The answer? Difficulty. By automatically adjusting the computational difficulty of solving a block, the Zcash blockchain is able to maintain 2.5-minute intervals. You’ll notice that difficulty closely tracks hashrate, and it, too, has seen exponential growth this year:
In the beginning Bitcoin network transactions where secured by individual hobbyist miners. With the introduction of ASIC hardware security, functionality has been disproportionately concentrated into a handful of corporations making it less secure.
If you’re reading the newbie’s guide to Ethereum mining and have a GPU that’s powerful enough to make it worthwhile, we’re going to assume you’re running Windows, so we’ll focus on mining Zcash on that platform.
In the example above we’re mining on USA stratum pool. We have a quad-core CPU with hyper-threading (8 threads available) and only one NVIDIA GPU in the computer. are mining with 6 threads on the CPU and on the whole NVIDIA GPU.
The Zcash software can be a complete package that helps you run full node. This software is offered by Zcash Company this software let you mine with your CPU. It has a built in wallet that is needed to send and receive Zcash.
Zcash makes use of the Equihash algorithm – a Proof of Work algorithm that is unique to Zcash for now. It was invented by Alex Biryukov and Dmitry Khovratovich, and makes use of Wagner’s algorithm to provide the PoW that’s required for consensus in the Zcash Blockchain.
Possible with Nicehash or Minergate. Nicehash is good to use for easy setup, but the hash rate is around 30% less than if you set up your own mining software with Claymore or EWBF. We will therefore focus on GPU mining for this guide.
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.
Zcash uses a different hashing algorithm than Bitcoin’s, making it incompatible with the special hashing hardware (ASICs) developed for Bitcoin mining. Zcash’s algorithm is known as Equihash. It’s a memory-hard algorithm; it’s designed to resist the development of Zcash-mining ASICs. Instead, Equihash is deliberately best suited for GPU mining.
You should also go through the various guides that help learn how to install any of them wallet. You can also use an exchange as a wallet but this is not recommended. Once you have your pool and wallet ready, you can start process of Zcash mining.
You can click the Download button for the current driver or choose Download Previous Drivers & Software on the right-hand side. This will allow you to choose an older version that will be a great driver for mining based on your card:
The takeaway here is that the hashrate has followed the price explosion, which really took off in May and June 2017. What an amazing bull run! Up to over $400 USD from under $50 USD in a few short months.
Equihash is memory-hard but also fast to verify. Proof of Work is established by requiring “… two parameters: N (width in bits) and K (length), which determine the complexity of the underlying problem …”. The complexity of the underlying problem directly influences the memory and time required for the computation. If you want a run-through of the algorithm itself, take a look at this informative post on the Zcash forum.