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It Is All About BTC, LTC, ETH, DOGE, KAS mining as well as other alternative crypto currencies
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After the initial craze due to the scarcity of Zcash (ZEC) coins and the big demand the prices has skyrocketed, but now with the slow start of mining progressing and the total block reward almost at 4 ZEC things are starting to stabilize. The initial crazy high profit for mining and selling Zcash coins seems to be over and at the moment mining and selling ETH or ZEC does bring almost the same profit for some GPU miners, though not for all. Miners with older AMD Radeon 79×0 and 280X GPUs still have higher profit mining Zcash than Ethereum, but for users with RX 480 for example things are already on the line to switch back to Ethereum. Nvidia seems to be currently lagging as far as performance optimizations for Zcash go, so the profitability there could be better for another algorithm or mining for another perspective in the long term crypto coin might also be a viable option.
You can keep track of the current profitability with the help of some useful mining calculators like the ones provided by CryptoCompare for both Zcash (ZEC) as well as for Ethereum (ETH) along with a few other popular coins such as Ethereum Classic (ETC), Monero (XMR), DigitalCash (DASH) and Litecoin (LTC). Make sure you set the correct hashrate your mining hardware is providing for each algorithm to make a proper calculation as different GPUs do provide different hashrate for the various algorithms. Do note that Etheeum Classic might also turn out to be pretty profitable alternative as well for some video cards that are still providing higher hashrate for the Ethash algorithm.
Earlier today Zcash (ZEC) went live as expected and people are already starting to mine it, some of them probably are still not aware of the slow start with very small block rewards initially. Regardless, with what is available as miners at the moment there are pretty much two places where you would want to go for mining if you still haven’t done so. The first one for CPU mining and CUDA mining is Flypool that uses a modified version of NiceHash’s stratum miner available for download here CPU/CUDA miner for Flypool.
For AMD mining you might want to head on to the Coinsforall mining pool that uses its own different protocol and has an OpenCL and CUDA miner. Earlier today Genoil has posted an OpenCL miner binary for Windows with stratum support, however it seems that his miner is still not ready for major use as most people are reporting issues making it work properly. We have tried his miner and also had trouble making it work properly, so if you have AMD OpenCL GPUs just go for Coinsforall for the moment and use their miner.
Exchanges where to trade ZCash (ZEC):
– Binance
– Bittrex
– GATEio
– Kraken
– HitBTC
– Yobit
– Livecoin
– Citex
– Stex
– Crex
– Graviex
- In: Crypto Coins
- Tags: Equihash, Equihash miner, Equihash mining, Genesis Mining, Genesis Mining Zcash, Genesis Mining ZEC, Zcash, Zcash cloud mining, Zcash CPU miner, Zcash crypto, Zcash details, Zcash GPU miner, Zcash miner, Zcash mining, Zcash specifications, ZEC, ZEC cloud mining, ZEC CPU miner, ZEC crypto, ZEC details, ZEC GPU miner, ZEC miner, ZEC mining, ZEC specifications
The LBRY Project and the LBRY Credits (LBC) crypto token used by it is reaching an important milestone for the miners and this is a moment when you might want to pay attention to. The block reward when mining LBRY Credits was constantly increasing in size from 1 to the maximum of 500 LBC over the course of a few months and the reward schedule is such that after peaking at 500 LBC the block reward will start to decrease. This is a good opportunity to catch the peak and mine some coins, especially if you are using Nvidia GPUs where you should give a try of the latest ccMiner from tpruvot. Do note that the project is still in invite mode beta, but there is no problem for you to mine LBC tokens and even trade them on the open market, alternatively you can just buy some of course.
Earlier this month the project has received some serious funding from a venture capital and that is here to show that the potential for LBRY is there and it is really promising idea that only needs to get implemented properly to really have a serious effect on the status quo. If that will happen is yet to be seen, but the project developers promise to open up the beta app by the end of this year (still in invite only mode) – and going to full product release in 2017. The blockchain-based decentralized content-sharing platform geared towards content creators (filmmakers, musicians, writers, or software developers) who want to have full control over their own work that LBRY promises can be a game changer, so make sure you don’t miss the train on this one. Again, there are no guarantees, but the potential is there, so why not give it a try and see for yourself. If you want to sell some of the mined coins you can do so on Bittrex.
– To get more details and early access to the beta of the LBRY Project…