New Hope? An Extended 2019 Market Overview & Forecast

2018 is over and whoever had expected a bullish year like 2017 turned to be very disappointed. The good news is that, as of now, the sharp November declines are gone, while the market stabilizes above $3600. 2018 has ended recording an annual low at $ 3100, while the low of 2017 was $770. To sum it up, despite the declines and the investors who suffered from the enormous losses, Bitcoin is still considered a profitable investment in a yearly overview. 2018 Short Summary with a Glance to 2019 The hype around Bitcoin in the mainstream media had calmed down, while the media is trying to distinguish between Bitcoin and the blockchain technology. The media sees blockchain technology for years, unlike Bitcoin. Only history will tell which narrative is correct. Stable Coins: 2018 was the year of stable coins, as the market discovered the need for liquidity and tokens backed by Fiat, which can expand the crypto trading options and increase liquidity. Utility vs. Security: The SEC, which usually has bad news for the crypto space, determined that Bitcoin and Ethereum are not securities, as opposed to the vast majority of ICOs. Social networks against crypto: During the past year, Facebook and Google had disapproved crypto advertisements. Recently, it was published that Facebook will launch its own cryptocurrency. Was this a coincidence? Bearish Bitcoin: The market is still waiting for Bitcoin to enter the last market cycle, known as capitulation. No one knows of course if we haven’t already seen the lows. Altcoins are rising against BTC: it appears that some altcoins such as Ethereum and Ripple, are showing a change in sentiment against Bitcoin, which gives traders an optimistic feeling for the beginning of 2019. We will remember 2018 as a difficult year for Bitcoin’s price, while on the other hand, an excellent year for Bitcoin infrastructure developments such as the Lightning Network. We expect for 2019 that regulations will continue to tighten around the crypto ecosystem. Everything we knew about ICOs has already changed, and the crypto fundraising is likely to enter a more controlled system like securities. Forks are less popular: The hard-forks trend from past winter is now less popular. However, Ethereum is expecting some future hard forks during January. Bitcoin ETF: So far the SEC had declined all tryouts to approve a Bitcoin-based ETF. However, some analysts hope to see a final approval during the new year. Global Financial Crisis: The stock markets have begun a deep correction that will likely to affect the crypto markets as well. Opinions on the directions are divided to both sides. And lastly to this coming year’s forecast, altcoins such as EOS and Telegram are still in their early-stage development, and many see spotlights on them in 2019. Crypto News Trezor and Ledger Respond to Claims Their Crypto Wallets aren’t Secure. Two of the most secured hardware crypto wallet providers, Trezor and Ledger, have responded to a recent research paper that claimed the companies’ wallets are prone to vulnerabilities. Vitalik Buterin: Bitcoin Is “genuinely Cool Tech,” Bitcoin Sv Is “pure Dumpster Fire.” Ethereum co-founder has once again in his tweet, blasted one of the bitcoin cash hard fork coins, Bitcoin SV, stating that the new cryptocurrency is completely a “pure Dumpster Fire.” Bitcoin Lightning Network Triples Capacity Since November. Lightning Network, a payment solution to the bitcoin scalability problem, has reached a new milestone after exceeding 500 BTC on Dec. 25, 2018, which translates to a 200% growth within the last six weeks. How will the Creation of 2 Million Illegitimate Bitcoin Private (BTCP) Affect the Future of the Bitcoin’s Descendant? Bitcoin private (BTCP), a hardfork coin from Bitcoin and Zclassic, has been caught up in a controversy for creating 2 million additional coins behind closed doors which were part of the project’s white paper. Electrum Wallet Hacked: Over $900K Got Stolen in a Phishing Attack. Cryptocurrency theft continues to be a significant challenge, and the latest is an Electrum wallet hack which led to the loss of more than $900k worth of crypto. Bakkt Completes a Successful $182.5 Million First Funding Round. Bakkt, an ecosystem which aims to bring more institutional investors into the crypto space, has reportedly raised $182.5 Million in its first funding round. Chart Analysis This week we have chart analysis of Bitcoin, Ethereum, Bitcoin Cash and Zcash - Read more here. The post Crypto Market Update Jan.1: New Year, New Hope? An Extended 2019 Market Overview & Forecast appeared first on CryptoPotato.

3 months ago

Bitcoin Private (BTCP)…Privately Pre-Mined 2 Million Coins for Its Founders

The creator of altcoin Bitcoin Private (BTCP) was battling accusations his project was a “scam” December 24 after an investigation revealed over 2 million ‘secret’ coins. Coinmetrics: There Are 2.04M ‘Extra’ BTCP BTCP , a so-called “fork merge” of the Bitcoin and ZClassic blockchains, fell 20 percent after research group Coinmetrics published the information Sunday. After analyzing the BTCP...

3 months ago

Happy to announce that Zclassic is live on Delta Direct! All...

Happy to announce that Zclassic is live on Delta Direct! All the latest ZCL updates will now be directly available… https://t.co/X0QA43xXra

5 months ago

Anon (ANON) To Take Snapshot of ZCL and BTC Balances, Users to Receive Free ANON Tokens

The ANON team has announced that it will take the snapshot of ZClassic (ZCL) and Bitcoin (BTC) balances on Monday, September 10, at 9 PM EST. In a post on Twitter, the team said the holders of BTC and ZCL would receive Anon (ANON) tokens after the snapshot is taken. The announcement comes in the wake of a recent hard fork on ZClassic network. The hard fork has failed to improve the price of ZCL. Data shows that the coin has shed over 38% of its value, dropping from about $8 to $5 in the past 7 days. (VK)

7 months ago

Zclassic(ZCL) has been chosen to participate in the OKEx com...

Zclassic(ZCL) has been chosen to participate in the OKEx community voting. We would love the support of the communi… https://t.co/Nz8paFONQe

7 months ago

ZCL is forking to ANON and is being supported by many wallet...

ZCL is forking to ANON and is being supported by many wallets and exchanges. @ANON_WeAreANON ZCL is being taken o… https://t.co/Culj6RsB5E

7 months ago

Focus on adoption, not price.

I get it - a lot of us are concerned about the value of BTCP. Most of us bought an overly inflated ZCL as an investment and are eager for it to pay off. However, the price you see on exchanges right now is a bad estimate of the true value due to the low volumes. What we need to focus on is further adoption by the crypto community at large. If someone hears about Bitcoin Private and comes to this sub to find a full front page of posts whining about price, it makes BTCP look like a shitcoin with a community trying to manipulate the value. Let's focus on posts discussing technical merit, why you believe BTCP is a better privacy coin, etc. Be patient and let the price settle where it will over the next few months....

a year ago

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