Notes from ED:
There will be another z-cash countdown clock that will emerge today. Mining of z-cash officially starts on 28th October 2016 (I don't know the exact time it starts). When the BCN clock goes to zero there will be a rush for z-cash so if you want a share (or another share) then be ready with the required Bitcoin in your BCN wallet.
If all the shares run out and you want to get in after that, you will need to either wait for BCN to buy more mining kit (if they decide to do that) or get the shares elsewhere. I can tell you how to do this if you wish to ask me and once I am sure that BCN have no more shares.
I would always prefer a BCN share over any other offering though for one simple reason. The mining kit used (as they are about to demonstrate with the move from ETH to Z-cash) can be easily switched to any more profitable currency that comes along.
THIS FROM BCN
Date: October 27th
BITCLUB NEWS
Z-cash Mining Update - LAST CHANCE!
Z-cash Pool - 950 Shares Still Available...
During the launch of the Z-cash pool our invoicing system was generating thousands of invoices per minute as demand for this pool was extremely high. We had 5,000 shares available for sale and all 5,000 were marked paid.
However, many of these invoices were stuck in a "pending" state and were never confirmed. This was due to an anti-flood protection that we use to lock down addresses if there are too many requests happening at the same time.
Normally all unpaid invoices would just expire and then these addresses would automatically recycle back into the system but, in this case, they were held for review and it locked up a share.
So what does this mean?
It means we have more shares in our Z-cash Pool now available for purchase that can be ready to go on the first day of mining. In order to make this offer fair we are going to put up another countdown clock at the top of this page.
When this clock hits 0 the remaining 950+ shares will be released with NO RESTRICTIONS to buy them. If you have already reached the limit on your account it no longer applies and you can purchase as many shares as you can before they are gone.
Once all remaining shares are confirmed the pool will close and your share will be included in the first batch with everyone else.
Z-cash is already going crazy...
Look at this article on Coindesk today - Investors Are Going Wild for A Digital Currency Called Z-cash
AND... Look at the Futures market already climbing on BitMex Exchange (Currently $260 USD per Zcash)
Ethereum Shares - Please Read!
If you purchased a share of the Ethereum mining pool then your power will be switched over within the next 7-10 days.
Right now, we need to upgrade about 30% of these machines because the Z-cash mining algorithm requires a lot more memory than ETH mining requirements so many of the machines are being upgraded with memory cards.
We estimate this upgrade will be completed in about 7-10 days and then you can easily switch your power from Ether to Z-cash or vice versa. This gives you full control over your mining power. (More details available when the switch goes live)
Automatic Ethereum Switch Over...
Once the machines have been fully upgraded and the pool is ready to handle the back and forth switching parameters then we will automatically switch all current Ethereum shares over to mine Z-cash.
NOTE: The default option will be Z-cash unless you want to go back to Ethereum then you must login and manually click the button to switch back to ETH.
More details coming soon, we are very excited about the Zcash launch!
Sincerely,
-BCN Support
Notes from ED...
Hype or over-hype can always be an issue in the world of Internet driven products, commodities and currencies etc. and it is always sensible to bear that in mind. But I've never seen a reaction like this to a new digital currency launch. There are good reasons why z-cash has inspired such interest and those are the reasons I know about. I'm sure there will be more reasons that I am not even aware of.
That said, everything in the end comes down to how the price increases and seeing the reaction to z-cash launch on the Bitmex futures exchange is staggering. If you have time, check out the other digital currencies they display there and compare. Z-cash is not only the only crypto showing absolute upward direction, it is doing so with a predicted price ion the hundreds of dollars already.
Everything in the end comes down to actual take up and use of course and this could be no more than speculators trying to make a killing but I certainly want to have an interest in z-cash just in case.
If you want to know more about Z-cash then make sure you read Bit-Talk 50 and look at the articles linked therein before the real hype commenced.
You can get to Bit-Talk HERE |
