How To Zcash ZEC Mine 2018
The cheapest mining rig you can build in January 2018. Is it a good time to mine zcash? Don't do CPU mining with Zcash. The only economical way to mine ZEC. This tutorial shows you how to start mining Zcash (ZEC). 09 Jan 2018 ZCash is an anonymous. Today we are going to show you how to mine Zcash with your CPU and.
ZCash is the first zero knowledge crypto protocol. ZCoin XZC Asic Miner Comparison. Zcash offers total payment confidentiality, while still maintaining a decentralized network using a public blockchain. Unlike Bitcoin, Zcash transactions automatically hide the sender, recipient, and value of all transactions on the blockchain. Only those with the correct view key can see the contents.
Users have complete control and can opt-in to provide others with their view key at their discretion. For general Cryptocurrency discussion, please see. I am new here and I started mining zcash on my home laptop and it is working for me in a satisfactory rate. I have a intel core i3 processor qith 4 GB RAM, no GPU and I am getting somewhat 0.0002 zec per day. So, what triggered me is that, I can buy a new system multiple time faster than my current PC. I just want to know if the investment is worth it.
Should I buy hardware and start mine or simply buy zcash and hold it? Is there any future for zcash (like litecoin, moner coin etc) or it is going to be dumped like Bytecoin? It really depends on what you want ZEC for, what you think the future value of ZEC will be. Personally, if I were buying to hold, for future gain, the relative growth of BTC makes more sense to me and my personal situation.
I trade BTC on a regular basis for profit. I currently mine ZEC, before that I was mining ETH.
I look at what the most profitable alt (in terms of BTC) is, and that's what I mine. Everyday I exchange the ZEC I mine for BTC, as for me, there's 'more' relative growth in BTC than in ZEC. One of the other reasons I exchange to BTC is so that I can exchange the BTC to my FIAT currency, or at least consider the FIAT value, and know how long the rigs will take to pay for themselves, or more to the point now, buy more hardware and build more rigs. Currently my rigs deliver a collective 2.5KH/s (which is tiny really), and this yields 0.24-0.26 ZEC a day, depending on network complexity.
That takes 9 GPUs, and I have space to add 3 more before I have to build another rig. You have to do your own research, and factor in your situation.
Hope that at least helps you a little - I remember when I started out, very few people were willing to share their actual numbers/yields. People like you welcome newbies warmly to get the feel.
I am not a BTC trader. But the last few months (specifically from August, 2016), I came to know about cryptocurrencies, tried faucets, tried mining on my own, got some and it made me enthusiastic about cryptocurrencies. I know, its real late to start mining anything. But still, ZEC, XMR, AEON, BCN shows some hope.
I have really small portions of them mining. While BCN is fastest mining but ZEC/XMR on the Other hand shows some real value in Fiat currencies. AEON is so so from my experience. Let me tell you the details, With 2 weeks of mining (not regular minng) on two laptops, First is i5 with 16 GB RAM Second is i3 with 4 GB RAM I got the following, 0.01 XMR, 530 BCN, 1 AEON. And I starter yesterday mining ZEC (Some 12 hours passed), I got 0.00013 ZEC Do you think, this is a good yield? Can you suggest if I should continue? Should I buy hardware and start mine The answer varies between 'definitely not' and 'maybe,' depending on how much you pay for electricity.
A $200 GPU will currently mine about $36/month in ZEC while costing about $10/month in electricity (at $0.10/kWh), for a profit of $26/month. The mining difficulty will increase over the next few months. I'd guess you'd only be making about $15/month in profit after two months, and $10/month in profit after four months. Chances are you wouldn't make your money back this year. If you think it might be fun, and don't care much about whether you make a profit, then go for it.
Zcash Open Source Miner Challenge Winners! On October 28, 2016, the made ZEC coins available for mining. Since Zcash is an open source, decentralized cryptocurrency, we believe that mining for ZEC is an important way to help strengthen and decentralize the Zcash community, contribute to computer science, and win our gratitude and a prize. Mining should be available to everyone, regardless of their access to specialized hardware; anyone should be able to use a computer to “mine” by using open source software, and add more transactions to the Zcash ledger to possibly get Zcash coins in return for their effort.
By distributing the ability to perform mining with open source software, the Zcash network can be a more accessible and a truly community-supported cryptocurrency. To achieve this, we need open source miners for anyone to use. The Zcash Company sponsored the operated. The Winners and Runners Up of this challenge are listed on the page. Incentivizing the creation of open source miners will enable a wider community to mine for Zcash coins and take ownership of the network as a public good. What Is Data Mining For Dash DASH. While we expect a full range in size of Zcash miners to exist, the more individuals who run a miner (whether GPU or CPU) the stronger the network.