What To Mine After Ethereums Pos: World's First Bitcoin Mining Pool Adds Zcash Support
What to Mine After Ethereums PoS: World's First Bitcoin Mining Pool Adds Zcash Support The development team behind the anonymous cryptocurrency Zcash revealed that Slush Pool, the worlds first Bitcoin mining pool, has added support for Zcash. Zooko Wilcox, the CEO of Zerocoin Electric Coin Company (ZECC), the development team behind the anonymous cryptocurrency Zcash, revealed that Slush Pool, the worlds first Bitcoin mining pool, added support for Zcash. In a public statement, Slush Pool announced : We have introduced support for Zcash mining today. That is quite a huge step for us, as we have focused solely on Bitcoin and merged mining so far. It took us many months to develop and thoroughly test our Zcash mining system. We have already successfully mined over 20 blocks during the private testing stage and we are hungry for more. In its blog post entitled 5 Reasons to Mine Zcash with Slush Pool, Slush Pool outlined five major reasons why miners should be interested in mining Zcash. One of the reasons listed by the Slush Pool team was Advanced Account Security. In October of 2016, Trezor reaffirmed the importance of Universal Second Factor (U2F) and its advantages over applications such as Googles Authenticator that is built on top of a 2FA implementation called a Time-based One-time password. While the TOTP method utilized by Google and its widely utilized application Google Authenticator is simple to implement, the Trezor development team revealed that it has severe weaknesses and inconveniences. Mostly, the disadvantages of TOTP are related to security issues that may arise due to the lack of back up and the maintenance of backup codes online. Any file, data or server that is connected to the Internet and brought online can be vulnerable to attacks and security bre Continue reading >>
Ethereum Vs Zcash - Crypto Mining Blog
All About BTC, LTC, ETH mining as well as other alternative crypto currencies Mining Profitability of Zcash (ZEC) and Ethereum (ETH) Is Now Pretty Much the Same After the initial craze due to the scarcity of Zcash (ZEC) coins and the big demand the prices has skyrocketed, but now with the slow start of mining progressing and the total block reward almost at 4 ZEC things are starting to stabilize. The initial crazy high profit for mining and selling Zcash coins seems to be over and at the moment mining and selling ETH or ZEC does bring almost the same profit for some GPU miners, though not for all. Miners with older AMD Radeon 790 and 280X GPUs still have higher profit mining Zcash than Ethereum, but for users with RX 480 for example things are already on the line to switch back to Ethereum. Nvidia seems to be currently lagging as far as performance optimizations for Zcash go, so the profitability there could be better for another algorithm or mining for another perspective in the long term crypto coin might also be a viable option. You can keep track of the current profitability with the help of some useful mining calculators like the ones provided by CryptoCompare for both Zcash (ZEC) as well as for Ethereum (ETH) along with a few other popular coins such as Ethereum Classic (ETC), Monero (XMR), DigitalCash (DASH) and Litecoin (LTC). Make sure you set the correct hashrate your mining hardware is providing for each algorithm to make a proper calculation as different GPUs do provide different hashrate for the various algorithms. Do note that Etheeum Classic might also turn out to be pretty profitable alternative as well for some video cards that are still providing higher hashrate for the Ethash algorithm. Continue reading >>
Zcash Mining On Nvidia Pascal Gpus: We Benchmark And Compare
Zcash Mining on NVIDIA Pascal GPUs: We Benchmark and Compare Zcash Mining on NVIDIA Pascal GPUs: We Benchmark and Compare It is no secret that AMD holds a solid leadership position in the world of cryptocurrency mining. For many of our readers, NVIDIA GPUs have a good mix of gaming and deep learning training capabilities. After our extremely popular Monero mining series, which works well on AMD GPUs and Intel/ AMD CPUs, we started looking for a cryptocurrency mining application for NVIDIA GPUs. We re-discovered Zcash mining. Several months ago, we tried Zcash mining in Docker and even published Docker containers for CPU mining. Although we have CUDA enabled Monero mining containers, they performed well, but not significantly better than CPU mining. When we built a new image with Pascal GPUs we found that NVIDIA GPUs can keep up profitability in-line with using AMD GPUs to mine Zcash or Monero. Editors Note: We ran this analysis on 20 May 2017 when Zcashs 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. Comparing NVIDIA Desktop Pascal GPUs for Zcash Mining For this test, we are using the EWBF 0.3.3b miner . We are comparing all of the GTX series GPUs in terms of mining performance as well as power consumption. For the NVIDIA GTX 1070, GTX 1080 and GTX 1080 Ti we have both Founders Edition and overclocked variants. We did not test the GTX 1050 (2GB) and GTX 1060 (3GB) variants because they have significantly lower value for gaming and machine learning. We are assuming these GPUs are not dedicated miners and instead Zcash mining is something to utilize hardware while it is idle/ offset costs. Here is a list of cards that we Continue reading >>
Bitcoin And Zcash: How Do They Compare?
