![]() Or, if you already have a CPU, you can calculate if investing in a GPU will allow you to significantly increase your profit potential.Ĭalculators show that the latest profit potential is not particularly high. Before buying your equipment, you can use this type of calculator to determine if the investment will surpass the potential profit or not. Most calculators allow you to input the hashing power, power consumption, and cost per kW/h to calculate your profit ratio per day and per month. It’s best to estimate how much you can make with your unique specifications by using a profit calculator. Below are the core factors you should pay attention to: There are several key factors that affect the profits made through Zcash mining, or any other cryptocurrency for that matter. As with most new cryptocurrencies, those that started mining earlier have an advantage. This will increase mining difficulty as time goes by. In 2020 the reward will be 6.25, and in the year 2024, the reward will be 3.12, and so on (until the currency reaches its cap). However, after every 4 years (or 840,000 blocks mined) that reward is halved. ![]() Just like Bitcoin, the rate of ZEC being created will halve every four years.Ĭurrently, the block reward is set at 12.5 ZEC. This is known as the “Founders Reward”.įor the first four years since its creation, 50 ZEC will be created every 10 minutes, and the miners will receive 80 percent of that newly created ZEC, while 20 percent is distributed to the founders. However, 10 percent of that reward is reserved by the stakeholders in the Zcash company, which is comprised of the founders, investors, advisors, and employees. Zcash has the same total supply of coins as Bitcoin- the maximum amount of coins to ever be produced is 21 million ZEC units. Because of this, many wonder how much they can make with Zcash. How Much Can You Earn?Įvery miner wants to receive their reward as soon as they can and start making a profit. Once extracted the miner must be configured by editing the config file to set the Zcash address and the mining pool. The software options available for mining Zcash are:Īfter you have downloaded the miner that suits your hardware specification, go ahead and extract it to a folder of your choice. In order to start mining, you must first download specific software. The potential to make more profit is higher with the GPU setup but isn’t necessary if you just want to see how the mining process works. If you already have experience with mining and want to make the most of your profits from Zcash mining faster, you might consider directly purchasing a GPU. If you want to get started right away, use the CPU you currently have and consider upgrading to a GPU later on. ![]() You don’t have to buy an expensive “rig” that will leave a hole in your wallet when mining Zcash. Miners can also buy a used setup, but be careful, as the older GPUs can get hot pretty quick, and if the cooling isn’t working properly, it could quickly end up ruining your investment. When buying GPU equipment, you must check to see what hashing power it has as it is directly tied to how efficient it will be. But it requires more investment on your part. When compared to CPU mining, GPU mining has the advantage of being much faster and more efficient. If you have dedicated a CPU to mining, make sure to have adequate cooling because units can reach high temperatures when mining. This equipment is so powerful that it would be very unprofitable to even try CPU mining – but this is not available for Zcash mining. This is one of the main differences between Zcash and cryptos that use ASIC miners. One advantage of mining Zcash is that you can use the CPU you already have, which you can’t do with other cryptos like Bitcoin. Because of this, you can mine ZEC using CPUs and GPUs. By using the Equihash algorithm, ZCash needs a high amount of RAM to be mined, so miners can’t use the ASICs to mine the cryptocurrency. ![]() The type of mining hardware used in the mining process impacts potential mining profits, so it’s important to know what are your available options. This is an advantage for new miners as cryptocurrencies that can be mined with ASICs make it nearly impossible to compete if you mine using CPU or GPU hardware. The coin uses the “proof of work” protocol and “Equihash” algorithm, which makes it resistant to application-specific integrated circuit chip (ASIC) mining. This system was applied to the first 20,000 blocks that were mined during the course of the first month. Zcash is different from other cryptos, as it launched with a “slow-start mechanism.” This meant that the number of coins released into the system in the early days was much smaller, in order to lessen the risk of the protocol containing bugs or security issues.
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