ZCoin XZC Miner Computer

Greetings Steemians! I haven't posted a mining update in awhile so I thought it would be a good idea to summarize the latest coin I'm mining, XZC, also known as ZCoin. What is ZCoin? ZCoin is the first cryptocurrency utilizing zero knowledge proofs via the Zerocoin protocol for anonymous transactions of cryptocurrency utilizing the Lyra2z hashing algorithm. I was quite surprised to find out about this hidden little gem of a coin.

I regularily use whattomine.com to find out about different coins to mine, typically sticking to the list presented at the front page, but ZCoin wasn't there. It wasn't until browsing different coins on suprnova's pool list that I found ZCoin. Impressed with it's potential and current technology I set out to try mining it and was in for a pleasent surprise. Mining Profits Now lets dive into the profit potential, afterall that's what we're here for right?

To benchmark the profits, I'm utilizing my combo workstation/mining rig with 2 1080 Tis, and a 1080. When utilizing these 3 GPUs with my machine solely mining and not being utilized for day-to-day purposes, I get just shy of 8000kH/s, and clock in at 7891kH/s. If we plug that into whattomine with a 1% donation rate, I'm getting a profit of $3578.37USD/year (roughly speaking). If we take my same 3 GPUs, and look at the current most profitable coin listed on whattomine.com's front page, I'm getting a profit of $2498.18USD/year! Just by switching algorithm's from the previous coin I was mining, netting an extra $1000USD/year from the same hardware! The potential here is amazing. ZCoin has good potential for long-term value growth, as well as immediate gains in profit create the perfect storm for some sweet sweet gains.

Live ZCoin prices from all markets and XZC coin market Capitalization. Stay up to date with the latest ZCoin price movements and forum discussion. Check out our. Cpuminer-xzc - cpuminer for Zcoin Lyra2Z PoW. Skip to content. Features Business Explore Marketplace. Use -a lyra2z for XZC mining on pools like on https.

Red-Miner Zcoin (XZC) crypto currency - online profitability mining calculator in 2018.

I highly recommend checking out this algorithm and cryptocurrency as you won't be dissapointed by it's mining profit margins. If you found this post of use to you, an upvote, follow, and/or resteem would be greatly appreciated!

The Zerocoin logo Demographics Zerocoin is a proposed by professor and graduate students Ian Miers and Christina Garman as an extension to the that would add true cryptographic to transactions. Zerocoin was first implemented into a fully functional cryptocurrency released to the public by Poramin Insom, as the Zcoin. Zerocoin provides anonymity by the introduction of a separate known as zerocoin that is stored in the bitcoin blockchain. Though originally proposed for use with the bitcoin network, zerocoin could be integrated into any. Contents • • • • • • • • • • • • • Rationale [ ] Bitcoin transactions are all stored, by design, in a public ledger (the ) that is accessible to everyone. These transactions provide privacy through, in that while each transaction is associated with the public address of the sender and receiver, the names of the owners of these addresses are at no time made known to the bitcoin network. To increase privacy, each person could create as many public addresses as they like, making it difficult to link transactions to the same person.

If additional privacy were required, it is possible to bitcoin through a trusted third party, where the input coins are mixed in a large pool and output to a new address. Regardless of the best precautions, by data mining of the blockchain, it becomes possible in certain cases to link a set of public addresses to a specific (unnamed) individual. For example, this could be done by the analysis of spending habits, or by having the change of a transaction from one public address being sent to another. Furthermore, by utilizing information external to the blockchain, such as public bitcoin addresses posted on a web site, or the postal address used with a bitcoin purchase, the possibility exists that every single bitcoin transaction of a given person could be determined. Zerocoins are purchased with bitcoin in fixed denominations by a zerocoin mint transaction.

Later, these zerocoins can be redeemed for bitcoin to a different bitcoin address by a zerocoin spend transaction. Through the use of and with, it is not possible to link the bitcoin address that was used to mint the original zerocoin to the bitcoin address used to redeem the zerocoin. Zerocoin protocol [ ] The zerocoin extension to bitcoin would have functioned like a money laundering pool, temporarily pooling bitcoins together in exchange for a temporary currency called zerocoins. While the laundering pool is an established concept already utilized by several currency laundering services, zerocoin would have implemented this at the protocol level, eliminating any reliance on trusted third parties. It anonymizes the exchanges to and from the pool using cryptographic principles, and as a proposed extension to the bitcoin protocol, it would have recorded the transactions within bitcoin's existing blockchain. The anonymity afforded by zerocoin is the result of cryptographic operations involved with separate zerocoin mint and spend transactions. To mint a zerocoin, a person generates a random serial number S, and encrypts (that is ) this into a coin C by use of second random number r.

In practice, C is a. The coin C is added to a cryptographic accumulator by miners, and at the same time, the amount of bitcoin equal in value to the denomination of the zerocoin is added to a zerocoin escrow pool. To redeem the zerocoin into bitcoin (preferably to a new public address) the owner of the coin needs to prove two things by way of a. (A zero-knowledge proof is a method by which one party can prove to another that a given statement is true, without conveying any additional information apart from the fact that the statement is indeed true.) The first is that they know a coin C that belongs to the set of all other minted zerocoins ( C1, C2. Cn), without revealing which coin it is. In practice, this is done quickly by use of a one-way that does not reveal the members of the set. The second is that the person knows a number r, that along with the serial number S corresponds to a zerocoin.

The proof and serial number S are posted as a zerocoin spend transaction, where miners verify the proof and that the serial number S has not been spent previously. After verification, the transaction is posted to the blockchain, and the amount of bitcoin equal to the zerocoin denomination is transferred from the zerocoin escrow pool.

