⭐ Features Vera Thornpike

How to Mine ZCash in 2018- ZEC Mining For Beginners

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A definitive guide to mining Zcash in different ways
How to Mine ZCash in 2018- ZEC Mining For Beginners

How to mine Zcash in the most efficient ways? Let’s observe all possible ways to earn this cryptocurrency, how to assemble mining hardware, and which mining pools are better for this goal.

Today, mining seems to be an obsessional trend– more than 500 mln people are involved in the cryptocurrency industry, and this number is growing at a significant rate. Today, Bitcoin and Ethereum are impossible to mine even in pools– the creation of blocks requires an unbearably enormous amount of effort and time, and users have to face a stiff competition. Typically, the amount of investment in hardware and electricity exceeds the rewards. Therefore, it’s time to tap into untouched markets, and one of the smartest decisions you can take is to mine Zcash.

Let’s find out how Zcash mining works, and why this cryptocurrency is worth your attention.

What is Zcash?

Before we plow forward, you need to know some basic information about this cryptocurrency. Zcash originates from Bitcoin but differs by added anonymity. While transactions made in Bitcoin are totally transparent (you can see the addresses and their balance), Zcash does not reveal the balance of a wallet.

What is Zcash?

Desc: Dan Morehead on the power of Zcash

Alt: Why Zcash is more advanced than Bitcoin

At the moment, Zcash is the 17th cryptocurrency in terms of market cap ($500 mln) and has a high daily turnover of $60 mln a day. Since the size and load of this coin are far from ETH and BTC chains, mining Zcash is still profitable. Generally, this is a promising and powerful currency with a lot of potentials.

Why Zcash?

Is Zcash worth mining? The answer is a resounding ‘Yes!’, and here’s why:

  1. Mining this coin you can cover the expenses of a GPU and all other mining hardware. This cryptocurrency still allows getting a decent reward for performing calculations.

  2. Since Zcash can be easily traded for BTC, it may also help you to build up a well-established position in Bitcoin. Alternatively, you can quickly transform BTC into cash.

  3. Although Zcash is highly volatile (this is why it’s praised by crypto traders), it shows a stable growth.

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Prepare for mining

If you think that ZEC mining doesn’t require any efforts and investments, you’re wrong. It does not work like charm: your success depends on the quality of hardware you use and software installed above. There’s a wide scope of electronics you will need, including:

  • A personal computer with Windows or Linux OS.

  • GPU unit(s) for boosting the power of mining, OR

  • ASIC Miner– a special piece of hardware designed particularly for mining

  • A cooling system with fans

  • A frame for assembling a Z cash mining rig

  • Zcash wallet for mining (can be registered on https://z.cash/). Alternatively, you can register a wallet in some of popular crypto wallet services.

In order to find the most optimal GPU for mining ZEC, you will need to make a few calculations and check out which hardware variants are the most profitable. The card should have at least one GB of RAM for proper mining. We strongly recommend considering these models:

 

Radeon RX Vega series

Nvidia GTX 1070

Nvidia GTX 1080

Power consumption

150-250 Watt

150-225 Watt

180-210 Watt

Hash rate

30-45 Mh/s

25-32 Mh/s

510-620 H/s

VRAM

8 Gb HBM2

8GB GDDR5

8GB GDDR5

Also, don’t forget to check the price of units and keep in mind that you should add the electricity bill to your budget calculations.

In fact, if you want to get maximum of mining, you should consider getting an ASIC Miner. This is a small piece of hardware that can boost the efficiency of mining several times. Today, the most advanced miners use such devices. However, be prepared to pay from a few hundred to a few thousand bucks for such solution.

Now when the stage is set and you have assembled a mining rig, it’s time to turn into a professional Zcash miner.

Consider a hardware wallet

If you don’t trust virtual wallet systems, you can buy a hardware wallet, such as Trezor, Jaxx, or Ledger Nano S. In this case, you will mine ZEC right to the hardware wallet, and the assets will be properly protected by the private key that only owner knows. It’s a smart investment in your financial security.

Consider a hardware wallet

Desc: Trezor hardware wallet for cold storage of cryptocurrency

Alt: Trezor hardware wallet

Is mining solo justified?

