Mining Zcash is more of a necessity than a choice. Hence the name. The CoinQuora team exists to give you the best Zcash mining pools tutorial as well as a complete guide you will need to mine Zcash.
Moreover, along with our Zcash mining pools article, you will also have the privilege to learn how you can choose Zcash mining hardware and software for the success of your mining.
Not only this alone, JP Morgan and Zcash disclosed a partnership to mainly add Zcash technology into JP Morgan’s Quorum in 2017.
After this Zcash mining pools guide, you will barely get to know why even heavyweight companies and the rest in the crypto space are aiming around Zcash.
Without further ado, let’s get to know what Zcash is.
What is Zcash?
Zcash is a cryptocurrency. Its native token is called ZEC. Zcash is designed to function as a peer-to-peer (P2P) medium of transaction. Within the crypto space, Zcash is only the first-ever blockchain that uses zero-knowledge proofs for user-based payment confidentiality.
Yet, the Zcash technology utilizes the public blockchain to specifically ensure efficiency and maintain its decentralized network. Originally, Zcash is a forked version of the flagship crypto Bitcoin (BTC). It was eventually named as Zerocash Protocol.
After naming it as a Zerocash protocol, it was later rebranded to Zerocash before it was finally called Zcash. Same as Bitcoin, Zcash also has a limited coin supply of 21 million. In terms of transparency, Zcash differs massively from Bitcoin. Continue reading the Zcash mining pools tutorial for more information about Zcash.
Unlike Bitcoin addresses that display transaction details to users, Zcash does not. Rather, it thus displays payment information like destination and amount of your transaction encrypted. For this, the Zcash technology lets you know that a transaction has occurred without showing who received or how much money was sent.
Nonetheless, regardless of how Zcash delivers its crypto-related activities encrypted, the Zcash developers never call it anonymous. Yet still, Zcash portrays a large characteristic that anyone can be based on to call it anonymous.
Zcash Price Prediction
Thanks to the CoinQuora team’s Zcash mining pools article. We believe that by reading our Zcash mining pools tutorial, you now know what Zcash cryptocurrency itself is. Any way you wish to handle Zcash, either you aim to trade or mine, you can do it. If yes, then let’s read on to know whether Zcash’s price will be bullish or bearish this 2021.
In fact, the entire crypto market has faced a steady price correction this year. Nevertheless, despite the crypto market bull run these days, Zcash’s price is expected to record an all-time high of $216 before 2021.
To achieve the $216 price milestone, ZEC has to strive to establish intuitive support at the resistance level at $161. Also, if institutional investors and crypto traders continue to purchase, Zcash’s price can surge up ideally even more than the aforementioned $216.
Several cryptos including Bitcoin (BTC), Ethereum, and many others performances can also have an impact on ZEC price this year. Note: The above-mentioned Zcash price prediction is based on the CoinQuora team’s analysis and observations.
To trade or mine Zcash based on its price, we advise that you do your due diligence research well before mining Zcash.
How to Mine Zcash
As said already, you can decide to mine or trade Zcash. However, in this Zcash mining pools tutorial section, we’ll explain to you all the pros and cons of Zcash mining.
If you’re eager to know more about how to mine Zcash, then continue reading the Zcash mining pools article for free. If you mine Zcash, you will receive ZEC a reward.
Practically, there are different approaches you can use to mine Zcash. To mention a few, the primary methods for mining Zcash are Pool mining and Solo Mining. As you read through, you will know the difference between the two.
With the explanation, it is your sole responsibility to decide which mining method is more profitable than the other.
In this sense, mining Zcash with a pool simply means that you mainly join miners or pool together. By doing this, you barely increase the speed of your chance of reward for mining a block.
What is more, the miner divides the reward uniformly based on the computing power of each miner to the Zcash mining pool. More importantly, if you decide to join a pool mining group, sometimes, you can be asked to pay a fee for the pool mining.
On the other hand, solo mining does not strictly force miners to depend on others to mine like pool mining.
In the beginning, solo mining was pretty profitable for Zcash. Nowadays, the hashrate is so competitive. For this reason, lots of people are eventually switching from solo mining. Comparatively, the mining hashrate appears to look like the Bitcoin network.
As the Zcash mining hashrate is at its highs, it thus needs an excessive amount of electricity consumption to mine. As a result of the high electricity needed, it also requires much more expensive hardware. If you are a beginner, we strongly recommend you start mining Zcash with a mining pool.
More so, you can mine Zcash successfully by using technologies like CPU, GPU, and ASIC (Equihash algorithm). However, this option is considered to be an efficient way you can make a profit in Zcash mining.
How to Mine Zcash with a Computer
You can also mine Zcash practically using a computer. Read the below step-by-step instructions to mining Zcash successfully on your personal computer anywhere at all times. Keep this in mind whenever you are mining any cryptocurrency.
- Install GPUs and configure
- Download and install a preferred Zcash wallet
- Download the EWBF Zcash Miner and configure
- Join a Zcash mining pool
- Finally, start mining
Zcash Mining Pools
Most of the cryptocurrency mining nowadays is done successfully via mining pools. However, these pools then use resources on the network and distribute the reward uniformly.
Are you wondering how you can start mining Zcash cryptocurrency with a preferred Zcash mining pool? Then without delay, go on and read our Zcash mining pools guide for deeper insight and understanding.
To begin with, Slush Pool is one of the popular mining machinery you can choose when mining Zcash. Looking for efficient mining? Then Slush pool is recommended for you. Follow the below steps to practically connect to Slush Pool.
- Get suitable hardware. Eg: ASIC.
- Sign-up for a Slush Pool account
- Configure your mining device
- Register your payout address
- Lastly, consider checking if you’re truly mining
The next Zcash mining pool on our list is Claymore. Claymore is also a cryptocurrency mining software that operates to support Zcash mining as part of its function. In particular, Claymore exists to offer support to any GPU mining and AMB.
In terms of mining fees, Claymore charges near-zero costs whenever you choose to mine with 2GB and 3GB cards. Specifically, you can mine, download and install Claymore miner from an official and legitimate source.
AntPool is among the most leading crypto mining pools in the world. AntPool offers intuitive support when it comes to Zcash mining. With its broad function, AntPool has an app that mainly oversees the hash rate of user mining in real-time.
Not limited to Zcash alone, AntPool also supports varieties of coin mining including Bitcoin (BTC), Ethereum (ETH), LTC, and more others. It is completely free when mining AntPool. Also, don’t forget to connect your wallet when mining AntPool. Connecting your wallet applies to all, not only AntPool.
Miners receive payout rewards every 24-hours automatically in their wallet.
With the help of our Zcash mining pools article, we believe that you are now of yourself to start mining Zcash successfully. Zcash cryptocurrency and its mining pools also have much more potential on the topic of digital asset mining.
Consider prioritizing by reading our Zcash mining pools tutorial if you don’t have a complete understanding. Either way, you can choose to trade or mine Zcash depending on your choice.
It is worth asking if you don’t understand something. Like the flagship crypto Bitcoin, anyone can mine Zcash.
To be able to mine Zcash successfully, you need to completely get your computer, Zcash mining pool, and your software available in that sense. However, once you have these technologies, then you are set to start your mining journey.
Compared to many other cryptocurrencies, Zcash is still profitable to do. Prior, by using a mining power of 1000 watts and cost of $0.12 kilowatts, you can successfully profit to about $85 every month. With this, miners can substantially increase their earnings as they continue to mine Zcash.
Zcash block mining principle appears the same as Bitcoin. Anytime in Zcash mining, a block is added to the Zcash blockchain. Roughly, new blocks are formed every 75 seconds.