Another popular service for renting and leasing hashrate, namely Mining Rig Rentals has yet to introduce support for the new algorithm used by Zcash (ZEC), so for the moment it is not interesting option for people that are all into Equihash. With the big interest however we are not going to be surprised if they don’t take much time to also introduce Zcash support in the next days.
I’m not sure about your version of Windows but in mine, Task Manager does not display any info on the status of the graphics card. All I see is the performance of my CPU cores, memory and networking throughput.
The blockchain allows the transfer of funds in a decentralized manner, while security and fraud-prevention are carried out by encryption, hence the name crypto, as cryptography is the discipline of encryption. Encrypting and verifying a transaction requires work. Computers which do this kind of work, which is basically solving a mathematical puzzle, get to write the next block in the chain, and are rewarded with coins for it – this is practically the mining operation. The more miners a network has, the stronger it is and the faster and more secure it is.
Similar to the Claymore miner (which does not currently support Zcash mining under Windows), the EWBF miner contains a 2% developer fee which can be turned off in the batch file. It is noted in the thread that disabling the fee will slightly reduce hashing power, similar to that same behavior with Claymore’s miner.
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.
Zcash, or ZEC, is a currency that developed from Bitcoin, with the addition of anonymity. While in Bitcoin’s blockchain, anyone can see the transactions between all the addresses and see each address’s balance, with Zcash it is possible to make transactions without revealing the balance of a wallet (which represents an address).
Incentivizing the creation of open source miners will enable a wider community to mine for Zcash coins and take ownership of the network as a public good. While we expect a full range in size of Zcash miners to exist, the more individuals who run a miner (whether GPU or CPU) the stronger the network.
For perspective, run several of the Gigabyte “ITX” one-fan GTX 1070 model cards on Folding@Home – which pushes a card quite a bit harder than ZCash mining does – and they stay plenty cool as long as the ambient temperature doesn’t get very high.
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.
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:
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Bitcoin Gold blockchain database is going to be secured with Equihash algorithm that is ASIC resistant. Being able to mine bitcoin with conventional GPU hardware ensures Bitcoin Gold network security functions are well distributed across the world.
From a security minded engineer: How can I trust someone sharing Windows executable via Google Drive and using WinRar? The guide is nice but it raises lots of security concerns. There’s no auditable open source code and stamp by security experts. Not long ago we had WannaCry spreading in the wild.
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).
Keep in mind that Equihash makes CPU mining still somewhat feasible for Zcash. However, you’ll mostly receive a better RoI with GPU investments, so consider the options above first before exploring your CPU options.