Buy ZenCash ZEN Mining Contract

• • • • Flair Filters • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • * • • More links • • • • • • • • • Mod News: Limit of two posts per cryptocurrency on the front page. Check out the latest. Welcome Welcome to. This subreddit is intended for open discussions on all subjects related to emerging crypto-currencies and crypto-assets. Please make quality contributions and follow the for posting. Rules • Obey the Golden Rule & Maintain Decorum • Lead by example and treat others as you would wish yourself to be treated. • No Trolling. Do not make random unsolicited and/or controversial comments with the intent of baiting or provoking unsuspecting readers to engage in hostile arguments.

Trolling, in all its forms, will lead to a suspension or permanent ban. Do not waste people's time. It's the most valuable resource we have. • See our wiki page for more details about this rule. • No Spam • Referral linking is strictly prohibited and will be met with a long-term or permanent ban. • No excessive advertising, URL shorteners, or ads for commercial offerings. • No more than 2 comedy/meme posts allowed on the top page.

• No more than 2 promotional posts per coin on the top page. • To mitigate abuse from throwaway accounts, a minimum of 20 comment karma & 10-days account age is required for participation. • See our page for more details about this rule. • No Manipulation • No pumping, shilling, or FUD (fear, uncertainty, doubt).

^^ This is a big question, for me. Will current ZEC/ZCL miners work with ZEN day one?? Also, as far as promoting solo mining/full nodes, providing stratum support. I'm not sure how Nicehash buying and selling hashpower works, but it looks like they have about 110MSol/s of equihash hashpower available. So if they switch to zencash mining on a low difficulty that could explain this situation. I don't understand however. Designed for Long-Term Operation. 21 million ZenCash cap - no premine, no ICO; Thousands of Secure Nodes in operation - 3.5% of mining reward; Treasury funds for development, support, marketing - 8.5% of mining reward; Strong Team & Representative Governance - Zen Blockchain Foundation; Wallets and.Missing.

• Do not use multiple sockpuppet accounts to manipulate votes to achieve a narrative. • Do not solicit, complain about, or make predictions for votes. • Do Not Incite Illegal Activities or Beg • Do not incite or encourage illegal activities. Content promoting leaks, buying/selling drugs, tax evasion, etc will be removed.

• No malware, spyware, phishing, or pharming links. • Do not post addresses or seek donations without pre-approval from the moderators. Pre-approval is granted in only the most extraordinary circumstances. • Do not beg for karma. • Do Not Post Low-Quality Content • High-quality submissions are encouraged. Baseless price speculation, shilling, repetitive posts et cetera are removed.

'Recommend a coin' can be discussed on the daily thread. • See our wiki page for more details about this rule. • Do Not Reveal Personal Information • Do not reveal personally identifying information(PII), otherwise known as doxxing yourself. Divulging how many coins you own can make you a target of hackers and identity thieves. • Do not doxx other redditors even if they engaged in an illicit activity. Report them to the mods instead.

• Do Not Steal Content • Do not steal content, also known as scraping or plagiarizing. Submitting links to blogs or news sites which are notorious for this activity will result in suspension or permanent ban. Use to help determine if content is stolen or not. • Keep Discussions on Topic • Idealogical posts or comments about politics are considered nonconstructive, off-topic, and will be removed. Exceptions will be made for analysis of political events and how they influence cryptocurrency. • Use Suitable Titles and Correct Flairs • No clickbait. Titles cannot be misleading.

They should accurately represent the content being linked. • Titles must be in English.

• No URLs in titles. • No low-effort content typically characterized by low character count, all caps, & banal wording. Example: 'SELL SELL SELL!!!' • See our wiki page for more details about this rule. • Communicate With The Mod Team • Report rules violations.

The rules are only as good as they are enforced. Mods cannot be everywhere at once so it is up to you to report rule violations when they happen. Do not fall victim to the Bystander Effect and think someone else will report it.

• Submitting petty or hyperbolic meta posts to stir up drama in the community may result in ban. Message your issues to the modmail or in instead. • If you wish to have your subreddit or website listed in our sidebar, please review our first. If you meet our standards, message the modmail. • See our page for more details.

