ZenCash ZEN Mining Hardware Comparison

What is the best mining pool for mining ZenCash? I wondered the question myself and set out to get some answers.. I connected 3 identical mining rigs to 3 different mining pools and created.

Mining Hardware Comparison – GPU Speed. Search for: Bitcoin Mining. Best ZenCash Mining Pool – for my small 1060 GPU mining rig. Best ZenCash.

I'm always on the quest to maximize my GPU Mining earnings, and with that I have been searching to find what is the best mining pool and by what is the best mining pool I mean what is the most. There are a lot of ways to increase your earnings when you are GPU Mining, for example when I mine ZenCash I search for the best graphic cards, the best mining software, and of course the best. I'm always searching for the most profitable mining pool, and to be the most profitable pool, the mining pool needs to be one of the most reliable mining pools.

• • • • Flair Filters • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • * • • More links • • • • • • • • • Mod News: Limit of two posts per cryptocurrency on the front page. Check out the latest. Welcome Welcome to. This subreddit is intended for open discussions on all subjects related to emerging crypto-currencies and crypto-assets. Please make quality contributions and follow the for posting. Rules • Obey the Golden Rule & Maintain Decorum • Lead by example and treat others as you would wish yourself to be treated. • No Trolling.

Do not make random unsolicited and/or controversial comments with the intent of baiting or provoking unsuspecting readers to engage in hostile arguments. Trolling, in all its forms, will lead to a suspension or permanent ban. Do not waste people's time. It's the most valuable resource we have. • See our wiki page for more details about this rule. • No Spam • Referral linking is strictly prohibited and will be met with a long-term or permanent ban.

• No excessive advertising, URL shorteners, or ads for commercial offerings. • No more than 2 comedy/meme posts allowed on the top page.

• No more than 2 promotional posts per coin on the top page. • To mitigate abuse from throwaway accounts, a minimum of 20 comment karma & 10-days account age is required for participation. • See our page for more details about this rule. • No Manipulation • No pumping, shilling, or FUD (fear, uncertainty, doubt). • Do not use multiple sockpuppet accounts to manipulate votes to achieve a narrative. • Do not solicit, complain about, or make predictions for votes.

• Do Not Incite Illegal Activities or Beg • Do not incite or encourage illegal activities. Content promoting leaks, buying/selling drugs, tax evasion, etc will be removed. • No malware, spyware, phishing, or pharming links. • Do not post addresses or seek donations without pre-approval from the moderators. Pre-approval is granted in only the most extraordinary circumstances. • Do not beg for karma. • Do Not Post Low-Quality Content • High-quality submissions are encouraged.

Baseless price speculation, shilling, repetitive posts et cetera are removed. 'Recommend a coin' can be discussed on the daily thread. • See our wiki page for more details about this rule.

• Do Not Reveal Personal Information • Do not reveal personally identifying information(PII), otherwise known as doxxing yourself. Divulging how many coins you own can make you a target of hackers and identity thieves. • Do not doxx other redditors even if they engaged in an illicit activity. Report them to the mods instead. • Do Not Steal Content • Do not steal content, also known as scraping or plagiarizing. Submitting links to blogs or news sites which are notorious for this activity will result in suspension or permanent ban. Use to help determine if content is stolen or not.

• Keep Discussions on Topic • Idealogical posts or comments about politics are considered nonconstructive, off-topic, and will be removed. Exceptions will be made for analysis of political events and how they influence cryptocurrency.

• Use Suitable Titles and Correct Flairs • No clickbait. Titles cannot be misleading. They should accurately represent the content being linked. • Titles must be in English. • No URLs in titles. • No low-effort content typically characterized by low character count, all caps, & banal wording.

Example: 'SELL SELL SELL!!!' • See our wiki page for more details about this rule. • Communicate With The Mod Team • Report rules violations. The rules are only as good as they are enforced. Mods cannot be everywhere at once so it is up to you to report rule violations when they happen. Do not fall victim to the Bystander Effect and think someone else will report it. • Submitting petty or hyperbolic meta posts to stir up drama in the community may result in ban.

