Greetings Steemians! I haven't posted a mining update in awhile so I thought it would be a good idea to summarize the latest coin I'm mining, XZC, also known as ZCoin.
What is ZCoin?
ZCoin is the first cryptocurrency utilizing zero knowledge proofs via the Zerocoin protocol for anonymous transactions of cryptocurrency utilizing the Lyra2z hashing algorithm.
I was quite surprised to find out about this hidden little gem of a coin. I regularily use whattomine.com to find out about different coins to mine, typically sticking to the list presented at the front page, but ZCoin wasn't there. It wasn't until browsing different coins on suprnova's pool list that I found ZCoin. Impressed with it's potential and current technology I set out to try mining it and was in for a pleasent surprise.
Mining Profits
Now lets dive into the profit potential, afterall that's what we're here for right?
To benchmark the profits, I'm utilizing my combo workstation/mining rig with 2 1080 Tis, and a 1080. When utilizing these 3 GPUs with my machine solely mining and not being utilized for day-to-day purposes, I get just shy of 8000kH/s, and clock in at 7891kH/s.
If we plug that into whattomine with a 1% donation rate, I'm getting a profit of $3578.37USD/year (roughly speaking). If we take my same 3 GPUs, and look at the current most profitable coin listed on whattomine.com's front page, I'm getting a profit of $2498.18USD/year!
Just by switching algorithm's from the previous coin I was mining, netting an extra $1000USD/year from the same hardware! The potential here is amazing. ZCoin has good potential for long-term value growth, as well as immediate gains in profit create the perfect storm for some sweet sweet gains.
I highly recommend checking out this algorithm and cryptocurrency as you won't be dissapointed by it's mining profit margins.
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