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What is mining zec coin (zec coin mining cost)

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What is mining zec coin (zec coin mining cost)

What is a mining zec coin? It is a new way to conduct Cryptocurrency transactions by using blockchain technology and smart contracts. It is called ZEC on the Bitcoin network The concept of mining Zec coins (ZEN) originated from a recent statement released by the Zcash Foundation, which stated that after ZCash officially launched its main website on August 14, 2018, the price of ZEC briefly dropped to around 0.000005 yuan per coin. As one of the important components of the Zcash ecosystem, ZEC is also the most important part of the entire industry. According to relevant sources, many people in the market have already chosen to mine ZEC tokens

Zec coin mining cost

According to coinmarketcap data, ZEC’s market value is approximately $3.57 billion. The current mining cost is around $1 The price of Zcash is based on the POW algorithm, with a total issuance of 21 million tokens. 50% of them are supported by zk SNARK; 10% will be used to motivate miners to participate in network governance and reward node operators; 20% will be allocated to stakeholders such as the agreement team or core contributors (such as exchanges), and 15% will be allocated to early investors. In addition, due to the fact that transaction fee income comes from development costs, block subsidies, and other factors, some mining companies may choose not to pay operating fees to promote the development of the ZEC ecosystem.

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