What are /r/zec's favorite Products & Services?

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And I just noticed that ZEC has no buy or sell activity on Bittrex right now. No orders whatsoever. I've never seen that. Anyone know what gives?? The Bittrex volume is listed as $900K vs. $3.0M on Poloniex:

https://coinmarketcap.com/currencies/zcash/#markets

Poloniex seems to have either no support or very limited support personnel. At the same time, plenty of others have criticised Kraken for slow down of the service or crash of it. https://steemit.com/cryptocurrency/@edje/why-poloniex-kraken-crashed-yesterday-coins-crashed-at-the-same-time

I believe the rule is use exchange and pull out the fund asap, some coins transfer fee is just too high to move around now.

>My concern (and it's not very educated so please correct me or help me understand) is that the hash rate seems lower than a lot of other Inferior projects and coins,

I think you are misunderstanding hashrate a little.

Many different coins measure hashrate differently because they have different mining algorithms. For example Bitcoin uses SHA-256, Ethereum uses Dagger Hashimoto, and Zcash uses Equihash.

Hardware that mines Bitcoin is measured in "hash" Where Hardware that mines Zcash is measured in Solutions per Second (Sols/s) . Hardware that can mine Bitcoin cannot mine Zcash and vise versa. So to compare a coins hashrate that is a completely different algo is like comparing an apples and oranges.

If you want to compare Zcashs hashrate "security" then you need to compare it to other coins that use the Equihash algorithm.

What you will find is that Zcash has by far the highest hashrate of any Equihash coin, and is thereby the most secure of them. https://www.coinlore.com/coins/equihash

https://jaxx.io/features.html

"Jaxx never holds or has access to your funds - they remain securely in your control on their respective blockchains. This means that if you back-up your Masterseed you will be easily able to recover your wallets if you lose access to the device they were on."

Yes that's USD. Electricity here is expensive .26 cents per KW/h, put in your amount wherever you live. Now that I am looking at the numbers, if I use the SAME 8 x 1070 rig and mine Ether instead of ZEC, I am getting a bigger gain per month: $1123.18 ( compared to mining ZEC - $958.59) https://www.cryptocompare.com/mining/calculator/eth?HashingPower=248&HashingUnit=MH%2Fs&PowerConsumption=1088&CostPerkWh=.26

With 8 1070's for me in Tokyo its this: ($958.59) https://www.cryptocompare.com/mining/calculator/zec?HashingPower=3065&HashingUnit=H%2Fs&PowerConsumption=900&CostPerkWh=0.26

for 8 1080ti's its this: ($1684.81 per month) https://www.cryptocompare.com/mining/calculator/zec?HashingPower=5600&HashingUnit=H%2Fs&PowerConsumption=2000&CostPerkWh=0.26

UPDATE

I exported my ZEC private key from my Ledger using this site with my Ledger 24 word recovery phrase:

https://coinomi.com/recovery-phrase-tool.html

From there I took my ZEC private key, and downloaded Exodus wallet. I opened Exodus wallet in "Developer Mode", and then imported my ZEC private key. It worked without any issues for me, and now I've got my funds to pay my electric bill this month. :)

Just to be safe, now that I imported my private keys into an online website, I am going to reset my Ledger back to factory defaults and create new private keys.

Hopefully other folks stuck with Ledger's have the same success that I did.

> You are correct. I posted about this a few weeks ago on my Twitter here: https://twitter.com/TommyEconomics/status/793431710629105664 (And just for reference, those millions of dollars spent buying zcash are now worth 5% of what they were 3 weeks ago).

Nobody "spent a few million dollars buying Zcash" just to hodl it and lose 90-95% of it weeks later. On Oct 31 (two days post launch) there were just a few dozen ZEC available on Polo. The high trading volume was because of the same few coins traded back and forth hundreds of times within a day. Bots going crazy. Nobody lost "millions of USD".

I would also suggest to look at the market cap plot of ZEC. It is fairly constant since Nov 1. This is what people consider when evaluating the value of a share of a company or blockchain. With this the timely evolution of the token price over the issuance ramp makes perfect sense.

For transparency reasons, it should be mentioned that the parent company of Private Internet Access, called London Trust Media, is one of the investors of the original Zcash company and a Founders Reward recipient.

So while it’s definitely appreciated that they accept ZEC as a payment (thank you!), they are obviously invested in it and are not just doing it from the kindness of their hearts :)

I ran into this being in WA and needing to cash out ZEC on the last bubble.

Any free VPN where you can choose your location (You don't want WA or NY servers) will work, but the easiest thing I found in a pinch was TunnelBear.

They give a free 500MB a month, plenty to get all your things in order, turn on the VPN, go to , make your transfer, and turn the VPN off.

Just don't waste your bandwidth while doing the transfer (streaming music, watching YouTube, etc.) and you can use it for free for the foreseeable future.

Please educate yourself.