How to mine Zcash on your own? You will need to invest heavily in advanced hardware: a cell phone, laptop or an old video card will not bring you any profit. As soon as you buy all the necessary devices, you will need the drivers for them. You can get them on amd.com → Support & Drivers section. Enter your GPU details, and you will be offered suitable options:

Is mining solo justified?

Desc: How to choose a suitable driver for your GPU on amd.com

Alt: Download a drive from amd.com

If you have a Nvidia GPU, you can obtain a driver from this website: https://www.geforce.com/drivers. Download the driver and install it on your PC as you would normally do, then reboot. As soon as you do it, your GPUs will be recognized. No warning marks should be displayed in the Device Manager.

Now you need to download and install mining software, such as EWBF Miner. Find its latest version and download the ZIP file. Extract it to your desktop to start work. Before you rush to mine Zcash, Windows settings should be properly adjusted, too. First, turn off the automatic Sleep Mode. Modify your system page file by setting 16 Gb. To boost the efficiency of Zcash mining Windows updates should be deactivated. If you have an antivirus program, add an exclusion for EWBF Miner not to be blocked.

Now you just need to open the program, specify your wallet address and launch the process. Remember that solo Zcash CPU mining isn’t so much widespread – most often, it’s just inefficient and doesn’t bring profit. Therefore, you need a better alternative.

Zcash mining pool

Wonder how to mine ZEC more efficiently? Unite your forces with other miners. You can easily find a team of Z cash enthusiasts in some mining pool. In this case, all participants of the team contribute their computing resources, and the reward is distributed according to the volume of contribution. It’s a pretty fair approach.

Choosing a mining pool can be quite challenging: you will need a platform that guarantees fair and timely payments as well as a reliable partnership with other miners. Prefer well-established large websites and read user reviews about them. The most recommendable mining pools are:

  • FlyPool,

  • NanoPool,

  • MiningPoolHub,

  • SuprNova.

The biggest mining pools are similar in their features. They offer anonymous mining, PPLNS payment systems, and servers located in major geographical regions. Most of them charge 1% fee. While MiningPoolHub has the most agreeable fee, Nanopool is superior in terms of geographical server coverage.

There are some other interesting mining pools. 2Miners, for example, offers a solo mining option. It also provides monitoring bots and notifications for better performance, and its servers feature DDoS protection.

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Cloud mining

Not ready to make huge investments in hardware and software? Then you should consider cloud mining. In this case, you lease the mining facilities from a cloud provider and pay some certain fee from your rewards. Please note that rewards can be pretty high, so it’s better to sign a long-term contract: large service providers usually offer a lower fee, if you order their servers for at least 6-24 months.

For cloud mining, consider such websites as NiceHash and Best Cloud Mining. There are many services available, and you should always pay attention to their fees, contract duration, and warranties, as well as customer reviews.

Cloud mining

Desc: Z cash cloud mining plans offered by Genesis

Alt: Cost of Z cash cloud mining

Bottom line

To start Zcash mine process, you need to make investments– it’s not such an easy path as it seems. If you want to make real money, prepare to buy costly GPU or an ASIC Miner that is 100,000 times more powerful than a CPU! Besides, it’s always better to mine in groups, so don’t hesitate to join miner teams in different mining pools– it can be a useful experience.

We hope this Zcash mining guide was helpful for you. Now you know what to start with, and which mistakes to avoid. Go ahead, and try your luck as a ZEC miner.

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⭐ Features Stavros Georgiadis

Tron Price Prediction 2019 – A Bottom at $0.0255 Has Formed. Will It Last in February?

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Tron (TRX) has a 1-year performance of about -34%, which is much better compared to the collapse of prices of other cryptocurrencies
Tron Price Prediction 2019 – A Bottom at $0.0255 Has Formed. Will It Last in February?

Tron Price Prediction 2019 – A Bottom at $0.0255 Has Formed. Will It Last in February?

