The world of cryptocurrencies is growing at an accelerated pace. The crypto market cap continues to grow with record breaking volumes. The basis for creating value in the crypto world is the mining process for major and veteran coins – with Bitcoin leading them. While the coins of the “old world” as we all know, were and still are issued by centralized bodies such as banks and governments, and are created as printed bills or banknotes, the process of creating money in the world of crypto is decentralized.

The decentralization is done using the blockchain technology. Blockchain, is a type of a ledger that confirms transactions and lives in a distributed-fashion in the cloud. In other words, a group of computers around the world holds copies of the order books and for any given change in it, all the copies are updated. When a majority of the computers authorize a transaction, the money is securely transferred and added to the next block which will be written. In 2009, Bitcoin was one of the first applications of the blockchain. Cheapest Way To Mine Dogecoin DOGE.

Since the invention of money, the problem of centralization has always existed. Although it was temporarily solved in the era of the gold rush, when every ordinary man could mine gold and generate money, since then, banks and credit companies took control over the money, shifted over to working with credit, and practically cut off the connection to gold itself and created a monopoly on printing money. Bitcoin returned the possibility of generating money for everyone. It is no coincidence that the process of generating cryptocurrencies is called “Mining”. What is the mining process? The blockchain allows the transfer of funds in a decentralized manner, while security and fraud-prevention are carried out by encryption, hence the name crypto, as cryptography is the discipline of encryption.

Step 3) Install Zcash Mining Software on your Mac Download nheqminer from GitHub. Once downloaded, move the ZIP file to your Desktop and open. This will uncompress the zip and create a nheqminer folder on your Mac's desktop. Within the nheqminer folder, right click on start.sh and choose Open with TexEdit. Change your mining pool and ZEC address. Save your edited file.

Encrypting and verifying a transaction requires work. Computers which do this kind of work, which is basically solving a mathematical puzzle, get to write the next block in the chain, and are rewarded with coins for it – this is practically the mining operation. The more miners a network has, the stronger it is and the faster and more secure it is.

Meet the Mining Pools As solving these mathematical puzzles had become difficult, mining pools are being used. A mining pool is a joint effort between miners, so that even a miner with a relatively small amount of processing power can enjoy the reward, without having to solve the whole mathematical puzzle by himself, as it requires a lot of computing power (Hash rate). In the early days of Bitcoin, it was possible to mine Bitcoin with a standard processor of a personal computer (CPU mining). Afterwards, as the network grew bigger, the difficulty of solving these puzzles grew too, and it was no longer possible to mine using a CPU. For this reason, people shifted to using powerful “gamers” graphics card processes (GPU mining), as their design solves those puzzles much faster than a CPU.

The next step was to shift over to ASICs (Application Specific Integrated Circuits which are basically dedicated machines built for the sole purpose of mining). Today, Bitcoin’s network is so heavy, that nobody can mine Bitcoin by themselves. As an individual miner’s power is relatively small, he will probably not be able to solve any puzzle before other more powerful miners do and new puzzles are issued, resulting in wasted work which practically gives zero income (in theory, an individual can solve a puzzle by themselves, but with Bitcoin the chances of success are smaller than winning the lottery). For this reason, miners started to work in groups, which are called pools. A pool of miners unites the calculation power of a workforce of small miners in order to obtain a significant mining power (aka hash rate), thus increasing the chance of solving a puzzle and getting the reward for it. Each miner in the pool, gets a “share” of the reward, according to the amount of power he contributed to the pool.

What’s Worth Mining Nowadays? Today the blockchains of Bitcoin and Ethereum are so heavily loaded, that even participation in a mining pool has become unprofitable, as the amount of resources invested in mining (electricity bills) usually exceeds the return. For this reason, the mining guide we are presenting today is a Zcash mining guide.

Mining Zcash Zcash, or ZEC, is a currency that developed from Bitcoin, with the addition of anonymity. While in Bitcoin’s blockchain, anyone can see the transactions between all the addresses and see each address’s balance, with Zcash it is possible to make transactions without revealing the balance of a wallet (which represents an address). To date, Zcash is the 17th most valued cryptocurrency, in terms of market cap ($500 million), and it shows a relatively high volume ($60 million a day).

