All of these calculations can change based on mining difficulty as well as Zcash price fluctuations. Here is a view of what 1 December 2016 to 20 May 2017 Zcash pricing looks like via Poloniex (one of the larger exchanges):
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.
Pro tip: check out the following GPUs: Nvidia’s GTX 1060-6GB/1070/1080 Series; AMD’s RX 470/480, RX 570/580, R9 Series, or HD 7990/7950 (if used cards are available, try to get them from a gamer instead of a miner, with a warranty if possible). As with everything, do your own due diligence to evaluate GPUs based on their hashrates, power requirements, availability, and price.
I have a lowly GTX 1060 and only started mining with it two days ago. I used ewbf first because it was listed first on miningpoolhub. After playing with it some, it would peak for me about 291 h/s. The average was closer to 288. I could push it to 300, but only by risking arrest for GPU abuse. I switched to dstm last night and am averaging 314 h/s. Even with the fee, I’m better off. Your mileage may vary.
The good news is that getting started with Zcash mining is very simple. You don’t need to download the full Zcash blockchain or manage clunky command-line miners with manual instructions; you can mine directly to an exchange or to a hardware wallet such as Trezor or Ledger Nano S. Of course, you should always do your due diligence to ensure your coins will be properly supported before sending them anywhere.
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 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
You need to take in to consideration the system which requires another 100w. 1080 with 80 percent power and 2 1060 also at 80 percent power should be fine. If it doesn’t work try to reduce power further to 75 percent. I have my 1080s set to 70 percent power.
Building a large ZEC position through mining now may allow you to take advantage of price appreciation in the future with less risk than you’d face by just buying ZEC. Let’s break this idea down a bit further.
The following configuration of mining machines are suitable for virtual currency based on Equihash Algorithm: Zcash(ZEC), Zencash(ZEN), Bitcoin Gold(BTG), Komodo(KMD). Click on the name or login to minethecoin.com to view the current earnings. The mining machines earnings unit is Sol/s based on Equihash Algorithm.
Just in time for Christmas a new NiceHash EQM 1.0.4a miner is available with about 10-15% speed boost for owners of Nvidia GPUs mining Zcash (ZEC). Like previous versions of the EQM miner it will only work for selling your hashrate on NiceHash, so not able to mine on another pool with it. The latest speed bump is intended for SM52 and SM61 capable Nvidia GPUs (that means only 9xx and 10xx cards), so no speedups for owners for first gen Maxwell GTX 750 (Ti) unfortunately. Currently only a Windows version is available. We are seeing a nice bump from about 320 H/s with the previous version to a little over 360 H/s on a stock GTX 1070 GPU with the 1.0.4a, overclocking brings even more hashrate.
If you are buying a GPU for deep learning and are looking for something to offset your costs, Zcash may be a reason to upgrade from a GTX 1060 to a GTX 1070, a GTX 1080 to GTX 1080 Ti. Our advice here is to get a larger card. At some point, adding additional GTX 1060’s is less efficient for deep learning, gaming and from a cost perspective. Since each PCIe slot has a cost if you decide to scale out, we advocate getting larger cards if possible.
There are many risks when it comes to Zcash mining on your NVIDIA Pascal desktop GPU. First, Zcash pricing can be unpredictable. We have seen major drops in value before (depicted above.) One also needs to be able to convert Zcash to standard currency which may incur transaction fees and/ or be difficult.
As you can see, factory overclocked cards to help add slightly more performance in Zcash mining. A direct result of improved hash rate is higher earnings per day. Note, this analysis was done on 20 May 2017 and it will have changed in the 48 hours until it was published, but these are good general guidelines:
ASIC Application-specific Integrated Circuit, an ASIC is the current ‘top of the line’ technology used in Bitcoin mining. It is able to generate orders of magnitude more hashes per watt of power than the next best technology. For greater detail, please see the hardware page.
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
–server us1-zcash.flypool.org (the — indicates a parameter with a valid keyword will follow, in this case server. Then a space and the variable for the parameter, in this case the flypool server address.)
dstm’s ZCash Cuda miner version 0.6 adds failover pool support, one of the features that we wanted to see the most to make this a really good alternative. It is not failover pool support only however, the latest version introduces support for configuration files as well and an option to control mining intensity for the GPUs. There are also a number of other new features added as well as improvements that might be useful for some people, but we can already say that dstm’s ZCash Cuda miner is now the better miner when compared with EWBF ZCash CUDA miner, so if you are still using EWBF’s software you might want to give dstm’s one a go. Do note that dstm’s ZCash Cuda miner should be faster performing in terms of hashrate with the same settings, also there is a 2% developer fee included with this closed source miner.
Zcash mining is very simple and it is good news for beginners now they need not to download full Zcash block chain. They need not to manage clunky command line miners with manual instructions. If you are a beginner you can go for Zcash mining directly.
ZCash is an anonymous cryptocurrency that uses zk-snarks to ensure that all the information regarding user transactions is safely encrypted, while still verifiable by miners that can ensure no double-spending has taken place using zero knowledge proofs.
Recommendations and Information found on Cryptopotato are those of writers quoted. It does not represent the opinions of Cryptopotato on whether to buy, sell or hold any investments. Investors should be cautious about any recommendations given. All investors are advised to conduct their own independent research into individual coins before making a purchase decision. Use information at your own risk.