What Happens When All Zcash ZEC Are Mined

Don't mine or hodl in an exchange wallet. Hold your own private keys. Especially after the seeing the Nicehash hack, you want to be in control of your money. If you use a Jaxx wallet, Jaxx holds your coin -- not you. If something happens at an exchange, it could all be gone in a moment. Zcash4win is easy to.

I think every one deserves to know about the ZEC Slow Start Rate Slow-start and ZEC scarcity In order to give the network and its development some breathing room, Zcash is implementing a slow-start mechanism for the first 20,000 blocks (or about 34 days). In the event of a major bug or security vulnerability in the protocol, the slow-start will minimize the impact as initially, the block reward will be a fraction of the eventual 12.5 ZEC that will be created for each block for the first 850,000 blocks - at which point, the block reward halves. Over the slow-start period, the block reward will gradually and linearly increase until it reaches the full 12.5 ZEC at the 20,000th block. ZEC distribution rate for first 30,000 blocks. At the moment, this makes the cost of mining much greater than the rewards returned for smaller miners.

This feels like a slap in the face to your most ardent supporters of your work. The least you could do was remove the developer's reward during the slow start to share that sacrifice. We all have Jack Gavigan to thank for this poorly contrived idea. Also your page at says: 'With mining slow start, the block reward linearly ramps up over a period of 5000 blocks before reaching its maximum value.' Is it 5,000 or 20,000?

The blog post you are quoting is very old (June 1st, 2016) and was written for the alpha release. This is not even the beta stage yet which might have changed the block rules.

At least that is what I have now come to understand. I took my info from this page. Which was written 2 weeks before Zcash 1.0 'Sprout' To finish answering your question as to when will ZEC be at its 12.5 ZEC (Maximum value per block) It would be until the first 20,000 blocks are mined before miners start receiving a full 12.5 ZEC reward.

Zcash (ZEC) has launched officially a bit earlier today and things have literally gone crazy, just as expected with all the user interest before the launch and all the hype surrounding the new altcoin. Mining has started as well, though it is apparently still a bit of a problem for people where to mine and what miner to use, so I figured out that I can share some experience and tips based on my experience so far. Hopefully this will help you get started mining properly, but don't forget that Zcash (ZEC) has implemented a slow start and currently the block reward is still pretty small. The block reward will need 34 days to linearly reach the regular level of 12.5 ZEC, so the first day just about 100 ZEC coins will be mined in total. Speculations and really high prices for selling very small amounts of ZEC are already on the exchanges that listed the coin already such as Poloniex and Kraken. I have already written more details about the slow start and the block rewards here - Where to mine with CPU and Nvidia CUDA GPUs The best place to mine Zcash with CPU or Nvidia CUDA GPUs at the moment seems to be Flypool, a stratum mining pool that supports a number of stratum-enabled miners for the Equihash algorithm used by Zcash (ZEC). The pool seems to be the best place for CPU and Nvidia miners for the moment, the pool lists Genoil's OpenCL miner as supported as well, but that particular miner is still quite problematic to run and I'm having issues making it work as well, so you might not want to bother with it for the moment.

The pool currently has a zero mining fee. • • Where to mine with AMD OpenCL GPUs The best place for the moment with a properly working OpenCL miner for most people seems to be the Coinsforall mining pool that has a working OpenCL/CUDA miner available. This pool does not use stratum and their own miner is currently not compatible with other pools as they are pretty much all using the stratum protocol. Do note that currently this pool has a pretty high mining fee of 4%, though it is the only viable option for OpenCL mining, so not much of a choice.

• • Alternatively you can also try selling your hashrate on, the rate is pretty high at the moment, though it can vary a lot and the profit might not be as big as directly mining and selling when you get at least 0.01 ZEC available to withdraw from the pool and sell it on an exchange. Mining directly to an exchange address can be helpful if you want to mine and sell directly in order to get high profit with the initial scarcity of Zcash coins and the big demand for them that is currently present. If you have a question or want to add something, then please leave a comment below.

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