Less Than 100 Blocks Remain Until the End of the ZEC Slow Start Mining

1 Dec
2016

zchain-block-explorer

In a couple of hours the initial slow start of mining for Zcash will finally be over after a bit over a month since the official launch of ZEC. There are already less than 100 blocks remaining until we reach the 20000 block where the block reward gets to the full 12.5 ZEC. So if you were mining and selling up until now in order to get the maximum out of the slow start phase of mining, now you may also consider the option about mining and holding some coins long term as well. That of course is not a sure strategy for making profit, but sounds like a reasonable idea considering the fact that there is still a lot of interest in Zcash and after some time it may start going up in terms of an exchange rate. At the moment the exchange rate of a single Zcash coin is at about $63.6 USD and it has been pretty stable lately even with the slowly increasing block reward until it reaches the full 12.5 coins per block. Some people consider that this is still a pretty high valuation for ZEC at this point in time, but then again it is also up to the market to decide what is the actual value of the ZEC coins. There is the chance that the value may drop or rise up, so be careful what are you deciding to do after the finish of the slow start of mining phase…

To keep a track of how things are moving with the Zcash using the Zchain explorer…



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3 Responses to Less Than 100 Blocks Remain Until the End of the ZEC Slow Start Mining

ubi

December 5th, 2016 at 17:59

I was thought that is less than 100 block until the end of zec …. and with proces today i can say – it is end of profitability over eth…

Koolaid

December 6th, 2016 at 18:37

Slow start is still going on is it not? The block reward has been stuck on 10 for the past week. I would have expected the block reward to be full by now, but nope.

chronek

December 6th, 2016 at 19:55

@Koolaid slow start is over, blocks are full payed 12,5 zec (10 to miners 2,5 to investors (20% of 12,5 is 2,5))

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