AlexSunnarborg is the founder of Lawnmower, a blockchain investing and market data platform founded in 2015. In this opinion piece,Sunnarborgcompares bitcoin's attributes with those of the newly launched cryptocurrency Zcash, providing an overview of how he considers the market potential of each . With the launch of Zcash today (and the speculation surrounding it) you may bewondering how the decentralized, open-source cryptocurrencycompares to bitcoin, the original digital currency. While many structural similarities to Satoshi Nakamoto's bitcoin design are obvious, Zcash utilizes advanced new cryptographic techniques to offer optional improved privacy and transparency, as well as its own unique blockchain. But, despite the differences, there is common ground. Zcash's supply model is extremely similar to bitcoin's ,with a fixed and known issuance model that is cut in half approximatelyevery four years. As well, there is a maximum of 21m units of both Zcash (ZEC) and bitcoin (BTC) which will be mined over time. Given these similarities, it's easy to see why the price and market caps of the two assets are often compared. Nearly eight yearsafter bitcoin's genesis block was formed, more than 15.75m BTC have already been mined (representing over 75% of the supply that will everexist on its blockchain). Zcash'sdevelopers are now standing by to launch a similar cryptocurrency, albeit with somekey differences. Small changes to the blockchain and issuance structures meanZEC will havea 2.5-minute average block time and an initial block reward of 12.5 ZEC. There will also be a " slow-start "period during the first 20,000 blocks (about 34 days) where the block reward linearly increases to 12.5 ZEC. This is designed to reduce the impact of a potential negative event like "a major b Continue reading >>
It Is No Longer Worth It To Build An Ethereum Mining Rig
It Is No Longer Worth It To Build An Ethereum Mining Rig Building an Ethereum mining rig hasnt been worth it for months, and soon they will be completely obsolete. Goodnight, sweet prince. Image: Daniel Oberhaus/Motherboard Back in May I wrote a guide explaining how to build an Ethereum mining rig , a special type of computer that forms the backbone of the Ethereum network and earns ether, the digital currency native to the network, for its owner. Shortly thereafter, Motherboard also made a video documenting this process . Since then, Ive received countless emails from readers inquiring about my mining rig. Ive received three such emails this week. The most common question voiced by these readers is whether or not it is still worth it to build a mining rig. The answer to this question is no. Building an Ethereum mining rig hasnt been worth it for months and a few months from now, mining ether will be completely obsolete. Read More: An Idiot's Guide to Building an Ethereum Mining Rig Arguably, building an Ethereum mining rig wasnt even worth it when I built my machine in May, and many readers let me know this when the article and video first came out. This is somewhat true, but there is a necessary caveat here. Mining ether also wasnt worth it for about the first year and a half of the cryptocurrencys existence. The price of ether hovered around $10 from 2015 until early 2017, when it saw a spike to $25. This was important because it meant the value of the ether being mined was higher than the cost of the electricity that was needed to mine it. In other words, until that point small scale mines were operating at a loss in the belief that the tokens they were mining would someday be worth a lot more money. In hindsight, these early miners were rightthe price of ether has Continue reading >>
How To Build And Run A 6 Gpu Mining Rig For Zcash Or Ethereum With Nvidia Gtx 1070
