lolMiner-mnx is a new miner for Mining MinexCoin (MNX) or any other coin that uses the Equihash 96/5 algorithm. Do note that the this is not the same algorithm used by ZCash (ZEC), there it is Equihash 200/9, so this miner is not compatible for mining traditional Equihash coins. The lolMiner-mnx is a closed source OpenCL miner being developed from scratch, so it is not based on existing opensource code. Currently it is available as 64-bit binary releases for both Linux and Windows, although it uses OpenCL it should compatible with pretty much any GPU including Intel and Nvidia and not only AMD.
Today the blockchains of Bitcoin and Ethereum are so heavily loaded, that even participation in a mining pool has become unprofitable, as the amount of resources invested in mining (electricity bills) usually exceeds the return. For this reason, the mining guide we are presenting today is a Zcash mining guide.
Broke the bank to get this card as an open box sale for about 50bux off regular price and it performs exactly as advertised with ethminer (30mh/s). I didn’t try a zcash miner as I immediately switched to running NiceHash with the cool interface. Running NH for 8 days off and on will net me an average of $6/hour. It does double duty at nights running PUBG on ULTRA settings.
Not everyone has the proper knowledge, time and patience to start Zcash mining on their own but still you can go for Zcash mining using your own computer. If you have already decided to mine Zcash, you should know what hardware you need to use. First of all you go for right hardware, then software. There are so software types available in market that works with various different hardware configurations.
Now that you’ve got your hands dirty, just sit back and watch your zcash roll in! Be aware that you are mining to a transparent address (it starts with t). You can follow this guide to learn how to create a private and transparent wallet
As solving these mathematical puzzles had become difficult, mining pools are being used. A mining pool is a joint effort between miners, so that even a miner with a relatively small amount of processing power can enjoy the reward, without having to solve the whole mathematical puzzle by himself, as it requires a lot of computing power (Hash rate). In the early days of Bitcoin, it was possible to mine Bitcoin with a standard processor of a personal computer (CPU mining). Afterwards, as the network grew bigger, the difficulty of solving these puzzles grew too, and it was no longer possible to mine using a CPU. For this reason, people shifted to using powerful “gamers” graphics card processes (GPU mining), as their design solves those puzzles much faster than a CPU. The next step was to shift over to ASICs (Application Specific Integrated Circuits which are basically dedicated machines built for the sole purpose of mining). Today, Bitcoin’s network is so heavy, that nobody can mine Bitcoin by themselves. As an individual miner’s power is relatively small, he will probably not be able to solve any puzzle before other more powerful miners do and new puzzles are issued, resulting in wasted work which practically gives zero income (in theory, an individual can solve a puzzle by themselves, but with Bitcoin the chances of success are smaller than winning the lottery).
To see all the directories in your current location type ‘ls’. I personally like to change the name of my zcash directory in the home folder to ‘zcash’ just so it’s shorter. You can do this by selecting the directory you want to rename and pressing ‘F2’. Now we will need to change directories to the zcash directory. So type in the terminal
Now with all that said, it also does not mean that a mining program cannot contain a virus, or that it isn’t a virus itself, so don’t just blindly trust it either. It is just that there is a valid reason for a high rate of false positives when it comes to such software. Just as a general rule, I would not load any mining software on a machine that contains a cryptocurrency wallet, or one that you do any type of financial work on. It is best to play it safe and keep your mining rigs separate from your important information, so a separate machine is best that is dedicated to mining if possible.
For now though, just keep the miner running for 30-60 minutes at default settings just to make sure everything is working properly. This will also allow time for your card to find a few shares and for the pool to accept them and tabulate them on your wallet display page. There can be sometimes a 10-15 minute delay from when your shares are first accepted and any statistics to appear on the pool side, so now would be a good time to go grab a cup of coffee.
If you’re interested in taking your crypto mining to the next level, sign up at Crypto Mining Academy, where I go massively in-depth, detailing every step of this process in a comprehensive course. Happy mining!
To minimize the disruptions to your mining and settings, you may also want to disable Windows Updates. If you feel more secure leaving updates on, you can do so, but keep in mind there are frequent updates that will reboot your system and stop your mining.
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
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:
Encryption the process by which information is protected from others and only accessible to those who have authorization. That is not to say that authorization may not be gained through unintended ways, but that is all dependent on the quality of the encryption.
Explore the world of mining right on your iOS device. You don’t need fancy expensive equipment to do mining. You already own a device powerful enough to mine. Zcash (ZEC) is unique because unlike Bitcoin which needs specialized ASIC hardware to mine, ZEC can still be mined using your CPU albeit slowly.
Please do not place your order with anyone or anybody claiming to be an official AsicMiner Market representative over email or Skype. It can be a scam and your confirmed order may never be delivered in such cases. AsicMiner Market is neither responsible for nor offers any kind of compensation in such cases
Running four Gigabyte Aorus Waterforce Extreme in a normal Case. Runs smooth, almost quiet, a lot of overclocking potential cause of the Watercooling. Getting 3000H/s with slight oc. Good GPU. Highly recommended.
Possible with Nicehash or Minergate. Nicehash is good to use for easy setup, but the hash rate is around 30% less than if you set up your own mining software with Claymore or EWBF. We will therefore focus on GPU mining for this guide.
Starting with Genesis Mining who have once more upgraded the Zcash cloud mining hashrate for their existing customers by another 25%. This means that everyone that has already purchased Zcash cloud mining hashrate from them got a nice boost in performance and amount of mined ZEC for free. Furthermore, new customers purchasing Zcash cloud mining hashrate will also get a boost in the hashrate they purchase, however the mining for new contracts purchased at the moment will start on December 1st and not immediately, so pretty much after the slow start for the mining ends.
The first question everyone asks once they have decided to try Zcash mining is “What hardware is best to mine with?” This question is not easily answered because there are many improvements in hardware and software happening on almost a weekly basis. To start, mining falls into one of two general categories
I have put together a few videos that you may find helpful below. If your looking for a good written step-by-step tutorial I recommend this one. Building a good GPU rig will also give you the ability to mine other crypto-currencies like Ethereum.