CryptoCoinPrediction.com is not responsible for the article’s content or accuracy and may not share the author’s views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.

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We will learn how to Mine Zencash in a while, but first, let’s discuss what is ZenCash?

A decentralised blockchain platform, ZenCash is a privacy-centric network which can be used for public, private, and anonymous transactions, communications, and publishing. The platform works on the zk-SNARKs, domain fronting, and TLS integration to ensure that the users’ digital assets, communications, and publications are protected.

The network primarily operates on 3 systems:

  • ZenHide which enables circumnavigating the blockchain with the help of domain fronting.
  • ZenChat which provides for a customised and secured communications network.
  • ZenPub which is an anonymous document publishing platform.

Highlights

  • Privacy: Zen coins can successfully be sent through off-the-grid transactions with anonymous and private messages providing a context to each payment.
  • Secure Node Operations: the ZenCash node communication is encrypted by the inter-node communications to make sure that the former appears to be similar to any other encrypted internet traffic thereby securing activities on the ZenCash network.
  • Untraceability: ZenCash is privacy-centric and hence shields all transactions therefore the sender, receiver, and amount information is protected.

ZenCash Trading

ZenCash is traded on some of the major crypto exchange platforms including Binance, Bittrex, and OKEx. Other than that, this coin can also be bought, sold, and/or traded on BiteBTC, Upbit, COSS, Trade Satoshi, Cryptopia, DragonEX, and Graviex.

Token Value Information

At the time of writing, the Zen coin has the following statistics:

Total Supply: 21,000,000 ZEN
Circulating Supply: 4,506,238 ZEN
Market Cap: $83,640,288 USD
ICO Price: $21.80 USD
All-time High Price: $65.14 USD
Current Price: $18.56 USD

Mining ZenCash

For a smooth mining experience, it is important to get the basic things right. This means to ensure that you have the most updated CPU and the latest drivers installed for your GPU. Next step is to ensure that you exclude the mining software you will be using from the antivirus that is installed on your device since most antiviruses flag mining software.

Solo vs Pool Mining

The debate between solo and pool mining has long been settled with pool mining emerging the obvious winner. In order to mine ZenCash successfully, it is recommended that you join one of the available ZenCash mining pools.

ZenCash is one of those coins which are mined on multiple pools and give miners the freedom to choose their playground. For ZenCash, the available mining pools are:

  • ZenMine Pro
  • LuckPool
  • pro
  • Miningspeed
  • Mining Pool Hub
  • TreeFog Mines
  • MineZ Zone
  • HebUsio Pool
  • SuprNova
  • Owl Miners’ Club
  • Nibiru Pool
  • Catspool
  • 2miners
  • Cash EU Pool
  • MinerBay
  • Ambit
  • Luxor
  • E-hashs
  • SoloPool
  • Equipool
  • Zuzuca
  • Power Mining Pool
  • 247mines
  • Hebusio
  • Equihash-Pool
  • Equigems
  • FirstOrder Miner Outlook

Once you have decided on the mining pool of your choice, the mining process begins.

Getting Started

The first step always is setting up a ZenCash wallet. This can be done on the ZenCash platform. The most recommended pool for ZenCash mining is Miningspeed because of its smorgasbord features and low mining fee (about 0.4%) as well as the fact that it is a community-oriented pool.

CPU Mining

Even though it is not as profitable, ZenCash can be mined through CPU using either the Minegrate or the Nicehash nheqminer software.

GPU Mining

For a coin like ZenCash, which is an equihash-based GPU mining cryptocurrency, it only makes sense to employ a GPU for its mining.

With Nvidia

A number of miner software are available for GPU mining ZenCash with Nvidia but EWBF’s CUDA miner is one of the best. This miner works with both Linux and Windows and is really simple to use.

  1. Download the miner.
  2. Create a new batch file in the same folder as the miner and into the batch file paste the command miner –server mining_pool –port port –user wallet_public_key.worker –pass x –pec.
  3. Replace ‘mining pool’ with the pool server of your choice and ‘port’ with the port that you wish to use.

If you are mining on a CPU, the port would be 3061; 3062 for GPU; 3063 for GPU mining farm; 3064 for SSL; and 3065 for nicehash.

