What is ZenCash?
If you’re reading this, you’ve probably heard about ZenCash; but what exactly is it? How is it different from other cryptocurrencies?
ZenCash was created with the privacy of the users in mind. Many refer to it as a privacy coin. Transactions are secure and off-the-grid, allowing you to send Zen directly to the recipient’s address.
ZenCash is also used for anonymous publishing. Users can post anonymous messages on the blockchain. This basically means worldwide anonymous publishing.
A Quick Overview of ZenCash
ZenCash is based on POW(Proof of Work). This means it can be mined. Every time ZenCash is sent, it must be verified on the blockchain.
To do this, miners verify transactions and solve the currency’s algorithm. In exchange for their work, they receive a bit of ZenCash as a reward. You pay in electricity as your GPU solves the algorithm and you’re rewarded with ZenCash. This is why it’s important to mine a cryptocurrency that’s profitable.
What Makes a Profitable Cryptocurrency?
Cryptocurrencies such as Ethereum and Litecoin are profitable cryptocurrencies, due to their value and block difficulty. If a cryptocurrency is too difficult to mine, such as Bitcoin, you’ll waste too much money on electricity to turn a profit.
However, if the cryptocurrency is easier to mine and/or more valuable, it’s probably worth it.
You can use this mining profitability calculator to view your projected mining profitability with the cards below. You’ll be able to see your projected earnings with each card. NOTE: ZenCash is extremely profitable to mine!
ZenCash Mining Hardware
Now that you know what ZenCash is and how mining works, it’s time to take a look at the hardware you’ll be using!
Originally, cryptocurrencies were mined with the CPU. However, it was quickly discovered that GPUs are far more effective. In fact, CPUs are practically useless for solving the complex algorithms.
Here are the 3 best ZenCash mining GPUs:
|PIC||GPU||Hash Rate||Price||Profit per Year||Buy|
|GeForce GTX 1080ti||750 Sol/s||$700||$2,609.43||Shop Now|
|GeForce GTX 1080||500 Sol/s||$550||$1,655.52||Shop Now|
|GeForce GTX 1070||444 Sol/s MH/s||$450||$1,592.46||Shop Now|
1. The GeForce GTX 1080ti is the best ZenCash mining GPU on the market today. If you’re looking to generate passive income through mining ZenCash, this is the card for you. With a hashrate of 750 Sol/s and a power consumption of 330 W at the wall. With specifications like these, the mining profitability looks to be pretty high. Take a look:
As you can see, you’ll generate over $2000 annually per card. That being said, if you invest in more cards, you’ll turn an even higher profit; maybe even consider a ZenCash mining rig.
|GeForce GTX 1080ti||750 Sol/s||$700||View on eBay|
2. The GeForce GTX 1080 is another great choice for ZenCash mining. It’s about $150 cheaper than the GTX 1080ti. However, the yearly return is significantly less, sitting at about $1600 annually.
While $1600 a year isn’t bad at all, it’s nowhere near $2600 per card. If you bought four 1080ti’s you’d be spending roughly $2800 and you’d be generating $10,400 per year. If you bought four 1080’s, you’d be spending about $2200 and you’d be making $6,400 per year.
We did the math. You’re only spending $600 more if you buy the 1080ti’s but you’d be making about $4,000 more per year. It makes MUCH more sense to buy the 1080ti’s.
However, if you’re just a hobbyist and you’re not worried about your profits, it probably makes more sense to buy the 1080 or 1070 as they’re cheaper but still turn a pretty decent profit.
|GeForce GTX 1080||500 Sol/s||$550||View on eBay|
3. The GeForce GTX 1070 is our third and final pick. Though it’s the cheapest of our top three, it’s also the least powerful. With a hashrate of 444 Sol/s and a power consumption of 150 W, it’s hashrate/power consumption ratio is spectacular.
With such a low power consumption, it’s a great GPU for the price. Take a look at the mining profitability calculator:
As you can see, the yearly profit is nearly identical to that of the 1080’s, but the card is about $100 cheaper. That being said, it’s probably the better choice.
|GeForce GTX 1070||444 Sol/s||$450||View on eBay|
Generating Passive Income with ZenCash Mining
Before we talk about setting up passive income with ZenCash mining, we must first understand what passive income is.
So, what is it?
Here’s an analogy I like to use:
With a regular job, you head to work just like you head to the gym. You get there, clock in, and start working. It’s just like hopping on the treadmill. When you’re finished with your shift, you clock out and go home just like you’d step off the treadmill when you’re finished with your workout.
However, a passive income is almost as if the treadmill is still running even when you’re finished. Even though you’re not working, your GPU is still mining, generating income when you’re out doing other things. This is passive income.
If you invest in one or more ZenCash mining GPUs, you have the potential to start generating passive income. The more you have to invest in mining hardware, the more money you’ll make.
ZenCash Mining Rigs
As stated previously, if you bought four 1080ti’s you’d be spending roughly $2800 and you’d be generating $10,400 per year. The more you put in, the more you’ll make.
This is where mining rigs come in. You can find ZenCash minig rigs on eBay. While they’re a big investment, they’re well worth it.
- What is ZenCash?
- A Quick Overview of ZenCash
- ZenCash Mining
- What Makes a Profitable Cryptocurrency?
- ZenCash Mining Hardware
- GeForce GTX 1080ti
- GeForce GTX 1080
- GeForce GTX 1070
- Generating Passive Income with ZenCash Mining
- ZenCash Mining Rigs