The miner still needs some work, especially on Nvidia GPUs where by default it is pretty heavy on the CPU load and memory usage as well. It is recommended that Nvidia users add the parameter –enable-nv-hotfix in order to reduce the CPU load a bit, but still running the miner on the main GPU may make the system a bit unresponsive even with that parameter. Still if you are interested in mining MNX (even with the high hashrate and low block reward at the moment) or any other Equihash 96/5 coin you might want to check the lolMiner-mnx out.
Alternate Currencies There are many different alternative currency that have sprung up based off of the idea and/or basic code of Bitcoin. A few of the more notable ones are litecoin, namecoin, PPCoin, and Ripple. To learn more about these, please visit our alternate currencies page.
6. It is recommended that you install applications such as MSI Afterburner in order to control the card’s fan. In its default mode, the power is low and it allows the card to reach a temperature of 70-80 degrees Celcius (normal when playing occasionally but not healthy when it comes to a machine running 24-hours a day).
If you’re reading the newbie’s guide to Ethereum mining and have a GPU that’s powerful enough to make it worthwhile, we’re going to assume you’re running Windows, so we’ll focus on mining Zcash on that platform.
The answer? Difficulty. By automatically adjusting the computational difficulty of solving a block, the Zcash blockchain is able to maintain 2.5-minute intervals. You’ll notice that difficulty closely tracks hashrate, and it, too, has seen exponential growth this year:
The whole Zcash mining process includes set up, miner downloading, configuring windows and batch file setting to run and much more. Zcash generally uses equilhash as a hashing algorithm. This is an asymmetric memory hard PoW algo. This is based on the generalize puzzle. It relies on high Random Access Memory needs to bottleneck the generation of proofs and ASIC development unfeasible.
Transaction Fees This is a small, optional fee attached to a Bitcoin transfer. Upon the completion of all 21 million bitcoins being created, these fees will provide the reward to encourage miner to continue mining and verifying the network transactions.
When it comes to mining ZCash (ZEC) or other Equihash-based crypto coins on Nvidia GPUs for most people it is time for the EWBF ZCash CUDA miner, however it seems that the development of that miner has been abandoned a while ago. There have been a few alternatives available that we have covered with dstm’s ZCash Cuda Miner being a very promising successor. The problem with it was that there were a few key features that were missing up until recently, but that is no longer the case with this miner. So if you were reluctant to give it a try, now you might want to reconsider and test it on your Nvidia mining hardware.
Please keep this in mind before you assume that this is profitable and buy hardware. If you were mining in December assuming a $90-100 price, by January 2017 to early March 2017 your Zcash stash was worth 1/2 to 1/3rd.
Zcash uses a different hashing algorithm than Bitcoin’s, making it incompatible with the special hashing hardware (ASICs) developed for Bitcoin mining. Zcash’s algorithm is known as Equihash. It’s a memory-hard algorithm; it’s designed to resist the development of Zcash-mining ASICs. Instead, Equihash is deliberately best suited for GPU mining.
Cryptocurrency markets are volatile and are rife with manipulation. Zcash is a relatively medium sized cryptocurrency currently valued at around $150M USD (at $104 USD per ZEC.) As points of comparison, Monero’s market cap is about $500M at the time of this writing and larger players like Ethereum and Bitcoin are well over $10B USD each. With such a small market cap, Zcash is particularly susceptible to market fluctuations.
By default the EWBF miner should extract to a folder named “Zec miner 0.3.3b” unless you changed it. I would recommend placing this folder somewhere easy to get to, such as the root of your C drive, your Desktop, or somewhere you can easily locate it. For this guide I extracted it to: “C:\Zec miner 0.3.3b“. Open up the Zec miner 0.3.3b folder and you should see files similar those those below:
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August update on my mining farm, proudly joined the 30,000 club with over 30k sols / hash on equihash which I am currently mining Zcash or ZEC with. I am using the 1080 TI, 1080 TI, 1080/1070/1060 Mini Trio GPU DIY Rig build.
Since cryptocurrencies have risen exponentially in the past few months people want in. One of the best ways to make money with currencies like Ethereum and Bitcoin is to ‘mine’ them. When you mine a cryptocurrency you are running a program on your computer to use your computers computing power on the network. Whenever your computer solves a piece of the puzzle, a block in the blockchain, your miner is rewarded. There are two main ways to mine:
For this guide I am going to use the Flypool Zcash mining pool and will modify the flypool.bat file. This file will need to be modified with your wallet address as well as any other extra option you wish to enable. A copy of my modified batch file is shown below:
GeForce GTX 590, GeForce GTX 580, GeForce GTX 570, GeForce GTX 560 Ti, GeForce GTX 560 SE, GeForce GTX 560, GeForce GTX 555, GeForce GTX 550 Ti, GeForce GT 545, GeForce GT 530, GeForce GT 520, GeForce 510
Here you can see the miner.exe which is the main program, a couple of support dll’s (Dynamic Link Libraries), a help.txt file with some basic command overviews, as well as several .bat (Windows batch) files with example configurations for several mining pools that support Zcash.