Theres a few more things we need to do before we can start running the miner. First of all, we need to add this string of code to the config.txt, especially on 1-2GB video cards. This will ensure everything runs smoothly. Add this code to your config.txt file:
FPGA Field Programmable Gate Array, an FPGA is the former king of the Bitcoin mining world. An FPGA is an integrated circuit whos function can be changed as it can be reprogrammed. This makes if more versatile than an ASIC, but far less efficient in its ability. They enjoyed a short time between GPUs and ASICs as the most efficient way to mine. For further details, please see our hardware page.
Be aware .. i mined Zec and everything was ok for 2 months .. suddenly 10% drop of my hash rate without any reason for 5-6 days.. stealing hash a lot but not from the beginning like flypool… never replied to my question
Since cryptocurrencies have risen exponentially in the past few months people want in. One of the best ways to make money with currencies like Ethereum and Bitcoin is to ‘mine’ them. When you mine a cryptocurrency you are running a program on your computer to use your computers computing power on the network. Whenever your computer solves a piece of the puzzle, a block in the blockchain, your miner is rewarded. There are two main ways to mine:
Because of the slow start mining that Zcash has implemented the block reward is still growing, so even with price going down and the total network hashrate going up the overall profit for mining and selling Zcash remains pretty stable and most importantly pretty high compared to other crypto coins at the moment. Because of that it is a wise decision to mine and sell Zcash at the moment until the end of the slow start of mining when the block reward will stabilize at the maximum level of 12.5 ZEC and that should provide a more stable price per coin than at the moment. Mining ZEC coins now and keeping the coins may result in them loosing significant value at least in short term, though in long term it might still be a viable option, so consider what to do carefully.
Claymore’s Zcash (ZEC) AMD miner has been updated a couple of times already since the release of the initial version from some days ago. The number of optimizations and hashrate improvements with pretty much each major update has been tremendous, bringing back to life many of the old AMD Radeon GPUs such as 7950/7970 or the 280X, some of the most popular mining video cards for the last few years. The latest release, already a major version 6 brought more fixes and optimizations in terms of performance. As one would expect Nvidia is left behind once more, even though there were some signs that recently it was starting to catch up to the levels of performance of AMD GPUs, it is now yet again significantly slower. So owners of Nvidia-based mining rigs might want to switch to some other alternative for mining at the moment after the latest performance boosts from Claymore. Do have in mind however that Claymore’s Zcash miner does come with a 2.5% dev fee, below is a list of major changes and updates of the miner after the initial release:
lolMiner-mnx is a new miner for Mining MinexCoin (MNX) or any other coin that uses the Equihash 96/5 algorithm. Do note that the this is not the same algorithm used by ZCash (ZEC), there it is Equihash 200/9, so this miner is not compatible for mining traditional Equihash coins. The lolMiner-mnx is a closed source OpenCL miner being developed from scratch, so it is not based on existing opensource code. Currently it is available as 64-bit binary releases for both Linux and Windows, although it uses OpenCL it should compatible with pretty much any GPU including Intel and Nvidia and not only AMD.
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.
Cold Storage This is the process of moving your bitcoins to an offline wallet. The benefit of this is that no one can hack into your computer and steal your private keys if your computer is not connected to a network. Bitcoins will need to be brought back out of cold storage to be spent or transferred again.
Disclosure: Mining 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. Block reward is fixed at 10 ZEC and future block reward reductions are not taken into account. The average block time used in the calculation is 150 seconds. 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.
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.
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. We are mining with 6 threads on the CPU and on the whole NVIDIA GPU.
And that’s it, you’re ready to mine for Zcash. Simply click the Start.bat file and you should start mining. You can also look up the statistics of your miners on the pool website that you’re using by inputting your public address.
After you have accumulated a certain amount and you wish to withdraw it, click “wallet” and then “cash out”. Verify the amount and wallet address first. Within a few minutes, the amount will be sent to your wallet.
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.
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.
