Why Zcash Vs. Bitcoin?
Zcash is a reasonably new cryptocurrency that anyone can get started with right away. It's a straightforward system that is designed for everyone. You don't need to download any blockchain technology like you do with other cryptocurrencies. It's much simpler than that. You can mine directly into your exchange or to another wallet like a ledger nano s or trezor. It's crucial however that you always do your diligence and ensure your coins are supported before you start mining.
Something to remember is that Zcash features a heightened sense of security. It works by encrypting the information within the shielded transactions.
As far as payment information isn’t visible due to encryption, it uses a strictly cryptographic method. The team behind Zcash made a system that proved to surpass any of the current cryptographic developments. When you use Zcash, the system is similar to Bitcoin. One of the significant differences between the two BTC and ZEC is that if the address starts with a T in BTC, it's transparent; but for Zcash the letter is a Z. You can also use Zcash with zero-knowledge proofs and a shielded address. Zcash works through multi-signature transactions, but they don’t include enhanced privacy.
What Makes Zcash Unique Vs. Other Cryptocurrencies?
Here are some reasons why Zcash is different than the rest of the other cryptocurrencies:
· First, Mining with Zcash is one of the best ways to make money and support buying more equipment like some high-end GPUs.
· Also, Zczsh is one of the most accessible coins to trade for BTC. It's one of the cheapest ways to slowly build your Bitcoin base and hold a position within the cryptocurrency space. A lot of very influential people are ruthless with the future of Bitcoin prospects.
· BTC is easily sold for Fiat, so mining ZEC is a great way to fill your bank with extra cash gained from selling BTX. ZEC is also commonly sold on a lot of major exchanges.
· Another critical factor is that mining can be a very cheap ticket to enter the Zcash market. They are loved by traders for their high volatility. As long as you learn how to trade the right way, you’ll be able to maximize your profits entirely.
· Lastly, since ZEC has been released on the market, it's been one of the highest priced altcoins around. It's even gone toe to toe with major players like Ethereum and peaked over $400 a coin.
Live Zcash (ZEC/USD) Price Chart
Best Zcash Trading Strategies
If you have Nvidia cards, you can mine Zcash. AMD is the best for mining, but NVIDIA GPUs are still very profitable when it comes to mining with ta EWBF miner. The EWBF miner is exceptionally optimized to get the most lucrative performance out of Nvidia's Cuda cores.
Even setting up a miner, downloading it, configuring your operating system and running the batch file should only take about twenty minutes or so.
Securing a stable ZEC position through mining will also give you the opportunity to take advantage of the price appreciation that will occur in the future. There will be less risk than if you merely started buying ZEC.
Mining and holding virtual currencies is also similar to buying low and selling high. The only difference is that most of the buyers who start don't perform any technical analysis and end up exchanging at the wrong time. They tend to buy high when a parabolic price increase happens and then sell low when a regular price happens.
Another thing is that buying gear gives you the ability to own an asset that is proven to produce income. The gear itself is extremely valuable and even sells well aftermarket - even appreciating. For example, many GPUs bought in 2015 and 2016 were sold for profits in 2017. The demand on the market is exceptionally high.
The are several benefits as you can get your gear to make you money and then sell it after you reach your target for an incredible amount of money. Usually, you can even make your money back or profit entirely from the selling any cryptogear.
Of course, the first thing you need to do to make money is to get yourself a Zcash wallet address. You’ll need a place to send all your coins that are mined and or that you are looking to trade on an exchange. Other than that, Zcash operates very similarly to many of the other cryptocurrencies.