What is Zcash and how to mine it?

Zcash-cryptocurrency-mining

What is Zcash and how to mine it?

Zcash (ZEC) is another Crypto currency like bitcoin but with a few different features. Zcash has caused a lot of controversy for its method of distributing the crypto currency. The organisation is not set up as an opensource community but as a Company. This is the first major difference to Bitcoin and other crypto currencies such as ethereum.

Zcash launched on the 28th of October 2016. and has a hefty heavy weight team working on it and backing it. The company is runned by Zooko Wilcox, a 41 year old cryptographer. According to him, as ”Zcash will get more popular will expect to give 10% of the coins for funding costs and 1% for non profit organisations.”

Zooko-Wilcox-Zcash
Zooko Wilcox

At the end of 2017 Zcash was the 12th highest valued cryptocurrency on coinmarketcap.com trading at $328.49 each. On this day price reach $548.56 and it’s 6th highest valued cryptocurrency.

Zcash is currently one of the leading anonymous cryptocurrency and due to its active developer team and strong backing, it will likely keep this status for a long time.If you believe anonymous cryptocurrencies will play an essential role in the cryptocurrency community then adding exposure to one of the leading privacy-focused coins with revolutionary technology would make sense.

How to Buy Zcash?

At this time, Zcash is available for purchase through five primary exchanges:

1. Shapeshift
2. Poloniex
3. Bittrex
4. Bitfinex
5. Bitsquare

How to mine Zcash?

It is important to note that the responsibility of mining rests only with the miners themselves. Caution is required when running a computer and using high power for a long period of time.

Mining profitability according to your GPU model and electricity charges can be calculated here: www.whattomine.com

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