Blockchain Experts: Mine ZCash But Be Cautious
Despite the controversy that trailed its release, and it being considered as a risky investment, Hashflare has just announced that Zcash has entered the list of its mining contracts.
Though some exchanges have put the first permissionless decentralized cryptocurrency that allows users to completely hide not only the value of their transactions, but also their identity to trade on their platforms. However, while a few cloud mining sites agreed to offer mining services for the currency, the best way to acquire the new currency is by mining until enough tokens become available on exchanges.
According to BitClub’s Joby Weeks, Zcash has been one of the most anticipated projects in the digital currency industry in the past year. He says to Cointelegraph:
‘They have assembled a dream team of top cryptographers and security experts who came together to build the most secure and private Blockchain imaginable.’
Hashflare in its announcement says:
‘While many consider Zcash a censorship-free solution to Bitcoin publicity issues, we are also evaluating it as another crypto-investment mining possibility.’
This post was published at Coin Telegraph on 2016-11-03.