Best ZenCash ZEN Mining Hardware

What is ZenCash? If you’re reading this, you’ve probably heard about ZenCash; but what exactly is it? How is it different from other cryptocurrencies? ZenCash was created with the privacy of the users in mind. Many refer to it as a privacy coin. Transactions are secure and off-the-grid, allowing you to send Zen directly to the recipient’s address. ZenCash is also used for anonymous publishing.

Users can post anonymous messages on the blockchain. This basically means worldwide anonymous publishing. A Quick Overview of ZenCash. ZenCash Mining ZenCash is based on (Proof of Work). This means it can be mined. Every time ZenCash is sent, it must be verified on the blockchain.

To do this, miners verify transactions and solve the currency’s algorithm. In exchange for their work, they receive a bit of ZenCash as a reward. You pay in electricity as your GPU solves the algorithm and you’re rewarded with ZenCash.

Are you looking for a List of Zencash mining pools? Use this list to find the best mining pools for ZEN. Allowing you to send Zen directly to the recipient’s address. ZenCash Mining Hardware. The GeForce GTX 1080ti is the best ZenCash mining GPU on the. Hardware List for 6 GPU ZenCash Mining Rig. Power Supply Unt (PSU) – What’s the best PSU for mining ZenCash?

Allowing you to send Zen directly to the recipient’s address. ZenCash Mining Hardware. The GeForce GTX 1080ti is the best ZenCash mining GPU on the.

This is why it’s important to mine a that’s profitable. What Makes a Profitable Cryptocurrency? Cryptocurrencies such as and are profitable cryptocurrencies, due to their value and block difficulty. If a cryptocurrency is too difficult to mine, such as, you’ll waste too much money on electricity to turn a profit. However, if the cryptocurrency is easier to mine and/or more valuable, it’s probably worth it.

You can use to view your projected mining profitability with the cards below. You’ll be able to see your projected earnings with each card. NOTE: ZenCash is extremely profitable to mine! ZenCash Mining Hardware Now that you know what ZenCash is and how mining works, it’s time to take a look at the hardware you’ll be using! Originally, cryptocurrencies were mined with the CPU.

However, it was quickly discovered that GPUs are far more effective. In fact, CPUs are practically useless for solving the complex algorithms. Here are the 3 best ZenCash mining GPUs: PIC GPU Hash Rate Price Profit per Year Buy 750 Sol/s $700 $2,609.43 500 Sol/s $550 $1,655.52 444 Sol/s MH/s $450 $1,592.46 1. The is the best ZenCash mining GPU on the market today. If you’re looking to generate passive income through mining ZenCash, this is the card for you.

With a hashrate of 750 Sol/s and a power consumption of 330 W at the wall. With specifications like these, the mining profitability looks to be pretty high.

Take a look: As you can see, you’ll generate over $2000 annually per card. That being said, if you invest in more cards, you’ll turn an even higher profit; maybe even consider a Image GPU Hashrate Price Buy GeForce GTX 1080ti 750 Sol/s $700 2. The is another great choice for ZenCash mining. It’s about $150 cheaper than the GTX 1080ti. However, the yearly return is significantly less, sitting at about $1600 annually.

While $1600 a year isn’t bad at all, it’s nowhere near $2600 per card. If you bought four 1080ti’s you’d be spending roughly $2800 and you’d be generating $10,400 per year. If you bought four 1080’s, you’d be spending about $2200 and you’d be making $6,400 per year. We did the math.

You’re only spending $600 more if you buy the 1080ti’s but you’d be making about $4,000 more per year. It makes MUCH more sense to buy the 1080ti’s.

However, if you’re just a hobbyist and you’re not worried about your profits, it probably makes more sense to buy the 1080 or 1070 as they’re cheaper but still turn a pretty decent profit. Image GPU Hashrate Price Buy GeForce GTX 1080 500 Sol/s $550 3. The is our third and final pick. Though it’s the cheapest of our top three, it’s also the least powerful. With a hashrate of 444 Sol/s and a power consumption of 150 W, it’s hashrate/power consumption ratio is spectacular. With such a low power consumption, it’s a great GPU for the price.

Take a look at the mining profitability calculator: As you can see, the yearly profit is nearly identical to that of the 1080’s, but the card is about $100 cheaper. That being said, it’s probably the better choice. Image GPU Hashrate Price Buy GeForce GTX 1070 444 Sol/s $450 Generating Passive Income with ZenCash Mining Before we talk about setting up passive income with ZenCash mining, we must first understand what passive income is. So, what is it? Here’s an analogy I like to use: With a regular job, you head to work just like you head to the gym. You get there, clock in, and start working. It’s just like hopping on the treadmill.