I have 1080 TI FE and instead of doing 8 USD/day – now am getting 3 USD/day with nicehash! doesn’t worth it’s effort working for now but i will keep it on for a while and will keep on watching. Hopefully!!
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.
The next step is to download the EWBF Miner. Only download miners from the official threads in BitcoinTalk. If you scroll down, you’ll see a couple of different download options. We’re going to use the Mega download link.
As solving these mathematical puzzles had become difficult, mining pools are being used. A mining pool is a joint effort between miners, so that even a miner with a relatively small amount of processing power can enjoy the reward, without having to solve the whole mathematical puzzle by himself, as it requires a lot of computing power (Hash rate). In the early days of Bitcoin, it was possible to mine Bitcoin with a standard processor of a personal computer (CPU mining). Afterwards, as the network grew bigger, the difficulty of solving these puzzles grew too, and it was no longer possible to mine using a CPU. For this reason, people shifted to using powerful “gamers” graphics card processes (GPU mining), as their design solves those puzzles much faster than a CPU. The next step was to shift over to ASICs (Application Specific Integrated Circuits which are basically dedicated machines built for the sole purpose of mining). Today, Bitcoin’s network is so heavy, that nobody can mine Bitcoin by themselves. As an individual miner’s power is relatively small, he will probably not be able to solve any puzzle before other more powerful miners do and new puzzles are issued, resulting in wasted work which practically gives zero income (in theory, an individual can solve a puzzle by themselves, but with Bitcoin the chances of success are smaller than winning the lottery).
One thing I will mention is that mining software is often flagged from antivirus vendors as containing malware even though they don’t. The reasons for the many false positives is that a lot of malware does contain these mining programs since botnet operators can secretly install mining software on unsuspecting user’s PCs and point to an address they (the botnet operator) controls. As a result, many of the antivirus vendors simply mark anything with a mining program as suspect. This is because even though mining is becoming more popular, it is still probably done by less than 1% of all computer users who would use antivirus scans, so to the antivirus vendors this means 99% of their target audience who has a miner program probably didn’t put it there themselves. They play it safe and just mark it as malware or PuP (potentially unwanted program) as they figure if you are a miner you know its there and probably have the technical ability to work around it.
It does mine but there is no way to get paid and you need to put your wallet address in some other website,the app crashes and suddenly stops constantly, it needs an update to fix all those software errors,is really bad design it should pay immediately after is done hashing and it should have a place to put your wallet so it sends the coins to the wallet directly and have no issues, very hard to get support, it seems to be working and hashing but just can’t get it to pay or no support, i don’t recommend it seems like a gimmicky lie
Asus GTX 760 DirectCU2 OC 2GB 60 4 1290 6450 368.81 99 Power target 105%, Coreclock +218 MHz, Memclock +442 Mhz, Min GPU voltage +100mV, fan manual 100% EWBF 0.3.4b Win 10 x64 Kappawaii new / used as of June 2017
Editor’s Note: We ran this analysis on 20 May 2017 when Zcash’s coin ZEC was $104 USD to 1 ZEC. By the early morning Pacific time of 22 May 2017 that had hit $124. As this is about to publish it is currently at $248 USD to 1 ZEC. These markets fluctuate greatly.
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.
Troubleshooting tip: Some miners have had success installing all GPUs at once, then installing the drivers. Others prefer to install only card, install the drivers, shut down the system, and then install the rest of the GPUs.
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..
We’ll be starting the miner using a simple text file that tells the operating system to launch the mining program. It also allows the configuration of settings when EWBF starts. These files can be created an edited with any text editor. On the Windows platform, the correct file extension is .bat. On Linux, it is .cmd.
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I can run it over my laptop with no issue but unable to run it on my Desktop (as it is on domain) Is there a way to run this script over a local network by using my domain username and password ? etc ? Thank you
Replace “eu” for your location, “ZEC-ADDRESS” for your zcash wallet address (transparent address) and lastly replace “-og 0” for the number of GPUs you’re using (as in -og 0 1 2 if you’re using 3 GPUs)