Hey Charlie, OK, I expect you’re checking that out on the South African Bitmart.co.za site which sells miners and other crypto gear? It’s their name for 6x 1080 GPUs in a re-assembled rig… So sure, it’ll be good for mining zCash, as that’s its intended purpose after all and the 1080 GPU is a good miner. That said, electricity in SA has become pretty expensive and Bitmart’s prices are fairly steep. Their setup goes for R88k but I see that a single GT 1080 (basic model, not the Ti) goes for about R10k on Evetech: https://www.evetech.co.za/PC-Components/buy-nvidia-geforce-gtx-graphics-cards-47.aspx You should check which… Read more »
I hope you’ve found this guide useful! In the video, I quickly cover overclocking and turning down your power consumption via MSI Afterburner, so make sure to watch it as well. If you run into any issues or have any questions, comment here in the blog or in the video comments, and I’ll try to help as much as I can.
If you’re reading the newbie’s guide to Ethereum mining and have a GPU that’s powerful enough to make it worthwhile, we’re going to assume you’re running Windows, so we’ll focus on mining Zcash on that platform.
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Mining and holding crypto is similar to the old adage of buying low and selling high, except for the fact that most buyers don’t know how to do technical analysis, so they buy and sell at the wrong times. They buy high during parabolic price increases and sell low during what could be normal price corrections on continued upward trends.
You mention Linux, my only question is… are you gaming on Linux as well, or just dual booting? I know there isn’t an nvidia-docker for Windows, so I was wondering the easiest/quickest way to start up a zcash instance on the side.
Digital currencies are mine to a transparent address but it can be spent to shielded address or Z-address. This currency should be swept out of the transparent address in one transaction without any changes. You should use the Z-sendmany command to send currencies from a transparent address to shielded address. You need 4GB RAM for this process.
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!
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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.
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.
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The card should have at least 1 GB of RAM, or it won’t be able to properly mine Zcash. This is a correction from the video, as EWBF supports GPUs with just 1 GB of RAM, compared to Ethereum’s 3 GB requirement. However, many older cards may not be energy efficient enough to turn a profit, so check on whattomine.com by entering your card’s info.
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)
If you have a Linux CUDA compute machine available we highly recommend using nvidia-docker. Installing different CUDA versions for Zcash mining and deep learning frameworks and managing versions can be painful. Using nvidia-docker you do not have to worry about that.
The GeForce® GTX 1080 Ti is NVIDIA’s new flagship gaming GPU, based on the NVIDIA Pascal™ architecture. The latest addition to the ultimate gaming platform, this card is packed with extreme gaming horsepower, next-gen 11 Gbps GDDR5X memory, and a massive 11 GB frame buffer.
Bminer is a relatively new miner for Nvidia GPUs for mining cryptocurrencies using the Equihash algorithm such as Zcash (ZEC). It is a closed source miner, available for both Windows and Linux operating systems and comes with a 2% dev fee included (optional, though disabling it apparently removes some optimizations). Bminer comes as an alternative to the popular EWBF miner, the development of which has been stalled for a while already, as well as the more recent dstm ZCash CUDA Miner that looks promising and is actively being developed, but still lacks some features such as failover pool support for example. So any new alternatives such as Bminer that are being actively improved and developed are more than welcome for the users and the crypto community as well.
I have a Trojan.GenericKD.5331716 in any download for the nheqminer for windows. Does not matter what source I go to. Best be aware. If someone has a source that does not contain it, would be happy to receive.
The price of Ethereum mining machines must be adjusted frequently according to many factors, including ETH/USD exchange rate, the network difficulty, and expected difficulty increase. Refund requests based on price changes cannot be honored.
In terms of durability, Zcash will heat up your GPU 24×7 if you let it. Founder’s edition cards using default settings will hit 80C if the ambient temperature is high enough. Cards like the EVGA 1060 6GB card cannot handle the cooling required for Zcash mining for 24×7 operation.
Now that you’ve got your hands dirty, just sit back and watch your zcash roll in! Be aware that you are mining to a transparent address (it starts with t). You can follow this guide to learn how to create a private and transparent wallet
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 the batch file to run the program. If everything is running correctly you should get a screen similar to the one shown below:
The biggest limitation of the official Zcash software is that it only takes advantage of your CPU to mine. If you have decided to build a dedicated GPU rig for mining the basic software will not be enough, you will need to decide on software that has been optimized to take advantage of your GPU’s.
Aujourd’hui, les monnaies qui utilisent equihash sont : Zcash, Zclassic, ZenCash, Hush, BitcoinZ et plus récemment, Bitcoin Gold (j’ai fais un article sur BTG en anglais que vous pouvez aller voir en cliquant ici)
We’ve been using Nanopool for our ETH mining rigs for over 4 months, and it works just fine. Dashboard is very clear and makes it easy for newbies like us to setup. Payments are released once or twice a day when every time we reach our ETH threshold. So far, no caomplaints whatsoever. Plus, they send you email notifications every time a rig stops mining for any reason.
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.
Similar to the Claymore miner (which does not currently support Zcash mining under Windows), the EWBF miner contains a 2% developer fee which can be turned off in the batch file. It is noted in the thread that disabling the fee will slightly reduce hashing power, similar to that same behavior with Claymore’s miner.
There are a lot of user-submitted crypto mining benchmarks out there. Our methodology is simple. We ran these systems 24×7 for 72 hours and averaged the last 12 hours. That is an important feature because NVIDIA Pascal GPUs will throttle under heat so the first 20 minutes of mining can be much faster than full heat-soak. We have a nvidia-docker mining container to simplify mining so we can deploy it on our cluster machines and provide consistency.