What is ZCash (ZEC) – How to Mine ZCash using Standalone Hardware or by Cloud Mining

ZCash – A Truly Anonymous and Privacy Oriented Coin

Zcash mining

What is Zcash?

ZCash is a highly anonymous crypto currency which is highly privacy centric with zero knowledge proofs, making transactions completely private and encrypted. So, though Zcash trades are available on the blockchain, the sender, receiver and value of payments becomes private. This is an addition to Bitcoin Privacy.

Which algorithm does ZCash Uses?

Zcash uses the Equihash hash algo which is a memory-hard POW algorithm that uses generalized birthday problem. It uses high RAM requirements to deny ASIC developments to develope the generation of proofs.

So how does it exactly operates?

Since the contents of Zcash trades are private and encrypted, the system works on the new cryptographic technique to check payments. This enables the network to keep a risk-free ledger of balances without revealing sums or the parties called for.

Technology

Zcash is a de-centralized and open source cryptocurrency that offers particular and seclusion transparency of trades. The sender, receiver, and quantity of a trade stay private, although zcash payments are printed on a publicly viewable blockchain.

It’s main progress over Bitcoin is the inclusion of secrecy. Zcash uses sophisticated cryptographic techniques, specifically zero-knowledge proofs, to vouch for the validity of trades without disclosing additional info about them.

ZCash Coin Launch Date

ZCash will be available for mining on 28th October, 2016 and currently available on the “testnet” for those who wants to get a feel of how the mining works.

Is It available on All Platforms (Windows, Linux etc)

The official launch supports only Linux and once the first version gets available to the public, you may expect the Windows version to hit the market

How to Mine ZCash?

Steps to Mine Zcash On Linux Systems –

First step is to install all the required package dependencies. Use the respective package manager available on your linux flavors (Ubuntu, Debian, Fedora etc)

Build all the essential utilized as mentioned at https://github.com/zcash/zcash/wiki/Beta-Guide

Once all the dependencies gets installed, the next step is to download and install Zcash

Execute the following command – “git clone https://github.com/zcash/zcash.git”. This step will create ZCash in your “Files” directory.

Upon successful downloading the repository contents, get into that folder and enter the command

git checkout v1.0.0-rc1 (you can download the whatever latest revision available on the github and use here)

and then enter the command ./zcutil/fetch-params.sh

The above takes time a lot of time as keys size is GB’s

Second Step – Compiling ZCash

To compile ZCash execute the following – ./zcutil/build.sh -j$(nproc)

Final step is to run Zcash by doing the following steps –

Go to Files -> Create “.Zcash” Folder -> Create a file zcash.conf and enter the following details and save the conf file

zcash.Conf

———–

testnet=1

addnode=betatestnet.z.cash

rpcuser=username

rpcpassword=password

gen=1

and thats all, now go back to the terminal and enter the following command, ./src/zcashd -daemon and Zcash daemon will start and to stop the daemon, run the command ./src/zcash-cli stop.

So, with the above your ZCash mining starts and you will start seeing the testnet coins with all the hashrate being displayed at the screen.

How to Mine Zcash using Cloud Mining?

Genesis Mining offers Zcash cloud mining mining contracts so if you are interested in doing cloud mining of ZCash by 29th October which is the launch date, you can purchase contract and get ready for mining without any hassles.

What is Peercoin | Howtos on Mining, Minting and Trading Peercoins

What is Peercoin

Peercoin is a decentralized crypto currency launched in 2012 making it one of the oldest and reliable crypto coin with instant payments to anyone across the Globe. Peercoin has no central authority and it uses peer to peer technology to manage network transactions. Its also called PPcoin with trading symbol PPC.

Peercoin is coded based on Bitcoin but its truly one of the alterative currencies to Bitcoin, It is the first crypto coin to introdue Proof-Of-Stake (POS). Peercoin money supply is determined by the following

Proof of Work mining (POW)(increases supply)



Number of transactions (decreases supply by 0.01 PPC per transaction)



Proof of Stake minting (increases supply at a rate up to 1% per year)

Peercoin Wallet – You can download the wallet from official Peercoin website, https://peercoin.net/wallet . Download the wallet and synchronize blockchain and get your wallet address.

Peercoin Mining Pool – Peercoin can be mined using Proof-of-Work (POW). It uses the same algorithm as Bitcoin which is SHA-256. You can mine the coins using any of the GPU or ASIC rigs. The reward for mining a block gradually declines as the computing power of the network grows. Over time, mining will have an ever-decreasing impact on the growth of the money supply.