Tron (TRX) has a 1-year performance of about -34%, which is much better compared to the collapse of prices of other cryptocurrencies. In fact, Tron has a year-to-date performance of +35.94%. In this article we will mention some Tron price prediction ranges from various sources, plus we will make our own Tron price prediction for February 2019 based on our technical analysis. Some key stats for Tron as of Feb. 2, 2019 are the following:

  • Price of Tron (TRX) is $0,026339
  • Market Cap: $1.755.963.777 USD, 503.847 BTC
  • Volume (24h): $200.614.221 USD, 57.563 BTC 
  • Circulating Supply: 66.666.917.581 TRX
  • Total Supply: 99.266.129.237 TRX
  • Rank 8 on CoinMarketCap based on top 100 cryptocurrencies by market capitalization

Tron price prediction February 2019 based on various sources

What are some Tron price prediction opinions?

  • WalletInvestor is pessimistic about the price of Tron in the long-term, but according to its forecast trend line the price of Tron may be above $0.030 in February 2019. It has a Tron price prediction for the next 14 days as $0.0331 USD to the upside and $0.0256 to the downside.
  • PrevisioniBitcoin is bullish on Tron, estimating that it will have a minimum price of $0.030 in February 2019.
  • CoinFan makes the following Tron price prediction range. A minimum price of $0.051126476 and a maximum price of $0.069171114. This seems to be a very optimistic price forecast as the minimum price is almost 96% above the current price of about $0.02633 as of February 2, 2019.
  • DigitalCoin only provides as a forecast the price of $0.03284536.
  • ExpressTricks has a Tron price prediction of $0.50 for February 2019, another very optimistic forecast.
  • CryptoGround is on the other side of forecasts, with a conservative Tron price prediction of $0.0270 for a time period of one month, a return of +1.79%.

Tron price prediction based on technical analysis

What does the weekly and daily chart for Tron tell us trying to make a forecast for February 2019? We will examine the two charts, trying to make an unbiased Tron price prediction for February 2019.

Tron price prediction based on weekly chart
Tron price prediction based on weekly chart
Tron price forecast based on daily chart
Tron price forecast based on daily chart

The two scenarios, the optimistic and the pessimistic ones, bullish and bearish for the price of Tron in February 2019 can provide some possible ranges.

Tron price February 2019 prediction bullish scenario

A very positive note is that both on the daily and weekly chart there is a trend shift from downward to upward. On the daily chart the price made a bottom around the level of $0.011, retested the low level of $0.012 and made a nice rally up to the level of $0.036 on January 10, 2019.

The price of $0.0257 as of Feb. 10, 2019 is above the 50-day and the 20-day exponential daily moving averages. The fact that both these moving averages are trending up is positive for the price of Tron. It means buying pressure. On the weekly chart the MACD indicator is trending up, and its histogram is positive, Momentum indicator is rising, and price is above the 50-period and 20-period exponential moving averages.

Switching back to the daily chart, the ADX/DMI indicator shows a strong trend and the +DI line is above the -DI line, with values of 25.41 and 20.20 respectively. A first target price is the upper daily Bollinger band at $0.029. Next potential targets would be the high prices of $0.0312 and the recent high price of $0.036.the 20-day exponential moving period with a value of $0.026, where current price of Tron is now, should provide a strong support.

Tron price prediction February 2019 bearish scenario

On the weekly chart the level of $0.0296 is a very strong resistance. Other strong levels od resistance are $0.0279, and $0.0288. On the daily chart the MACD indicator has made a bearish crossover, the Momentum indicator has lost its upward direction and now is pointing down, and there are strong levels of resistance at $0.0264, $0.027 and $0.0275. If the current uptrend is to pause and reverse, then possible targets are $0.0243, $0.0237 which coincides with the 50-day exponential moving average and then $0.022.

Traders should monitor the trendline that extends from the low price of $0.0127 on Jan.10, 2019 to the high price of $0.0263 as of Feb. 2, 2019. If this trendline does not hold as support, then lower prices are very likely.

For February 2019 we prefer the bullish scenario, as odds are for now in favor of it. As always it is not an investment recommendation, just an analysis and a forecast.

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⭐ Features Yuri Molchan

Is Tron Merely Another Pump and Dump Project? An Interview with Crypto Chico, ‘Truth Lover’ and ‘I-Dotter’ Regarding Crypto Projects

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Tyler Swope, also known as Crypto Chico, shares his personal vision of the Tron project on the particular case of the BTT ICO that happened on Binance the other day
Is Tron Merely Another Pump and Dump Project? An Interview with Crypto Chico, ‘Truth Lover’ and ‘I-Dotter’ Regarding Crypto Projects

On Wednesday, Jan. 30, Tyler Swope, nicknamed Crypto Chico, published a YouTube video claiming Tron and Binance plotted to grab some money by launching the BTT token on Binance Launchpad. U.Today prepared a news story, reporting this untypical point of view regarding Tron, Binance and their CEOs.

