Demand for Zcash Mining Grows as Blockchain Launch Approaches

With less than a month to go before its launch, momentum is continuing to build around Zcash.
The much anticipated anonymous cryptocurrency project gained a big ally today in hosted mining company, Genesis Mining, which announced that users would soon be able to mine for the digital currency. With the news, customers can now buy miners operated by Genesis, which offers similar services for bitcoin and ethereum.
But while the genesis block for the Zcash blockchain won’t launch until 28th October, the product offering can be seen as evidence that interest in the technology, first announced in 2014, is continuing to grow.
Marco Streng, CEO of Genesis Mining, explained that his interest lies in how the Zcash could complement other blockchain projects. For a cryptocurrency to be viable, he argued, it needs to be fungible (ie one bitcoin has to be indistinguishable from any other) and if there is no privacy, there is no fungibility.

This post was published at Coin Desk on October 5, 2016.