What is Zcash?
Zcash uses proof of construction to secure the network. This allows it to maintain security without disclosing parties or amounts involved in the transaction.
One huge benefit of Zcash is the ability of the user to choose whether or not they wish to encrypt their transaction. This way, transactions can be public, or private. It is totally up to you.
Zcash is based on a decentralized blockchain, just like Bitcoin. Zcash has caused lots of controversy, because it is set up as a company, not an opensource community.
Finding the right harware for mining Zcash can be difficult. It is important to balance the power of the GPU with the cost of the GPU and the cost of electricity.
Zcash Mining Hardware
Zcash uses equihash as its mining algorithm. Due to this, much like ethereum, the development of ASIC graphics cards for this cryptocurrency is unfeasible.
|Gigabyte GTX 1080 Ti Aorus||$1,819.89||Shop Lowest Prices|
|ASUS ROG STRIX GTX 1070 TI Advanced Addition||$1268.43||Shop Lowest Prices|
|MSI RADEON RX 480||$700.62||Shop Lowest Prices|
Gigabyte GTX 1080 Ti Aorus - $900
The Gigabyte GTX 1080 Ti Aorus is a card that can make you some serious money if you employ it in your mining rig. Much to the dismay of the modern day gamer, AMD graphics cards are amazing at Zcash mining.
This card has a hashrate of 800 Sol/s and a power consumption of 260 W. This hashrate/power consumption ratio yields an annual return of over $1,800!
ASUS ROG STRIX GTX 1070 TI Advanced Addition - $600
The ASUS ROG STRIX GTX 1070 TI Advanced Addition is a great choice for anyone looking to mine Zcash.
It has a hashrate of 535 Sol/s and a power consumption of 125 W. However, this is at 70% TDP. This card has the best hashrate/power consumption ratio when underpowered. This means your profits are the highest!
In fact, with this GPU you can expect to see an annual return of over $1,250!
MSI RADEON RX 480 - $300
Surprisingly, the MSI RADEON RX 480 boasts excellent performance for its price, especially when optimized for mining.
When you buy an RX 480, you can expect to see a large profit margin. It has a hashrate of 320 Sol/s and a power consumption of 130 W. With this power consumption/hashrate ratio, you can expect to see a yearly return of $700!
Please note that while it’s the cheapest, it also has the lowest hashrate. However, this doesn’t mean it’s a bad miner. In fact, the power/hashrate ratio is pretty good, which is probably one of the most important factors to consider when buying a mining GPU. If you’re on a budget, this is the Zcash miner for you.
Zcash Mining Profitability
Zcash seems to be a profitable cryptocurrency to mine in 2018. In fact, you can expect to see profits just shy of $2,000 annually! Take a look at the projected earnings with a GTX 1080 Ti
As you can see, Zcash mining in 2018 is very profitable. As the value of Zcash rises, so do your mining profits! You can check your mining profitability with this profitability calculator.
Setting Up Passive Income with Zcash Mining
Mining Zcash is a great way to set up passive income.
Look at it this way:
When you go to work, you get paid for the hours you put in. If you work for a few hours, you’ll be paid for a few hours.
However, with Zcash mining, if you put in a few hours of work, you’ll be paid indefinitely after that, even after you’ve stopped working.
How does this work?
That’s the beauty of passive income. Once you set up your mining rig, you’ll generate revenue all of the time, as long as you keep it on.
Is Zcash Mining Practical?
The answer is yes, as long as you invest in one of the GPUs listed above. Mining is a delicate balance of hashing power, the initial startup cost, and the cost of electricity.
This is how you determine your return on investment.
You want a GPU that isn’t terribly expensive, but has enough hashing power to make the electricity bill worth it. All three of the above GPUs will give you an excellent return on investment.