  1. Replace ‘wallet_public_key’ with your wallet address.
  2. After the setup is complete, run the batch file.
  3. On the screen, you will be able to see the GPU’s that have detected on your device, the speed, temperature, and the power usage of each GPU along with the total speed.
  4. And that’s it! Now you are mining.

With AMD

For GPU AMD mining, Claymore’s ZCash miner is simply one of the best.

  1. Download the miner.
  2. Create a new batch file in the same folder as the miner and into the batch file paste the command

setx GPU_FORCE_64BIT_PTR 1

setx GPU_MAX_HEAP_SIZE 100

setx GPU_USE_SYNC_OBJECTS 1

setx GPU_MAX_ALLOC_PERCENT 100

setx GPU_SINGLE_ALLOC_PERCENT 100

ZecMiner64.exe -zpool mining_pool:port -zwal wallet_public_key.worker -zpsw x -allpools 1 -i 8 -asm 1

 

If you are mining on Linux, all the setx commands must be removed.

  1. Replace ‘mining pool’ with the pool server of your choice and ‘port’ with the port that you wish to use.

If you are mining on a CPU, the port would be 3061; 3062 for GPU; 3063 for GPU mining farm; 3064 for SSL; and 3065 for nicehash.

  1. Replace ‘wallet_public_key’ with your wallet address.
  2. After the setup is complete, run the batch file.
  3. On the screen, you will be able to see the GPU’s that have detected on your device, the speed, temperature, and the power usage of each GPU along with the total speed.
  4. And that’s it! Now you are mining.

To keep a track of your mining statistics, you can type in your public key into the dashboard of the mining pool.

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W.

What does it take for Bitcoin to achieve mass-adoption?

CryptoCoinPrediction.com is not responsible for the article’s content or accuracy and may not share the author’s views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.

What does it take for Bitcoin to achieve Mass-Adoption?

The biggest obstacle for Bitcoin right now is, that so few people use Bitcoin. But why do so few people actually use Bitcoin from a day-to-day basis? Well, the answer is, because so few people use Bitcoin. That might sound a bit confusing right away, but I will explain myself.

Bitcoin has the obstacle to overcome, same as Facebook. Facebook became so valuable, because literally every friend of yours, and their parents where using it. If no one used Facebook, then I really doubt it would be nearly as valuable to humanity as it is today.

The same exact thing also applies to Bitcoin. What makes money valuable, is the fact that you can pay anybody for anything with it. Good luck paying your local supermarket in Bitcoins. It just doesn’t make sense to do so.

This is also called the network effect. It sates, that a system is only so valuable, as the number of people using that system.

So, let’s dive into the 3 deciding factors, that must happen for Bitcoin to fully achieve mass adoption.

First, of course, is the support by a big corporation or even country. For example, if a big company like McDonalds starts to accept Bitcoin, then people would be more inclined to make purchases with Bitcoin. This makes total sense, because why would anybody adopt the usage of Bitcoin, if you couldn’t make any real-world purchases with it? Exactly, it doesn’t make any sense whatsoever.

The first point was pretty obvious, so let’s look at the other deciding factors, that are crucial for Bitcoin to be mass-adopted.

Did you actually know, that a third of the world’s population, 2,5 million adults to be precise, do not have access to the banking system? Yeah, what people in the first-world countries take completely for granted, isn’t all that common all around the world: A bank account. On the other side, many more people in these third-world countries do have mobile phones, but no bank accounts. So, what if all those people start using Cryptocurrencies, like Bitcoin, for their online and day-to-day transactions? They could skip the traditional banking system and directly buy and sell Bitcoin from their smartphones. If one third (or even less) of the world population starts to use Bitcoin, it will gain world-wide recognition and overtake any other currency.

The third scenario that could happen, is that a major economic collapse or abuse occurs. When this happens, lots of people will want to transfer their wealth to something that isn’t dependent on any country or government, but is universally accepted in every country of the world. There aren’t many options for such things. One of these things is, gold. And the other could be Bitcoin, which I see as the digital version of Gold.

I hope we will never have to experience such a catastrophic event in our lifetime, but it sure is a positive thing for Bitcoin, since lots of people will adopt it.

These are all the point I could think of. Thanks a lot for reading and have an awesome day! Visit me at flashipcrypto.com for more Crypto-article?