Category: Zcash Foundation

Zcash Foundation Cuts Q1 Spending 17% to $2.7 Million – ZEC Tanks 9% in 24 Hours

Zcash Foundation Cuts Q1 Spending 17% to $2.7 Million; Coin Tanks 9% in 24 HoursThe Zcash Foundation cut spending by 17% during the first three months of this year due to Covid-19 pressures. In its first-quarter report, the foundation said it spent only $2.68 million from an initial budget of $3.24 million. The report says: Our budget reduction primarily stems from cancelling Zcon2 and reduced travel expenses. Zcash is […]

The post Zcash Foundation Cuts Q1 Spending 17% to $2.7 Million – ZEC Tanks 9% in 24 Hours appeared first on Bitcoin News.

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Zcash Community Votes to Distribute 20% of Mining Rewards to Infrastructure Development

Zcash Community Votes to Distribute 20% of Mining Rewards to Infrastructure DevelopmentThe Electric Coin Company, a group that supports the development of Zcash (ZEC), announced the community has voted to distribute 20% of the ZEC network’s mining rewards to infrastructure and marketing development. The ZEC development funding proposal was initiated because the coin’s Founder’s Reward expires in November and after block 1,046,400, ZEC miners will only […]

The post Zcash Community Votes to Distribute 20% of Mining Rewards to Infrastructure Development appeared first on Bitcoin News.

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Study Reveals ASIC Miners Represent 30% of the Equihash Mining Hashrate

Study Reveals ASIC Miners Represent 30% of the Equihash Mining HashrateThis week the Zcash Foundation and researchers from the University of Luxembourg have released a study that finds the presence of ASIC and FPGA miners may be controlling around 30 percent of the overall Equihash mining hashrate. The study speaks volumes to cryptocurrency developers and communities who have attempted to produce proof-of-work mechanisms that were […]

The post Study Reveals ASIC Miners Represent 30% of the Equihash Mining Hashrate appeared first on Bitcoin News.

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