What is Zcash? How to mine Zcash? | LLGO

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What is Zcash? How to mine Zcash?

Zerocoin is a cryptographic currency protocol invented by Ian Miers, Christina Garman, Matthew Green, and Aviel D. Rubin in 2013. Zerocash is an improved cryptographic currency protocol invented by Eli Ben-Sasson, Alessandro Chiesa, Christina Garman, Matthew Green, Ian Miers, Eran Tromer, and Madars Virza in 2014. Zcash is an implementation of the Zerocash protocol, with certain improvements as described in our protocol specification. We have adopted ZEC as the informal three letter currency code for the Zcash currency, and ⓩ as its currency symbol.

How to mine Zcash?

Like most cryptocurrencies, Zcash relies on miners to add transactions to the blockchain. While all nodes in the Zcash network contribute to verifying the validity of transactions, the miners take on the heavy lifting to secure the network.

To secure the network, Zcash uses a proof-of-work mining algorithm. Proof-of-work means that miners compete against each other using processing power to produce a new block on the chain. The first miner that succeeds completing the proper computation for each block is awarded with a network standard block reward and any fees for any transactions they add to that block.


BTC
Shut Down
Issue amount 21000000
24 hours volume 484.25K
24 hours turnover $ 57.46B
Market Direction Short
Panic Index 74 (Greed)
Swap Rate 2.43%
Market Value Proportion 58.95%
market value $ 12,354.43 x 100 million
24 hour increase 0.03%
Computing power 858.31 EH/s
daily output 0.00000050 BTC / T
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
LTC
Shut Down
Issue amount 84000000
24 hours volume 11.54M
24 hours turnover $ 1.14B
Market Direction Long
Swap Rate 15.17%
Market Value Proportion 0.19%
market value $ 43.24 x 100 million
24 hour increase -2.47%
Computing power 2.97 PH/s
daily output 0.00000348 LTC / M
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
BCH
Shut Down
Issue amount 21000000
24 hours volume 1.00M
24 hours turnover $ 502.20M
Market Direction Short
Swap Rate 5.06%
Market Value Proportion 0.24%
market value $ 53.34 x 100 million
24 hour increase -0.01%
Computing power 4.74 EH/s
daily output 0.00012667 BCH / T
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
FIL
Shut Down
Issue amount 2000000000
24 hours volume 223.40M
24 hours turnover $ 596.79M
Market Direction Short
Swap Rate 32.69%
Market Value Proportion 0.04%
market value $ 27.55 x 100 million
24 hour increase -1.70%
Computing power 22.63EiB
daily output 0.00331771 FIL / TiB
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
XCH
Shut Down
Issue amount 21410000
24 hours volume 633.84K
24 hours turnover $ 6.90M
Market Direction Long
Swap Rate 9.58%
Market Value Proportion 0.00%
market value $ 1.09 x 100 million
24 hour increase -1.82%
Computing power 14912.60839843 PiB
daily output 0.00027662 XCH / TiB
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
ETC
Shut Down
Issue amount 210700000
24 hours volume 24.61M
24 hours turnover $ 489.06M
Market Direction Short
Swap Rate 16.17%
Market Value Proportion 0.07%
market value $ 24.14 x 100 million
24 hour increase -0.88%
Computing power 272.31 TH/s
daily output 0.00004548 ETC / M
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
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