Bitcoin is a digital currency which we can transfer very easily without involving a third party or a bank.It is decentralized currency peer-to-peer payment network, no one controls it. We can send bitcoin to anyone with very low transaction fees.Bitcoin can also be used for shopping and we can convert it into any other physical currency of the world. Bitcoin miner is a hardware which bitcoin manufactures for us. After having installed some software in it, we can configure it in mining.

After that, it is kept on 24 hours running. Then it generates bitcoin for us and that is our earning.

In the early days of 2009, A simple computer was used for bitcoin mining. Then in 2010 and 2011. Gpu Rig was used for bitcoin mining.

In 2013,a company (Bitmain) prepared a Model S1 180Gh/s by the name of Asic(application specific integrated-circuit) miner. Most Cost Efficient Monero XMR Miner there. Later on many upgrade models S2, S3, S4, S5, S7 and S9 prepared. Now latest model Antminer S9 speed is 14Th. As the hash rate increased on bitcoin network, Bitcoin mining became slow.

This process is called bitcoin difficulty. Because of bitcoin difficulty, Asic Bitcoin miner upgraded very fast. GPU Rig is also a hardware which we prepare after having assembled gaming graphic card, motherboard, risers, power supply. In the beginning, Gpu Rig was used for bitcoin mining. But, when bitcoin difficulty increased, it could not mine bitcoin any longer. However, litecoin had been introduced until then and Gpu rig started mining litecoin and dogecoin.

In 2014, many Altcoins were launched. Thus, many options were introduced in gpu mining and this business became safe. Now a days, gpu rig is being used for mining ethereum, classic, monero Xmr Dash or Zcash Zec Mining is a process in which a user is rewarded for his hardware’s work put in to help write on blockchain. When bitcoin came about being the creator Satoshi Nakamoto envisioned a fair distribution method to give btc as rewards who help secure the network. Since then mining has been running and is a race to mine bitcoins and altcoins such as Bitcoin Btc Ethereum Eth, Zcash Zec, Dash, Monero Xmr, Steem, library coins and many others that support CPU, GPU and ASIC mining. Bitcoin mining started in 2009 when the first block was mined by Satoshi himself. It is believed that the first 10 blocks were mined by him to test the network later on people like Steve Finney and Gavin Anderson jumped in to support the network.

Nheqminer - Currently fastest public CPU Equihash/zcash/zec miner. Claymore memory requirements A2BOX miner Gridseed A2 ASIC BIP 143. To The Latest Zcash (ZEC) Miners to Use for. Fastest zcash miner is Claymore’s.

In the early days btc was only mined with cpu, later on software’s such as cgminer and sgminer allowed you to mine with gpu allowed you to mine much faster. This was followed by ASIC mining (application specific integrated-circuit), which are specially designed hardware to mine a certain algorithm came into being.

This cause the bitcoin network to have the best hashing power and the strongest network in the world. However this also caused the difficulty to rise exponentially.

'each coin is created equally' one would have to wonder how competent ZCash is if ASICs come out already CPU Only? Then CPU and GPU Only? Then ASICs take over LOL if you cant trust the devs when they say 'the only way to mine it is' how can we trust them with the 'trusted set up'??????? Really leaves questions in my mind as to the future of ZCash. That and obviously their funders - at least bo shen - is not very competent when it comes to security. And he did not even get any advice from those he was investing in? One would again have to ask the question in regards to the developers of these coins - why they dont protect their investors BEFORE something happens, not after.

And if they are so fast to protect the face and reputation of someone who made mistakes (did it to themselves really by keeping so much online). How do we know they wont screw us all if one of these whales is not hacked in the future? How do we know they wont hardfork back to get the whale his funds back and therefore reverse all other transactions after the hack? I dont think we can trust them to help us.

We can trust them to help the whales and themselves, but the help probably stops there. Since it seems as though you have some sort of axe to grind with the Zcash developers you might want to get your facts straight. First of all, they have never said that 'Zcash would only be CPU minable' you can see in that blog post the entire goal of Equihash was to be resistant to 'custom hardware' ie: ASIC's. Zcash ZECg Mining. Many on the forums (including me) interpreted the Equihash algo as leveling the playing field between CPU and GPU to a low factor of 2-4x which did not turn out to be the case because of advancements in GPU power that took place after the paper was written. But to be fair to the Equihash guys, a good CPU can still do about 30Sols/s vs 280(?) for a high end GPU (which is only a difference of about 9-10x) it is alot more lopsided with other algos (like 1000x for SHA-256) on different coins, and to this day is still ASIC resistant which was the entire goal in the first place. As far as ASIC's being developed by anyone I would strongly advise sombody thinking of investing in such a hardware implementation to think again. The Zcash team has said they will change the algorithm if specialized hardware becomes a threat to decentralization and already have a Github issue pertaining to such.

Ok thats nice what would then stop a large chinse farm from producing asic's and not telling anyone about them? How could you counter that? You couldnt and you wouldn't even know - and they could quickly take over. You wanna reply to my comment on what I should change in my boshen comment? I dont think I was the one that insulted him I think his own stupidity insulted him it is not my fault that his incompetence and ignoance puts markets at risk for everyone else!

He is one of your funders, so if he is so careless in the future, it could really hurt those of us who mine and hold ZCash and I think that should be addressed and talked about openly it really shows how competent your investors are and I think that is a risk and worry for anyone involved in ZCash where has he been for the last month and a half? I dont see him on here helping people he just sits around and does nothing, he lets us do the hard work and takes his cut and in the future he is nothing but a liability and risk for us all im not to happy to be mining a fee to him considering he could end up screwing it up for everyone you said 'if i cant see' but i can clearly see what I said becuase I have screen shots of the entire conversation with you and zooko. And i clearly do not see where I 'attacked' bo shen, nor do I see where I said the attack was 'ok' can you please show me exactly what you are referring to? Cascadiacrypto: ZCash ASICs are not out and probably won't ever be Sounds like many of you haven't read my analysis of Equihash, funded by Zcash Co: ASICs are feasible, especially at the current Equihash parameters. The only unknown is whether there's sufficient perceived incentive for any team to go for the effort. The potential for Equihash parameters change plays a role here. There are plenty of 'ZCash ASIC' scams This might be the case as well.

Genuine possibility and even expectation of ASICs doesn't rule out the possibility and likelihood of scams, nor vice versa.