Here are the steps to Mine Peercoin

1. Get you Wallet ready to take out your address

2. Select a Mining Pool from the below list

https://peercoin.ecoining.com/

https://ppcoin.d7.lt/

http://ppc.fixx.ru/

3. Sign up with the Mining Pool and follow the instructions before pointing your miners to kickstart mining. You can even select multicoin pools like https://www.coinotron.com/coinotron/ etc.

Step by Step Peercoin Mining Video –

Peercoin Calculator – You can find the profitability mining calculator using http://www.coinwarz.com/calculators/peercoin-mining-calculator

Where to Buy Peercoin

Peercoin Exchange – You can buy or sell your mined Peercoins at one of the Exchanges. Exchanges are the ones which facilitates to trade altcoins with Bitcoin or Dollars.

Guide on How to Buy and Sell Using an Exchange

Peercoin Minting (Peercoin Proof-of-Stake) – Once you have your coins either from an exchange or POW Mining, you can send them to your wallet and get interest. It doesn’t require any specific hardware as your computer is just enough to do Minting. Minting earns you 1% annually. Coins are first eligible to mint 30 days after they have been transferred, and after 90 days, their chance of success is maximized. If you mint more often, your earnings will compound!

Step by Step Video guide on Peercoin Minting

OKCash – A Proof of Stake Altcoin For The Future Of Social Payments

What is OKCash Coin?

OKCash coin

OKCash rebranded from Pimpcash is a newly launched crypto coin to meet the digital currency needs. The coin is launced in November, 2014 with a solid development and marketing promotions. Initially, the coin was available for POW (Proof of Work) ming and it lasted for 15 days. Now the coin is a pure POS (Proof of Stake) making it more energy friendly and long term sustainable currency.

OKCash technology is a new form of money that is digital and can be connected directly between users without the need of bank accounts or it can be traded for physical money. Digital cash is considered as one of the best social payments options for the future, whether for use in regular retail setting or to take part in electronic business over the web or it can be used in the development of sharing economies.

Bitcoin is one of the first digital monetary forms that can be used on the web and is not managed by a central bank and has its own made-up principles. Bitcoin is recognized as the best known digital currency that depends on computer networks to resolve complicated encryption algorithms, in order to verify and record the details of every transaction made.

Similar to Bitcoin, OKCash is new cryptocurrency that was introduced in November 2014. Since the beginning OK has revealed a unique interest among the users and aims to make the coin widely available and user friendly for the community. OKCash has started a new propensity in the cryptocurrency world, by infusing a positive vibe into its design and code and empowering the users.

OKCash has been referred to as “The future for Social Payments” and it has one of the most powerful social presences in the cryptocurrency environment. An unparalleled level of security is possible with OKCash. It is made to authorize and allow its users to have complete control over their money. By using this cryptocurrency, secure payments are possible without slow and expensive middlemen. An OKCash transaction can be more cost-effective than its alternatives and be finished in a shorter time.

OKCash OK is open-source; its design is public, nobody owns or controls OKCash and everyone can take part.

About The Technology:

OKCash is a new cryptocurrency that uses Proof of Stake technology which means there is no need for special equipment or high energy bills to pay as it happens with most cryptocurrencies, thus making OKCash long term sustainable and energy friendly. For more information visit http://okcash.co/

Specifications –

Algorithm – Scrypt

Ticker – OK

Max Coin Cap – 105,000,000

Mining – POW ended and Pure POS now

POS rewards – 69% 1st year, 20% 2nd year, 10% 3rd year and 6% from 4th year onwards

POS min stake – 8 hrs

POS max stake – unlimited

Website – http://okcash.co/

Wallet Download

Sourece Files – https://github.com/okcashpro/okcash

Social

Twitter – https://twitter.com/OKCashCrypto

Facebook – https://www.facebook.com/OKCashCrypto

Reddit – https://www.reddit.com/r/OKcash

Community – https://bitcointalk.org/index.php?topic=1028368.0

Exchanges

Cryptsy

bittrex

cryptopia.co.nz

What is Komodo (KMD) – An Anonymous, secure dPoW implementation based on ZCash

What is Komodo(KMD) Crypto Currency?

Komodo Coins

Komodo(KMD) aims to be anonymous crypto currency protected by ZCash’s zero knowledge privacy is being considered as BTCD(BitcoinDark) version 2.0.

Bitcoin Dark, which had a fundamental function in SuperNET is being replaced by Komodo as told by the Developer.

KMD is currently in ICO phase and interested participants can buy Komodo using Bitcoin (BTC) until the ICO ends or swap using Bitcoin Dark (BTCD) with in a years time.

What is Komodo trying to achieve?

