Zcash ZEC Mining Apps That Pay
Z Cash Mining So what is Zcash mining some may ask? As most of us know that other than bitcoin there is a lot of other cryptocurrency that is being traded and speculated or invested around the world. Among the top traded and highest volume and market capitalization is Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Ethereum Classic (ETC), Ripple (XRP), Dash (DASH), Monero (XMR) dan ZCash (ZEC). So why are people choosing ZEC now? For every altcoin they have their own Pro and Cons in sense of market value, performance, marketing, function and utilization. So the function of these coins can be summarize in the following manner:- Bitcoin (BTC): The first cryptocurrency and functions as a digital payment system which is consider as a cyber currency which is widely used around the world wide with no centralized governing body which has the highest Market capitalization but has a rival of similiar function known as Litecoin Ethereum (ETH): A decentralized platform that runs smart contract where by the applications that run exactly as programmed without any possibility of downtime, censorshop, fraud or third party interference. It is can also be use as programmable money, issuance of token for (ICOs) and it is supported by huge community known as Etheruem Enterprise Alliance which consist of Microsoft or Intel and more.
A smart contract functions as a contract between two partied without any third party or red tapes. For example, a vending machine is programmes with ETH smart contact where by everytimes the Supplier refills the vending machine, the money will automatically paid the the Supplier automatically via the Smart contract program into the Supplier's account without the need of another party (i.e the Vending machine owner) to pay the Supplier manually. ZCash (ZEC): Is the First open, permission less cryptocurrency that can fully protect the privacy of transactions using Zero-knowledge of cryptography. It functions as an untraceable form of currency where by all its payments are untraceable and its transactions unlinkable with all its transactions encrypted and it is one of the profitable coin to mine using a GPU with only 21 million units of ZEC to be mine which will protect itself against inflation.
From certain aspect it is to my humble opinion that ZEC is here for the long run and it is a coin which has it own standing point in the cryptoworld and its developer is fullfilling their whitepaper plans and path. Hence, it is still profitable to mine Zcash in the long run. So let start with the basis of ZEC mining!! Firstly, personally i would recommend using Nvidia GPUs to mind ZEC / Zcash, its will provide with a higher hashrate / price ratio compare to AMD Gpus, hence the faster return of your capital. So what should your do:- FIRST, SETTING UP ZEC WALLET There are a few kinds of wallet such as:- (a) my personal favorite and safest wallet which is the Hardware wallet whereby your wallet is in a hardware like Trezor ( ) or Ledger ( ) which could be bought online for a cost around 60USD to 99USD where your coins will be store in the hardware which is hard to be hacked as your private key is saved in the hardware itself.
We pay all Mining rewards (Blocks. Customizable minimum payment threshold (Standard: 0.01 ZEC, Minimum: 0.001 ZEC, Maximum: 10. The Zcash Mining Pool. On October 28, 2016, the launch of Zcash will make ZEC coins available for mining. Since Zcash is an open source, decentralized cryptocurrency, we believe that mining.
(b) the Hot wallet where the website provides the facility to provide your with a multisignature wallet such as Jaxx.com or which is accessible via your phone. (c) Some people would just register or get a ZEC wallet on a cryptocurrency exchange which they trust such as or Bittrex.com which is accessible via any web browser. However, it is not likely recommended to be your main wallet unless you are trading as there are many hackers targeting exchanges. So basically you just need to register an account on the bittrex exchange and log into your account and look for the tab wallets and it will list all the altcoins that they have! Bittrex interface Search 'ZEC' for find Zcash and press the '+' button on the left to and press new address to generate your ZEC wallet address.
After a few second you will see your new address in the column address and that is your wallet address so make sure you keep a hard copy by writing or copy a soft copy anywhere you can find like a note file for easy access or even in your google drive. Note: ZEC has 2 kind of wallet, one starts with 't' and the other 'z' which the latter is safer.
However, please be aware that even though its safer a lot of mining pool does not support the 'z' wallet address. So what is a pool or why a mining pool and not mine solo? What is a pool can be explain in this link or as i usually explain to my friends where a pool is basically its just like a pool or area of where you know that there is Gold in that area which is like thousand of acres wide where your miner or mining rig is a worker entering this area and your job is to find gold and in your case is ZEC.
Hence a pool is like a company with organize every miners together to go and find gold (ZEC) together in the whole area of vast land (Block) which contains gold and everyone will work together to find gold, hence your chance of finding gold as a group is higher compare to a single person looking for gold and in a pool the amount of gold (ZEC) your get is base on the amount of work (hashrate / GPU power) you had supplied to the pool. Hence you are most likely to get a steady income than mining solo where your chances a much lower and your might not get paid or find gold for your work for a long period of time.
So mining alone will take a very long time to find a block (gold mine area). So for example, in the early days after the launching of ETH ICO some people try to mine ETH solo which they took at least a week just to find a block using a single mining rig which a block gives your around 5 ETH per block. However, most people who mine through pools get a constant payment of around 1 ETH per day for the same amount of hash power they provide. Hence it more profibale to mine through pools as they are more constant even though most pools will charge you for it.
There are many kind of pools and the popular ones are like which is my personal favourite as it more stable and constant payment. However, there are like such,. So i'll guide you how to mine using Flypool for Nvidia GPU and Rigs as its more profitable using Nvidia Gpus.
So first you must ensure that you are using windows 7 or windows 10 for the miner to work. Then you will first visit the website, where by you shall scroll to the middle part where you will choose mining software you will be using based on your Operating system and GPU and for us we shall be choosing windows and Nvidia.
And where you will be able to click on the link where it will lead you to the forum where you will be able to download the newest version of EWBF's CUDA Zcash miner which is the best Nvidia miner for zcash. From there you shall be able to download the miner Windows x64 and choose the most current one for the optimum performance, and during the time of typing this article the best miner is the ZEC 0.3.4b so just download it into your computer. So once you downloaded, unzip the file to where ever is convenient like your desktop. Sometimes you will not be able to unzip or download due to your anti virus software so you might have to temporarily close them as the software will have to have full access of your computer for them to work properly and to anti virus software they are a threat. Once your unzip the file you will be able to access the folder where by you there are a selection of bat files where you can see a numbers of file name with pool name on them. They are practically set up for you already.
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. 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. Einsteinium EMC2 Prominer Review. 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.