Sigominer S3

What is Equihash Mining?

In mining the miners perform complex calculations known as hashes, and each hash has a chance of yielding Zcash. The more hashes you perform, the more chances you have of earning Zcash with mining, you thus contribute to the security of cryptocurrency. Most people join a mining pool to increase their chances of earning Equihash coins. Mining pools pay for high value hashes known as shares. It mines with proof of work concept the original consensus algorithm in a Blockchain network.The primary purpose of mining is to set the history of transactions in a way that is computationally impractical to modify by any one entity. By downloading and verifying the blockchain, Zcash nodes or any other crypto that are able to reach consensus about the ordering of events in that cryptocurrency. Specialized miner Sigominer S3 are designed to solve extremely difficult math problems. If their solution is correct, they receive the right to add a new block to the blockchain. Once the network verifies that the problem was correctly solved, a new block is added to the blockchain and the miner is rewarded with Zcash currency.

Sigominer S3 mines Equihash Algorithm as it is a Proof-of-Work algorithm devised by Alex Biryukov and Dmitry Khovratovich. It is based on a computer science and cryptography concept called the Generalized Birthday Problem.Proof-of-work means that miners compete against each other using processing power to produce a new block on the chain. The first miner that succeeds completing the proper computation for each block is awarded with a network standard block reward and any fees for transactions they add to that block. Zcash uses a type of mining algorithm called Equihash.Equihash is a memory-oriented Proof-of-Work, which means how much mining you can do is mostly determined by how much RAM you have. Zcash relies on miners to add transactions to the blockchain. While all nodes in the Zcash network contribute to confirming the validity of transactions, it is the miners which take on the heavy lifting to secure the network. The cryptocurrency Zcash implements Equihash with n=200 and k=9. The Zcash coin halving will going to take place this year around november just like bitcoin zec 6.25 reward will become 3.125 Zec in simple words half of the current reward it will result fewer coins will be mined. This is likely it will drive demand of newer and faster mining as Sigominer S3.

Here are some of the things needed to start crypto mining of any coin:

Make sure you have the wallet of a specific coin that you want to start mining. Make sure a good miner that is specially built for this purpose. Remember mining any other algorithm with Equihash miner will not work. A specific miner of Equihash will mine Equihash supported cryptocurrency. Then you need to join crypto mining pool make sure that this specific crypto is supported. A mining pool allows miners to pool resources together and share the hashing power while splitting the reward equally according to the amount of shares they contributed to solving a block. When you decided to sell Equihash Zcash mined coins profit make sure to be a member of any trusted crypto exchange in which you can sell crypto profits easily.

The miner setup and configuration of Sigominer S3 Equihash Zcash miner is easy like any other crypto miner if you are new to mining and don’t know anything about mining make sure to contact us. For any problem and inquiry contact us we will be happy to serve you out.