We have gotten in touch with Tyler Swope and asked him to clarify his position regarding Tron and their marketing strategy in particular.

‘I swear to tell truth, the whole truth and nothing but the truth’

U.Today: Why are there so many crypto communities on Twitter who have a negative opinion about you?

Tyler S.: They have negative opinions on me cause I tell the truth of what goes on in crypto, and the truth hurts the most.

‘Tron is nothing but a pump and dump scheme’

U.Today: Tron has been making a lot of progress recently, having taken on several big games, including TronGoo (formerly EtherGoo) and MMORPG KuaiXiYou. It has managed to advance from beyond the top-ten list of crypto assets inside it pretty quickly, raising its market cap.

On dappradar.com many of the top ten dApps, those that show a great cash flow, are Tron-based, and none are powered by its rival Ethereum, for example.

Is Tron Merely Another Pump and Dump Project? An Interview with Crypto Chico, ‘Truth Lover’ and ‘I-Dotter’ Regarding Crypto Projects

Still, in the video about BitTorrent you poured some harsh criticism on Tron and Binance, along with their CEOs. What is the reason you are publicly criticizing those projects?

Tyler S.: Because it was an obvious pump and dump, marketing ploy and I would like the public to know this.

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‘Justin Sun is no relative of mine’

U.Today: How are you connected with the Telegram channel ‘TRON (TRX) Announcements’, which posted a link to your video and claims that they know what indeed is happening with Tron?

Tyler S.: I have no connection to them and never heard of them before in my life before 30 January 2019.

‘Crypto market is irrational’

U.Today: What do you think the future of Tron is, in light of your video regarding the BTT ICO? Does it have any chance of reaching the list of the top-four coins in 2019, as Justin Sun promised?

Tyler S.: No, I don't believe it does, but who knows, this market is irrational.

‘Deceptive marketing tactics’

U.Today:  How can Tron be so popular with the community and dApp developers if you claim that Tron’s code contains a great number of bugs?

Tyler S.: They used deceptive marketing tactics and any good developer is not building on Tron. I used open source tools SonarCloud and SonarQube, you can check for yourself.

image

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⭐ Features Darryn Pollock

Bitcoin Obituaries Keep Rising But Why Is Bitcoin Still Not Dead?

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Bitcoin has been pronounced dead multiple times in its 10-year life; its recent fall brought about another obituary, but why is it that Bitcoin is NOT dead?
Bitcoin Obituaries Keep Rising But Why Is Bitcoin Still Not Dead?

A popular site called 99Bitcoins keeps a close eye on the number of times that Bitcoin has been declared dead in the mainstream media. Currently, it has accrued 336 obituaries for the digital currency.

The latest drop in the price of Bitcoin, which took it from the mid-$6,000 mark down to near on $3,000, sparked fresh panic and capitulation as many believed that the cryptocurrency had had its last days.

There were concerns over its utility and usefulness, as well as the potential for a so-called death spiral in the mining of Bitcoin as many miners shut up shop. Yet, Bitcoin continues to exist, and at time of writing, has bounced back to over $4,000.

So what is it that is keeping Bitcoin alive? It has no CEO, no company headquarters, and because of its decentralised nature, has no one to drive it to keep it alive; it relies solely on those who are interested in it.

The underlying blockchain

Bitcoin, or cryptocurrencies in general, have a very special relationship to their underlying technology, blockchain. They are of course dependent on each other to operate, but they also move independently of each other in many respects.

Blockchain is advancing in a very different path to that of Bitcoin, but it was Bitcoin’s initial explosion in the mainstream financial space that made people take blockchain seriously.

Now that the cryptocurrency bubble has essentially burst, there is a lot less hype and interest in it. However, blockchain, the technology behind it all, is getting a chance to come out and shine for its technological reasons alone.