When you’re finished with your shift, you clock out and go home just like you’d step off the treadmill when you’re finished with your workout. However, a passive income is almost as if the treadmill is still running even when you’re finished. Even though you’re not working, your GPU is still mining, generating income when you’re out doing other things. This is passive income. If you invest in one or more ZenCash mining GPUs, you have the potential to start generating passive income. The more you have to invest in mining hardware, the more money you’ll make. ZenCash Mining Rigs As stated previously, if you bought four 1080ti’s you’d be spending roughly $2800 and you’d be generating $10,400 per year.

The more you put in, the more you’ll make. This is where mining rigs come in..

While they’re a big investment, they’re well worth it. • • • • • • • • • • are the future, and they’re not going away. If you invest in a mining rig, it can be used to mine ZenCash, and other popular cryptocurrencies like.

ZenCash has been in operation for 6 weeks now. It’s been an exciting time! We have our team working together to implement the capabilities outlined in the Zen White Paper, available at the. We have a roadmap in the white paper, and are making slight adjustments to it. Before discussing the roadmap, it is worthwhile to review where we are right now.

Current Status of ZenCash There is much more to a cryptocurrency than the software. Software is important, and without it nothing else works, but there are a lot of other things that have to happen to make a cryptocurrency successful.

The current status and roadmap plans will discuss all these elements of success, including the software. Software • Zen node software is based off of Zcash created from a chainsplit with Zclassic, with the addition of the full BIP-115 transaction replay protection so nothing done on the Zclassic blockchain affects ZenCash. • Secure Node Software is in development. Project manager and specification writer is contracted and working to develop the system for tracking and payment.

• Private communications using Shielded Transaction Memo field works on desktop wallets. Users are able to send 512 Byte memos when sending from a shielded ZenCash address to a shielded ZenCash address Wallets ZenCash desktop wallet software has three supported versions. • for Linux, Mac, and Windows • for Linux, Mac, and Windows • for Linux, Mac, and Windows Exchanges for Trading and Investing • • • Governance and Treasury to promote the interests of Zen. The goal is to decentralize sooner rather than later, and part of that is creating a community organization that’s above any individual. The Zen Blockchain Foundation is a Delaware-based nonprofit corporation. Currently, funds are being allocated and spent from the ZenCash Treasury for development on Zen software, marketing, and governance development by the founding members of the team – Rob Viglione, Rolf Versluis, and Jane Lippencott. There is significant discussion that happens with many members of the Zen community as these decisions are made.

Zen Team There are a lot of people working to make Zen a success! See the information and pictures of the. There are many people contributing in many ways right now. The Board of Directors for the nonprofit are those we formerly launched as being part of either the Core Team or the DAO officers: Robert Viglione, Rolf Versluis, Jane Lippencott, Steven Nerayoff, and Carlo Vicari.

These are founders and those with deep experience building cryptocurrencies from the ground up. Mining Pools • ZenMine Pro – • Cryptobroker – • BitFire Pool – • MineZ Zone – • Luckpool – • Miningspeed – • ZenCash Cloud – • Zen Mining Pool IO – • Zcrypt – • MineIX – • Zpool – • SuprNova – Zen Mining Profit Calculator – Zen Mining Pool Forum Topic – Mining Software • • • Block Explorers • • International Support Bitcointalk announcement and discussion threads in multiple languages • • • • • • • Marketing Marketing has been driven by community members promoting and sharing information about ZenCash. This includes activity on the following platforms as well as interviews and conference attendance by Rob and Jane summarized in the ZenCash Blog. • • • • • • • • • • Public Relations Zen has a contract with public relations from. The media placements and interview opportunities they provide bring ZenCash awareness to a larger audience.

• Forbes – • Talk Markets – • Comments on • EconoTimes – • Payments Journal – • • ZenCash Roadmap Zen Node Software • Zen node software will be upgraded soon to make some improvements. This will be a Hard Fork, meaning system node operators must upgrade to continue operating in consensus with the rest of the network. Summary of updates: • Bug fixes on P2SH multisig addresses to make them compatible with replay protection. • Upping the community funding to 12% of block rewards, adding the 3.5% secure node rewards to the current 8.5% pool.

These funds will be held in escrow until the secure node network goes live. • Swapping out old community fund addresses for new ones. • Changing the requirement for community fund UTXO to first be sent to z_addresses. These funds will still all be sent through z_addresses before being spent to preserve fungibility, but requiring it in the first step limits multisig security. • Zen node communication encryption. Part of security is enabling encryption of communication traffic between nodes and wallets.