GPU pricing got a little crazy this year for a few months, and I took a break from building new GPU mining rigs because they were too expensive. I believe AMD GPUs are still a little overpriced and hard to buy, so I decided to build six Nvidia GPU based mining rigs. AMD RX 480 and 580 GPUs work really well on Ethash mining algorithms, and do a decent job on Equihash. Nvidia GPUs are the opposite they do better on Equihash and are decent with Ethereum. If you watch my latest youtube video,CryptoCurrency Mining Strategies and What I am Mining Sept 2017 (below), you will see that I advocate mining with many different types of miners, and mining many different types of cryptocurrencies, all at the same time. For example, in the past few months I have mined BTC, DGB, BCH, ETC, EXP, ETH, UBQ, ZEN, ZEC, LTC, MUE, DASH, and others. I also run masternodes and stake different cryptocurrencies to participate in other crypto generating activities. Although the leaders in the cryptocurrency mining space are BTC, ETH, LTC, DASH, ZEC, and XMR, there are benefits to mining lesser known cryptocurrencies, if you are able to hold them for a while. The smaller cryptos are volatile, and as long as they have a good team developing and improving them, they will go up in price over time. By holding then converting a portion of your mined cryptos to Bitcoin or Ethereum when the price doubles, you improve your mining profitability substantially. And as long as the cryptocurrency has good prospects, if you hold it for a long time it might go up in value 5x, 10x, or even 100x. This has happened in the past, and will happen in the future. Anyway, to make a long story short, Nvidia GTX 1060, 1070, and 1080 GPUs are good for mining ZEC and ZEN, and since I believe both project have good long-term pr Continue reading >>
What Is Zcash? Zcash Vs Bitcoin, Which Wins In 2017?
Jordan Tuwiner Last updated November 11, 2017 Zcash (ZEC) is a decentralized and open-source cryptocurrency that offers privacy and selective transparency of transactions. Zcash payments are published on a public blockchain, but the sender, recipient, and amount of a transaction remain private. Zcash was the first open, permissionless cryptocurrency that can fully protect the privacy of transactions using zero-knowledge cryptography . Zcash is based on peer-reviewed cryptographic research, and built by a security-specialized engineering team on an open source platform based on Bitcoin Cores codebase (Hard Fork of Bitcoin). Zcashs improvement over Bitcoin is the addition of privacy. Zcash uses advanced cryptographic techniques, namely zero-knowledge proofs, to guarantee the validity of transactions without revealing additional information about them. Like Bitcoin, Zcash has a fixed total supply of 21 million units . The initial Zcash protocol was launched as Zerocash in 2014. Zcash was developed through a collaboration between the original Zerocoin researchers at John Hopkins University and a group of cryptographers at the Massachusetts Institute of Technology, the Technion Israel Institute of Technology, and Tel Aviv University. Through this partnership they built upon and improved the original protocol by making it more efficient and private. The Zcash Project was formally announced by ZECC CEO Zooko Wilcox-OHearn on January 20, 2016 as in evolution of the existing Zerocoin Project (the work of Matthew Green, Ian Miers, Christina German, Aviel D. Rubin, at the John Hopkins University Department of Computer Science, Baltimore). With the new Zerocash protocol, users can make direct payments to each other with a vastly more efficient cryptocurrency protocol that also hid Continue reading >>
Aside From Eth And Zcash, What's The Next Big Cryptocurrency In 2017?
