Zccoin (ZEC) is one of the most popular mining cryptocurrencies. Many parameters should be considered when choosing. The way that suits one miner may ruin another miner. You need to understand which characteristics will bring you income. We have proposed several parameters, and every miner should consider these parameters in this process.
A detailed explanation of ZEC mining
Zcoin’s work is based on confidentiality, and its network is based on zk-SNARKs technology, which displays the least amount of user data when inputting information into the blockchain.
For Z coin mining, the Equihash cryptocurrency algorithm is used. The blockchain works according to the Proof of Work (PoW) protocol. A 2 MB block is created every 2.5 minutes, which is four times faster than the same process in Bitcoin. Currently, the reward for discovering new blocks is 10 Z coins, which will be halved every four years starting in 2016. In other words, the first halving is planned for 2020.
For zk-SNARKS technology, its name stands for concise non-interactive zero-knowledge proof. In short, zk-SNARKs are based on “zero-knowledge proof” technology. It allows you to confirm transactions without revealing the details of the transaction. When the transaction enters the blockchain, the information about the sender, receiver, and amount will be encrypted.
We have explained here what a zero-knowledge proof is.
Like other cryptocurrencies based on the proof-of-work protocol, to mine Z coin, GTX 10X0, and RX/Vega series graphics cards from Nvidia and AMD are also very suitable.
As for the entire device, to mine Z coin comfortably, you will need:
- The operating system is a personal computer with Windows 7 and higher. In this case, the operating system must be 64-bit.
- The main memory (RAM) is greater than 4 GB, the higher the better;
- Graphics card with 3 GB or more storage capacity. At the same time, weak cards of 1-2 GB are also applicable, but the profitability of such GPUs will be greatly reduced;
- Which type of processor is absolutely not important;
- Good cooling system;
- The latest driver for GPU.
- If you assemble a mining farm, the income from Z coin mining will be higher. You need to add a powerful motherboard that can hold 2 or more video cards to the above items.
The best ZEC mining pool in service in 2020
It is not profitable to mine Z coin by yourself, which means you need to choose a mining pool. We can recommend the five most popular mining pools that are stable for a long time.
Poolin.com occupies the largest portion of the ZEC mining hash rate, as high as 34%. Poolin was developed by the developers of the Blockin blockchain platform, which specializes in creating innovative technologies and applications. You can mine 9 cryptocurrencies in Poolin Pool: Bitcoin (BTC); Bitcoin Cash (BCH); Bitcoin SV (BSV); Z coin (ZEC); Litecoin (LTC); ETN coins; DXN Currency (DCR); Dash (DASH); Monero (XMR).
- Pool fee: 3%
- Minimum withdrawal amount: 0,01 ZEC
- Payment method: PPS (pay per share)
F2Pool generates a 19% Zcash (ZEC) mining hash rate. The platform was founded by a Chinese developer in 2013 under the name of Discus Fish and is one of the oldest platforms in the world. F2pool has server networks in its home country (China and other Asian countries) and the United States.
According to experts, the service will continue to maintain its leading position among the top five mining pools. The project remains attractive to miners and allows mining of all the most profitable cryptocurrencies.
- Pool fee: 5%
- Minimum withdrawal amount: 0.01 ZEC
- Payment method: PPS (pay per share)
3. Antpool (Antpool)
Ant Pool is the leader in mining pools, it occupies 20% of the market. It generates a 13% ZEC mining hash rate. The mining in the ant mine pool is different from its mining in other sites. It has a wide range of custom functions and a wealth of working tools. This interface allows you to learn all relevant information about the current production level, speed, and even user success.
It is necessary to pay attention to the possibility of choosing a payment method. The best option is PPLNS (paying income based on the past N shares), because if you work through PPS (pay per share), the system will charge 5%.
4. Slush pool
Slush Pool is the world’s first Bitcoin mining pool and a pioneer in cryptocurrency mining projects. Satoshi Labs became the development team and project manager of the project, which was launched in 2010. The company’s main office is located in the Czech Republic.
The developer installed his own payment method on the website. The mining pool runs a mixed reward system, which consists of PPLNS and PROP:
Pay income based on the past N shares (PPLNS)-if the block is found in the mining pool, the reward is calculated based on the number of shares sent by the miner;
Proportionality (PROP)-Rewards are calculated proportionally based on the contribution of each pool member to the mining process.
The commission is only 2%. However, ZEC mining is absolutely free.
5. Luxor Mining
Luxor is one of the most popular ZEC mining pools. To start earning mining rewards, please specify your username during the registration process instead of using the wallet in the miner’s asik or bat file settings.
This pool uses Pay Per Share (PPS). This payment method provides an honest and guaranteed income for miners. Regardless of whether the mining pool finds a block, the mining pool will pay the miner. In Luxor mining pool, miners do not need to pay any confirmation fees to get payment per share.
After reaching the minimum payment amount, payment will be made every hour. For Zccoin (ZEC), the automatic payment will be established when the balance reaches 0.1 Zccoin, and no commission is required.
So, what is the best way to mine Zccoin (ZEC)? It is not easy to answer this question clearly, because, in fact, each miner will choose a mining pool that best suits him/her according to his/her own requirements and needs.
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