Zcash mining Hashrate & Power consumption on GTX 1080 Ti | 1080 | 1070 | 1060 | 1050 Ti | 980 Ti | 980 | 970 | 960 | RX 580 | RX570 | RX 480 | RX 470 |RX 460 | R9 390X | R9 380X | R9 290X | R9 280X. Tested : Zcash ( ZEC ) using Equihash algorithm. Power consumption on Watts per hour. Nicehash miner used.
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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 may remain private.The Zcash trade symbol, ZEC, is not an official ISO 4217. Like Bitcoin, Zcash has a fixed total supply of 21 million units. On traditional blockchains such as Bitcoin and Ethereum, every entry into the blockchain reveals both the amount of the transaction and the parties involved in the transaction. Bitcoin's CoinJoin obfuscates the amounts and recipients by allowing users to pool transactions together. It does not hide the total amount value of the pooled transactions, only how the total amount is split between future transactions. It also requires active participation between clients.BitShares 1.0 featured the ability to hide the total transaction amount, but not the receiver and recipient of the transaction. However, total transaction amounts can leak by checking the values of previous and future transactions.Monero goes a step further in creating a large number of dummy inputs and outputs for each transaction, creating a much larger set of addresses connected to a given transaction. This too can leak information as clients must create dummy transactions that mimic real transactions. Between April 2014 and January 2017, 62% of all Monero transactions were linkable due to client software creating dummy inputs to transactions from wallets without any balance. Other patterns leaked information about 90% of transactions. Zcash uses novel cryptographic zero-knowledge proofs (zk-SNARKs) to protect both the amount and recipient of shielded transactions. Theoretically, this increases the set of potential inputs and outputs for a given transaction to every shielded address on the blockchain. n reality, the anonymity set is much smaller as older addresses are less likely to be in use. However, this is as large as the anonymity set for any public blockchain can become as a transaction must be recorded.Zcash also allows for transparent transactions, which do not provide any privacy protections at all. This is due to shielded addresses lacking certain features (such as multi-signature wallets) and the hardware requirements to generate a shielded transaction (a copy of the blockchain and ~3GB of RAM). It is thus possible to correlate transactions when a transparent address sends a given amount to a shielded address and later transfers that amount to another transparent address.It is also possible for a network adversary observing IP addresses to correlate transactions. VPNs, Tor, and I2P can be used to hide IP addresses and there are ongoing efforts to enable Tor by default. Zcash differs from most cryptocurrencies in that the monetary base required the generation of parameters that could be abused to counterfeit Zcash if "toxic waste" created in the process was not destroyed. A compromise of the "toxic waste" would not impact the anonymity or security of individual transactions, it would only allow for secret inflation.This threat was mitigated by using a multi-party system in which six individuals would have had to collaborate to manipulate the currency.
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