New Coin Zcash Coming Oct 28
Missed the Bitcoin? Dont have enough computer power to mine at home, watch the new coin coming Oct, 28 2016.
ZCash is an anonymous cryptocurrency that uses zk-snarks to ensure that all the information regarding user transactions is safely encrypted, while still verifiable by miners that can ensure no double-spending has taken place using zero knowledge proofs. ZCash is currently in the testnet phase and testnet ZCash has no value. The early bird gets the worm, however, and mining in the testnet is an excellent exercise to ensure that you’re ready to start mining real ZEC coins as soon as possible! The testnet can be reset, which will cause your Zcash testcoins to disappear.
ZCash will use Equihash as an hashing algorithm, which is an asymmetric memory-hard PoW algorithm based on the generalized birthday problem. It relies on high RAM requirements to bottleneck the generation of proofs and making ASIC development unfeasible, much like Ethereum.
In order to avoid Instamine ZCash will have a slow mining start, where block rewards will be issued slowler than normal. Read more.
The Zcash genesis block will launch in 18 days. Zcash is currently in testnet (testnet coins have no value and will never hold monetary value); our engineering roadmap is publicly available here. If anyone says that they will pay you Zcash before October 28, 2016, then there must be some mistake, because Zcash will not exist until then.
Please note, Zcash is still an experimental technology, and this is only the beginning of its (hopefully) long life. It is based on peer-reviewed cryptographic research, and built by a world-class, security-focused engineering team, but there is risk involved. We are consistently focused on building and maintaining an open, permissionless system that is viable, robust, and justifiably reliable and secure for users.
Visit the technology page to learn more about the Zcash protocol, and how to join the Zcash community.
If you dont want to learn and mine yourself you can consider renting mining service, I personally recommend, Genesis Mining, Genesis Mining (use code: CmzARc for 3% discount) is an easy and safe way to purchase hashpower without having to deal with complex hardware and software setup. We are a team of mining experts with extensive knowledge of the digital currency sector. Genesis Mining specializes in building the most efficient and reliable mining rigs that we also offer for rent to our clients. Finally, our experts in cooling and maintenance of data centres are also an important part of our success.
You can pre-order ZCash GPU mining horsepower before the go live date on Oct, 28.
It is quick and very easy! As soon as we receive your payment your contract will be added to your profile, and you can immediately start mining. Depending on your contract, you can either mine Bitcoin, DASH or Ethereum directly. It is also possible to trade your payments to other cryptocoins, and even choose a specific allocation for them. For example: 60% LTC, 20% BTC and 20% DOGE. The first payout reaches our clients wallets after 48 hours, and then a daily payout will follow.
Remark: Every day of mining will be processed and paid in the following 24 hours after the mining day is over.
Remember you can save 3% if you use my referral code “CmzARc”, signup today. Genesis Mining.