Once on your wallet statistic page (if it is blank or your get an error be aware that it may take several minutes to generate if your are newly mining to the pool) you should now be able to confirm your shares are being correctly received and accounted for. In the image shown below I have pulled up my statistic page. I have five miners pointed at this particular address right now, including the EWBF running on a single GTX 1080, which is shown below as the first entry.
ZCash uses Equihash as an hashing algorithm, which is an asymmetric memory-hard PoW algorithm based on the generalized birthday problem. It relies on high RAM requirements to bottleneck the generation of proofs and making ASIC development unfeasible, much like Ethereum.
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.
It is important to know, that mining on a personal computer is supposed to be done for the purpose of learning. In order to generate profit and achieve massive cooling as well, it is better to build or purchase dedicated mining machines.
Transaction Fees This is a small, optional fee attached to a Bitcoin transfer. Upon the completion of all 21 million bitcoins being created, these fees will provide the reward to encourage miner to continue mining and verifying the network transactions.
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.
The only drawback is that the miner currently only supports connection to NiceHash, so you cannot use it with other pools. While this might nit be bad during the slow start of ZEC mining, after that you might still want to go for mining and keeping Zcash instead of immediately selling it for profit. Hopefully in the next few weeks we are also going to see more development happening for Nvidia users and that goes not only for Linux, but for Windows users as well.
You will need to pick a pool that supports Zcash. Some of the more popular pools include Flypool, Nanopool, Nicehash, Suprnova among others. You can get a more detailed up-to-date list by searching Google for “Zcash mining pools”. For this guide I will be using the Flypool Zcash mining pool.
Unfortunately it’s currently written specifically for linux and uses direct OperatingSystem to be as fast as possible, to have very low cpu usage and to consume energy as little as possible. However if people are interested in a Windows version I’ll port it. First we have to check how it performs on something faster then a 750ti However my test are very promising.
Once you have these downloaded open up Linux Live, select your usb you want to use and select the Ubuntu 14.04 iso you just downloaded. Then press the lightning button. Once it is done reboot your PC, and boot into the BIOS. You can usually do this by pressing F2 or F12 when the computer is booting up. Once you are here select ‘Boot Menu’ and select your USB drive. From here it is pretty self explanatory.
Using this miner is easy but you have to specify the number of cores you have for better performance. You should check your CPU count by opening task manager. The nicehash miner has 2 versions and comes with it. One version is to get paid in BT C and another in Zcash. Now open the nheqminer_zcash” file now you can start mining with CPU and paste the command given below:
Bitcoin Gold blockchain database is going to be secured with Equihash algorithm that is ASIC resistant. Being able to mine bitcoin with conventional GPU hardware ensures Bitcoin Gold network security functions are well distributed across the world.