Aside from ETH and Zcash, what's the next big cryptocurrency in 2017? People cannot see the long term vision! The CEO of electroneum Richard Ells is a marketing genius. He brought 120K into the ICO and overall there registered 400K people on the site, and all that achieved with almost no marketing budget. JUST imagine what they can do with over 40million in cash now. They have a huge budget for advertising ETN. Richard will flood the internet and social media with ads across the globe and this coin will go viral like Pokemon GO. Imagine tens of millions using the app in India, China, Africa, USA. When the masses realize they can make real money on their phone by only pressing a button the price will explode. Almost nobody in the world is aware of Electroneum or the possibility of mining on a phone. Some buyers here really do not reliaze what they have in their hands right now, a golden coin that will go viral and make them a huge amount of money if they only can Hold for a while. You missed Bitcoin? Me too, but we now have a second chance. You own a golden ticket for your future and retirement - Are you aware of that? The ICO for Electroneum is closed already. You can buy Electroneum only through exchanges now. It is already listed on cryptopia & will be listed on many others exchanges soon. Originally Answered: Whats the next big cryptocurrency to mine besides ETH and Zcash? If you want to make money in the cryptocurrency sphere, I dont think its worth mining. There are so many cryptocurrencies popping up that it is impossible to stay on top of them all. Instead I recommend approaching it like a venture capitalist does when investing in startups. Venture capitalists realize they make more money by investing in a portfolio of startups instead of working for just one. L Continue reading >>
Mining Eth, Xmr Or Zec | Crypto-news.net
Commodity trading is often challenging. Things are different when it comes to digital currencies like Altcoins Ether, Monero and Zcash. The standard is daily movements go beyond one percent which is the practice for any crypto currency. The process here is mining instead of trading. Ether is an element of fuel for operating Ethereum which is a platform for distributed application and payment mode made by users to machines which execute requested operations. Monero or XMR is an open-source virtual currency that was first made in April of 2014. It concentrates on three elements such as confidentiality, scalability and decentralization. Monero is based not on Bitcoin but the Crypto Note Protocol and has essential algorithmic differences related to the Blockchain. Zcash is a decentralized and open-source digital currency created by a company called Zcash Electric Coin Company. It offers selective transparency for all transactions as well as absolute privacy. All payments are published on the public Blockchain but identities of senders, recipients and transaction amounts are kept private. It has a fixed aggregate supply of 21 million units just like the Bitcoin. PCs with Graphics Processing Units (GPUs) are capable of running programs that can mine crypto currencies. Miners with Windows (Advanced Micro Devices / AMD or Nvidia graphics cards) can start mining with the following steps: The Direct X Diagnostic Tool will open after this. Information about the graphics card will be shown in the Device section of the Display tab. The miner will be able to see the name of his or her card and video memory. Now, you can start collecting Ether, Monero and Zcash with these graphic cards and electricity. This is known as Claymores Miner which is a mining program for Altcoin. It downloa Continue reading >>
Zcash Vs Ethereum: How Do They Compare?