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For this reason, Bitcoin is still very much relevant. Blockchain progression is building steadily, and solidly, and because of its adoption across all centres, people still appreciate the usefulness of a digital token.

Bitcoin, as the major digital token that encapsulates all the main points of cryptocurrency and blockchain — such as decentralisation and transparency, and of course distribution — is the epitome of a functioning token economy.

Manageable mining

Another reason why Bitcoin hasn’t totally capitulated is because of its built in mining difficulty adjustment. Many people feared that Bitcoin could go under if the miners, an important part of any proof-of-work cryptocurrency, decided to abandon Bitcoin because of the increased difficulty and the loss of profitability.

Indeed, when the price dropped significantly in November, many miners did shut down and the hash rate also fell. But, because Bitcoin has a built in adjustment, the lower hash rate caused the mining difficulty to increase, and thus caused profitability to increase again, enticing miners back.

With more miners mining, there was increased health and activity on the blockchain, which leads to better interest and investment in the markets. This, in turn and in a compound way, then helps boost the price and drive more miners back in, again increasing profit and price.

Shedding the speculators

There is also a big difference between a burst speculative bubble and the death of a market. Some markets can be destroyed by the bubble pop, but in the case of Bitcoin, it is mirroring the dot com bubble because it has a similar nature.

With its underlying blockchain equitable to the internet, and the ICO hype and other factors equitable to Dot Com companies, one can see that this type of burst bubble is a chance for Bitcoin to shed its foolish speculative investors, and allow for those who are serious and successful to rebuild the market based on the important technology underneath.

Bitcoin will continue to be called dead, and erroneously so because it has only hit the mainstream in the last 18 months or so.

However, if one is to zoom out a bit, one would see that an investor who bought Bitcoin two years ago rather than, say, one year ago, would still be over 300 percent up on their investment.

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⭐ Features Guest Author

GameCredits Bittrex Review: The Detailed Guide for Beginners

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GameCredits (GAME) is an in-game payment platform that is poised to become a major disruptor in the multibillion-dollar gaming industry
GameCredits Bittrex Review: The Detailed Guide for Beginners

GAME (a.k.a. GameCredits) is an innovative cryptocurrency that has been very popular within the international gaming community. Thanks to the recent strategic partnerships with Microsoft and Xsolla, the team behind GAME crypto managed to achieve the incredible leap in promotion of this cryptocurrency.

Why should you exchange GameCredits on Bittrex?

There are so many exchange services out there. Why should you use the services of Bittrex in order to exchange or trade your GAME coins? The main advantage for beginners — Bittrex has never been hacked unlike other large platforms. Since 2017 all user accounts of this U.S. exchange service are solidly protected.

Also, this project implements the multi-level wallets strategy. About 90% of customer funds are stored offline. 2-factor authorization is offered for users (in particular, for withdrawal of their funds from wallets). If it is not activated, the exchange sets certain limits on withdrawals.

Features of Bittrex for GAME users

Bittrex offers a modern trading platform that is always accessible offline. If you type GAME in the search field on the main page, you will instantly see the chart with prices changing in real time. For example, currently (5th December 2018) you may see that the price of 1 GAME in the pair USD/GAME on Bittrex is $0.07.

Below the chart is a window with platform’s apps. The platform is designed for both beginners and experienced traders. You may check the possibility of a thorough technical analysis of any assets using technical indicators is implemented.

By default, an algorithm for calculating volumes is set straight on the chart of GAME/USD and GAME/BTC. The site features 450 currency pairs traded with Bitcoin. There are quite good trading opportunities with both BTC and ETH for GAME owners.

However, Bittrex does not have currency pairs with fiat money. Buying Bitcoin, Ethereum or Tether is possible by bank transfer. In order to use this service, you must pass the account verification. Traders have the opportunity to open different types of orders.

For example, they can buy GAME and other available assets at the market price or choose pending orders for the purchase of a particular cryptocurrency at the desired value. The only drawback - Bittrex does not offer any margin trading.

Deposit and withdrawal of GAME funds of the Bittrex exchange provides wide opportunities for those who want to replenish their account and withdraw money from it with GAME cryptocurrency. Two stages of verification actually mean that the base level is the inclusion of 2FA and filling in the "About me" fields. To withdraw more money (more than 4 BTC), full verification is required.

