ZCASH Mining is it worth ?

in #cryptocurrency8 years ago

zcash.png
Zcash is popular among miners as well, including the small miner.
Z cash uses zk-snarks to ensure that all its information is encrypted—while still verifiable to miners so no double-spending takes place.
I'm using Equihash for mining with Windows 10. Equihash is an asymmetric memory-hard PoW algorithm that relies on high RAM requirements to slow down the generation of proofs—much like Ethereum.
Like many coins popular with cryptocurrency experts, Zcash distributes the benefits of the coin among many different types of miners, so that not only large mining pools benefit from the currency.
Many miners have felt that cryptocurrency mining became pointless with the benefit tilting toward the large investor.
For this reason, Zcash is popular.
As recently, slushpool added Zcash to the mining pool, I'm using this pool and a mining RIG with 6x 4GB XFX GPU's.
The profits for individual mininig may not be huge, but for stockpiling them for the future it is worth.
One aspect here is that as Zcash came out it was 4300$ 29. October 2016, dropped to 27$ and now it's a big player at ca. 317.18$ with a market capital of $493,369,729, a 24h-volume of $33,357,200 and rank 12 in the market.
So it has - for me - a great potential, so I'm keeping on mining and it is worth !

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Great ! Your post helped me alot :)

I'd tried to estimate ZEC mining profit. It looks not profitable now. Are you rely on future possible higher ex-rate only?

Why would you mine ZEC when ETH earns more ?

Hi, Nice content, I am new in steem as well, I am always promised to the community to bring good content always, here is some electricity saving tips, it may be useful to you or other miners.

https://steemit.com/crypto/@cryptopizza/how-to-save-electricity-costs-on-mining-cryptocurrency

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Solid blog. Good to see I'm not the only one who thinks like this. Blockchain is here to stay, therefore we shouldn't look at what most people invest in but in the real quality projects, with great teams, management and a great product. Some people are still investing in "an idea". Is an Idea worth 100m+ USD to you? This is quite an interesting website I found: https://www.coincheckup.com Every single coin can be analysed here based on: the team, the product, advisors, community, the business and the business model and much more. See: https://www.coincheckup.com/coins/Zcash#analysis For the Zcash Detailed report.