Monthly Top 10 Market Cap Subreddits Home Subreddits Related Crypto Subreddits Related Tech Subreddits IRC News • • • • • • • Exchanges • • • • • • • • • • • • Mining • • • • • Resources & Tools • • • • • • • • • Our Subreddit Friends • • • •. Monero v ZenCash In this post I will attempt to compare two privacy based cryptocurrencies, Monero and ZenCash. Disclsoure: I mine Monero and have bought ZenCash.

Monero and ZenCash both offer a value proposition as fungible, privacy based coins. Fungibility in cryptocurrencies is in fact inherently linked to privacy, because it is the knowledge of the history of a non private coin that makes it non fungible - for example, certain Bitcoins derived from a criminal enterprise could theoretically be “blacklisted” by for example exchanges and therefore they would have less value than other Bitcoins. At present this is mostly a theoretical problem, but it may become a real one with time.

Both Monero and ZenCash claim to be fungible. Monero is a much older coin, having originated in 2014, while ZenCash, which derives from source code finalized late 2016, is less than one month old. In this comparison of Monero and ZenCash, I ought to be upfront in saying that while I mine Monero, I have no faith in its long term prospects as a cryptocurrency, for reasons which I will explain in this post. Monero, and ZenCash - and every other cryptocurrency - both have roots in Bitcoin. Monero introduces Mixin, whereby one’s transaction signature is mixed with multiple other transaction signatures.

The default number of Mixin is 4, and the mandatory minimum is 2. If one’s own transaction is added, then there’s a minimum of 3, and a default of 5 signatures combined. The effect of this is the outside observer cannot determine which out of the three or five is whose signature. Clearly this is more private than Bitcoin, where the blockchain is completely public knowledge, and all transfers are publically stored on the Blockchain with the sender amount, receiver amount, and amount of transaction.

The problem is there’s a growing body of software and expertise that can map network connections and with increasingly more effectiveness find relationships between participants in that network, even through a mixing process such as Mixin. It would obviously depend on how much resource one’s adversary would be willing to use, but my opinion is that all mixing processes can be compromised by a nation state level adversary. Monero also has introduced a new feature called Ring CT which, in addition to Mixin's obfuscation through signature mixing, obfuscates the amount of the transaction. This is an improvement, because clearly hiding transaction amounts makes it even harder for an external party to trace transfers.

That is of course if everything works according to plan. The problem is Monero has no funding mechanism to ensure everything goes according to plan. 100% of the block reward in Monero goes to miners, and so contributors auditing code, or just generally contributing to the project have no mechanism to get paid for their contribution. There do appear dedicated capable programmers willing to donate their time free to Monero development, who appear idealogically motivated to promote to a voluntary-ist privacy enhanced cryptocurrency. The problem is, that’s not enough for sustainable long term development.

The Ring CT protocol Monero uses disastrously bloats the blockchain, and Monero had scaling issues before, now it has enormous scaling issues. Monero’s scaling issues make Bitcoin’s scaling problem look like a picnic in the park. And the cold reality is there is no way volunteer only coders, and community members will solve such a fundamental and complex issue, or the many others that cryptocurrencies are inevitably faced with. ZenCash on the other hands uses a zero knowledge proof of work algorithm known as zkSNARKs and is based on source code finalized in late 2016.

In zkSNARKs no mixing occurs, because there is zero knowledge, there is nothing to mix. The sender’s address, the recipient’s address and the amount transferred are all unknown. This provides a considerably higher level of privacy than Monero. A second advantage of ZenCash is that while it may face scaling challenges going forward, they are nothing like those of Monero - Monero’s scaling issues are almost off the Richter scale.

ZenCash has superior privacy to Monero, and this is one of its advantages. However, another of its advantages is that it has a clear and sensible funding model to facilitate its ongoing development. Unlike Monero, that allocates 100% of the block reward to miners, ZenCash allocates 88% of the block reward to miners. The remaining 12% is shared 8.5% for the DAO and core team to fund development, outreach, and partnerships, and 3.5% is reserved for secure nodes.

Anyone who has watched Dash and the - presently few - other coins that have learned from and implemented evolutions of its funding model knows how important a development funding system is to drive development and innovation, marketing, and over time rising prices. I view ZenCash’s funding as a very good balance of competing interests, and likely to drive the coin’s development and value. Monero does have advantages over ZenCash. There are two primary ones I can think of. Firstly, Monero’s mining algorithm CryptoNote makes CPU mining more competitive.

