Zcash is so popular, but the hashrate is doing this

Last week, Bitcoin became popular again due to its rising price, breaking through 5,000 RMB and setting a new high this year. Although the sharp rise in Bitcoin prices has attracted the attention of many people again, it has not overshadowed Zcash. This digital currency based on blockchain technology has achieved complete anonymity and has not started mining. However, the futures price of Zcash is nearly twice that of Bitcoin.

No smoke without fire

Founded in 2014, Suanliba was once a well-known company in the digital currency industry. It is a blockchain cloud computing platform jointly invested and operated by Bit International, BitBang, and BitHub, and has a strong technical team. In 2016, Suanliba was wholly acquired by Chengdu BitQuan Technology Co., Ltd. for 5 million yuan.

After the reorganization , the Algorithm Bar is entering the Zcash market , facing the world and directly competing with companies providing Zcash cloud computing services such as Genesis Mining and Toomim Brothers.

On November 1, 2016, the Zcash1711 zero-coin computing power contract product was launched on the hashrate bar, which is divided into four levels. Users can choose to subscribe to the product according to their needs. After subscribing, they can enjoy mining benefits. After November 30, users can trade computing power in a T+0 mode.

The computing power bar also provides two-way trading and leveraged trading. Users can buy and sell computing power when it rises or falls, and can also obtain higher profits through leverage.

     In addition, Algorithm Bar also has a capital preservation contract, that is, if the user fails to recover the cost within the contract period, Algorithm Bar will renew the computing power for free to ensure that the user will not lose money.

Zcash, which adopts the POW mining model, is not only very attractive to professional miners, but also to general followers who want to catch up with this gold rush in time. The subscription of Zcash computing power on the computing power bar not only lowers the technical threshold for users to invest, but also the large-scale professional mining field deployment saves users from a series of problems such as purchase, transportation, and maintenance of mining machines, thus reducing users' investment risks. The transaction of computing power can increase the liquidity of this "asset certificate" in the hands of investors. Through buying and selling, the computing power bar meets the needs of users to pursue maximum profits.

Personal experience starting point

Wang Ruixi, CEO of Hashbar, has a keen sense of business. He has worked in the digital currency industry for three years, starting as a webmaster of a Bitcoin navigation website and working as a salesperson for a domestic mining machine manufacturer. Wang Ruixi has always had unique insights into digital currency mining. Later, Wang started his own business and became a professional miner.

Figure: Algorithm Bar cooperative mining farm

IDC standardization is a word that Wang Ruixi often mentions. If the existing operation mode of specialized computer rooms is applied to the blockchain industry, the efficiency of mining will be greatly improved and the industry will become more standardized. Acquiring computing power is the starting point of Wang Ruixi's experience and also a new starting point on the road to entrepreneurship.

As of press time, HashPower has opened Zcash hashrate subscription for 10 days. Once the hashrate subscription is completed at any time before November 30, hashrate trading can be started.