Zcash mining Pools

The reason for the high popularity of the Zcash cryptocurrency is its relatively simple hashing algorithm, high degree of anonymity, and protection from industrial mining. The developers claim that it is impossible to create a specialized ASIC miner for the zk-SNARK algorithm (the zec network runs on it). Thus, Zcash is one of the few cryptocurrencies that requires only a high-quality video card to mine at zcash pool, which is several times cheaper than an ASIC.

What is the ZCash Mining Pool?

The zcash cryptocurrency was released in 2016 by Zerocoin Electric Coin and was positioned by the authors as the main competitor to Bitcoin. By analogy with BTC, zec coins are divided into small monetary units, “zatoshi” (10 8 zec), and their emission is limited to 21 million. The zk-SNARK protocol was developed in addition to the current BTS protocol. As you can see, the analogy with the leading cryptocurrency is obvious. At the same time, it takes only 2.5 seconds to form a new block in the Zcash network, which is four times faster than in the Bitcoin network.

The founding father of Zec is considered to be the famous “cryptocurrency genius” Zuko Wilcox. Researchers from Luxembourg, A. Biryukov and D. Khovratovich, developed the mining algorithm. Their key goal was to create a currency that did not require special expensive equipment to mine.

Note that the official zcash client supports only one operating system - Lunix. Programs for other operating systems were created later by third-party specialists.

Benefits of zcash mining pool:

• Simple mining algorithm, higher mining profitability compared to most other coins.
• Support for zec by many cryptocurrency exchanges, the possibility of direct exchange to BTS.
• A large number of zcash mining pools.
• A fairly high rate that ensures mining profitability.

How to Choose ZEC mining Pool?

For many new miners, the best way is to join an existing pool. This will allow you to get more coins at a lower cost. After all, if a pool writes a block, then all pool members receive a reward for the power they provided.

Single mining will require you to purchase expensive video cards with at least 1 GB of RAM. ZCash mining is designed to make using specialized ASIC processors in Bitcoin mining impossible.

Another limitation for novice solo miners will be that the ZCash server will only run on a 64-bit Linux operating system. The mining software will not work under other operating systems. So, if you use Windows or MacOS, you will have to install a virtual machine to install one of the versions of Linux.

When choosing a pool, you can rely on various technical characteristics, from commission to hashing speed. But all this data becomes nothing if the service does not pay you your reward.

Best ZCash Mining Pools in 2024

As practice proves, mining a coin alone is unprofitable.

Therefore, you have an important next task: choosing a reliable zcash mining pool.

Below are some popular zcash pools with a good reputation that have been in the market for a long time.

• Suprnova.cc is a service that instantly allows you to withdraw earnings with a minimum threshold of 0.001 Zec. Hashrate - 7 mhash/sec.
• NanoPool is a service with a payout starting from 0.01 ZEC and a hashrate of 8 MH/s. Earnings are withdrawn several times a day at certain times.
• CoinMine is a popular service for mining Zcash with a lower payout threshold of 0.003 Zec and a low hashrate (1.5 mhash/sec.).
• DwarfPool is a zcash mining pool with a small hash rate (0.68 hash/sec), which has other significant advantages: more supported wallets, detailed statistics, and powerful servers.
• FlyPool is our review's most popular zcash mining pool, with a unique hash rate (60 hash/sec), prompt payments, and a convenient statistical and information system.

Calculating Zcash Pool Profitability

Novice miners should consider that fraudulent pools appear on the network almost daily, collect client payments, and disappear. While you do not yet have experience in identifying such sites, it is safer to use the services of a service from the list above.

Before purchasing equipment, it is recommended to use one of the online services for approximate profit calculation—the Zcash mining calculator. Such systems request initial data: the name of the video card and power and electricity tariffs in your region, and they provide the calculation result in a few seconds. Some services only require you to specify the video card model, but their calculations are inaccurate.

Due to daily changes in cryptocurrency rates, the information provided by the mining calculator is constantly changing. Thus, GPUs that in 2017 brought in $2-3 per day today earn less than $1. The expected market recovery and growth in cryptocurrency exchange rates will change the situation: profitability will increase again, and payback periods will decrease.

Conclusion

Zcash is considered one of the most confidential cryptocurrencies. Anonymity is ensured by a protocol that does not transmit the sender and recipient addresses or the transaction amount. Only the transaction time is transmitted.

The details vary from ZCash mining pools to pools. In some places, you can create a wallet, but in others, you need to open it on the side. In any case, when setting up, you will need to indicate the incoming address of the ZCash wallet so that there is somewhere to transfer ZEC.