How to Use Hashflare Cloud Mining Calculator for Zcash Mining Pools
Zcash is a cryptocurrency that offers privacy and selective transparency of transactions. Zcash payments are published on a public blockchain, but the sender, recipient, and amount of a transaction remain private.
Zcash mining is based on a proof-of-work algorithm called Equihash, which is designed to be ASIC-resistant and memory-hard. This means that Zcash mining can be done using GPUs or CPUs, but not specialized mining hardware.
One of the ways to mine Zcash is by joining a mining pool, which is a group of miners who share their computing power and split the rewards. Mining pools can help miners to reduce the variance of their income and increase their chances of finding blocks.
However, mining Zcash also involves costs, such as electricity, hardware maintenance, and pool fees. To estimate the profitability of Zcash mining, miners can use a cloud mining calculator, such as the one provided by Hashflare.
Hashflare is a cloud mining service that allows users to rent hashing power from their data centers and mine various cryptocurrencies, including Zcash. Hashflare also offers a cloud mining calculator that can help users to determine the best settings for their mining contracts and optimize their returns.
To use the Hashflare cloud mining calculator for Zcash mining pools, users need to enter some parameters, such as:
The amount of hashing power they want to rent (in sol/s)
The duration of the contract (in days)
The pool fee (in percentage)
The electricity cost (in USD/kWh)
The Zcash price (in USD)
The Zcash network difficulty (in M)
The Zcash block reward (in ZEC)
The calculator will then show the expected revenue, expenses, and profit for the given contract. Users can also compare different scenarios by changing the parameters and see how they affect the profitability.
For example, let's assume that a user wants to rent 1000 sol/s of hashing power from Hashflare for 30 days, with a pool fee of 1%, an electricity cost of 0.1 USD/kWh, a Zcash price of 42.51 USD, a Zcash network difficulty of 107.7198 M, and a Zcash block reward of 2.5001 ZEC. The calculator will show that the user can expect to earn 0.73 ZEC (31.05 USD) in revenue, spend 0.36 ZEC (15.30 USD) in expenses, and make 0.37 ZEC (15.75 USD) in profit.
However, if the user changes the pool fee to 2%, the electricity cost to 0.2 USD/kWh, or the Zcash price to 30 USD, the profit will decrease to 0.28 ZEC (8.40 USD), 0.25 ZEC (10.63 USD), or 0.27 ZEC (8.10 USD), respectively.
On the other hand, if the user increases the hashing power to 2000 sol/s, decreases the pool fee to 0.5%, or increases the Zcash price to 50 USD, the profit will increase to 0.74 ZEC (37.00 USD), 0.39 ZEC (16.58 USD), or 0.46 ZEC (23.15 USD), respectively.
Therefore, using the Hashflare cloud mining calculator for Zcash mining pools can help users to find the optimal settings for their contracts and maximize their profits.