ZCASH MINER INTRODUCTION
ZCASH MINER: Zcash or ZEC is a new CryptoCurrency set to launch on October 28, 2016. Zcash uses zero-knowledge Succinct Non-interactive ARgument of Knowledge aka zk-SNARK to provide private transactions that encrypts sending address, receiving address and amount data of a transaction. Zcash defines two type of addresses, namely t-address & z-address for transactions. t-address is transparent or public like a bitcoin address and z-address is a private one, which provides the privacy Zcash offers. Zcash employs Equihash as its mining algorithm. There will be total 21 million ZEC mined. Average time to mine a Zcash block is 2.5 minutes. Amount of ZEC created per block will halven in every four year. For first four year, 12.5 ZEC will be created per block and 20% of that will go to the founders as Founder’s Reward. For first 20000 blocks, Zcash will go through a phase called Slow Start Mining. In Slow Start Mining period, ZEC mined per block will be (blockNumber * 12.5 / 20000).
At Zcash Miner they have deployed high end CPU & GPU miners for Equihash mining. There contracts begin as soon as Slow Start Mining ends on December 1, 2016 and lasts for one year. For early customers, they are providing Free Zcash Mining opportunity for Slow Start Mining period, i.e. October 28, 2016 to November 30, 2016. Each contract will receive daily payment and will be able to withdraw to their own Zcash address every week. Minimum purchase is 10 hash/s and cost of new hash power is 0.05 BTC/hash/s.