This is of enormous benefit to hackers and botnet operators, because many of the computers they compromise won’t have dedicated GPUs and so they must have a coin that allows competitive CPU mining. A second advantage of Monero over ZenCash is that it is currently accepted at one or two Darknet markets. So I suppose if one wanted to privately buy one’s drugs - and I’m deliberately not mentioning more objectionable products purchasable on Darknet markets - one could use Monero and it would be fairly private - apart from the package that one presumably gets in the mail containing said drugs, which would be a little less private. ZenCash by contrast is in its infancy and can’t be used anywhere. These advantages aside - and the only enduring one I can think of is that Monero’s CryptoNote allows competitive CPU mining - I strongly recommend against investment in Monero. Its marketcap is about $730 million as I write, but in the last couple of months as the cryptocurrency market has exploded it has underperformed.

ZenCash is worth at present I believe less than $15 million in market cap. One thing I like about this is that buying a coin with limited marketcap limits downside risk, which despite the extraordinary rises of last two months is in my view essential to always keep in mind.

I mine Monero because CPUs can mine it competitively. However, I’ve always sold, and never regretted that decision as I’ve swapped into coins that grew in value more quickly.

For all I know Bytecoin, which uses the same mining algorithm as Monero, is better value to mine. It used to be worth less than a 10th of Monero. But now it’s almost as valuable as Monero. Anyway, I don’t have time to change my mining set up at this point, so I will continue to mine and sell Monero.

When it comes to making capital allocations in crytpocurrencies, we are all ultimately answerable to ourselves, and must make our own decisions with as much information as possible. What I have written here are the views of one man. In my case, I cannot imagine buying Monero. I have, and would again, buy ZenCash at its present price around $8.00 a coin. Reddit is becoming a shithole because people write things you don't agree with?

To me that's an infant's mind at work, bottle, bottle, bottle, bottle, I want bottle. Reddit's whole purpose is the sharing of ideas.

Why would I not want to pump Monero then since I mine a heap of it, and financially at this point I would do better out of Monero succeeding than ZenCash? The answer is, because anyone who looks into it realises it has no real prospects of success. Anyway, I can't wait for you to 'obliterate' my arguments, it sounds impressive. Monero is a very interesting concept. One downfall is that holding the coin has almost no value from the website. Whitepaper: 'There is a 1% fee for all transactions (swipe and exchange) of ETH/BTC.

These earnings will accrue in the MCO Smart Contract, the rights to which will be held by community members who hold MCO tokens.' , This means that if you own 100 tokens and there is a supply of 10,000,000 tokens, and they somehow have $100 Million of revenue that year from transactions, you will earn: $100M * 0.01 = $1m dispersed to the token holders.

$1m / 10,000,000 = $0.10 per token holder 100 Tokens * 0.10 = $10.00 profit that year. Now, considering each token costs about $3 (120MCO/1 ETH). $3 for $0.10 hoping they make $100M.

How Do I Mine PACcoin PAC more. Not good in my opinion.

ZenCash is a digital currency (cryptocurrency) derived from Bitcoin, with improvements from Zcash to add private transactions, network security and resilience, and an ongoing funding and governance system. ZenCash was launched May 30th, 2017. ZenCash will essentially be designed as a more secure, anonymous version of Bitcoin (Bitcoin transaction isn’t anonymous), with further benefits of a devoted, mission-driven leadership team, and a guaranteed pool of resources for the community to mobilize toward initiatives such as outreach, software development, social entrepreneurship, partnerships, etc. The purpose is to create a usable cryptocurrency for people and businesses worldwide, enabling private transactions, encrypted communication and file-sharing, document publication, encrypted economic/business activity. Zen will also hosts a distributed autonomous organization system, the Zen DAO governance system.

The Zen White Paper states that foundational examples from which Zen was developed are Bitcoin, Dash,, and Seasteading. The initial project was called which extended the standard Bitcoin transaction with a fully anonymous shielded transaction.

Hence, with Zcash, users had a choice between standard Bitcoin-like addresses (t-addresses) and shielded addresses (z-addresses) that are resistant to traffic correlation analysis. Zclassic was developed from the Zcash code base with alterations to the rate of initial money supply and Founders’ Reward. Finally, Zen was forked from Zclassic and developed with a fully encrypted network, and a platform with internal funding to make possible a range of interconnected file-sharing, communications and economic use-case features. Zero-knowledge encryption. Zero-knowledge encryption allows for undecipherable encrypted communications to propagate throughout the network while providing protections against denial of service attacks and spamming. ZenCash is leveraging the best privacy technology, zk-SNARKS pioneered in Zcash. This technology is used for private transactions, communication, and publishing.

