The decentralization is done using the blockchain technology. Blockchain, is a type of a ledger that confirms transactions and lives in a distributed-fashion in the cloud. In other words, a group of computers around the world holds copies of the order books and for any given change in it, all the copies are updated. When a majority of the computers authorize a transaction, the money is securely transferred and added to the next block which will be written.
Disclosure: Mining equipment metrics are calculated based on a network hash rate of 437,207 KH/s and using a ZEC – USD exchange rate of 1 ZEC = $ 243.51. These figures vary based on the total network hash rate and on the ZEC to USD conversion rate. Equipment cost can vary, block reward is fixed at 10 ZEC and future block reward reductions are not taken into account. The electricity price used in generating these metrics is $ 0.12 per kWh. Network hash rate varies over time, this is just an estimation based on current values.
Because of the slow start mining that Zcash has implemented the block reward is still growing, so even with price going down and the total network hashrate going up the overall profit for mining and selling Zcash remains pretty stable and most importantly pretty high compared to other crypto coins at the moment. Because of that it is a wise decision to mine and sell Zcash at the moment until the end of the slow start of mining when the block reward will stabilize at the maximum level of 12.5 ZEC and that should provide a more stable price per coin than at the moment. Mining ZEC coins now and keeping the coins may result in them loosing significant value at least in short term, though in long term it might still be a viable option, so consider what to do carefully.
Good morning from Q City, so i have a noobynoob question. I am very beginner and now I mining on 3 PC. Two of them mine ethereum using 470×2 and 480×2 – I`m using dwarfpool and Claymore`s Dual miner and everything is okay when i check my wallet raits the balance is growing like beautiful garden with hundreds of mexicans working on it, !!BUT!! on my third PC I am using single msi gtx1080 gaming X to mine some zec using dwarfpool and nheqminer5c it working on 400 sol/s but my balanace is still 0.0000 after 10 hours of mine. So what the problem, or my mistake>>??? Im using wallet creating on HitBTC, is it okay>>>>?? HELP PLZ!!
The EWBF Zcash Cuda Miner is written primarily for Nvidia cards running under Windows, and in its description the developer indicates that it is: “Written for Pascal GPUs but works on cards with at least 1Gb memory, and Compute Capability 2 and higher.”
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Once you have decided to start mining Zcash and have a good idea of what Hardware you want to use the next step is to find the right Software. There are several types of software that work with different hardware configurations including the official Zcash miner.
We also recorded power consumption during our testing both before mining, then after adding the GPU and having it mine for 60-72 hours. Here is what an average power consumption, per card, was for the final 12 hours of our observation period when the cards were thoroughly heat soaked:
For perspective, I 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.
Another cloud mining service provider that has been available for quite some time already as well – HashFlare has also announced their plans for offering cloud mining hashrate for Zcash (ZEC). They have already started the presale of mining contracts with a price of 4.20 USD per 0.1 H/s with the launch of mining planned to start before 21.11.16, so you will be able to catch some of the slow start mining period as well. Each of their Zcash cloud mining contracts will last for 1 year (from activation) and will not have any additional fees as everything is apparently included in the price.
Advantages: It does seem to be a bit less stressful on hardware — power usage a bit lower. You can watch YouTube HD videos without chopping while Bminer works, and it will dial down hash rate to accommodate this. DSTM and EBWF usually make watching videos or working on spreadsheets uncomfortable to impossible.
In either case it continues like this indefinitely, seemingly without getting any real work done. EWBF and dstm miners have been working fine both with and without VPN. I’m using a GTX 1070 on Windows 10. Please advise.
Replace “eu” for your location, “ZEC-ADDRESS” for your zcash wallet address (transparent address) and lastly replace “-og 0” for the number of GPUs you’re using (as in -og 0 1 2 if you’re using 3 GPUs)