We chatted up the creator of ZP, Adam Perlow, to find out what made it different than popular cryptocurrency smart-contract platform Ethereum: When we started Zen Protocol it came from this idea that we could probably do better than Ethereum. Then, once we really did our research, we knew we could definitely do something better. We’ve always had this motivation to allow people to use Bitcoin easily.

ZenCash Investment Analysis. Zen is an encrypted. The creation of open source mining and multi platform wallets. (such as taxes or governmental contracts). May 31, 2013 - Unlike mining for Bitcoin, which is so resource-intensive that it can cost upwards of $150,000 in energy costs each day, Zen is issued in exchange for legal tender. To get hold of this currency, people can purchase it from authorized agents, from other Zen holders or by referring friends to Zurker.

2 Start mining! Without any contracts on a pay-as-you-go basis. Create a Zencash address to recieve payments.

What Zen Protocol does better is create a blockchain that eliminates some of the problems with Ethereum smart contracts, like running out of gas. For the uninitiated what this entails is sending a transaction that contains the correct currency amount, but not enough ETH (the “gas” in question). When this occurs, sometimes the result is that your transaction simply fizzles out and your initial currency is returned. Other times, your currency ends up in limbo.

One found themselves out-of-gas and, at the time, out $32 worth of ETH. The whales out there might not care about losing $32, and others might point out that it’s a rookie mistake to move contracts without enough ETH, but at some point we’re all rookies. And $32 worth of conventional wisdom will tell you that throwing away money is no way to get ahead in the finance game.

With ZP, contracts won’t try to execute unless the proper amount of ‘gas’ is included, and miners know that cost beforehand. Zen Protocol seems like it could be a better system, and it’s got all the right boxes checked. It runs parallel to Bitcoin, so if you’re a ZP node you’re a BC node. This ensures it’ll always be scaleable with BC, and support for external assets means smart-contracts can replace the need for any third-party accountability. It’s secure; every contract comes with digital proofs. We asked Perlow what the outlook was for ZP, cryptocurrency in general, and if the ICO bubble was going to burst: One of the problems is people are financing the wrong things, there’s a lot of mis-education.

There’s a coin for everything, everyone saw that Bitcoin was really good at being money, so they thought let’s do that. When, in most cases it’s probably better just to use Bitcoin. The ICO craze is setting up a straw-man argument. How To Setup A HTMLCOIN HTML Miner.

But cryptocurrency isn’t going anywhere. If cryptocurrency fulfills its promise the blockchain will eliminate the idea that someone else has to hold your wealth. Solving the ‘gas’ problem alone makes ZP look like a viable alternative to Ethereum — especially for people just now getting into the cryptocurrency market. Keep in mind that ZP is new — we’re not comparing it’s value to the actual market value of Ethereum. You should always do your own market research before deciding where to invest your money and what platforms you use for transactions.

First Mining Rig My very first rig was a pre-built rig from MiningCave that had six RX470s. At the time I didn’t really know what I was doing, but I wanted to get in the game.

I made a lot of money with that rig because I mined a lot of ETH right before it shot up. I eventually sold it though once I saw the profitability go down. Pandaminer Era Next I bought two Pandaminers and turned my garage into an oven. It was almost 100-degrees and extremely loud. What a nightmare. And I didn’t have electric set up properly for a while.

At this point, I was just playing catch up and trying to learn as much as I could. Fortunately, I was able to sell my Pandaminers for about what I paid, which kept me in the game. After that, I thought I have to build my own GPU mining rigs. The Beginning Builds That’s when I came across the Trio GPU mining rig build designed by Phil on the Bitcointalk Forum.

Trios are made up of two 1080Tis and one 1070mini. They just make sense and they’re future-proof, meaning they won’t really lose their value for resale. The Trios went really well, so I built a lot more. 21 more actually. There’s a lot of debate on the profitability and value of these rigs, but they’re rock solid.

If you don’t believe me, build one. This is the easiest rig to build if you’re new to rig building. You can always expand Trios into a six-card, or a twelve-card and I say this because I’m in the process of doing it right now. I just turned some of my Trios into six- and twelve-card rigs. Growing Pains Right now we’re going through growing pains.

The Trio was so easy to build and deploy on a mass-scale, but we’re trying to consolidate parts and increase energy efficiency even further. Right now, I try to run max sols per watt which is somewhere between 3.5-4.5 sols/watt. One of the questions I got in a recent video is what’s the difference between a sol and a hash?

A sol is basically a hash on the Equihash algorithm. The Antminer D3 Phase So, if you’ve been following the channel, you’ll also know that we had two Antminer D3s, which were extremely profitable at first but plummeted within a couple of weeks. And I made sure to keep you all updated and let you know that I thought you should sell the D3 as soon as possible. And by the end of this month, those things will be space heaters. They’re barely profitable anymore. The Farm Right now our farm is making a little over $120/day. If you’ve been following you know we mine to hodl.

We’ve been mining ZenCash for months and it finally paid off. And yeah sure, it’s coming back down but so does everything else. Right now the altcoins are getting crushed as Bitcoin surges. I’m not the biggest believer in Bitcoin, and I’m not a hater of Bitcoineither, but if you look at other projects, there are so many other projects that have better tech than Bitcoin. But again, Bitcoin is king. And because of that, it maintains that status. I don’t want Bitcoin to crumble, but I’d like to see other smaller coins reach new heights and really truly challenge Bitcoin.

Mining Contracts Lastly, I wanted to touch on my Genesis Mining contract. I know there’s a lot of spammers out there talking about Genesis Mining and BitConnect. But I have $5,000 in Genesis Mining contracts and I make about $25/day, so it’s not the best investment I’ve ever made, but it’s not the worst investment I’ve ever made either.

Ultimately I’m still making money and I think they’re about to open the Bitcoin mining contracts again, which I suggest you look into because my Bitcoin mining contract has been very profitable. My Monero contract was profitable at first because I held and Monero shot up but now I’m only making about $5/day there. With Bitcoin, I’m making about $20/day. The Future of the Channel As far as the future of the channel, I have more ZenCash content in the works and I’m working on the Shed Series, but bear with me. I want to make it’s awesome and I’m still working on touching up the place a bit.

I also have some cool GPU rigs I’m working on as well as some new ASIC miners on the way. CryptoChick also just got 1070s and will be making her six card. Other than that, I have a bunch of for sale parts on this. Let me know if you’re interested and we can work something out. And if you’re looking into a pre-built mining rig, let us know and we can make it happen. We’re here to help.

Subscribe to the VoskCoin YouTube Channel and follow our crazy crypto adventure and let us know how yours is going. We learn just as much from you all as you learn from us! Watch the full video review here. Hello & Cheers!!

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