The Block Rewards will issue a total of 50 Zcash (ZEC) every 10 minutes. Regardless of whether you mine in a pool or you choose to go with solo mining, you will be rewarded for successfully mining a block. I recommend starting with a mining pool instead. Since the network hash rate is high, it requires a lot of electricity and expensive hardware. The network hash rate can be thought of as a way to measure processing power within the Bitcoin (or Zcash) network. This factor is swaying some people away from solo mining. However, the network hash rate is very high now. In the past, solo mining was profitable for mining Zcash. However, you will notice that with some coins, as you will soon see with Zcash, newer technology has made solo mining almost obsolete. According to some sources, solo mining and pooled mining yield similar results. Solo MiningĪs opposed to pool mining, solo mining does not force the miner to rely on other people to do the work. The other primary type of mining is referred to as solo mining. Note: If you join a pool mining group, you may have to pay a pool mining fee. If you join with other miners, then your chances of winning increase but your share of the winner's decreases. You can imagine this concept as a lottery pool. The miners then pool the reward for successfully mining the block and divide that reward evenly based on the computing power that each miner contributed to the Zcash mining pool. Mining in a pool just means that you combine with other miners, or pool together to increase the chances that you will be awarded the ability to mine a block. Below, I will break down the difference between Pool Mining and Solo Mining and describe which one I think is more beneficial. The two primary methods for Zcash mining are Pool Mining and Solo Mining. Like Bitcoin, there are different ways that you can mine Zcash.
Zcash staff refrains from calling the payment system anonymous, yet the protocol has many characteristics that one would consider anonymous. Zcash merely shows that a transaction took place, but not who the transaction was between, or how much money the transaction was for. However, with Zcash, all of the information like payment destination and the amount is encrypted so your financial history is kept secure. When you use Bitcoin, if you know someone’s address, you can see all of the transactions with detailed price amounts.
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