If you are mining where power is expensive (e.g. Northern California), then that will significantly hit profits. What this does not take into account is that if you are doing this in a home or office where you also need to pay peak pricing and air conditioning costs, the profitability can be much lower. On the other hand, if you are in a data center then you can easily plan for power and cooling costs.
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For this reason, miners started to work in groups, which are called pools. A pool of miners unites the calculation power of a workforce of small miners in order to obtain a significant mining power (aka hash rate), thus increasing the chance of solving a puzzle and getting the reward for it. Each miner in the pool, gets a “share” of the reward, according to the amount of power he contributed to the pool.
Your first step will be to choose a Zcash mining pool. There are plenty to choose from, but we recommend Flypool. The home page or help section of a mining pool site will likely contain instructions on how to mine on its pool using the popular EWBF Miner.
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On the GPU side, we are going to use the Claymore miner. Claymore has a long-standing reputation for optimizing miners and this miner speaks for it. It improves the hashing rate considerably and that is why we are going to take the time to download and use this miner as well. The genoil miner only works for pool mining and with AMD graphic cards. This miner charges a 2.5% developer fee. Every hour the miner mines for the developer during 90 seconds. However, the performance increase is well worth the fee charged. If you don’t agree with the dev feem, don’t use this miner
For those with inexpensive power, this is not an issue. For those with expensive power, it can be the largest recurring cost for Zcash mining. Using our power consumption and hash rate data, here is what profit per day looks like with $0.10/ kWh, $0.20/ kWh and $0.40/ kWh power:
Claymore has updated his ZCash AMD GPU miner to version 12.5 adding support for the ZCash forks (altcoins using the same Equihash algorithm) as well as doing some more improvements to the miner. The latest version comes with improved fans management for latest drivers and Polaris cards, added shares-per-GPU statistics when “s” key is pressed, addend an option to use a password for remote monitoring as well as included EthMan v3.0 which supports passwords and email notifications. This is currently the preferred solution by most miners mining ZEC or other coins based on the Equihash algorithm for AMD OpenCL GPU mining rigs, the miner does not yet have support for Nvidia GPUs. Nvidia miners can go for some of the available options for CUDA mining such as the nheqminer, excavator or EWBF’s CUDA Zcash miner for mining coins using the Equihash algorithm on their hardware.
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In the example above we’re mining on USA stratum pool. We have a quad-core CPU with hyper-threading (8 threads available) and only one NVIDIA GPU in the computer. We are mining with 6 threads on the CPU and on the whole NVIDIA GPU.
FPGA Field Programmable Gate Array, an FPGA is the former king of the Bitcoin mining world. An FPGA is an integrated circuit whos function can be changed as it can be reprogrammed. This makes if more versatile than an ASIC, but far less efficient in its ability. They enjoyed a short time between GPUs and ASICs as the most efficient way to mine. For further details, please see our hardware page.
GeForce GTX 980, GeForce GTX 980M, GeForce GTX 970M, GeForce GTX 965M, GeForce GTX 960M, GeForce GTX 950M, GeForce 945M, GeForce 940MX, GeForce 930MX, GeForce 920MX, GeForce 940M, GeForce 930M, GeForce 920M, GeForce 910M
Quadro P6000, Quadro P5000, Quadro M6000 24GB, Quadro M6000, Quadro M5000, Quadro M4000, Quadro K6000, Quadro K5200, Quadro K5000, Quadro K4000, Quadro K4200, Quadro K2200, Quadro K2000, Quadro K2000D, Quadro K1200, Quadro K620, Quadro K600, Quadro K420, Quadro 6000, Quadro 5000, Quadro 4000, Quadro 2000, Quadro 2000D, Quadro 600, Quadro 410
The following configuration of mining machines are suitable for virtual currency based on Equihash Algorithm: Zcash(ZEC), Zencash(ZEN), Bitcoin Gold(BTG), Komodo(KMD). Click on the name or login to minethecoin.com to view the current earnings. The mining machines earnings unit is Sol/s based on Equihash Algorithm.