ZelCash (ZEL) is an anonymous cryptocurrency that has been forked from ZCash (ZEC), but has since been evolving into a kind of a multi-functional crypto ecosystem. Initially the project used the Equihash algorithm that ZEC used (Equihash 200,9), but has since forked to Zhash (Equihash 144,5) and most recently a couple of months ago switched to the ZelHash (Equihash 125,4) algorithm. Meanwhile ZelCash has also been apparently renamed to just Zel, though it is still been widely refered to as ZelCash on most places. Currently ZelCash (ZEL) is ranked at 457th place by CoinMarketCap with a market cap of sub 5M USD and a daily volume of more than half the total capitalization.
ZEL has getting some attention lately and we have decided to check out mining it once more with the new algorithm and give you some helpful information should you decide to try mining it as well. The Equihash 125,4 algorithm called ZelHash is not as widely supported as other Equihash variations out there, though it is available for both AMD and Nvidia GPU miners. It is not available on NiceHash for the moment, though the algorithm is available at MiningRigRentals which can be used to your advantage where you might want to sell your hashrate if more profitable to mine directly ZEL.
The largest mining pool for ZEL is 2miners, though you can check what other pools with support for the ZelHash algorithm for ZelCash are available on MiningPoolStats. For AMD GPU mining you can only use the lolMiner closed source OpenCL miner with 1% developer free built-in. Nvidia GPU miners have more options with ZelHash supported by both the GMiner CUDA closed source miner with 2% developer fee built-in or the alternative miniZ CUDA closed source miner also with 2% dev fee. Our quick tests are showing that performance wise the miniZ miner does seem to be faster in terms of hashrate, though stability wise it is not as good as GMiner, so if using the miniZ miner make sure you use a loop when running the miner software.
– For more details if you got interested in the ZelCash (ZEL) crypto project…