Zk-SNARKS enables shielded transactions whereby the sending address, receiving address, and amount of transaction are not published on ZenCash blockchain. When sending a shielded transaction, a 512 Byte memo field is included in the transaction. This can be used to send a message within the transaction. The message is sent with a minimal cost transaction (0.0001 ZEN. Whoever has the receiving private key on their wallet can view the memo. ZenCash also has traditional transparent transactions available for use, where the sender, recipient, and amount are recorded and available on the blockchain (just like Bitcoin).

Encrypted and Resilient Network Transport. An important part of ZenCash is operating Secure Nodes. Zen nodes run the software that makes the ZenCash system work. The purpose of is to create a network that is large and resilient enough to provide the foundation for a worldwide private communication and publishing system that is difficult to interrupt and gather data on. The ideal would be 1000-5000 secure nodes, each running on a separate system, all over the world. Secure nodes operate as regular nodes with additional security features. They maintain a current TLS certificate and use it to encrypt node-node and node-wallet communication.

They’ll also provide domain fronting and hold a permanent and encrypted InterPanetary File System available to ZenCash users. They have ability to send a shielded transaction, requiring 4 GB of available memory with 64 bit processor and operating system. Anyone that runs a full node with the additional secure node requirements will qualify for the Secure Node reward and participates in the network node funds allocation program will receive their share of 3.5% of the coinbase rewards. The Secure Node System development is funded by the ZenCash treasury. Inclusive Governance. The Zen system will have at least one DAO funded by a portion of the mining rewards, and governed by a voting system that brings stakeholders– Zen Blockchain Foundation members, developers, owners of ZenCash, secure node operators, mining pool operators– together. This system of governance helps ensure that implementation of changes, improvements, and integrations minimizes contention and reduces the chance that a disagreement leads to a fork in the project.

Global Publishing. The Zen blockchain enables independent and irrevocable publication of both private and public material.

After publication, material can never be suppressed, expunged, or mutated. Communicate Any Type or Size of Information.

Zen private messaging integrates with IPFS () for distributed publishing and information access. IPFS is the Distributed Web. A peer-to-peer hypermedia protocol to make the web faster, safer, and more open.

Any type of information in multiple formats can be published to IPFS, then linked to and messaged by Zen private and secure communications. Domain fronting. Domain fronting extends the ability to complete transactions in adversarial network environments, such as in countries implementing strict internet censorship. HTTPS encryption will be used to communicate with a censored host while appearing to communicate with an alternate, permitted host. BLOCKCHAIN PARAMETERS. • Proof of Work: Equihash hashing algorithm, which is a memory-hard, GPU mineable protocol.

• Blocks: 12.5 ZEN every 2.5 minutes, 17,280 blocks per month. • Block size 2MB. • Coin supply at launch: 1,375,000. • Monthly coin generation for first 3.5 years: 216,000. • Reward halving every ~4 years, like Bitcoin.

ZENCASH (ZEN) OVERVIEW. Coincapmarket ranking: 155. Current coin Value: $8.21 (-13.15%). Market Cap: $17,176,941. 24hr volume: $252,930. Circulating Supply: 2,091,938 ZEN.

Maximum Supply: 21 million. ZenCash did not conduct an ICO or a pre-mine. ZenCash began as a chainsplit from Zclassic, providing a base of ZEN owners. Anyone who hold Zclassic prior to the block 110,000 chainsplit was allocated a 1:1 amount of Zen automatically. After launch, users were simply required to import the Zclassic private keys into the new Zen wallet to redeem their tokens. ZenCash funds growth using a redirection of a portion of the miner reward, to be spent on ZenCash using a community governance mode.

In the ZenCash network, 8.5% of the tokens are allocated for community development, marketing, maintenance, and other costs paid for out of the treasury. This ensures that there are always enough resources available for growth. Supply and distribution.

110,000 blocks were in existence at launch. The total eventual coin supply will be 21 million ZEN. The blocks are distributed as follows: • 88% (190,080 ZEN per month) – miner solving POW algorithm. • 5% (7,560 ZEN per month) – secure node operators, distributed evenly based on qualified uptime.