First goal is to achieve Zeroknowledge transactions. Komodo is working on the same execution as Zcash to achieve the first aim. When it’s executed, it’d be possible to release anonymous trades (unknown sender, receiver, and quantity) on the blockchain. It’s using zcash’s zk-SNARK as the method by which miners assess for double-spending. Like Zcash, Komodo offers anonymous trades.

The second goal is created with assistance from a fresh consensus process called delayed proof of work(dPoW). Create a consensus mechanism that derives its security from the Bitcoin blockchain’s pentahash computational power.

What is Delayed Verification of Work (dPoW)

Komodo uses a fresh consensus mechanism called Delayed Verification of Work (dPoW). Unlike other cryptocurrency consensus mechanics, dPoW needs a standalone blockchain which is fixed in its own right (using an unique proof-of-work or proof-of-position consensus mechanics), and then a dPoW blockchain that’s subsequently procured via the PoW blockchain (Bitcoin).

It’s presumed the security properties of the consensus mechanics of the blockchain embracing dPoW are not significantly stronger than Bitcoin’s PoW. But since the new blockchain is finally being procured via the hash power of Bitcoin, the first consensus mechanics can be strong. Additionally, there could be the various consensus apparatus like PoW, PoS, hybrid schemes, etc.

Komodo is using a system much the same to Bitshares in regards to determining who should function as nodes that are notary. Instead of Bitshares’ 101 delegates, 64 Notary Nodes are proposed by Komodo. The stakeholders in a voting mechanism not elect the Notary nodes. Although this works good in practice, in theory we’ve seen the typical troubles with voter apathy and a lot of tokens being held by exchanges.

How to Buy Komodo ICO Shares

You can buy ICO shares from ico.komodoplatform.com until 20th of November 2016 and purchasing KMD coins during this period entitles with an additional bonus that varies from week to week.

Once the ICO ends, its for the BTCD holders can swap their holdings if they want or continue with BTCD as the developer has stated his support for an year. More details of the swap will be published once the initial ICO gets ended.

You may get more details on komodo at komodoplatform.com

Roadmap

Assetchains that allow anyone to create their own asset with its own blockchain

Multiwallets where those assets can be kept, including many coins like Bitcoin and Komodo

Atomic swaps, to ensure individuals can trade their coins without counterparty dangers in the multiwallet

Pegged assets – which are a sort of cost-secure advantages created – by attaching themselves to the value of secure currencies like EUR or USD these assets solve the problem of price volatility.

Pictorial Representation

Below is a picture details about dPoW implementation. The main difference is two blockchains 1. Komodo(dPoW) Blockchain 2. Bitcoin Blockchain and also there are two types of nodes respectively called as 1) Notary Nodes 2)Normal Nodes and point 1, the notary nodes are elected by the representatives of the commmunity but the normal nodes can be run by anyone.

Komodo dPoW

FLY Coin – New Crypto Currency and a swap for ROS coin

FLY coin – Digital Crypto Currency replacing ROS coin

FLY coin came into existence to set high standards in crypto world, to give better visibility for the coin by providing nice features to sustain long term which were not accomplished by earlier ROS coin.

Specifications –

Ticker – FLY

Algorithm – X13

POW/POS – POW ended and its pure POS now

POW reward – 0.5

POS min stake age – 7 days

POS % annual – 50%

Max Coin Supply – 150000

Superblock and Masternodes

To run superblock you need 25000 FLY

Superblock rewards –

5% chance of superblock reward of 1

3% chance of superblock 3

1% chance of superblock 5

.05% chance of superblock 10

Explorer – http://fly.dnsalias.com/

Forum – https://bitcointalk.org/index.php?topic=1154550.0

Exchanges – Yobit.net

Wallets –

Windows – http://www.bitcoinlasvegas.net/files/FlyCoin-qt-64bit.rar

Linux – https://github.com/Fly-coin/Fly-coin

Mac OS – Soon

Pools – POW Ended

Source Files – https://github.com/Fly-coin/Fly-coin

How to Swap

– All the existing holders of ROS coin can exchange their ROS to FLY before 16th September 2015. You can swap the coins by sending your ROS address and FLY address at the bitcointalk forum through PM as the developer.

FLY SPECIAL REWARDS & RULES:

There are special rewards created for small holders to receive superblock rewards but need to strictly follow the following rules:

You are allowed ONLY 1 “main wallet” address.

You are NOT allowed to EVER make ANY outbound transactions from that main wallet address

You are also allowed only 1 “savings” address.

IF you want to sell some of your fly, you must setup a “savings” wallet (formally called multisend) as a secondary wallet.

All of your POS rewards will automatically be sent there and you are welcome to sell them ONLY on the sell side