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Bitmain launches the Antminer Z9 mini to mine Zcash [ZEC]

Arjun B

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BITMAIN LAUCHES the Antminer Z9 mini to mine Zcash [ZEC]
Source: Flickr

On Wednesday, 2nd April 2018, Bitmain Technologies Ltd launched the “Antminer Z9 mini” cryptocurrency mining hardware product which is based on the Equihash algorithm. Equihash the Proof-of-Work [PoW] mining algorithm is used by various privacy-oriented cryptocurrencies such as Zcash.

Bitmain is a crypto mining hardware manufacturer based in Beijing, China. Bitmain is a manufacturer of Bitcoin mining equipment and designer of Application Specific Integrated Circuit [ASIC] chips. The manufacturing firm operates Antpool which is one of the largest Bitcoin mining pools.

Zcash [ZEC] is another decentralized and open-source cryptocurrency which offers its users privacy and transparency during transactions. Zcash payments will be published on a blockchain which is public.

Zcash uses Equihash [PoW] to prevent the progress of Zcash ASIC miners. Zcash has been mined using computing hardware with some general-purpose GPU chips, which are widely used among PC gamers. Zcash is looking to set a new benchmark in privacy.

According to the official website of Bitmain, Shipments of the Antminer Z9 will commence from the June 2018. The product is now available on their official website. Antminer Z9 is priced at $1999 by Bitmain.

Bitmaintech has tweeted in relation to the launch of Antminer Z9 mini:

“they are pleased to announce the launch of Antminer Z9 mini, which is an ASIC miner to mine various #Equihash-based cryptocurrencies. Order here in their website (https://goo.gl/fqzDLV )till stock lasts! #AntminerZ9.”

Zooko Wilcox, the Founder of Zcash says that:

“he is really chagrined that he let it sound like they were committing to a social contract of ongoing ASIC-resistance. It was never what he had intended to commit to because he always had thought that it would probably become impossible in the long-term, He had always believed that there would be fundamental trade-off between the widespread distribution of the coins on one hand and the miners having a low -cost investment into the coin on the other hand, and it might eventually prove to be very important for the “attack-resistance and network stability.”

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