How To Make Money With Zcash ZEC Mining
ZCash is the first zero knowledge crypto protocol. 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.
Because of the work involved, cloud mining make might make sense for some people, though it carries more associated risk. To that end, several cloud GPU providers are open for Zcash business. Genesis Mining is offering a limited number of one-year contracts. Toomim Brothers is offering Zcash cloud mining on three, six and 12 month contracts. Mining for Beginners – How to mine Zcash. Of creating money in the world of crypto. Presenting today is a Zcash mining guide. Mining Zcash. Zcash, or ZEC. Zcash Has Launched: Here's How to Get Some. Will be cheaper than purchasing Zcash on an exchange. Mining for ZEC. “If there is money to be made. We use the claymore miner to mine zcash from your home, easy setup and get started quickly. In this video.
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. Ubiq UBQ Mining Cost. 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. How Long To Mine 1 Bitcoin Gold BTG 2018 more. 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.