Today we will be discussing Zcash, and if you don’t yet know how to mine this cryptocurrency (ZEC), we have a detailed guide for you. You don’t have to download the full Zcash blockchain, nor do you have to deal with difficult command lines and manual instructions. You can mine Zcash directly on exchanges or hardware wallets such as Trezor or Ledger Nano S. However, remember to check if your coins are accepted before you send them. How to mine Zcash? Which hardware will be the best for this? We write about it below!
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Why is Zcash worth digging?
Zcash is a cryptocurrency that can be easily exchanged for Bitcoin, and many prominent people in the cryptocurrency industry are showing a lot of optimism about the future of BTC. Bitcoin is a cryptocurrency that can be easily exchanged for cash, so mining ZEC can be a good way to get cash or indirectly replenish your bank account by exchanging ZEC for Bitcoin and then for cash. Additionally, ZEC can be sold directly on some of the major cryptocurrency exchanges.
Mining ZEC can be an inexpensive way to enter the cryptocurrency market, which is characterized by high volatility. Therefore, it is a good choice for traders who want to profit from price fluctuations. Mining ZEC and accumulating a significant amount of these cryptocurrencies can allow you to benefit from future increases in their value on the market, without having to bear the same risks that buying them on an exchange, for example, would entail.
In this way, building a large ZEC position through mining may prove to be a relatively safe way to invest in cryptocurrencies. Since its launch, ZEC has been one of the altcoins with the highest price on the market.
What does Zcash mining entail?
Mining and holding cryptocurrencies is similar to traditional trading, which involves buying cheap and selling expensive, except that most people do not have the analytical skills to make accurate decisions.
Traders often buy when they shouldn’t, and sell at a discounted price when there are surges that may be a natural part of a sustained uptrend. Buying the right cryptocurrency mining equipment can help you get an income-generating asset, and in the future, when you no longer need the IT materials, you can sell them for a higher price.
Earning money on the equipment and selling it when you reach your goals allows you to recoup your purchase costs and make additional profit.
What is the difference between Zcash and Bitcoin?
Zcash uses a different hash algorithm than Bitcoin, which means that it cannot be mined using special ASIC devices designed for Bitcoin mining. The algorithm used by Zcash is Equihash, which is more suitable for mining with graphics cards rather than ASICs. Zcash has built-in privacy thanks to the zk-SNARKS protocol, which aims to make it the leading cryptocurrency for privacy. Zcash also has a faster block time than Bitcoin, at 2.5 minutes, and each resolved block generates a reward of 10 coins.
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Is it difficult to dig ZEC?
After launching in the fourth quarter of 2016, the computing power of the Zcash network increased rapidly. Despite this, the average block time has remained constant at 2.5 minutes. This is because the Zcash blockchain automatically adjusts the computational difficulty according to the amount of power used to mine blocks. Over time, you will notice that the amount of power used for digging is directly related to the difficulty of mining. Hashrate, or the total computing power of the network, increased in May and June 2017 after the Zcash price surged. This price increase drove the hashrate from less than $50 to $400 in just a few months.
How to choose GPU hardware?
If you want to find the best combination in terms of price, power consumption or performance, you can use a calculator and choose different GPUs. For Ethereum mining, AMD cards are more efficient than NVIDIA cards, but for the Equihash algorithm using the EWBF digger, NVIDIA cards are better.
It is important that the card has at least 1 GB of RAM, otherwise it will not be able to properly mine Zcash. Older graphics cards may not be powerful enough to make it worthwhile to dig with them, so it’s worth checking various websites to see what hardware will work best for you.
As for the professional aspects, it’s worth considering different graphics card models, such as the NVIDIA GTX 1060-6GB/1070/1080 series or the AMD RX 470/480, RX 570/580, R9 series or HD 7990/7950 series. If you plan to buy a used graphics card, it’s worth looking for one from gamers rather than miners and make sure it has a warranty . Then you can do the math to compare GPUs in terms of hashing speed, power requirements, availability and price. It’s worth remembering that new models appear on the market from time to time, so it’s a good idea to stay on top of trends.
How to mine Zcash (ZEC) using Windows?
If you are using a Windows computer and have a sufficiently powerful graphics card, you will need to follow certain procedures, which are listed below.
- Install the drivers for your graphics card
AMD graphics card: To download the driver for your graphics card, go to amd.com and click on the Support and Drivers tab. Then enter your GPU information and click Show Results. On this page, you can choose whether to download the latest driver or an older version by clicking the appropriate download button.
- R9 and earlier: use version 15.12
- RX 400 series: use version 16.9.2 or 16.10.3
- RX 500 series: since these cards are relatively new, it’s best to use the current drivers for now.
Nvidia GPU
You can visit the provided link to download the latest drivers for your Nvidia GeForce graphics card. Enter your graphics card information and click the “Start search” button. Then download the latest version of the result. When installing the driver for your graphics card, follow the standard procedure and after restarting your computer, make sure that the card is correctly recognized. Search for “Device Manager” in the Windows search bar and see if there are any warnings there. Some miners prefer to install drivers for all graphics cards at once, while others prefer to install them one at a time, turning the system on and off between installations. If you encounter problems with one of these methods, try using the other or removing and reinstalling the driver.
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Get Zcash wallet address
To receive mined Zcash, you need a wallet address, which is a special alphanumeric code. To get such an address, for example, you can use a hardware wallet such as Trezor, Ledger Nano S or Jaxx, which provide even more security for your crypto.
EWBF Zcash Miner
In order to continue the digging process, you need to download EWBF Miner. It is important to download the software only from the official BitcoinTalk thread and not from other unknown sources. Once you find the official thread, download the latest version and the ZIP file. After downloading, unzip it to your desktop. Note that when downloading a standalone file, Windows may display a warning, but if you use the official EWBF download link, you can ignore it.
Windows Settings
Before mining, you need to make some Windows settings.
- Ensure uninterrupted digging, so disable sleep mode on your computer.
- You should also modify the system paging file size to 16 GB. To do this, go to the system settings, select “Advanced system settings” and click the “Change” button under Virtual memory. Then uncheck the “Automatically manage paging files” option, enter the initial and maximum size to 16 GB and confirm the changes.
- To minimize disruption, also disable automatic Windows updates.
What is Zcash Pool?
To profit from digging the Zcash cryptocurrency, you need to join a pool. For this you need a full set of GPUs. How to do it
- The first step is to choose a pool. There are many different configurations. Find the Windows – NVIDIA section, where you can find EWBF miners. To join the pool, you will need to copy the script.
- Then, add the code to a batch file. This file is used to run the cryptocurrency mining program. To do this, first right-click on the flypool file and select “Edit.” After opening the file in Notepad, paste the code copied from the Flypool website. If you want to use all mining devices, you can remove the name “-cuda_devices”. Then paste your Zcash wallet address into the batch file and rename it. This will allow you to track your mining.
- After following the previous steps, you can save the file as a batch file with a .bat extension. To do so, choose File > Save As, then type the file name and add “.bat” after it. Make sure that “All files” is selected in the Save as type field, and then click Save.
- Congratulations! Now you have a ready batch file that you can use to mine cryptocurrency. You can create a shortcut to this file on your desktop to easily find it. It’s that easy!
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