Anonymity in the transaction is assured because the minted coin C is not linked to the serial number S used to redeem the coin. The used for the zero-knowledge proof would have to be re-computed every time a spend transaction is verified, and although this can be done incrementally if the accumulator checkpoint is carried on from earlier blocks to the new block, it would still add some overhead to the verification-process. Additionally, both the accumulator checkpoint and all the zerocoin serial numbers would have to be added to every bitcoin block, thus increasing the size (although not substantially). Since the verification process for zerocoins is much more computationally heavy than for bitcoins, the verification time for a block would increase up to 6 times depending on the ratio between bitcoins and zerocoins. Preliminary tests done by the developers show that even with the increased verification time and blocks twice the size of current bitcoin blocks, the verification time for an entire block would not exceed five minutes, and since a new bitcoin block is currently created every ten minutes on average, the increased verification time should not be a problem.

Zcoin (XZC) [ ]. • Unofficial. Zoin is a community governed digital currency that has implemented the Zerocoin Protocol.

Zoin was created in November 2016 from a early fork of Zcoin. Private Instant Verified Transaction (PIVX) [ ] PIVX is the first cryptocurrency that has implemented the Zerocoin protocol.

Zerocoin went live on PIVX on October 16th, 2017. The Zerocoin PIVX tokens are known as zPiv.

SmartCash (SMART) [ ] SmartCash (SMART) is a Keccak SHA-3 algorithm, mineable coin that uses Zero-knowledge proofs from the zerocoin extension. ZeroVert (ZER) [ ] ZeroVert (ZER) is a Scrypt-N algorithm coin, merge-mineable on the VTC chain with a total circulation of 8.4 million ZER. How Do You Get Einsteinium EMC2 From Mining.

Zerocash protocol [ ]. The of this section is. Relevant discussion may be found on the. Please do not remove this message until. (April 2017) () The improved version of the protocol 'that reduces proof sizes by 98% and allows for direct anonymous payments that hide payment amount' was announced on 16 November 2013.

The developers presented their technical paper at the 2014 IEEE Security & Privacy Symposium along with launching the site. The new protocol was called Zerocash. It is now not an extension to the bitcoin, but rather an independent technology with the same basic principles as blockchain and transactions, which was planned to implement in alt-coin. Zerocash utilizes succinct non-interactive zero-knowledge arguments of knowledge (also known as ), a special kind of method for proving the integrity of computations. Such proofs are less than 300 bytes long and can be verified in only a few milliseconds. However, zk-SNARKs require a large initial database for verifying (about 1.2 GB) and long time for producing a proof (spending the coin): 87 seconds to 178 seconds.

Zcash (ZEC) [ ] Between 5 October 2015 and 11 January 2016, the Zerocash website started noting that 'The Zerocash protocol is being developed into a full-fledged digital currency,.' Reception [ ] One criticism of zerocoin is the added computation time required by the process, which would need to have been performed primarily by bitcoin miners. If the proofs were posted to the blockchain, this would also dramatically increase the size of the blockchain. Nevertheless, as stated by the original author, the proofs could be stored outside of the blockchain. To counter criticisms that the anonymity offered by zerocoin would facilitate illegal activity, it has been suggested that a, or other features, could be added to the zerocoin protocol to allow police to track money laundering, but this was not advocated in the original paper. Since a zerocoin will have the same denomination as the bitcoin used to mint the zerocoin, anonymity would be compromised if no other zerocoins (or few zerocoins) with the same denomination are currently minted but unspent. A potential solution to this problem would be to only allow zerocoins of specific set denominations, however this would increase the needed computation time since multiple zerocoins could be needed for one transaction.

Depending on the specific implementation, the zerocoin protocol would rely on one or more trusted parties to generate two large prime numbers, p and q, so n = p q. Since n has to be hard to factor, p and q must be unknown to normal users for zerocoin to be secure. The protocol could rely on RSA unfactorable objects to avoid having to have a trusted party for the setup process.

Such a setup, however, is not possible with the new Zerocash protocol. History [ ] In February 2017 a malicious coding attack on Zerocoin created 370,000 fake tokens which perpetrators sold for over 400 Bitcoins ($444,000).

Zerocoin team anounced that a single-symbol error in a piece of code “allowed an attacker to create Zerocoin spend transactions without a corresponding mint.” In an uncommon move, developers have opted not to destroy any coins or attempt to reverse what happened with the newly generated ones. On April 28, Zcash surpassed $100 mln in market cap. References [ ].

Retrieved 2017-03-16. • Bradbury, Danny (7 June 2013).. CoinDesk Ltd. Retrieved 8 February 2014. • ^ Miers, Ian; Garman, Christina; Green, Matthew; Rubin, Aviel D. 2013 IEEE Symposium on Security and Privacy. IEEE Computer Society Conference Publishing Services.

Retrieved 16 September 2017. 9 August 2017. • (November 16, 2013).

Retrieved September 16, 2015 – via. Retrieved 2017-09-16. Retrieved 2016-06-17. • Team, The Zerocash.. Retrieved 16 September 2017. • Matthew Green [@matthew_d_green] (16 November 2013). (Tweet) – via.

• Ben-Sasson, Eli; Chiesa, Alessandro; Tromer, Eran; Virza, Madars (2014).. USENIX Security. 16 January 2014. Retrieved 16 September 2017. Retrieved 16 September 2017. • Peck, Morgan E.

(24 October 2013).. IEEE Spectrum... Retrieved 31 January 2014. • Hodson, Hal (13 March 2013).. Retrieved 8 February 2014. • Suberg, William (21 February 2017).. Retrieved 21 December 2017.

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