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.
Zcash is an open source cryptocurrency that focuses on the privacy element. This cryptocurrency is mineable utilizing the CPU, and/or GPU. It is a popular currency to mine with nVidia GPU’s as the algorithm hashes better on these GPU’s vs. their AMD competitors. The GTX series is the most popular for mining Zcash.
Cold Storage This is the process of moving your bitcoins to an offline wallet. The benefit of this is that no one can hack into your computer and steal your private keys if your computer is not connected to a network. Bitcoins will need to be brought back out of cold storage to be spent or transferred again.
Notice I only have one GPU running. If you have multiple GPUs they all should be displayed as separate line entries starting with 0. At the top we can verify the mining program and version, the server, solver we are using (in this case the default or auto selected), devices configured for mining (more for multiple GPU systems, in our example just one even though it says all), max temperature limit of 90 degrees C (default setting) after which point the mining software will shutdown to prevent GPU damage, and information on if the optional API is enabled or disabled, as in our case.
[WARN] [2017-12-04T23:58:59+03:00] Get error: A request to send or receive data was disallowed because the socket is not connected and (when sending on a datagram socket using a sendto call) no address was supplied., resetting in 5 seconds
The next step is to download the EWBF Miner. Only download miners from the official threads in BitcoinTalk. If you scroll down, you’ll see a couple of different download options. We’re going to use the Mega download link.
One thing I will mention is that mining software is often flagged from antivirus vendors as containing malware even though they don’t. The reasons for the many false positives is that a lot of malware does contain these mining programs since botnet operators can secretly install mining software on unsuspecting user’s PCs and point to an address they (the botnet operator) controls. As a result, many of the antivirus vendors simply mark anything with a mining program as suspect. This is because even though mining is becoming more popular, it is still probably done by less than 1% of all computer users who would use antivirus scans, so to the antivirus vendors this means 99% of their target audience who has a miner program probably didn’t put it there themselves. They play it safe and just mark it as malware or PuP (potentially unwanted program) as they figure if you are a miner you know its there and probably have the technical ability to work around it.
Editor’s Note: We ran this analysis on 20 May 2017 when Zcash’s coin ZEC was $104 USD to 1 ZEC. By the early morning Pacific time of 22 May 2017 that had hit $124. As this is about to publish it is currently at $248 USD to 1 ZEC. These markets fluctuate greatly.
Besides the ability to rent and lease hashrate for the new Equihash mining algorithm being used by Zcash (ZEC) NiceHash is also offering what they call Fast Zcash Cloud Mining Contracts. These are 24 hour mining contracts, but with a large amount of hashrate that you are getting for this short period of time. This is an interesting alternative to long term cloud mining contracts, but probably not the best one for the moment while we are still in the slow start of mining for Zcash. Still a nice alternative to have to long term contracts as well as to traditional renting of hashrate where the price may vary and here you have a fixed price for the day.
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.
Explore the world of mining right on your iOS device. You don’t need fancy expensive equipment to do mining. You already own a device powerful enough to mine. Zcash (ZEC) is unique because unlike Bitcoin which needs specialized ASIC hardware to mine, ZEC can still be mined using your CPU albeit slowly.
Here is a quick list of the latest CPU and GPU miners available for mining the Zcash (ZEC) that uses the Equihash algorithm used by the coin. Since most pools and miners are based on Stratum mining support you should be able to use them on almost all mining pools with support for ZEC. What you should be looking for is what works best on your hardware in terms of stability and what provides you with the optimal hashrate in order for you to maximize your profit. CPU mining is still viable as GPU miners are yet to be further optimized to be able to provide significantly higher hashrates, though you should know that the days of the CPU mining of ZEC are probably numbered.
ccminer lyra2re download MtGox gone hodlminer source LTC halving 5-chip Dual Miner litecoin gpu miner GAW Qubit ASIC Compute 2.1 whirlpool miner download Halley GHS G-Blade voltage mod ccMiner 1.4.7.SP AMD GPU miner cgminer gridseed windows Brave BTC wallet BTC38 LDC info Mining Edition video cards USDE mining coin control qt wallet Steem windows miner Antminer X3 ASIC Bitcon ASIC efficiency sweet spot Ethereum prfoitability BET info Poloniex increase power limit cryptomaps Hashie problem DragonMint B29 ZEC mining claculator ccMiner LuxCoin sale GENE info X14 rent gpu mining frame NOC info ASUS Mining RX 470 Bitstamp Gold Bitcoin ASIC power usage Bitcoin Gold exchange FSP crypto mining Ronpaulcoin pools NYDFS BitLicense XMOS ETH Polaris 20 X14 hashrate SummerCoin V2 Steem mining guide Neocoin pools Blakecoin Nvidia bfgminer 4.0.0 Gridseed Bitmain BM1360 X11-Gost NiceHash Quark info Vega mining Dirac Blake-256 MEOW trading cgminer 3.7.8 neoscrypt windows ccminer hashrate test Bitcoin Index X11 ASIC miners Ethereum solo mining proxy XCN miner