RATE Group | Japanese Tech Firm GMO Releases ‘Free’ Zcash Mining Software
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Japanese Tech Firm GMO Releases ‘Free’ Zcash Mining Software

29 Sep Japanese Tech Firm GMO Releases ‘Free’ Zcash Mining Software

Posted at 23:36h in Cryptocurrency News by

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zcash cryptocurrency mining

Japanese tech firm GMO is expanding its nascent cryptocurrency mining operation beyond bitcoin through the release of a software client designed to mine zcash and other Equihash-based cryptocurrencies using general-purpose GPU chips.

Japanese Firm Releases Zcash Mining Software

Dubbed Cryptoknocker, the software has specifically been developed for mining rigs composed of Nvidia graphics cards (GeForce 8 or later).

While the software itself is free, GMO wants a cut of the proceeds generated through it, namely, two percent of the coins users mine while running the client. GMO says that this fee is offset by a two percent efficiency improvement over other Equihash mining clients.

Though used by a variety of cryptocurrencies, Equihash is most often associated with the privacy-centric zcash, currently the 21st-largest coin by market cap. Like several other mining algorithms, it was developed to be ASIC-resistant, ensuring that it could be mined without specialized hardware only…

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