Message your issues to the modmail or in instead. • If you wish to have your subreddit or website listed in our sidebar, please review our first. If you meet our standards, message the modmail. • See our page for more details. Monthly Top 10 Market Cap Subreddits Home Subreddits Related Crypto Subreddits Related Tech Subreddits IRC News • • • • • • • Exchanges • • • • • • • • • • • • Mining • • • • • Resources & Tools • • • • • • • • • Our Subreddit Friends • • • •. Monero v ZenCash In this post I will attempt to compare two privacy based cryptocurrencies, Monero and ZenCash.

Disclsoure: I mine Monero and have bought ZenCash. Monero and ZenCash both offer a value proposition as fungible, privacy based coins. Fungibility in cryptocurrencies is in fact inherently linked to privacy, because it is the knowledge of the history of a non private coin that makes it non fungible - for example, certain Bitcoins derived from a criminal enterprise could theoretically be “blacklisted” by for example exchanges and therefore they would have less value than other Bitcoins. At present this is mostly a theoretical problem, but it may become a real one with time. Both Monero and ZenCash claim to be fungible. Monero is a much older coin, having originated in 2014, while ZenCash, which derives from source code finalized late 2016, is less than one month old. In this comparison of Monero and ZenCash, I ought to be upfront in saying that while I mine Monero, I have no faith in its long term prospects as a cryptocurrency, for reasons which I will explain in this post.

Monero, and ZenCash - and every other cryptocurrency - both have roots in Bitcoin. Monero introduces Mixin, whereby one’s transaction signature is mixed with multiple other transaction signatures.

The default number of Mixin is 4, and the mandatory minimum is 2. If one’s own transaction is added, then there’s a minimum of 3, and a default of 5 signatures combined. The effect of this is the outside observer cannot determine which out of the three or five is whose signature. Clearly this is more private than Bitcoin, where the blockchain is completely public knowledge, and all transfers are publically stored on the Blockchain with the sender amount, receiver amount, and amount of transaction.

The problem is there’s a growing body of software and expertise that can map network connections and with increasingly more effectiveness find relationships between participants in that network, even through a mixing process such as Mixin. It would obviously depend on how much resource one’s adversary would be willing to use, but my opinion is that all mixing processes can be compromised by a nation state level adversary. Monero also has introduced a new feature called Ring CT which, in addition to Mixin's obfuscation through signature mixing, obfuscates the amount of the transaction. This is an improvement, because clearly hiding transaction amounts makes it even harder for an external party to trace transfers. That is of course if everything works according to plan.

The problem is Monero has no funding mechanism to ensure everything goes according to plan. 100% of the block reward in Monero goes to miners, and so contributors auditing code, or just generally contributing to the project have no mechanism to get paid for their contribution. There do appear dedicated capable programmers willing to donate their time free to Monero development, who appear idealogically motivated to promote to a voluntary-ist privacy enhanced cryptocurrency. The problem is, that’s not enough for sustainable long term development.

The Ring CT protocol Monero uses disastrously bloats the blockchain, and Monero had scaling issues before, now it has enormous scaling issues. Monero’s scaling issues make Bitcoin’s scaling problem look like a picnic in the park. And the cold reality is there is no way volunteer only coders, and community members will solve such a fundamental and complex issue, or the many others that cryptocurrencies are inevitably faced with. ZenCash on the other hands uses a zero knowledge proof of work algorithm known as zkSNARKs and is based on source code finalized in late 2016. In zkSNARKs no mixing occurs, because there is zero knowledge, there is nothing to mix. The sender’s address, the recipient’s address and the amount transferred are all unknown. This provides a considerably higher level of privacy than Monero.

