You will also need a mining pool to direct your hashing power to. You can compare features and reviews on multiple Zcash pools here. We are going to choose nicehash pool for this guide, but it will work with any poo
This brief guide is focused on how to mine Zcash with Nvidia GPUs with either the Windows or Linux operating system. Zcash (ZEC), which utilizes the Equihash algorithm, has lingered near the top of the charts for Nvidia mining profits. It’s also traded on multiple exchanges making it easy to exchange for other cryptocurrencies.
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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
Mining This is the process by which new blocks are created and all Bitcoin transactions are verified. Mining is actually a poor name for the process taking place, but caught on due to the hope of completing a block and winning the attached Bitcoin reward.
Zcash, a privacy centered cryptocurrency, made a mark in the mining scene by use of its ‘Equihash’ Proof of Work mining algorithm. The algorithm distinguishes itself from others with its focus on memory. In short, to mine Zcash, you’ll likely need more memory than what you’d need for other cryptocurrencies. But don’t worry, Zcash’s whopping $350+ USD trading value gives you enough incentive to get started.
I hope you’ve found this guide useful! In the video, I quickly cover overclocking and turning down your power consumption via MSI Afterburner, so make sure to watch it as well. If you run into any issues or have any questions, comment here in the blog or in the video comments, and I’ll try to help as much as I can.
We’ve been using Nanopool for our ETH mining rigs for over 4 months, and it works just fine. Dashboard is very clear and makes it easy for newbies like us to setup. Payments are released once or twice a day when every time we reach our ETH threshold. So far, no caomplaints whatsoever. Plus, they send you email notifications every time a rig stops mining for any reason.
ZCash is an anonymous cryptocurrency that uses zk-snarks to ensure that all the information regarding user transactions is safely encrypted, while still verifiable by miners that can ensure no double-spending has taken place using zero knowledge proofs.
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.
Zcash mining is getting pretty popular but solo mining can get pretty lonely. Come test the waters on a Zcash pool! All you have to do is follow this guide! We are going to use the NiceHash open source miner, which allows us to mine for BTC or for ZCash. Since we want to keep our newly mined ZEC, we’re using the second option.
Well you need to do your own due diligence, but if you click on the link originating from the Bitcointalk EWBF support thread you should be taken to the authors downloads, which many users have reported as safe.
You need to take in to consideration the system which requires another 100w. 1080 with 80 percent power and 1060 also at 80 percent power should be fine. If it doesn’t work try to reduce power further to 75 percent. I have my 1080s set to 70 percent power.
After letting your newly setup miner run for about 20-30 minutes, you can check the pool to confirm you shares are being counted and see some pool-side statistic of your mining progress. On the top right of the Flypool Zcash homepage (shown above) you can enter your Zcash wallet address and click on Check Status to get to your own wallet personal statistics page.
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Digital currencies are mine to a transparent address but it can be spent to shielded address or Z-address. This currency should be swept out of the transparent address in one transaction without any changes. You should use the Z-sendmany command to send currencies from a transparent address to shielded address. You need 4GB RAM for this process.
For the CPU part of this guide, we are going to use Nicehash miner. While this miner works for both CPU and GPU, we are going to get the best performance if we use different miners for CPU and GPU. This is because the Claymore miner is faster but only works for CPU.
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.
Currently the NiceHash EQM Zcash miner is the fastest ZEC miner out there for Nvidia GPUs with the latest release bringing up to almost 50% increase in performance for most Nvidia GPUs. Everything would have been perfect if you could use the miner for other Zcash pools, but the EQM miner is still only supporting the NiceHash service, so you cannot mine ZEC with it, just sell your Zcash hashrate and get paid for it in Bitcoin. The recently released EWBF CUDA Zcash Miner is probably the fastest ZEC miner for Nvidia GPUs that is available for Windows that you can use on other pools for mining Zcash directly, though it is slower than the latest EQM miner release and that one also comes with 2% dev fee (no fee on the NiceHash miner, but only locked to their service).
It is advisable to put the fan regularly on a certain percentage so that the heat of the card is about 60 degrees (note that during the day the house is warmer and the temperature will rise accordingly).