Choose and download an appropriate mining program that supports, a: your desired coin (Zcash), b: your GPU (GTX 1080), c: your operating system (Windows 10), and sometimes d: your pool (rarely but does occasionally happen).
Buying gear and mining cryptocurrency with it allows you to own an income-producing asset in the gear itself, with aftermarket resale value holding up very well and even appreciating. GPUs purchased for mining in 2015 and 2016 were often sold at a profit in 2017 due to high demand in the market!
Tags: Claymore Zcash miner, EQM, Nicehash, NiceHash EQM miner, Nvidia Zcash miner, Nvidia ZEC miner, Silentarmy, Silentarmy AMD, Silentarmy NVidia, Windows Zcash miner, Windows ZEC miner, Zcash GPU miner, ZEC GPU miner
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.
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 184.108.40.20667.
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.
Please note that it is an estimated amount of cryptocoins you can get. The calculations are based on the current pool fee, 0% bad shares and doesn’t account for orphan blocks or uncles. Your profit depends on network difficulty, block reward, transactions amount and fee. Exchange rates are provided by Changelly.
If you are new in crypto like me and don’t know where to start or what to do, check this article, it helped me find the good exchanges, save a lot in commission fees and showed me how to earn free coins (not many but a little of different coins, who knows, maybe one day they will be worth a lot) :
While not mandatory, it is recommend to install a GPU overclocking utility such as MSI Afterburner to be able to optimize your GPU settings to mine the most efficiently. The installation of MSI Afterburner is straight-forward and should not require a reboot. For the EWBF miner there is nothing to install as we will be simply extracting the programs folder and running the program’s exe. We will however need to modify one of the example batch files included with the miner in order to get started.
Ethereum value does fluctuate like many similar currencies but at it’s current value a return on investment in a few months is very likely . This is not guaranteed as I have no control over the value of Ethereum however it is showing great promise as many major institutions are investing. In addition to the value in mining Ethereum this system is flexible as it is a ASIC based miner so it can mine virtually any GPU
The other thing is wallet that you need to complete the mining process. You require a wallet to receive, send and store your funds. There are multiple GPU wallets available and you can choose the right one. You can compare the features and reviews.
If you are a beginner you should know how to install and use this software. This software takes benefit of your CPU to mine. You can also build a dedicated GPU rig for mining the basic software but this is not sufficient. You should decide on software that optimizes to take profit of your GPU.
For AMD mining you might want to head on to the Coinsforall mining pool that uses its own different protocol and has an OpenCL and CUDA miner. Earlier today Genoil has posted an OpenCL miner binary for Windows with stratum support, however it seems that his miner is still not ready for major use as most people are reporting issues making it work properly. We have tried his miner and also had trouble making it work properly, so if you have AMD OpenCL GPUs just go for Coinsforall for the moment and use their miner.
That’s right, you can use both! With most cryptos this would be wasteful, but since the Equihash algorithm is “CPU-friendly”, mining with both GPU and CPU is currently profitable. All you need to do is keep both the CPU threads (-t) and the GPU numbers (-og)
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.
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.
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I would recommend EWBF miner for Zcash, but Claymore dual mining is just as good. Just in case anyone doesn’t know you can dual mine any coin you want, your not limited to just ETH and Decred or ETH and SIA. Just need to read the “Read Me” Text doc in your miners folder. I made a short explanation video, mind you I am not a top end Content creator… but should help..
Incentivizing the creation of open source miners will enable a wider community to mine for Zcash coins and take ownership of the network as a public good. While we expect a full range in size of Zcash miners to exist, the more individuals who run a miner (whether GPU or CPU) the stronger the network.
Galax GTX 1080 Ti HOF 790 2062.5 5400 382.53 200 Undervolted to 1v for GPU / Mem stock. max 800 Sol/s / +120 MHz Core – +400MHz Mems. 60-63C max with A/C – 65-66 without. EWBF 0.3.4b Win 10 x64 EllinasUser
Cryptocurrency markets are volatile and are rife with manipulation. Zcash is a relatively medium sized cryptocurrency currently valued at around $150M USD (at $104 USD per ZEC.) As points of comparison, Monero’s market cap is about $500M at the time of this writing and larger players like Ethereum and Bitcoin are well over $10B USD each. With such a small market cap, Zcash is particularly susceptible to market fluctuations.
As you can see our current Hashrate is showing as 506.7 H/s, which is equivalent to the Sol/s reading on the miner. The avergae hashrate is showing as 494.6 and is the effective rate for the past 24 hours. I should point out that this rate is slightly lower than the average mainly as I shut this miner down a few times in the course of writing this guide. The final part are the valid and invalid shares. Obviously you want as near as 100% valid and 0% invalid as possible, but don’t be too concerned if your see 1 0r 2% in the invalid column on occasion.