The best news of mining cryptocurrencies is that there are still cryptocurrencies that can be mined through traditional way, from your home, with your PC. Zcash is one of it. You can mine Zcash directly to an exchange or to a hardware wallet. Another good characteristic of mining Zcash is that you don\'t need to download whole Zcash blockchain. In the incoming text we are getting you some others great characteristic of this cryptocurrency:
- Mining is a good way to earn some profit and expend your mining with some new GPUs
- Zcash is cryptocurrency which can easily been traded for Bitcoin and Bitcoin is easily traded for money
- ZEC can also be easily traded for money on some major exchanges
- ZEC are battling with Ethereum for the highest priced altcoin so it is a good investment
There are many optimist that are mining this cryptocurrency and holding it, waiting for the price to go up to the some level, where they would sell it and earn pretty good profit, it is old school business knows as buy low sell high. Some people that are investing in the gear for mining, mined to the some level and than they are selling the gear which means that all the mined cryptocurrencies are profit to these people.
How Zcash\'s Blockchain Differs from Bitcoin\'s
Zcash using different hashing algorithm than Bitcoin\'s which is making it incompatible with the ASICs, specially hardware developed for the mining purpose. It\'s called Equihash - memory hard algorithm best suited for the GPU mining. Privacy protocol are also differs from the Bitcoin\'s. Zcash privacy protocol is called zk-SNARKS and privacy is one of the good advantage in comparison Zcash to other altcoins. Zcash has a 2.5 minute block time compared to Bitcoin\'s 10 minutes, producing a block reward of 10 coins per solved block.
If you are interested in mining ZEC, here are few steps that you need to do:
- Install your video card
- Get a wallet
- Download the EWBF Zcash Miner
- Set right Windows Settings before Mining
- Join a Mining Pool
- Start the Miner