What is Zcash? How to mine Zcash?

Zerocoin is a cryptographic currency protocol invented by Ian Miers, Christina Garman, Matthew Green, and Aviel D. Rubin in 2013. Zerocash is an improved cryptographic currency protocol invented by Eli Ben-Sasson, Alessandro Chiesa, Christina Garman, Matthew Green, Ian Miers, Eran Tromer, and Madars Virza in 2014. Zcash is an implementation of the Zerocash protocol, with certain improvements as described in our protocol specification. We have adopted ZEC as the informal three letter currency code for the Zcash currency, and ⓩ as its currency symbol.

How to mine Zcash？

Like most cryptocurrencies, Zcash relies on miners to add transactions to the blockchain. While all nodes in the Zcash network contribute to verifying the validity of transactions, the miners take on the heavy lifting to secure the network.

To secure the network, Zcash uses a proof-of-work mining algorithm. Proof-of-work means that miners compete against each other using processing power to produce a new block on the chain. The first miner that succeeds completing the proper computation for each block is awarded with a network standard block reward and any fees for any transactions they add to that block.

By leveraging expertise in equipment procurement, operating with low-cost power, and more, miners can generate solid risk-adjusted returns, in many cases over that of Bitcoin mining.

ASICs are a popular choice for mining cryptocurrency because they can offer higher efficiency than CPU or GPU miners.mining hardware consumes a very significant amount of electricity, so running multiple mining ASICs in your home may damage your wiring or fuse board. It is key to understand these risks ahead of hosting an ASIC at home.