Zano (ZANO)

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pmbug

pmbug

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@Peter89 mentioned this one to me a while back and I've been loosely watching it for a while. I saw it mentioned in the tweet below and did a bit more investigating today:



Zano wallet can be found here:

zano.org

Zano. Blockchain privacy for mass adoption

Zano is an open-source cryptocurrency and ecosystem with enterprise-grade privacy, security, and scalability
zano.org zano.org

Zano encourages individuals to run their own mining rig:
...
A 2GB graphic card is required for GPU mining.
Click to expand...

docs.zano.org

Windows | Zano Docs

The Zano daemon features an internal stratum-like server that can serve miner clients via the ethProxy protocol. It works like a very light and simple pool that mines to a single address.
docs.zano.org docs.zano.org

I think I'll play around with it and see if it's worthwhile.

...

Well, AVG anti-virus complained immediately upon trying to installed the wallet app.

I'll have to think about this one.
 
Think that's a bit of a stretch considering Monero has been chosen by the marketplace on the dark web. Or so I hear. Some other good competition as well.
 
pmbug said:
@Peter89 mentioned this one to me a while back and I've been loosely watching it for a while. I saw it mentioned in the tweet below and did a bit more investigating today:
Click to expand...

Honestly I was more interested in Aaron Day than in Zano : )
Past US Presidential candidate as independent, good friend of Daniel Diaz, president of Citizens for Sound Money and of Robert Kientz, president of Goldsilver Pros and Kinesis delegate for the USA.
A kinesis user and a gold sympathiser, every now and then he mentions gold backed privacy coins...
 
So last night I decided to go for it on a computer that I'm not using for anything else - it's just running a Theta Edge Node 24/7 and nothing else. I had to disable AVG's web shield to download the Zano wallet. As the Zano wallet was installing, AVG flagged various executable components and I had to open the AVG quarantine area and unblock each file.

I got the Zano wallet working and then tried to download the TT Miner program per the directions. This again got flagged by AVG web shield and after I disabled the AVG web shield, it got further flagged by Chrome's security system too. I had to disable Chrome's security as well. After I got the download, I had to attempt extraction of the .ZIP file contents several times as AVG would quarantine one component or another and abort the process.

It was a bit tedious to actually get the software downloaded and installed, but I managed it. This isn't a process for computer n00bs for sure. It's intimidating to continually override anti-virus warnings that this or that file is infected with malware.

Anyway, you have to let the Zano wallet run for an initial period to synch to the network. That took several hours. Afterwards, I closed the Zano wallet and ran the batch file for the mining application and it appears to be working though I really don't understand what the notes in the command line windows mean.

The mining software has been running since yesterday evening (over night). I shut down the mining software in order to run the Zano wallet (they both use the same base software component, so only one can be running at a time) and check the balance. It's still zero, so no mining reward yet. The docs say there is about a 13% chance of earning a reward in a day, so one can reasonably expect to earn one reward a week or so. I'm not even sure how much Zano might be earned in a mining reward yet.

On the plus side, it doesn't seem like the mining software is taxing the computer hardware. The GPU fan is not running any more frequently than it was previously. Hopefully that isn't a sign that the software isn't configured optimally. Best I can tell, the mining software did recognize the NVIDIA graphics card, so it should be working properly.
 
pmbug said:
...
On the plus side, it doesn't seem like the mining software is taxing the computer hardware. The GPU fan is not running any more frequently than it was previously. Hopefully that isn't a sign that the software isn't configured optimally. Best I can tell, the mining software did recognize the NVIDIA graphics card, so it should be working properly.
Click to expand...

After a bit more investigation, it appears that the mining software requires a newer NVIDIA card than the one I've got. The reason the mining software wasn't taxing the fan was that it wasn't using the GPU at all - it wasn't processing anything. It wants me to update the graphics card driver to a version that is only compatible with the newest cards. Looks like this project will have to wait until I get better hardware (which I'm not doing just for this experiment).
 


I don't know the details on ZANO's security/privacy model, but that comment is interesting and puts the comments in the podcast in the OP in context.
 
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