Although Zcash is already a mature coin, it is still not coming close to the load and size of Bitcoin’s and Ethereum’s chains, so, in most cases, mining it is more profitable. In 2016 when Zcash came into the world, it was very profitable to mine it. Due to the fact that there were only 12 Zcash coins in circulation, the price went up to the astronomical price of 3000 Bitcoins for one Zcash coin!

Before we begin, it is important to note that the responsibility of mining rests only with the miners themselves. Caution is required when running a computer and using high power for a long period of time. We have never heard of case where a miner burned a house down, but computers can certainly smoke. In addition, no one is guaranteed to see profits due to fluctuations in exchange rates and a change in mining difficulty level and performance. The following explanation is about how to mine Zcash (very profitable currently at the moment as of writing this article) in a pool called miningpoolhub.

It is possible to mine many other coins through this pool, but you need to download other mining software to do so. It is important to know, that mining on a personal computer is supposed to be done for the purpose of learning. In order to generate profit and achieve massive cooling as well, it is better to build or purchase dedicated mining machines. 7 steps guide on how to mine Zcash ZEC 1.Resources: Get a strong (and better than one) video card for profitable mining.

Mining with a laptop, cell phone or an old video card (more than a year old) will not pay off. Registration for a mining pool Visit website, fill out the details and confirm the email sent: Choose a 4-digit pin code which will be used in each update. Enter the site and select Zcash on the left side – Click on “wallet” and enter your ZEC wallet address. Click on “Update Account”.

Mining Software: Download the most appropriate version for your computer. An executable file (mine.bat) must be created and the following content should be inside it: exe -cd 0 -t 4 -l us-east1.zcash.miningpoolhub.com:20570-u USER.rig9 -p x The word “USER” must be replaced with the username you chose for miningpoolhub. The word rig1 does not need to be replaced unless you want to mine with more than one mining machine. Turn on mining and monitors of miningpoolhub Click on “workers” and choose one of the jobs (Account’s default jobs) according to your card. Run the file you have created (mine.bat). Make sure that there are no errors and that a message approving your worker has been received. If you did not get this message, it means you did something wrong.

After the program starts running you will see that the worker (called the miner) is added to the “workers” screen. On the site, click “Dashboard” to see data about the mining (it will take some time until you see something; it is updated according to the work that the mining machine does).

Withdrawing the coin to your wallet: After you have accumulated a certain amount and you wish to withdraw it, click “wallet” and then “cash out”. Verify the amount and wallet address first. Within a few minutes, the amount will be sent to your wallet. It is recommended that you install applications such as MSI Afterburner in order to control the card’s fan. In its default mode, the power is low and it allows the card to reach a temperature of 70-80 degrees Celcius (normal when playing occasionally but not healthy when it comes to a machine running 24-hours a day). It is advisable to put the fan regularly on a certain percentage so that the heat of the card is about 60 degrees (note that during the day the house is warmer and the temperature will rise accordingly). You can estimate how much profit you will get, by checking on.

The site shows the value of the currency and its estimated value in dollars for a certain processing power (you can also enter electricity costs). Other mining pools There are some other mining pools.

One of them is. 2Miners is a mining pool for ZEC mining as well as for all Ethash and Equihash coins. For all of them, SOLO mining option is available.

Other features include monitoring bots (free of charge) for any amount of rigs as well as block notification bots. 2Miners have implemented the unique Nicehash ports for rented hashpower fully compatible with Nicehash stratum.

Their servers, with DDOS protection, are located in EU, US and ASIA servers are planned soon. Special thanks to Deddi Dayag who helped in preparing the article and the mining guide.

• 10 shares • • • • • • is an open source cryptocurrency that focuses on the privacy element. This cryptocurrency is mineable utilizing the CPU, and/or GPU. It is a popular currency to mine with nVidia GPU’s as the algorithm hashes better on these GPU’s vs. Their AMD competitors.

