Crypto Mining Blog. All About BTC. The end result is that there will ultimately be 21 million Zcash, and 10% of it. Since initial public mining for Zcash (ZEC. Nov 11, 2017 - Zcash (ZEC) is a decentralized and open-source cryptocurrency that offers privacy and selective transparency of transactions. Like Bitcoin, Zcash has a fixed total supply of 21 million units. But if you do, this means the best hardware for mining Zcash tokens are standard GPUs and RAM.

Is a new decentralized and open-source crypto currency that is being advertised as an anonymous solution that offers privacy and selective transparency of transactions. Zcash payments are still going to be published on a public blockchain like other crypto coins, but the sender, recipient, and amount of a transaction will remain private. Zcash relies on zero-knowledge proofs in order to guarantee the validity of transactions on the network, but without actually having to reveal any additional information about them.

This makes it possible to conceal values and other identifying information from the public blockchain and users simply prove that the values balance out and that they are not double-spending the amount they want to send. Zcash is currently in beta and running on a testnet only, the official launch and genesis block on the mainnet is scheduled for October 28th or in about 21 days from now. This is when the first Zcash monetary units will come into existence, based on securely generated zkSNARK parameters, and when the mining of Zcash will actually launch. Currently Zcash is running a (the day before the official launch) a prize fund of $30,000 for the winner(s) of the challenge. Do note that the winning CPU miner entry will receive a $10,000 prize, the winning GPU miner entry will receive a $10,000 prize and the other $10,000 of prizes will be distributed to the Runners Up. Zcash is using the so called Equihash algorithm for the production of new coins.

Initially the Zcash interface will be a command-line tool on Linux, and will not include a graphical user interface, nor run on Windows or Mac OS at launch time. Zcash’s monetary base will be the same as Bitcoin’s – 21 million Zcash currency units (ZEC) will be mined over time. 10% of that reward will be distributed to the stakeholders in the Zcash Company — founders, investors, employees, and advisors, this is the so called “Founders Reward”. At first, 50 ZEC will be created every ten minutes and 80% of the newly created ZEC will go to the miners, and 20% ZEC to the founders. Every four years, the rate of ZEC being created will halve. After the first four years the ZEC created per ten minutes will drop to 25 ZEC, but after the first four years, 100% of it goes to the miners. The end result is that there will ultimately be 21 million Zcash, and 10% of it, or 2.1 million ZEC, will have been initially distributed to the founders.

With this approach, the founders are incentivized to support Zcash for the long haul (at least for four years), and they have limited ability to pump-and-dump. Since initial public mining for Zcash (ZEC) will most likely be limited to CPU mining on Lunux only, there is already an interesting alternative available from as they have started taking pre-orders for cloud mining of Zcash. The company is offering three different basic cloud mining plans that are with a 1 year term and no additional maintenance fees applied, so the price you pay for the hashrate is the final one. Currently you can get 0.1 H/s for $29 USD, 1 H/s for $280 USD and 10 H/s for $2600 USD. Do note that these are pre-order prices and there is no guarantee what will happen with Zcash once it launches even with the already big interest in it from users. You can also use our special discount code during checkout to get 3% off the regular prices for Zcash mining hashrate, just enter CryptoMiningBlog5 as promo code during checkout to take advantage of the lower price. – Other Similar Publications: • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •.

@Jones Most people seriously into Crypto use Linux in some form or another. If someone can not install Ubuntu Desktop I don’t really consider them computer literate. Additionally almost no large scale mining farms use Windows. Windows is a huge security headache and it’s kind of dumb to put your gold mine (GPU rigs) and piggybank (Wallet) on a Windows machine. Just because 80% of the world uses it to check their email does not mean that 80% of people in crypto in a SERIOUS way use it. Most are on Linux or Mac (also based on a form of Unix) for the aforementioned security issues. So, you look a bit n00bish, suggesting ZCash is a scam because you can’t point and click your way to mining it.

Educate yourself. If you can use command line miners in Windows you can do the same in Linux. BTW: There is an open source GPU miner being developed separate and apart from the contest and it should be available in about a week or perhaps less. It’s focus is on AMD GPUs for the same reason ZCash focused on Linux.

Because most serious miners in crypto use AMD cards. Eric Voorhees, Roger Ver, Vitalik Buterin and others aren’t people who support scam coins. Like I said, educate yourself so as not to appear a n00b. @TheRealZer0Cool Okay pro, i think that “most serious miners” uses amd bcause the amd are more eficient, now you teach me that they uses to look more cool in the crypto world. Hardware Required To Mine LBRY Credits LBC. Has you can see, AMD loses their throne for nvidia on every coin, this include ETH if u deep search you will find some people making 32Mh/s with 100W on a GTX 1070. My farm uses windows, and almost of my cards are NVIDIA, if i try to put LINUX on it, my power consumption will increase more 20% just bcause not-optimized drivers, bcause u now, Hardware manufacturers will never spend same time doing a LINUX driver has they spend to opmize windows drivers. Vitalik by the way supported ETC But by the way, i don’t care what u think about me, also if you prefer, can call me n00b.

@Jones They are doing the miner contest to make mining accessible, but since most use Windows, there will be no casual miners to help decentralize, at least not at start. I mine on Windows just because currently 4xx cards can’t be easily undervolted on Linux. Use Linux for wallet if you are worried about security.

@TheRealZer0Cool 1070 is arguably faster than an RX-470/480, but it costs nearly twice as much. Custom bios 470 8GB can push 30MH, for $240, 1070 can do 32MH, for. $400+ 7% faster for 70% more cost is not what you call a winner.

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What is Zcash? You have probably by now heard about Zcash which is a new cryptocurrency that is currently in development. It is expected to launch on October 28th, 2016. Zcash will use the Equihash () algorithm, which is a new, memory-hard, proof-of-work mining algorithm that is based on the generalized Birthday Problem and Wagner’s algorithm for it. Nexus NXS Mining Calcualtor. Zcash was influenced in large part upon the Bitcoin protocol and what separates it from most other cryptocurrencies is its goal from the start to provide users with more privacy in their transactions.

With Bitcoin, although there is a disconnect from the user and their BTC address, every transaction can be linked from its origin and a lot of information can be gleaned by studying the block-chain. Zcash gets around this problem by having two kinds of address.

The first is called a z-addr which is a fully private address that uses the zero-knowledge proving system to shield a transaction and provide privacy. It also utilizes a t-addr (transparent address) which is similar to a Bitcoin address, in that it is publicly view-able and traceable. According to the website: Zcash offers total payment confidentiality, while still maintaining a decentralized network using a public blockchain. Unlike Bitcoin, Zcash transactions automatically hide the sender, recipient, and value of all transactions on the blockchain.

Only those with the correct view key can see the contents. Users have complete control and can opt-in to provide others with their view key at their discretion. Zcash is a decentralized and open-source cryptocurrency that offers privacy and selective transparency of transactions using advanced cryptography. Zcash payments are published on a public blockchain, but the sender, recipient, and amount of a transaction remain private. Zcash launched on Friday, October 28th and mining began soon after. The launch included a “slow-start” mechanism, meaning the block rewards would scale from 0 to the full block reward of 12.5 ZEC over a period of 20,000 blocks, or roughly 34 days.

Ten days after the launch, the number of mined block stands at just under 6,000, so the mining is progressing on schedule. The current block reward is around 3.6 ZEC, which ~2.9 of that is rewarded to the miners and the other 20%, or 0.73 ZEC, is set aside for the founders reward. You can read more about the slow-start and the founders reward later on in the article.