If you are okay with the risks, then Zcash mining offers a way to monetize your NVIDIA GPU. We did try mining on Maxwell, and for that, Monero was more efficient. The impact of this cannot be understated. The Geforce GTX 1070, GTX 1080 and GTX 1080 Ti are still the top dogs for gaming, VR, deep learning, and most other deep learning activities, at least until AMD Vega launches and becomes available. With Zcash mining, NVIDIA GPUs can remain competitive on crypto mining profitability.
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
[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
In this post I’ll break down the various steps required to mine the eagerly anticipated Zcash which is due to be released on the 28/10/16. In advance of the launch day we can prepare our machines to be ready right from the very start.
For the CPU part of this guide, we are going to use Nicehash miner. While this miner works for both CPU and GPU, we are going to get the best performance if we use different miners for CPU and GPU. This is because the Claymore miner is faster but only works for CPU.
Once you have your batch file configured with your settings, it is time to test it out. Save and close the text editor and then double click on the batch file to run the program. If everything is running correctly you should get a screen similar to the one shown below:
Keep in mind that Equihash makes CPU mining still somewhat feasible for Zcash. However, you’ll mostly receive a better RoI with GPU investments, so consider the options above first before exploring your CPU options.
It also ensures that information of transaction is verified by the miners. It means that this digital currency provides selective transparency and privacy of transaction. The payment of Zcash may be published publicly on public block chain but the transaction amount, recipient, sender may remain private.
Private Key This is the part of data that you keep secret in your Bitcoin wallet. Every Bitcoin address has a unique private key attached. Possession of this key is what allows you to maintain control of those bitcoins. If someone else is able to obtain your key, they also have control of your bitcoins.
Since we included –api you can monitor the miner with a web browser as opposed to the command/terminal window. On the mining rig, navigate to 127.0.0.1:42000 in a web browser. You should see a screen like the one below.
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.
On the GPU we are going to use the Claymore miner. Claymore has a long-standing reputation for optimizing miners and this miner speaks for it. It improves the hashing rate considerably and that is why we are going to take the time to download and use this miner as well. The genoil miner only works for pool mining and with AMD graphic cards. This miner charges a 2.5% developer fee. Every hour the miner mines for the developer during 90 seconds. However, the performance increase is well worth the fee charged. If you don’t agree with the dev feem, don’t use this miner
I think nowadays altcoin mining become faded. Since mining is not a good solution for scaling up the altcoin. The altcoin is going to change from POW to POs. And there are more and more ICO with fixed amount of tokens. So the future of mining is not so optimistic…
From a security minded engineer: How can I trust someone sharing Windows executable via Google Drive and using WinRar? The guide is nice but it raises lots of security concerns. There’s no auditable open source code and stamp by security experts. Not long ago we had WannaCry spreading in the wild.
If the invalid shares were to exceed 3%, or stay at a constant 2%, you should check first to making sure you are connected to the flypool server nearest you. If you look on their homepage they will list different addresses for servers located in different parts of the world. The next thing to check would be back on the miner to make sure you are not seeing any errors being generated there. There are too many possible scenarios to cover all in this introductory article, so I will leave any in-depth troubleshooting for a later guide.