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Thursday, December 1, 2016
Less Than 100 Blocks Remain Until the End of the ZEC Slow Start Mining
In a couple of hours the initial slow start of mining for Zcash will finally be over after a bit over a month since the official launch of ZEC. There are already less than 100 blocks remaining until we reach the 20000 block where the block reward gets to the full 12.5 ZEC. So if you were mining and selling up until now in order to get the maximum out of the slow start phase of mining, now you may also consider the option about mining and holding some coins long term as well. That of course is not a sure strategy for making profit, but sounds like a reasonable idea considering the fact that there is still a lot of interest in Zcash and after some time it may start going up in terms of an exchange rate. At the moment the exchange rate of a single Zcash coin is at about $63.6 USD and it has been pretty stable lately even with the slowly increasing block reward until it reaches the full 12.5 coins per block. Some people consider that this is still a pretty high valuation for ZEC at this point in time, but then again it is also up to the market to decide what is the actual value of the ZEC coins. There is the chance that the value may drop or rise up, so be careful what are you deciding to do after the finish of the slow start of mining phase…
– To keep a track of how things are moving with the Zcash using the Zchain explorer…
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