Zcash is fungible since all mined coins need to go through a z address, here is an example of this happening on Antpool wallet:

https://blockchair.com/zcash/transaction/caee9a6ea1931b57bae939347d6cc3e5855d45b6bec2a072e299b9d6e4bc8e3a

All it takes is a quick google instead of falling for propaganda like a sheep.

That's odd. It's up right now and it's value is 249% of a dollar so I would say it's doing far better than the currencies of all nations on earth. I would say that's fairly strong.

https://coinmarketcap.com/currencies/zcash/

It's a prestigious law firm penning a research piece specifically aimed at the compliance of privacy coins like Monero and Zcash within the existing regulatory framework.

Monero is available for trading on variety of platforms including Kraken which is a major exchange based in the US. Their on-boarding process is similar to that of Coinbase. Kraken was granted a banking charter is the US state of Wyoming, so they'll soon be offering a greater array of services as well.

You would make $70K+ per day ($25M/year). Use the Zcash mining calculator to try this out.

The particular hash algorithm is critical to this though. My GPU hashes 30MH/s for ETH, but is worthless at mining ZEC. The most effective ZEC (equihash) miner only mines 440KH/s. No machine or card exists that can even hash 1MH/s, AFAIK.

>I don’t really bother with Monero because there’s no point in buying a cryptocurrency if I can’t sell it for fiat at major exchanges such as coinbase.

Monero is available for trading on variety of platforms including Kraken which is a "major exchange." Their on-boarding process is similar to that of Coinbase.

> Is it like stupidly slow?

Probably. CPU mining isn't really profitable these days for most processors out there. You can look at the "Calculator" tab under your miner's page on Nanopool to see the estimated earnings, or try some other online calculator such as this one to check how you're doing.

Hi there! We are not a scam 😄 You can always read other customers' reviews about us on Trustpilot: https://www.trustpilot.com/review/simpleswap.io or try to swap a very small amount of coins to check us 🙌

There's this guide:

https://blockoperations.com/zcash-miner-ubuntu-linux-16-04-optiminer-1-5-amd-gpus/

But it's for an AMD card, with an Nvidia card you need CUDA drivers and EWBF miner.

EDIT: This is for a 1070 but should work for a 1080, also Zencash is essentially Zcash as far as mining is concerned

https://steemit.com/zencash/@masterdubs/mining-zencash-with-ubuntu-linux-and-gtx-1070

Let me know if it works for you

Hello there u/muvnonup18. Everything regarding acquiring YCash is listed here. https://guarda.co/blog/ycash-wallet/ Just choose a scenario that suits you and follow the steps. Thank you for using Guarda Wallets!

Sweet. Maybe you know, but what causes me to make less than what my hashrate says I should according to a calculator? Like this one: https://www.cryptocompare.com/mining/calculator/zec?HashingPower=1100&HashingUnit=H%2Fs&PowerConsumption=0&CostPerkWh=0.12

According to that calculator, with 1100 sol/s, I should mine 0.02721 ZEC per day. According to my nanopool stats, my 6 hour average has been steady at 1140-1150. Yet nanopool's projections show me as mining 0.022 ZEC per day. That's 0.005 difference, which adds up to $1.42 less per day! Is one of the calculators just off? Does it come down to luck? Are the stats on the website wrong?

Can anyone shed any light on this?

Acording to a calculator $7.77, I think my hashrate bounces around alot so it tends to be a little higher than that, my 980TI averages at around 450 Sol/s.

I have an EVGA Hybrid 980TI so it could be different to yours in terms clock speeds, but if you ran your rig you could make upto $9.50 a day, I've been estimating my wattage so i'm not too sure for watt/sol ratio

https://www.cryptocompare.com/mining/calculator/zec?HashingPower=900&HashingUnit=H%2Fs&PowerConsumption=230&CostPerkWh=0.1

Note that I'm not mining myself. I am buying the hashpower from nicehash. It is the nicehash.com proxy that refuses to connect to zec-us1.dwarfpool.com: 3333-7

https://www.nicehash.com/index.jsp?p=managepools

Looks like about 410-450 for a normal 1070, you may need to move up to 1080 to get over 700. I haven't seen anyone claim to get 700+ with any 1070.

Actually I couldn't find any info about a 1070 Ti (not sure if there is such a thing), only 1080 Ti founders.

Also keep in mind when looking for any cards performance with Zcash (Equihash Algo) the main limiting performance factor is memory bandwidth

https://www.nicehash.com/?p=calc http://zcashbenchmarks.byethost16.com/?i=2

The easiest way to do it, is to register and try placing a new order - you don't have to confirm it and you don't have to have any balance on your account to try it. Everything is calculated real time and you can see how much speed you can get for what price. You can see then for example, if you would invest 0.01 BTC (minimum order price) and limit hashing power to 2kSol/s (minimum speed for Equihash) for price 0.0028 BTC/kSol/day (suggested bid - you can always go lower or try fixed order), you would be able to mine for 1d 18h 51m.