The GTX series is the most popular for mining Zcash. There are other Equihash coins you can mine, such as bitcoin gold, but this will be covered in another guide.

This guide will focus on how to get your equipment mining Zcash. Before you start, always ensure that you have the latest appropriate drivers installed to ensure things go smoothly without crashing. Also note that almost all antivirus or anti-malware will pick this software up as malware. You can calculate your estimated mining rewards.

First we will need to download some software to mine with. The software options for mining Zcash are: • CPU: Nicehash or Minergate • AMD GPU’s: • nVidia GPU’s: CPU Mining Possible with Nicehash or Minergate. Nicehash is good to use for easy setup, but the hash rate is around 30% less than if you set up your own mining software with Claymore or EWBF. We will therefore focus on GPU mining for this guide. AMD GPU Mining If you have an AMD GPU, you’ll be utilizing Claymore’s Miner.

Click the as shown, and extract to a folder of your choice. Once extracted we can configure the miner by editing the config file to set our Zcash address, and set our mining pool. The choices for Zcash mining pools are: • (1% fee) • (1% fee, 0.001 min. Payout) • (0.01 min. Payout) For this guide we will use Flypool.

Set your server address to your closest location. For me, i’ll select the US server as shown. Make sure to also include the port number. In the config.txt, I will insert ‘-zpool us1-zcash.flypool.org:3333’. Simply add your Zcash wallet to the wallet section by adding ‘-zwal YOUR_WALLET_ADDRESS’.

Theres a few more things we need to do before we can start running the miner. First of all, we need to add this string of code to the config.txt, especially on 1-2GB video cards. This will ensure everything runs smoothly. Add this code to your config.txt file: GPU_FORCE_64BIT_PTR 1 GPU_MAX_HEAP_SIZE 100 GPU_USE_SYNC_OBJECTS 1 GPU_MAX_ALLOC_PERCENT 100 GPU_SINGLE_ALLOC_PERCENT 100 Your config file should look like the following. Next, you will have to ensure you have the correct virtual memory enabled (minimum 16GB). To do this, search for system in the start menu.

Open system and on the left hand side click ‘Advanced System Settings.’ Go under the advanced tab, under performance settings, and advanced again. Then click ‘Change’ under virtual memory.

Uncheck the box that states to ‘Automatically manage paging file size for all drives’ and then input a custom size of 16384 (or whatever is the maximum allowable value up to 16GB) into the Initial and Maximum size fields. This will prevent you from having any errors with virtual memory. And that’s it, you’re ready to mine for Zcash. Simply click the Start.bat file and you should start mining. You can also look up the statistics of your miners on the pool website that you’re using by inputting your public address. NVidia GPU Mining If you’re using a nVidia GPU,, and extract to a folder of your choice. Once extracted we can configure the miner by editing the start.bat file to set our Zcash address, and set our mining pool.

The choices for Zcash mining pools are: • Nanopool (1% fee) • Flypool (1% fee, 0.001 min. Payout) • Dwarfpool (0.01 min. Payout) For this guide we will use Flypool. Set your server address to your closest location.

For the nVidia software, we will be configuring the start.bat file. Simply right click to edit in notepad. Once opened, we can set the server address, and your Zcash public address.

For this guide we will use the ‘us1-zcash.flypool.org’ server, but choose the server closest to you. Your Start.bat file should now be configured similar to mine as seen below. Next, you will have to ensure you have the correct virtual memory enabled (minimum 16GB). To do this, search for system in the start menu. Open system and on the left hand side click ‘Advanced System Settings.’ Go under the advanced tab, under performance settings, and advanced again. Then click ‘Change’ under virtual memory.

Uncheck the box that states to ‘Automatically manage paging file size for all drives’ and then input a custom size of 16384 (or whatever is the maximum allowable value up to 16GB) into the Initial and Maximum size fields. This will prevent you from having any errors with virtual memory.

And that’s it, you’re ready to mine for Zcash. Simply click the Start.bat file and you should start mining.

You can also look up the statistics of your miners on the pool website that you’re using by inputting your public address.