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RE: Tips on Where to Mine Zcash (ZEC) and What Miners to Use
Nice info here. I wish I could try it myself, but my hardware is too old & crappy for mining. I'll just have to be happy with my Genesis Mining contract and hope it pays out enough to sell a bit while the price is still at insane levels. At this rate, if it drops all the way down to 1 BTC people will be considering it "cheap". Literally couldn't believe my eyes when I woke up today and checked Poloniex.
I kind of expected this to happen initially, though the price should normalize in time... there are currently only about 150 ZEC mined, so the coin is really hard to obtain at the moment and a lot of people want to get some and the price gets really crazy. In a couple of days the price should be at a more reasonable levels, but for the moment mining even a little and selling it can net you really nice profit.
I was expecting a high initial valuation too, but this completely exceeded my wildest imaginings. By "high valuation" I was figuring maybe 1.5 or 2 BTC... I kind of feel sorry for whoever is getting suckered into buying at the current prices.
People just went crazy over this one... I was also not expecting so high prices initially :)