Mining Zcash

[tf2addict]

Some incredible mining profit spikes on Zcash since last night but they only last a few minutes.  My rig makes about $8-9 per day the last week mining ETH/DCR or Zcash and last night Zcash spiked to $11.50 for a few minutes.

I'm even mining it with my AMD cards.  I did not realize how little power 570s and 580s use to mine Zcash compared to ETH and ETH/dual mining.  My 4 AMD cards are using almost 300W less when mining ZCash vs ETH/DCR!  That works out to about 75 cents per day saved on power and everything runs much cooler.  So now I am factoring that into my decisions about what to mine.

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[Kstin]

Dual mining is very energy-consuming

[rdluffy]

The most profitable coin to mine is one with lower difficulty

Every person change to Zcash and profitability will go down

[Vann]

Double check your figures at the wall. There is no way mining ZEC with RX 570/580's uses 75 W less per card than dual mining ETH+DCR using the same undervolt settings. Mining Monero, maybe. I'm actually getting almost the same power usage as dual mining since ZEC uses a much higher core clock than mining ETH.

[bearsworth]

Double check your figures at the wall. There is no way mining ZEC with RX 570/580's uses 75 W less per card than dual mining ETH+DCR using the same undervolt settings. Mining Monero, maybe. I'm actually getting almost the same power usage as dual mining since ZEC uses a much higher core clock than mining ETH.

I find monero to be a better coin for AMD especially with the cheap 570s.

[bouldou]

Interesting : I'm also considering switching to Zcash mining... I did not think about the electricity cost, but it makes it even more interesting

Thanks for the feedback

[namjey]

If the electric cost is not a problem like me, i think dual is still best mining option for many cards

[fanatic26]

After the difficulty bomb last week ZEC has been a good 30% more profitable than ETH to mine.

This only matters if you are immediately selling the coins. For some reason people think that if they mine the coin while its most profitable they make more. This is absolutely not the case is the only number that matters is the price when you convert it to something else.

Then, of course, there are the people that just throw their money away using nicehash because they are too lazy to convert it for themselves.

[pfft]

After the difficulty bomb last week ZEC has been a good 30% more profitable than ETH to mine.

This only matters if you are immediately selling the coins. For some reason people think that if they mine the coin while its most profitable they make more. This is absolutely not the case is the only number that matters is the price when you convert it to something else.

Then, of course, there are the people that just throw their money away using nicehash because they are too lazy to convert it for themselves.

Where we can convert the coin ?

[Gambler_btc]

After the difficulty bomb last week ZEC has been a good 30% more profitable than ETH to mine.

This only matters if you are immediately selling the coins. For some reason people think that if they mine the coin while its most profitable they make more. This is absolutely not the case is the only number that matters is the price when you convert it to something else.

Then, of course, there are the people that just throw their money away using nicehash because they are too lazy to convert it for themselves.

Same for me, been mining zcash for months.

[QuintLeo]

Double check your figures at the wall. There is no way mining ZEC with RX 570/580's uses 75 W less per card than dual mining ETH+DCR using the same undervolt settings. Mining Monero, maybe. I'm actually getting almost the same power usage as dual mining since ZEC uses a much higher core clock than mining ETH.

 Not per card, but on an entire 4 card rig it seems LIKELY as that would only be a bit over 10% of TDP per card.

Dual mining DOES eat noticeably more power, as it is designed to stress more of the card than single-algo mining does.


 Nicehash isn't always "throwing your money away" - sometimes it's MORE profitable due to how their market works.

[leonix007]

Then, of course, there are the people that just throw their money away using nicehash because they are too lazy to convert it for themselves.

I did simulations on this pools, using nicehash pool directly converted to BTC payments and ethermine pool which is transferred to exchange wallets then convert them to BTC in mining ETH, only to find out minimal differences and sometimes the same profits, In my case I need to cash out payments to pay out costs so I don't basically wait for a longer time hoping for coins spike price.

[boo50]

The most profitable coin to mine is one with lower difficulty

that's true.
best strategy in to find promising coin with low diff, mine good amount of coins and wait for a good price.

[shibob]

The most profitable coin to mine is one with lower difficulty

that's true.
best strategy in to find promising coin with low diff, mine good amount of coins and wait for a good price.

Yeah I'm moving to mine some new coins. The difficulty of ZEC is almost double.

[crazydane]

Yeah, switch to ZEN. 

[Bitcollector]

Yeah, switch to ZEN. 

ZEN is more profitable?

[QuintLeo]

ZEN is sometimes a little more profitable than ZEC - used the same mining software, just change the pool you point at and the payout address.

 It's similar to the ETH / ETC divide - same algorithm, different blockchains.

[jmigdlc99]

Before everyone else switches to zcash, you would only really have made much money in the Zcash spike if you had previously been mining zcash then sold your bag while it was at the top. Zcash value is back to the 300$ and while it is still good, is different from the opportunity we had a day before this post. Benchmark your rigs and calculate profit with electricity consumption of zcash before switching. Good luck miners.

[car1999]

I"ve switched my 2 gtx1060*9 rigs from ETH to zcash, I use miningpoolhub to auto exchange zcash to bitcoin.

[toptek]

Some incredible mining profit spikes on Zcash since last night but they only last a few minutes.  My rig makes about $8-9 per day the last week mining ETH/DCR or Zcash and last night Zcash spiked to $11.50 for a few minutes.

I'm even mining it with my AMD cards.  I did not realize how little power 570s and 580s use to mine Zcash compared to ETH and ETH/dual mining.  My 4 AMD cards are using almost 300W less when mining ZCash vs ETH/DCR!  That works out to about 75 cents per day saved on power and everything runs much cooler.  So now I am factoring that into my decisions about what to mine.

yup indeed but for how long ...

 i have all ways mined Zec no matter what, sense it came out last OCt 2016 live . and it has lasted, I'm impressed, I like the idea, i guess, is why and like it more then ETH ...