Posts Tagged ‘Equihash’

BitcoinZ (BTCZ) Equihash-based Altcoin With Large Supply and Block Reward

10, Oct 2017

With the recent peak of the price of Bitcoin altcoins have been going down and people have been looking for alternatives to the most popular and profitable coins to mine. Here is one interesting alternative called BitcoinZ (BTCZ) that is based ont he same mining algorithm used by ZCash (ZEC) – Eqihash for GPU mining, and comes with a large total supply and big block reward. The max supply of the coin is 21 Billion with 12500 coins block reward and blocks every 2.5 minutes, so not like most other ZEC clones that come with small supply and block reward. Some good places to trade the coin include Crex, Stex.

With enough user interest and a decent community forming this could as well turn out to be like the DOGE, even though it is not based around a meme. If you are into coins with large supply and block rewards you might want to dig a bit deeper into BTCZ and see what it is all about, do note however that it is still fairly new project that is just about a month old since launch. Profitability wise it is not that profitable to mine at the moment when compared to other more popular coins, but things could turn out to be more interesting in the future if interest in BitcoinZ continues to rise.

– Visit the official announcement thread for BitcoinZ (BTCZ) on Bitcointalk…

Another Upcoming Bitcoin Hard Fork – Bitcoin Gold (BTG)

4, Oct 2017

There is apparently another upcoming Bitcoin fork that is named Bitcoin Gold (BTG). This community-activated hard fork of BTC will result in the new asset becoming available for the owners of Bitcoin that hold their Bitcoins on October 25th where the snapshot of the Bitcoin will be taken as a base. So you will get the same amount of Bitcoin Gold (BTG) as you have had in BTC on the day of the Bitcoin blockchain snapshot being taken. The more interesting aspect of this new fork however is that it is not another Bitcoin Cash type of fork that essentially uses the same kind of PoW as Bitcoin and can be mined with ASICs only, instead the BTG fork will use Equihash as a mining algorithm thus making it a GPU mineable coin. Do note that the team has already warned that Bitcoin Gold (BTG) aka Bgold, the upcoming community-activated hard fork of Bitcoin, is not associated with (XBG) BTCGOLD as apparently some people might mistake the two. It is definitely something interesting to keep an eye on, though for the moment there are not that much details available. Some good places to trade the coin include Binance, HitBTC, Gateio, Livecoin, Crex, Stex.

– Visit the official website of the Bitcoin Gold (BTG) project here for more details…

Some Updates for the Available Zcash (ZEC) Cloud Mining Options

3, Nov 2016

genesis-zcash-hashrate-new

Starting with Genesis Mining who have once more upgraded the Zcash cloud mining hashrate for their existing customers by another 25%. This means that everyone that has already purchased Zcash cloud mining hashrate from them got a nice boost in performance and amount of mined ZEC for free. Furthermore, new customers purchasing Zcash cloud mining hashrate will also get a boost in the hashrate they purchase, however the mining for new contracts purchased at the moment will start on December 1st and not immediately, so pretty much after the slow start for the mining ends.

The new Zcash (ZEC) cloud mining prices are the following after the last upgrade with 25% improvement in hashrate – 0.75 H/s for $29 USD, 7.5 H/s for $280 USD and 75 H/s for $2600 USD. These are up form 0.6 H/s, 6 H/s and 60 H/s for the same prices thanks to the hashrate improvement that apparently the company has achieved in their mining recently. Also don’t forget that you can use our special discount code during checkout to get 3% off the regular prices for Zcash mining hashrate, just enter CryptoMiningBlog5 as promo code during checkout to take advantage of the better price offer.

– For more information about the Zcash cloud mining pre-order from Genesis Mining…

hashflare-zcash

Another cloud mining service provider that has been available for quite some time already as well – HashFlare has also announced their plans for offering cloud mining hashrate for Zcash (ZEC). They have already started the presale of mining contracts with a price of 4.20 USD per 0.1 H/s with the launch of mining planned to start before 21.11.16, so you will be able to catch some of the slow start mining period as well. Each of their Zcash cloud mining contracts will last for 1 year (from activation) and will not have any additional fees as everything is apparently included in the price.

Their prices are now a bit higher than the above alternative since the latest announcement of hashrate upgrade, but there is an active promotional code for them as well that is following a recent Halloween promotion going for all knids of cloud mining hashrate being offered. You can use the promo code HF16HLLWN10 to get a 10% discount from the regular price of $4.20 USD per 0.1 H/s for the EQUIHASH cloud mining hashrate being offered at the moment. Do note however that this discount code will be valid only until 06.11.2016 23:59 (UTC +0) when the promotional offer will expire.

– To check out the new HashFlare Zcash (ZEC) cloud mining hashrate available for pre-order…

nicehash-zcash

Besides the ability to rent and lease hashrate for the new Equihash mining algorithm being used by Zcash (ZEC) NiceHash is also offering what they call Fast Zcash Cloud Mining Contracts. These are 24 hour mining contracts, but with a large amount of hashrate that you are getting for this short period of time. This is an interesting alternative to long term cloud mining contracts, but probably not the best one for the moment while we are still in the slow start of mining for Zcash. Still a nice alternative to have to long term contracts as well as to traditional renting of hashrate where the price may vary and here you have a fixed price for the day.

Another popular service for renting and leasing hashrate, namely Mining Rig Rentals has yet to introduce support for the new algorithm used by Zcash (ZEC), so for the moment it is not interesting option for people that are all into Equihash. With the big interest however we are not going to be surprised if they don’t take much time to also introduce Zcash support in the next days.


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