First, head over to whattomine.com, which provides up-to-date figures for current prices, block times, and network hashrates (as measured in megahashes per second, or MH/s, denoting millions of calculations per second).
Private Key This is the part of data that you keep secret in your Bitcoin wallet. Every Bitcoin address has a unique private key attached. Possession of this key is what allows you to maintain control of those bitcoins. If someone else is able to obtain your key, they also have control of your bitcoins.
Sure, it’s easy. Set the Trezor up as per its documentation, making sure to accurately record and securely store the seed phrase as your top priority. Of course, you must also remember / record your PIN.
There are other Equihash coins you can mine, such as bitcoin gold, but this will be covered in another guide. This guide will focus on how to get your equipment mining Zcash. Before you start, always ensure that you have the latest appropriate drivers installed to ensure things go smoothly without crashing. Also note that almost all antivirus or anti-malware will pick this software up as malware.
At the beginning you could effectively mine Zcash with just a CPU, but due to advancements in software GPU’s have a huge advantage over CPU’s. You can still use a CPU to mine but your return will be very low, so all of the serious miners use GPU rigs. GPU miners will often fall into one of two camps:
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In this post I’ll break down the various steps required to mine the eagerly anticipated Zcash which is due to be released on the 28/10/16. In advance of the launch day we can prepare our machines to be ready right from the very start.
If the invalid shares were to exceed 3%, or stay at a constant 2%, you should check first to making sure you are connected to the flypool server nearest you. If you look on their homepage they will list different addresses for servers located in different parts of the world. The next thing to check would be back on the miner to make sure you are not seeing any errors being generated there. There are too many possible scenarios to cover all in this introductory article, so I will leave any in-depth troubleshooting for a later guide.
–pass z (the actual value of this parameter is usually ignored by pools but oftentimes required by either the pool, mining program, or both. Can be set to something like “X” or “Z” unless your pool requires a specific password).
Equihash is memory-hard but also fast to verify. Proof of Work is established by requiring “… two parameters: N (width in bits) and K (length), which determine the complexity of the underlying problem …”. The complexity of the underlying problem directly influences the memory and time required for the computation. If you want a run-through of the algorithm itself, take a look at this informative post on the Zcash forum.
This article needs to be proofread. There are multiple spelling errors and incorrect word usage, such as “This is because the Claymore miner is faster but only works for CPU.”. Claymore miner is faster for GPU, not CPU.
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Hey Charlie, OK, I expect you’re checking that out on the South African Bitmart.co.za site which sells miners and other crypto gear? It’s their name for 6x 1080 GPUs in a re-assembled rig… So sure, it’ll be good for mining zCash, as that’s its intended purpose after all and the 1080 GPU is a good miner. That said, electricity in SA has become pretty expensive and Bitmart’s prices are fairly steep. Their setup goes for R88k but I see that a single GT 1080 (basic model, not the Ti) goes for about R10k on Evetech: https://www.evetech.co.za/PC-Components/buy-nvidia-geforce-gtx-graphics-cards-47.aspx You should check which… Read more »
Some settings should be modified in Windows to get you ready for mining. First, you don’t want your computer to go into Sleep mode, as it will interrupt your mining. Go to your Power Settings and set Off/Sleep to Never.
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.
Before we begin, it is important to note that the responsibility of mining rests only with the miners themselves. Caution is required when running a computer and using high power for a long period of time. We have never heard of case where a miner burned a house down, but computers can certainly smoke. In addition, no one is guaranteed to see profits due to fluctuations in exchange rates and a change in mining difficulty level and performance.