How to Mine Firo Coin (ZCoin)?

Zcoin (now Firo) is a cryptocurrency that has implemented the Zerocoin protocol for the first time. The protocol was developed to serve as an extension for Bitcoin. It should have enabled completely anonymous transactions in the Bitcoin network. However, due to disagreements because of the protocol implementation, it has never happened. So, in 2016, as a result of a hard fork with Bitcoin, Zcoin was formed. Later, it was renamed to Firo. Now, the coin can be bought on many exchanges, including LetsExchange.

What Is Firo?

Firo is a former Zcoin. It is a cryptocurrency that focuses on anonymity. It is the first coin that fully implemented the Zerocoin protocol. It allows one party to make a statement valid without knowing any data about the party. It is possible thanks to coin burning. It works as follows:

• One party sends coins to another party.
• The Zerocoin protocol generates a serial number R, and a secret number S. They are used in a cryptographic function to create value V.
• The value V is sent to the public domain. So, the proof of the coin’s possession was provided but without submitting any data about the sender.
• After that, the protocol checks the connection of the value V with the serial number R, and if the result is positive, the user receives Zerocoins and can spend them.

Additionally, XZC coins are burnt, and instead, users receive Zerocoins which are new. Coins in the Firo network don’t have transaction history.

How Does Firo (Zcoin) Mining Work?

Firo is ASIC-resistant. So, it cannot be mined efficiently with ASIC devices. It can be efficiently mined with GPU and CPU.

The coin utilizes an MPT (Merkle Tree Proof) algorithm. With it, the coin aims at democratizing mining without sacrificing fast validations.

Here is what you should do if you want to try Firo mining.

1. Buy the needed hardware. Remember that Firo can be mined efficiently with GPU and CPU, not with ASIC miners.
2. Download the needed software to start your miner.
3. Install the software and configure it if needed.

Now, your miners are ready to work for you!

Does Firo (Zcoin) Mining Make Sense?

When miners started quitting the activity in 2019 due to increased expenses for Bitcoin mining, some specialists believed it would be the end of mining. However, newer cryptocurrencies, including Firo, introduced a new way to mine coins. Thanks to the new ASIC-resistant algorithm, Firo has offered miners an opportunity to mine profitably.

Best Firo (Zcoin) Mining Hardware (+ Hardware Requirements)

With the implementation of the new Merkle-Tree Proof protocol, Firo mining has become more complicated. It has discouraged many miners from Firo mining. However, if you get the needed equipment that meets the minimum requirements, your efforts will bring positive results.

You can mine ZCoin directly from your computer, you require at least 8GB RAM in your device. Ensure also that at least one core is available.

GPU mining also brings positive results. New NVidia cards are known to be efficient for this purpose. However, make sure you have at least 6GB or more onboard, along with an AMD card.

Best Firo (Zcoin) Mining Software

Zcoin has special software to mine coins. The following options are among the most recommended to mine the coin:

• Zcoin NVidia Miner for mining with NVidia cards
• Zcoin CPUMiner for CPU mining
• Zcoin AMD Miner for mining with AMD cards

Conclusion

Zcoin mining has potential thanks to its ASIC resistance and low energy consumption. Along with these benefits, we shall consider that the project is aimed at providing the total anonymity of every transaction. While now the Zcoin price isn’t high which lowers the mining profitability level, it might start growing in the future. Then, Zcoin mining might become highly profitable.

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