Or if you would limit mining to 3.6 kSol/s you would mine around 24hours.

Or if you would limit the mining to 20 kSol/s, you would mine for 4h 17m.

Or if you would limit the mining to 100 kSol/s, you would mine for 51m.

Note that in all these cases I presented you would spent 0.01 BTC. If your amount to pay is bigger, you can increase your speed or the time of mining is increased.

Here is also a more informative page on cloud mining Zcash: https://www.nicehash.com/?p=buy-zcash-mining

I hope I explained it well... If I didn't, you can always ask for more info. If you are interested in buying hashing power and would like to better understand NiceHash marketplace, you can also go through this guide: https://www.cryptocompare.com/mining/guides/how-to-mine-cryptocurrencies-without-a-mining-rig/

Don't use Changelly. They hold your coins ransom and demand KYC.

Bisq is definitely the most anonymous (and decentralized) way to trade Zcash, but you have to set up an order.

We're hosting the first live talk, 'How to win the SNARK Challenge', TODAY @ 3pm PST. Our CTO, Izaak Meckler will go over an intro to Coda, what are SNARKs and why are they important, and take your questions.

Registrations are open. We'll also share a link of the recording in case that time doesn't work for you. Come learn how to implement a screaming-fast SNARK prover!

https://zoom.us/meeting/register/84ac4524d5390399c5b9141539e44ee6

For me it's Crypton from Utopia P2P. I was especially surprised when it gained +50% to its value during 24 hours on inner decentralized exchange. It's a great addition that it can be mined in a green manner.

I'm still wondering why Crypton isn't added to the list of private coins till now.. Sure, it's not very valuable now and is still in process of listing on more popular trading platforms, but.. Privacy coin is a trend now and there are not many on the whole.

As coming from another NY resident, I usually buy on Bitcoin on GDAX or their market site Coinbase. I convert to Zcash on ShapeShift using a VPN; like Private Internet Access. Changelly is decent but I believe it takes more in fees compared to ShapeShift.

Well I am in the same boat, I have 8 RX 580 and I am planning to run the following PSU's. Will this work? I am getting a little nervous that I may not have enough power between the two. 1. Silverstone Tek 1500W ATX12V/EPS12V SLI Ready CrossFire Ready 80 PLUS Silver Certified Modular Active PFC Power Supply (ST1500) https://www.amazon.com/gp/product/B002BH3Z84/ref=oh_aui_detailpage_o00_s00?ie=UTF8&psc=1

and

1. EVGA SuperNOVA 1000 G2 80+ GOLD, 1000W Fully Modular NVIDIA SLI and Crossfire Ready 10 Year Warranty Power Supply 120-G2-1000-XR https://www.amazon.com/gp/product/B00CGYCNG2/ref=oh_aui_detailpage_o00_s00?ie=UTF8&psc=1

Would anyone know if this will be able to handle my 8 rx 580 cards?

Hey man, I guess you are looking for a 300 watts for not paying the big bucks eh? :/. So here are my two cheap recommendations under 70$:

1.https://www.amazon.com/dp/B00H33SFJU/ref=twister_B00NCZND2C?_encoding=UTF8&th=1 2.http://www.parallelminer.com/product/hp-750-watt-power-supply-kit-for-gpu-mining-platinum-94-zec-dash-eth/

Option 1 is a common computer PSU which would be able to run your card for a big 40$. Option 2 is less common but amazing for mining, It's a 750w Platinium power supply from hp, really cheap for the power and modular up to a couple GPUs!

Would this work. That board is expensive in Canada. https://www.amazon.ca/GIGABYTE-GA-B250M-D3H-LGA1151-Intel-Micro/dp/B01N22TQ3D/ref=sr_1_11?s=pc&rps=1&ie=UTF8&qid=1498668215&sr=1-11&keywords=B250 I am only running an i3-6100 with 8gb ram. My next build is going to be a much better ryzen 5 1600, so I don't want to spend more than I have t.

There are a bunch of switches setup in different miners to see this. If you want to see exactly how much you're pulling from the wall socket, get you a wattage meter.

I use this one: https://www.amazon.com/P3-P4400-Electricity-Usage-Monitor/dp/B00009MDBU/ref=sr_1_1?ie=UTF8&qid=1498554792&sr=8-1&keywords=kill-a-watt

Gives you a bunch more data that the switches in the miners don't give, like Kw/h, amps, etc. The amps is good information so if you run multiple rigs you can calculate if you are pushing the amps of your circuit breaker switch or not.

Works great with no issues and it was cheap.

https://www.amazon.com/gp/product/B071DKXK68/ref=oh_aui_detailpage_o01_s00?ie=UTF8&psc=1

Make sure you get the 6 pin power connectors, I have them plugged straight into my PSU. The molex ones are shit, avoid them at all costs.