• 5% ( 18,360 ZEN per month)- ZenCash treasury. Used to support and improve ZenCash.

• • • • • Wallets. ZenCash desktop wallet software has three supported versions: • for Linux, Mac, and Windows.

• for Linux, Mac, and Windows. • for Linux, Mac, and Windows. MAKING MONEY WITH ZEN. The first and easiest is to buy Zclassic on the open market at an exchange like, hold it, and expect that as the developers and other people involved with Zen work to make it a stronger and more useful currency that it will go up in value over time.

A second way to earn Zen, which is slightly more difficult, is noding. This involves operating a virtual private server (VPS) and running the Zen node software. Because Zen is going to be optimized for encryption and security and resiliency, stay away from putting your VPS on a Raspberry Pi or similar device and instead go rent an actual VPS at a hosting provider.

You should be able to find one that meets your specifications for $5-$10/month. To get better rewards you are going to want to set your VPS up to get a public certificate so it can have verified secure Communications with other Zen nodes. This can be done for free using Let’s Encrypt. Example of ROI from Operating a Secure Node: The quantity of Secure Nodes that will be running and compliant after Secure Node Tracking and Payment system becomes operational is uncertain, and will probably go up over time. This is an example: Fixed Qty Number of ZEN per month (first 4 years) 216000 ZEN 3.5% for Secure Nodes 7560 ZEN Amount of ZEN required per secure node 42 ZEN Variable Qty Number of Secure Nodes 1000 Nodes Price of ZEN in USD $8.00 USD Price of VPS per month in USD $5.00 USD Calculations Monthly Reward per Secure Node (100% uptime) 7.56 ZEN $60.48 USD Monthly Profit in USD $55.48 USD Annual Profit in USD $665.76 USD Annual Profit in ZEN 83.22 ZEN Annual ROI in ZEN 197.61% 3. A third way to make money with Zen is to mine for it with a GPU Miner. Zen will use the same algorithm as both Zclassic and Zcash, the Equihash algorithm.

There are mining pools available as well. • ZenMine Pro – • Cryptobroker – • BitFire Pool – • MineZ Zone – • Luckpool – • Miningspeed – • ZenCash Cloud – • Zen Mining Pool IO – • Zcrypt – • MineIX – • Zpool – • SuprNova – MEET THE TEAM. The founders, managers, and advisers involved in the daily operations of ZenCash are experienced in business, technology, leadership, and cryptocurrency. The founders have recruited respected industry veterans as advisors. Zen is maintained by the Zen Blockchain Foundation, a Delaware nonprofit corporation. • Robert Viglione – Founder and board member.

Economist, experienced cryptocurrency adviser. • Rolf Versluis – Founder and board member. Business leader, investor, engineer, crypto miner. • Jane Lippencott – Founder and board member. International outreach, marketing, operations. • Steven Nerayoff – Strategic adviser and board member. Experienced cryptocurrency investor.

• Charles Hoskinson – Strategic adviser. Co-founder of Bitshares and Ethereum.

Antminer U3 Ubiq UBQ Miner Version 2. • Carlo Vicari – Board member. Experienced in leading cryptocurrency community and growth. Zen’s accelerated technical timeline includes deploying Segregated Witness; developing improved wallets for Linux, iOS, OS X, the web, Windows and Android; creating hardware for messaging, t and z transactions and GNUnet publishing; and developing a domain fronting service for z transactions that use a commercial content distribution network.

Zen will also build systems servers in a multi-data center configuration which it will subject to rigorous infrastructure resilience testing to ensure lower latency, security and redundancy. ZenCash is an exciting new cryptocurrency with a solid technological foundation, unique capabilities, an active and capable team, ongoing funding for improvements, and a large, positive, encouraging community. The goal of ZenCash is to create a usable private cryptocurrency operating on a resilient system for people and businesses worldwide, enabling the daily use of private transactions, messaging, and publishing by people everywhere, all the time.

As a distributed blockchain system with both public and private transactions, private messaging, fully encrypted communications, and a social and governance model designed for long term viability, Zen will contribute to the human right to privacy and provide the necessary networking infrastructure for people to securely collaborate within a borderless ecosystem. ZEN calculator: zen = ZEN price: 1 ZEN = USD 1 ZEN = EUR 1 ZEN = 0.00432500 BTC.