What is the Zcash algorithm?

The Zcash algorithm is known as Equihash, and it was developed by Alex Biryukov and Dmitry Khovratovich at the University of Luxembourg. The Equihash algorithm is an asymmetric memory-orientated proof of work system that is premised on the generalized birthday problem.

What is Equihash in Zcash?

Underpinning the entire protocol is the Zcash algorithm for proof of work mining, Equihash. Proof of work mining concerns the process of producing a hash value that, when an input is inserted into a hashing algorithm, an output of a fixed length is formed (with the output representing the hash value).

Is Zcash a fork of bitcoin?

Since Zcash is a fork of Bitcoin there are some similarities. Zcash also has a 21 million coins maximum supply and they are all expected to be mined by 2032. Every four years, the block reward gets halved to keep the supply in check. Unlike most of the other coins though, Zcash wasn’t pre-mined and nor is it ICO funded.

How to mine Zcash?

From our many years of experience, we have established that you only have two ways to mine Zcash efficiently for greater profits. If you are a pro with adequate inside knowledge, you can invest in mining software and join a Zcash mining pool. This is an excellent option if the pool offers steady rewards and uses cheap electricity.