How Much Can You Make From ZenCash ZEN Mining
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Why Operating a GPU Mining Farm SUCKS and 250% ZenCash Profitability. How Much Can You Make Mining.
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I'll keep it short: Zencash is aiming to become a complete privacy platform. This includes things like IPFS for decentralized file storage, encrypted messaging, TLS encrypted nodes, etc. Also the governance and funding process is what sets them apart from many other projects.
Monero (an excellent project btw) and Zclassic are completely community funded. The governance process can be described as similar to DASH but not completely (we don't have expensive masternodes for instance). Furthermore part of the DAO budget will be allocated for scaling R&D as mentioned on the last biweekly live stream.
If you want to know more about ZenCash and the community I'd highly recommend you check out the biweekly live stream. The next one is on December 8 - 1pm EST. Previous recordings are found here: Cheers • • • • • • •.
It started with the Zerocoin and Zerocash whitepapers, largely co-written by the same academic researchers. Zerocoin became Zcoin and Zerocash became Zcash, Zcash being the more dominant variant with the most support by the authors of those papers. Some had a problem with the dev rewards (mining dev fee basically) built into Zcash (that end after 4 years as I recall), and started Zclassic that omitted those rewards. Realizing why the dev rewards were there in the first place (to fund development, which Zclassic did not have), they forked and rebranded again to ZenCash which put that dev funding structure back, though I think in a different form. To me Zclassic/ZenCash are both garbage forks created by amateurs that don't have much to do with Zcash or development of SNARKS tech. Neither have anyone involved in the original whitepapers as far as I am aware. Zclassic in particular seems to be a zombie chain now.
I don't see what ZenCash is doing at this point to actually be different than anything else out there in the bottomless pit of altcoins, its just a Zcash clone by and large. Monero uses ring signature tech for transaction obscurity, and Dash utilizes a different architecture around masternodes to facilitate private sending. This of course is a very glancing overview of these two. Zcash to me is more of a research coin than a practical currency for a few reasons, but can be used to make private transactions.
They all just go about privacy in different ways that are complex subjects. I had a long & interesting discussion with one user on Discord around what's my take on ZEN.
At the end of the discussion, he asked me to sum up three points why in my view ZEN is well placed as a privacy oriented cryptocurrency. Here are my thoughts: • I believe the technology developed by Zcash (and mainly the zk-SNARK protocol) to be fundamentally safer than what other protocols propose (it's an opinion and not a statement). It's slow at the moment w/ high requirements for RAM and compute time but it was mathematically proven (as in research) that it's possible to drastically improve processing times for zk-SNARKs via the Jubjub algorithm developed by Zcash, which makes the technology easier to adopt and allows operation/processing speeds on a larger scale (or with reduced bottlenecks).
That implies of course the Zcash team to incorporate those improvements in their code so that Zencash can do the same. • Point 1 addressed the roots of Zencash, which is the Zcash protocol.
Asic Cryptonex CNX Mining. To me Zcash still feels like a scientific oriented coin, while the Zencash community is really trying to create a platform - the Zencash blockchain - upon which various services can be used and gradually developed: secure communications, multi-user secure chat, 'teams-like collaboration', maybe even file sharing (public or private). It's interesting to note that the Zcash core devs are following the progress on Zencash and may want to backport some of the features of Zencash into Zcash (I remember seeing such a thread in Github). • Regarding privacy and decentralisation, Zencash is the only project I know of that goes as far as setting up domain fronting (to circumvent censorship and state-operated filtering/firewall systems), the use of TLS certificates to provide end-to-end encryption of the transport network (even if users have a choice to use public or private transactions), and the ability to handle transport over innocuous ports to avoid again firewall restrictions. And I didn't even touch on the point of the upcoming secure nodes. Voila, that's just an opinion / point of view. Hopefully someone more savvy than me can expand on this.
ZEN has great potential. I really like this one.
I think people get too caught up in X coin vs Y coin. Look at DASH and Monero. Two privacy coins with HUGE market caps. It's not always a competition, but rather about building a better world using technology. Especially this early in the crypto adoption stage, the better ALL of these coins perform the better everyone is. There's room for more than one privacy coin. 3 of the top 15 coins are privacy coins.
If ZEN can even get a similar market cap to Zcash it will be worth a TON. One thing I like about ZEN is it seems like they are building more of a privacy PLATFORM. An entire private ecosystem.
Mining Zencash To mine Zencash you will first need a wallet. In my opinion setting up a Bittrex account is quick and easy. The alternative solution is downloading a desktop wallet however I have had many issues wallets so cannot in good faith recommend them. Choosing a mining pool and software: My favourite pool is zenmine.pro the tutorial is written for this pool. Currently they operate with 0% fees and I have had a wonderful experience with them. The largest pool is Suprnova however they have a 1% fee.
-Homepage If you navigate to the ‘connect’ page It provides various mining programs depending on your GPU and a single option for CPU mining. More recent releases of miners can be found on Github. -‘connect’ I run 2 gtx-1070 MSI Armour OC edition GPU’s; I will be using the NVidia miner in my tutorial. Only windows miners are provided for NVidia and CPU mining on the ‘connect’ page. After downloading EWBF's miner: Edit the ‘start.bat’ file in notepad. Replacing all text with: miner --server eu.zenmine.pro --user YOUR_ZEN-ADDR.RigName --pass x --port 9009 Replace YOUR_ZEN-ADDR.RigName with your Zn wallet addresses.RigName 1.The RigName is simply used to help you identify you workers. • --pass (password) does not need to be changed for use with zenmine.pro After saving the file, assuming your internet security software isn’t blocking the miner etc, running the ‘start.bat’ file will start the miner.
The miner is now successfully running: To double check that you are earning: Enter your Zen address into the home page of zenmine.pro; after a few minutes depending upon your hashrate, the website will update and show you your statistics. To illustrate my point, see below: I decided to write this tutorial after my friend wanted to start mining Zen! Disclaimer: I am not paid by Zenmine.pro. I recommend them as I have found them to be simple and reliable. Regards Zeneth.