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The world of cryptocurrencies is growing at an accelerated pace. The crypto market cap continues to grow with record breaking volumes. The basis for creating value in the crypto world is the mining process for major and veteran coins – with Bitcoin leading them.
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.
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.
I will go through start to finish on how to set up a Zcash miner on Ubuntu. This is because if you are mining with an Nvidia Graphics card the windows drivers are a little wonky so you will be limiting your hashrate. For me I have 2 GTX 980ti’s in my gaming computer. When I mine Ethereum on windows I get around 5 Mh/s and when I mine on Ubuntu I get 40 For those of you with gaming computers this can be a nice passive source of income while you aren’t playing games. Also AMD GPUs tend to be better at mining Ethereum, but Nvidia GPUs are better at mining Zcash. So if you have an Nvidia GPU I would suggest to mine Zcash. I do. If you have AMD GPU’s I would suggest looking at this guide here.
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.”
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 »
As you can see, Flypool offers quite a bit of information on your progress. At the top we have Hashrates which show your current (2 hour) and long term (24 hour) average hash-rates, your Immature Balance (which is simply the coins not yet fully confirmed on the network), Unpaid Balance which is you confirmed coins waiting to be paid once you reach the payment threshold, number of active workers, and a summary of submitted shares in the form of valid/invalid.
TBMINER has no duty to provide the service of installing and debugging door to door. The accessories are provided by TBMINER, and the installing and debugging are responsible by the customers themselves after buying. The install video could get from our website, please click to view.
The other software I will be using in this guide and recommend is MSI’s Afterburner, which the latest version can be found on the MSI site here. The version of Afterburner I used for the guide is 22.214.171.12467.
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).
Blockchain the public record of all bitcoin transactions. The blockchain may be viewed by anyone and can be used to determine how many bitcoins were attached to any one address at a given time. One place to be able to easily view this information is blockchain.info
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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.
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.
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.
If you are mining where power is expensive (e.g. Northern California), then that will significantly hit profits. What this does not take into account is that if you are doing this in a home or office where you also need to pay peak pricing and air conditioning costs, the profitability can be much lower. On the other hand, if you are in a data center then you can easily plan for power and cooling costs.
While the coins of the “old world” as we all know, were and still are issued by centralized bodies such as banks and governments, and are created as printed bills or banknotes, the process of creating money in the world of crypto is decentralized.