Currently, there are two types of accounts on Bittrex:

  • Basic. Users provide name, address of residence, indicate the date of birth. This data is verified through open sources (social networks, for example). However, if security officers of the company fail to verify the information, more detailed verification will already be required with the participation of the user;

  • Advanced. To open such accounts, the user must provide scanned copies of identification documents along with a selfie attached;

How to buy and sell GAME on Bittrex?

According to almost any user’s review of GameCredits on Bittrex, the website offers the opportunity to trade market and limit orders. The first allows you to buy a cryptocurrency at the current price at which it is offered on the market.

Let’s suppose, GAME coin is worth $1. A user wants to buy it and is ready to pay that price. In this case, he chooses a market order, enters the volume of the transaction and presses the “Buy” button. If the user already has bitcoins and he wants to sell them, at the same time, the current price on the market fully suits him, this can also be done by placing a market order, only for sale.

Fees for services here are considered average for the global market. Bittrex charges 0.25% commission for all transactions. At the same time, payments from traders can be reduced depending on the time of the user’s trading status.

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⭐ Features Joseph Young

Gov’t of India Reportedly Plans to Regulate Crypto, What’s the Motive?

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The government of India is exploring the possibility of legalizing crypto and regulating exchanges
Gov’t of India Reportedly Plans to Regulate Crypto, What’s the Motive?

Several local publications have reported that the government of India is exploring the possibility of regulating crypto.

At an official government meeting hosted by the interdisciplinary committee, a task force led by members of the Ministry of Economics and information Technology and the Ministry of Home Affairs, the committee ruled in favor of regulating cryptocurrencies with strict policies.

Sudden Change in Stance Toward Crypto

In April, the Reserve Bank of India (RBI) imposed a blanket ban on cryptocurrency trading, prohibiting the country’s financial institutions from dealing with cryptocurrency-related businesses.

The unexpected ban on cryptocurrency exchanges implemented by the country’s central bank effectively disallowed trading platforms from obtaining banking services from local financial institutions.

Several exchanges tried to pivot to cryptocurrency-to-cryptocurrency trading but with the dominance of Binance, OKEx, Huobi, and other crypto-only exchanges, local digital asset trading platforms failed to compete and shut down their businesses.

At the time, the RBI threatened to end its relationship with any local bank that deals with digital asset exchanges. A circular released by the central bank read:

“In view of the associated risks, it has been decided that, with immediate effect, entities regulated by RBI shall not deal with or provide services to any individual or business entities dealing with or settling VCs (virtual currencies). Regulated entities which already provide such services shall exit the relationship within a specified time.”

In July, industry leaders, associations, and companies challenged the controversial decision of the RBI by filing a complaint with the Supreme Court of India. Within several months after the filing, the court ruled in favor of the RBI, allowing the central bank to impose a ban on cryptocurrency trading.

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However, on December 26, a senior government official told The New Indian Express in an interview that the government believes cryptocurrencies cannot be dismissed as illegal currencies and the asset class has to be regulated with strict policies.

“We have already had two meetings. There is a general consensus that cryptocurrency cannot be dismissed as completely illegal. It needs to be legalised with strong riders. Deliberations are on. We will have more clarity soon,” the official said.

The change in the stance toward cryptocurrencies from the government of India likely comes from its acknowledgement of the risk in unregulated cryptocurrency trading. By placing a ban on digital asset exchanges, it forced investors out of a self-regulated market to unregulated peer-to-peer and over-the-counter markets that are difficult to regulate and monitor.

If the intent of the government is to prevent money laundering through the usage of cryptocurrencies, a more effective way of doing so is to allow cryptocurrency trading on exchanges with strict Know Your Customer (KYC) and Anti-Money Laundering (AML) systems in place.

When Could It Take Place?

Many reports were released in the past anticipating the legalization of cryptocurrencies by the government of India. Yet, the government showed no signs of regulating the asset class in the past 12 months.

With the G20 agreeing to regulate cryptocurrencies to crack down on money laundering, India, which is a part of the G20, could follow the global trend of regulating the asset class.

Given the history of India in the cryptocurrency sector, it may take several months to potentially years before cryptocurrency trading is revitalized and completely legalized with stable banking services provided by local financial institutions.

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