What kind of mining machine should be used to mine ZEC (What machine is good for mining)

08/16/2023 13:19 • Crypto & Markets • 45 views

What kind of mining machine should be used to mine ZEC? ZEC is a distributed computing device based on ASIC, which is designed specifically to meet the specific needs of different users. Currently, the mainstream cryptocurrencies Bitcoin, Litecoin, and Ethereum all use this specialized chip for mining, but many other tokens also use this chip. For example, ZEC once soared to over $1000 during the bull market in 2017, and then fell below $2000. This makes mining ZEC more difficult because it cannot be produced in conjunction with ASIC. Therefore, mining ZEC requires a large number of machines to be put into operation. So how can we develop our business? Let’s find out:

1. How does ZEC handle transactions?

2. How does ZEC operate?

3. ZEC mining principle

4. How long does it take to mine ZEC?

What machine is good for mining

Editor’s note: This article is from Carbon Chain Value (ID: cc-value), author: Baiye, authorized by Odaily Star Daily.

The mining difficulty of Bitcoin reached a historical high on August 15, 2017; however, by the end of June 2019, this number had dropped to around 29,000.

Now the price of mining machines has reached nearly $100,000, and if calculated according to the current price, the hash rate is about 3000T. So we need a more reasonable mining machine to decide whether to purchase it. When buying this machine, the first thing to consider is whether it has an ASIC chip, whether it has configurations such as a smartwatch and CPU. Then select the machine based on your needs. In this way, we can determine whether this machine can support high hash rate equipment. So what coin should we mine? Of course, there is. But the premise is to choose the right manufacturer. After all, the mining industry is still in its early stages.

In addition to Bitmain and Canaan Creative, some companies are also aggressively deploying in the blockchain field. For example, Nvidia has also launched its own cryptocurrency mining products, but the profits of these companies are much lower than the currencies mined throughout last year. And in recent months, the global economy has slowed down due to the impact of the COVID-19 pandemic.

Therefore, when it comes down to it, Bitcoin, as the earliest mined and circulated world reserve asset in the world, has always been the focus of attention, and even the most influential companies are continuously increasing their holdings. However, as Bitcoin itself is not a virtual commodity or any form of asset, and its volatility is too high to fully counteract the impact of market fluctuations, it is difficult to justify its high-priced high returns. However, personally, I don’t think this investment behavior is particularly worth investing a large amount of money in mining. Many investors believe that such opportunities do not exist, especially those who have just started mining and may focus on their own hands without knowing how to operate.

I am a professional electronic engineer and have been engaged in computer-related work for a long time. Friends who often read articles will know about my experience. When I encountered problems in 2013, it was very troublesome for him. He said, “If you don’t have time or energy to do computer maintenance, then you may not be able to analyze it.” Later, his answer was also the same, “Many people will worry about hardware damage.” Although the current situation looks good, there are still some problems.

1. High electricity cost, high electricity bill

For most ordinary users, mining is very inconvenient, and many people don’t bother to figure out how to ensure its normal operation. There are also other factors that will affect your usage habits. Some customers use their phones to mine with graphics cards, but in general, only a small number of people are willing to pay cash. In addition, many people like to power their mining machines with fans, such as Avalon A9 Pro, which is specially used to mine BTC and other digital currencies.

2. Low energy efficiency

As more and more institutions begin to accept Bitcoin payments, energy consumption will gradually decrease, and the development of the mining industry will also experience explosive growth.

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What kind of mining machine should be used to mine ZEC (What machine is good for mining)

What machine is good for mining

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