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ZCash (ZEC) was created in 2016 as an attempt to build a better, more anonymous and secure form of decentralized, digital cash. ZCash was created as an open-source cryptocurrency built upon the Bitcoin network codebase while using peer-reviewed cryptographic research. Utilizing what are known as zero-knowledge proofs, ZCash users have the option to hide their transaction to complete anonymity and privacy. This is done via zero-knowledge proofs known as zk-SNARKs which shield transactions. With ZCash, transactions can also be semi-private, which presents a significant breakthrough for the financial industry. Using its second-layer solution, the zero-knowledge security layer (ZSL), ZCash can reveal selected data such as the date and time of a transaction, and still hide the identities of the transacting parties. Because users can opt-in to private transactions or choose to stick with the standard, public transactions, ZCash provides some of the most flexibility in the cryptocurrency industry.
The ZCash blockchain utilizes a series of zero-knowledge proofs, ring signatures, and mixing technology to obfuscate transactions on the network. This makes viewing transactions on the ZCash blockchain only possible for non-shielded transactions, and garnering information about ZCash transaction totals or summations difficult. The average block time on the ZCash network is about 2.5 minutes, with a network block size limit of 2MB and a 12.5 ZEC block reward currently being paid-out to miners as a reward. There are about 4.5 million ZEC tokens in circulation at this time.
ZCash mining is inherently ASIC-resistant due to its memory-hard, high RAM requirements stemming from its use of the Equihash hashing algorithm. Because of this, GPU mining hardware is the best option for mining the ZCash blockchain and is the best path to profitability in mining. The block difficulty on the ZCash blockchain automatically adjusts to meet the average time spent mining each block.
We make it simple and profitable to open a mining account, see your profits start to accrue within days
We’ve made cryptocurrency mining as easy as can be – just sign up, choose your preferred coins and hardware, and start mining in no time.
Our tech team will help answer any questions you may have, and you are guaranteed safe, secure, and hassle-free mining around the clock, all day, every day!
Pay for your hardware and your monthly fee and all of your mining proceeds are completely yours, with no additional fees or deductions whatsoever.
Analyze the market and choose the coins that YOU want to mine based on your desired investment and target profit levels.
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