Zcash is based on the Zerocash protocol which aims to fix Bitcoins privacy issues wherein every users payment history is in public view on the blockchain. Yes. Zcash guarantees privacy by providing Zerocash payment transactions that do not reveal the origin, destination, or amount of any transaction. Why are Zcash and Ethereum a perfect pair? Ethereum will be implementing Zcashs zK-Snark proofs on its blockchain. This will enable private transactions and allow Ethereum smart contracts to send and receive Zcash. As the cryptocurrency economy develops and begins to engulf the world of alternative investments, the community continues to discuss the best new applications of blockchain technology and how these projects can not only develop on their own but come together to bring a decentralized solution to the internet. Two applications of blockchain technology that will soon have real-world uses involving conducting completely private transactions via the blockchain and the use of smart contracts through decentralized applications (DAPPS). Zcash, a protocol that provides a privacy-preserving version of Bitcoin, aims to help users pay one another directly via payment transactions that reveal neither the origin, destination or amount of payment. On the other hand, Ethereum provides a decentralized virtual machine which can execute smart contracts, store data and facilitate services currently centralized by the global economy. Although similar in decentralized scope, Zcash and Ethereum are structured differently and aim to accomplish different goals within the blockchain community. As you will see below, despite their inherent differences, these two platforms aim to work together to change the future of the internet and the future of decentralized protocols. Zcash is based on Continue reading >>
Best Method To Mine Virtualcurrency In 2017: Bitcoin, Zcash, Litecoin, Ethereum
Best method to mine virtualcurrency in 2017: bitcoin, zcash, litecoin, ethereum When buying mining hardware became profitless for normal people, it started to appear a lot of websites that sold infinite mining contracts or for a period of time.If you do the proper math on those contracts, you will find that you will lose money and the best option is just to buy bitcoin (even if the price raises).So those "mining contracts" are in most of the cases a scam, even if they own the mining hardware. Today after several research we found a great idea, which is called nicehash . This website is not a mining contract, it actually connects the miner and the people that needs hash power.They provide a platform where buyers of hash can place a bid for certain amount of hashing power. Several people is doing SOLO mining while buying a lot of hash power to increase the chance of obtain the block solution. Nicehash can be very lucrative when you need a lot of hash power in short period of time and it can cost little money. We were doing some test from both sides, buying and selling hash power and the site is real. We also made several houndred dollars buying hashing power for certain moments where mining is the right thing to do. Here is the result of our mining rigs with 4 gpus, two rx 470 and two hd7950: Continue reading >>
How To Mine Zcash: The Complete Guide To Zcash Mining
In October of 2017, JP Morgan and Zcash announced a partnership that would integrate Zcashs technology into JP Morgans Quorum. You should read this guide to find out why JP Morgan and the rest of the crypto space is buzzing about Zcash. Its the 24th highest ranked coin out of nearly 1,600. Lets find out why it has become one of the hottest coins to mine! This guide will tell you all about what Zcash is, what Zcash mining is, what some of the best mining equipment out there is, and much, much more! Well start out by talking a little bit about Zcashs back story before we get into how to mine it. If youre already confident with your knowledge of Zcash itself, feel free to skip to the How to Mine Zcash section. Zcash initially started as a Bitcoin fork, originally called the Zerocash Protocol. The title was eventually shortened to Zerocash, and then finally, Zcash, in 2016. Like Bitcoin, Zcash has a limited supply of 21 million coins, but that is where the similarity pretty much stops between the two coins. The two coins greatly differ when it comes to transparency. When you use Bitcoin, if you know someones address, you can see all of the transactions with detailed price amounts. However, with Zcash, all of the information like payment destination and amount is encrypted so your financial history is kept secure. Zcash merely shows that a transaction took place, but not who the transaction was between, or how much money the transaction was for. Zcash staff refrains from calling the payment system anonymous, yet the protocol has many characteristics that one would consider anonymous. Like Bitcoin, there are different ways that you can mine Zcash. The two primary methods for Zcash mining are Pool Mining and Solo Mining. Below, I will break down the difference between Pool Mi Continue reading >>
Zcash Vs Eth Mining Ethereum Community Forum