This is the next item on the development list after. For a more complete explanation, and an example of a proposal for Bitcoin to get the upgrade, here is an article about a proposal. Zen Secure Nodes An important part of ZenCash is operating Secure Nodes. Zen nodes run the software that makes the ZenCash system work. The purpose of is to create a network that is large and resilient enough to provide the foundation for a worldwide private communication and publishing system that is difficult to interrupt and gather data on. The ideal would be 1000-5000 secure nodes, each running on a separate system, all over the world.

There will be software applications that use the Zen node software as a service. This software will go through multiple versions as it becomes a decentralized and more automatic system. The plan for the first version is to get a reliable and centralized tracking and payment system operating. A brief description is: • Software running on each node connects to Zen Secure Node Tracking Server • Tracking Server tracks which nodes meet Secure Node compliance requirements • Payment Server creates payment transactions. • Zen Secure Node Reporting server creates and publishes reports of Secure Nodes and Payment status ZenCash has contracted a who is working on publishing the specifics for development.

Specifications are expected soon, and development, testing, then deployment will follow. Wallet Software Wallet upgrades and new wallets are on the way. Plans for wallets • The secure messaging and publishing capability of Zen takes place in the wallets. Multiple wallet improvements are in progress to make messaging a more user-friendly feature. • One to one message listings • One to many message capability • Integration with IPFS publishing (see below) • Secure Node staking feature in the ZenCash wallet • Mobile wallets for transparent addresses.

• Hardware wallets for transparent addresses. Also on the roadmap is the ability to conduct shielded transactions on mobile wallets and with hardware wallets. InterPlanetary File System Integration for Publishing In addition to private communications, an important part of the ZenCash roadmap is the ability to integrate IPFS publishing into the private one-to-one and one-to-many communications. The big picture overview is that a user can publish something on IPFS, then message the IPFS hash to others using the ZenCash wallet where it can then be accessed. There are other distributed file system projects that are able to be integrated as well. IPFS will be the first, and the capability to use it will be integrated into the wallet. It may be beneficial to have the Secure Nodes also operate as IPFS peers to ensure the anonymous publishing and access capabilities are available worldwide.

Proposals, Projects, and Funding ZenCash has a great community. Supportive, positive, and encompassing many different talents. We are building a process for people to create proposals for work, to be paid for in ZenCash from the Treasury. These proposal would be discussed, a decision made on whether to fund or not, and would be turned into funded projects with deadlines. This could be for feature development, companion software, marketing initiatives, or other types of activity that would help improve ZenCash The first stage of this process will be done in the.

Treasury and Governance The Zen Blockchain Foundation requires the ability to manage representative governance. The model and software for this needs to be built. This should be completed by the end of 2017. The intention is to continue to develop the existing culture of an inclusive and egalitarian community of people working together to built something great. As Zen grows, there will be an ability to make changes to how it is set up and operated. One example that gets debated quite a bit is the right amount of funds for Secure Nodes.

Some people are happy with 42 Zen and 3.5% reward. Others think it should be higher. These are the types of things that can be changed in the future with an inclusive and representative governance system. Documentation and International Support ZenCash is focused on end-user adoption and creating systems that are reliable and useful for people worldwide. This means documentation in many different languages. Documentation needs to be created and maintained for: • Wallet installation, operation, and upgrades • Secure messaging using shielded transactions.

• Secure Node software installation, operation, upgrade, and maintenance. Systems and Procedures for Reliable Internal Operations ZenCash already has multiple information systems that are used for communicating and organizing the activity of the community. Minecraft ZenCash ZEN Server on this page. These are going to grow and increase in complexity, especially as we add in requirements for resiliency and uptime.

Zen will need an IT staff that uses industry standard methods to ensure reliability, security, uptime, and usability of the ZenCash information systems. This means hiring a systems administrator and putting him or her to work. Research & Development and Future Roadmap Planning ZenCash is off to a great start leveraging the software created by Zcash.

Over time, ZenCash will continue to add features specific to Zen. An example is the Secure Node system. There are other ways that Zen can improve as well. There should be a formal method of working with talented academic researchers to prototype and develop continuous improvements.

Zen is going to be around and accomplishing great things for a long time. In parallel with building out the 1-2 year roadmap (with slight adjustments as we go) described in the Zen White Paper, it will be important to have a longer term view for improvements as well so ZenCash can continue to stay at the forefront of cryptocurrency capabilities. Reference: ZenCash Website – ZenCash Blog – ZenCash Github – ZenCash Forum – ZenCash Slack – ZenCash Twitter – ZenCash Telegram – ZenCash on Bitcointalk – ZenCash YouTube Channel – ZenCash Facebook Page – ZenCash Blog on Medium – Buy or Sell ZenCash ZenCash on CoinMarketCap – ZenCash on Bittrex – ZenCash on TradeSatoshi – ZenCash on CryptoDAO –.