We have already told what Zcash is, how it differs from bitcoin and how to buy this altcoin. Here is step by step instructions for those who want to mine Zcash cryptocurrency.
It is quite easy to get Zcash – you don’t need to load the full blockchain or manage the miner in command line mode. The received coins can be sent straight to the stock exchange or to hardware wallets, such as Trezor or Ledger Nano S. Of course, in all cases care should be taken to store tokens only in safe places.
Mining Zcash with EWBF Miner is a great way to capitalize on your hardware. The program is specially optimized for cva kernel Nvidia and allows you to achieve maximum performance.
The accumulation of ZEC through mining will make it possible to take full advantage of its potential appreciation in the future without risking money (as in the case of a purchase).
The extraction and storage of cryptocurrency is reminiscent of the old adage that you should buy cheap and sell expensive. True, most enthusiasts have no idea about technical analysis, so they buy and sell at the most inappropriate time. They invest at the peak of growth and sell during correction – a typical phenomenon for long-term trends.
Buying equipment and mining cryptocurrency on it, you invest in a sought-after asset. Its value in the secondary market is kept at a high level and in some cases even exceeds the purchase price. Graphic processors purchased for mining in 2015–2016 in 2017 are often sold at a price that exceeds the initial cost due to market agiotage.
Selling equipment for mining after some time in the secondary market, you can not only fully return its initial value, but also earn. A mined cryptocurrency will be a nice bonus.
The basic Zcash algorithm is called Equihash. Its main feature is high RAM requirements. Equihash is designed to make it more difficult to create specialized ASICs. It is great for mining with graphics cards.
In addition, Zcash has a built-in privacy protocol zk SNARKS. It is designed to make ZEC a leading cryptocurrency on the market that pays special attention to the protection of private data (Zcash competes with other similar currencies, such as Dash and Monero).
The calculation of each block Zcash takes 2.5 minutes. This procedure takes about 10 minutes in Bitcoin. A reward of 10 Zcash is paid for a block decision.
However, the calculation time of the blocks is not reduced. Zcash Blockchain automatically adjusts the block complexity to save the average time spent per block. The complexity is closely related to the rate of hashing. This year, it is also increasing exponentially.
The bottom line is that the computing power of the network repeats the explosive price increase that began in May 2017. ZEC quotes jumped from $ 50 to $ 400 in just a few months.
Select your video card model and the page will display information about hashing and profitability (in case of Zcash, click on Equihash to calculate).
Over time, the numbers will change. Suppose that in our case, the graphics processor, depending on the model and configuration, makes a daily profit of $ 1−2.
Experimenting in a calculator with various video cards, select the model with the best price / performance / energy consumption (expressed in MH / s per unit of currency). AMD cards, as a rule, are superior to Nvidia models in the production of ether with the help of the EthashAlgo client. In the case of Equihash and miner EWBF Miner, AMD cards lose slightly.
The graphics processor must have at least 1 GB of RAM, otherwise it will not be able to extract Zcash (EWBF supports cards with 1 GB of memory, unlike the Ethereum client, which requires 3 GB to operate). However, the energy efficiency of many old maps may not be sufficient for profitable mining.
Check out the following GPU family of Nvidia GTX 1060−6GB / 1070/1080, AMD RX 470/480, RX 570/580, R9 or HD 7990/7950 family. Try to buy cards from gamers, not from miners, and in the secondary market, preferably, under warranty. Carefully compare the performance, power consumption, availability and cost of different GPUs.
Select the current version from the results, download it, install and restart the computer. If there are no warning signs in front of the video card in the device manager then the driver has been installed correctly.
Some miners install several maps at once and then configure drivers. Others prefer to mount one card, install drivers and add other GPUs (of course, after turning off the computer).
If there is a problem with one of the methods, remove the drivers and try another. The DDU (Display Driver Uninstaller) program from Guru3d.com helps to completely remove drivers from the system.
You need the address of the Zcash wallet to store the extracted moment.Go to the official website and download the client. In addition, you can use hardware wallets such as Trezor, Ledger Nano S, or Jaxx – a popular web service. You can even send mined coins directly to exchanges that offer the appropriate functionality.
The next step is downloading the miner program. Choose to download only links from official threads on the BitcoinTalk forum. There are several links at the bottom of the page. We use the one on the domain mega.nz.
Select the latest version of the miner and download the zip file. Unzip it on your computer. Please note that when downloading miner files, Windows sometimes issues a warning. It can be ignored if official EWBF links were used for download.
Before you start mining, change some Windows settings. First, turn off the sleep mode, because it will interrupt the program. Go to the “Set Up a Power Plan” section and set the switch “Put the computer into sleep mode” to the “Never” position.
Then change the size of the system paging file to 16384 MB (16 GB). You should do the right-click on the “My Computer” icon and select “Properties.” Click on “Advanced system settings.” Select “Options” in the “Performance” section.
Click the “Change” button in the “Virtual Memory” section. Uncheck “Automatically select paging file size”. Select “Specify Size” and enter “16384” in the “Original Size” and “Maximum Size” fields. Confirm your choice.
You can disable the Windows update system to minimize disruptions in the work of the miner and system intervention in the parameters. If it is left active, the system will independently download updates, install them and reboot, interfering with the work of the miner.
The next step is to set up the mining options for the pool. Self-mining is unlikely to bring enough coins (unless, of course, you have a warehouse with video cards).
First of all, you should choose the mining pool Zcash. There are many options, but Flypool is considered one of the best. There will most likely contain information about setting up a popular EWBF miner on its homepage or in the “Help” section.
There is a tab “Windows – Nvidia” on zcash.flypool.org. It provides information on setting up EWBF Miner. Copy the finished script line as shown below.
Right-click on flypool.bat and select “Edit”. The file will open in Notepad. Paste the copied string into it. Choose a server according to your location (us1 or eu1). You can also delete the “cuda_devices” parameter at the end of the line. It is used to highlight certain devices for mining (for example, if you decide to leave one video card for games, while others use cryptocurrency for mining). The parameter can be removed if it is supposed to load all maps
Then copy the address of the Zcash wallet. Paste it into the bat file (in the example above, replace the line by the user parameter, which starts with “t” and ends with “DX”). After that, you can change the name of the client (in our case it is .rig1).
Now there is a suitable bat file and everything is ready to launch the miner. Create a shortcut to the new file and place it on the desktop (you can delete the .txt file).
You can track the results on the zcash.flypool.org website. Copy and paste the address of your wallet in the field at the very top of the page and click the “Check Status” button