My rigs are running ETHos, zcash-miner. The pool I'm using is zcash.flypool.org. Not an endorsement or recommendation for the pool, but it just happened to be the first one I saw, and tried, and haven't had any issues with it. Same here. EthOS on Flypool, why flypool for the exact same reason as you. With ETH it was pulling about 600 mh/s ~$30 in a day. With ZEC is pulling about 850 mh/s ~$130 in a day. Now with less people mining ETH it should probably be mining ~$45 today. Eventually they will even out, making it harder for us to choose. sure its more profitable to mine zec day to day now but i know ppl who mined eth from the beginning and didnt sell till it was at $18 lets just say they made years worth of work on that deal Just a comment from a person working in finance. If you are looking to gain from an increase in the price of ETH, just buy the ETH, as a hedging strategy, and sit on it while mining ZEC (just as long as it is more profitable to mine ZEC). When I made my initial investment to mine ETH, I took the sum in dollars and worked out how much ETH it could get me. Taking the costs out of the equation, lets say I invested 1000 ETH equivalent at day zero. At the moment I finally mine that much ETH (300 days later) I can say I have recovered my investment from the mining activity. If that day, the price of ETH happens to be $50 it would have been the same profit had I just bought the 1000 ETH at day zero. The days 300+ of course, should be all profit from "Mining" activity. Continue reading >>
To Mine Or Buy Ethereum/zcash/monero In 2018
To Mine or Buy Ethereum/Zcash/Monero in 2018 Share on Facebook Share Share on Twitter Tweet Share Share Since the beginning of the second half of 2017, I call myself a proud crypto investor- currently investing in the 4 major cryptocurrencies - bitcoin, ethreum, litecoin and ripple. Starting July 2017,using dollar cost averaging I keep buying crypto coins once in the month. So far, the total crypto portfolio shows an awesome 132.98% year to date value growth. A couple of days ago I decided to give it a try and set up a 12 GPU ethreuem mining rig , for that I headed to Amazon.com and ordered goodies (motherboard, graphics card, risers, processor and so on) Now, in total, I spent $960 for a bare minimum, just one GPU, which I'm planning to extend during 2018, by adding a new card once in the month. I decided to compare/forecast/predict - should I rather had invested $960 directly purchasing ethereum, zcash or monero, instead of building a mining rig. From money invested in mining rig ($960), I could buy 2.03ETH. By knowing approximate hashingpower (22.5MH/s) and electric costs ($0.08) I calculated how much I could earn with just 1 GPUin one year. The result is not at all impressive - just 1.23 ETH. Apparently, if you are deciding to invest in mining rig - one GPUmight be too short to get back your investment in a foreseen future. As I'm planning to run a full 12 GPUEthreum mining rig, the cost for it would be, if all parts bought at once - $3,880.93. Let's see how much ETH a 12 GPUmining rig could theoretically produce in a year: 14.73 ETH - Now, that already seems as a nice result. If convertedback to the USD using today's ETH pricing (which is wrong, as we have no clue what will be the price for ETH at the end of 2018) we could get $6959.33, or profit at $3,079. Nice. Continue reading >>
Zcash Vs. Eth Mining
So im currently mining on 5 r9 380x's, 6 rx 570's and 1 rx 480. Im getting about 275-285mh/s on ethermine.org pool. im sucking about a total of 2850 watts at 9 cents per kwh (cheap i know). Im making what like 42$ a day on average which im happy with BUT ZEC is worth about the same as ETH so i was thinking of diversifying my systems and mine 2 different coins just in case, i have 3 rigs, maybe make my 2 gpu rig (one 570 and one 480) mine zec and see how it goes. Only thing is its 1000000x more confusing than ETH tutorials. Setting it up is around the same way but im wondering why calculators say i will loose money (like 1.50$ per day) with a 2 gpu rig sucking about 300-350w max when with ETH ill make money either way. Mostly i dont get what is the difference between sol/s and mh/s. whats the conversion rate of the two? Then what kind of hashrate would i expect from a 2 gpu rig...would it be in single h/s or kh/s or mh/s because on the calculator if i put in sol/s or h/s i will loose money so i need to make at least 1000h/s to actually make money. but then factoring in power consumption...etc... edit: im seeing people report anywhere between 350 and 25 sol/s on 480's...wtf is this and all posts are between 2015 and now. Ether mining produces hash rates thousands of times faster than Zcash, so you use MH. They are fundamentally different measurement. ZCash reads out in sol/s because the Devs believe it is a better measure than hashes. That last sentence makes little sense and is misleading. OP, it sounds like you were equating the hashrate your cards get ethereum mining to zcash mining. You should just test mining some zcash to see how fast your rig is. At the moment, your AMD cards are almost certainly 15%+ more profitable mining eth than zcash, but that can change very Continue reading >>