A second advantage of ZenCash is that while it may face scaling challenges going forward, they are nothing like those of Monero - Monero’s scaling issues are almost off the Richter scale. ZenCash has superior privacy to Monero, and this is one of its advantages. However, another of its advantages is that it has a clear and sensible funding model to facilitate its ongoing development.

Unlike Monero, that allocates 100% of the block reward to miners, ZenCash allocates 88% of the block reward to miners. The remaining 12% is shared 8.5% for the DAO and core team to fund development, outreach, and partnerships, and 3.5% is reserved for secure nodes. Anyone who has watched Dash and the - presently few - other coins that have learned from and implemented evolutions of its funding model knows how important a development funding system is to drive development and innovation, marketing, and over time rising prices. I view ZenCash’s funding as a very good balance of competing interests, and likely to drive the coin’s development and value. Monero does have advantages over ZenCash. There are two primary ones I can think of. Firstly, Monero’s mining algorithm CryptoNote makes CPU mining more competitive.

This is of enormous benefit to hackers and botnet operators, because many of the computers they compromise won’t have dedicated GPUs and so they must have a coin that allows competitive CPU mining. A second advantage of Monero over ZenCash is that it is currently accepted at one or two Darknet markets. So I suppose if one wanted to privately buy one’s drugs - and I’m deliberately not mentioning more objectionable products purchasable on Darknet markets - one could use Monero and it would be fairly private - apart from the package that one presumably gets in the mail containing said drugs, which would be a little less private. ZenCash by contrast is in its infancy and can’t be used anywhere. These advantages aside - and the only enduring one I can think of is that Monero’s CryptoNote allows competitive CPU mining - I strongly recommend against investment in Monero. Its marketcap is about $730 million as I write, but in the last couple of months as the cryptocurrency market has exploded it has underperformed.

ZenCash is worth at present I believe less than $15 million in market cap. One thing I like about this is that buying a coin with limited marketcap limits downside risk, which despite the extraordinary rises of last two months is in my view essential to always keep in mind. I mine Monero because CPUs can mine it competitively. However, I’ve always sold, and never regretted that decision as I’ve swapped into coins that grew in value more quickly. For all I know Bytecoin, which uses the same mining algorithm as Monero, is better value to mine. It used to be worth less than a 10th of Monero.

But now it’s almost as valuable as Monero. Anyway, I don’t have time to change my mining set up at this point, so I will continue to mine and sell Monero. When it comes to making capital allocations in crytpocurrencies, we are all ultimately answerable to ourselves, and must make our own decisions with as much information as possible.

What I have written here are the views of one man. In my case, I cannot imagine buying Monero. I have, and would again, buy ZenCash at its present price around $8.00 a coin. Reddit is becoming a shithole because people write things you don't agree with?

Siacoin SC Without Mining here. To me that's an infant's mind at work, bottle, bottle, bottle, bottle, I want bottle. Reddit's whole purpose is the sharing of ideas.

Why would I not want to pump Monero then since I mine a heap of it, and financially at this point I would do better out of Monero succeeding than ZenCash? The answer is, because anyone who looks into it realises it has no real prospects of success.

Anyway, I can't wait for you to 'obliterate' my arguments, it sounds impressive. Monero is a very interesting concept. One downfall is that holding the coin has almost no value from the website. Whitepaper: 'There is a 1% fee for all transactions (swipe and exchange) of ETH/BTC. These earnings will accrue in the MCO Smart Contract, the rights to which will be held by community members who hold MCO tokens.'

, This means that if you own 100 tokens and there is a supply of 10,000,000 tokens, and they somehow have $100 Million of revenue that year from transactions, you will earn: $100M * 0.01 = $1m dispersed to the token holders. $1m / 10,000,000 = $0.10 per token holder 100 Tokens * 0.10 = $10.00 profit that year. Now, considering each token costs about $3 (120MCO/1 ETH). $3 for $0.10 hoping they make $100M.

Not good in my opinion.