Good news for GPU mining machines: New coin YEC lands on F2Pool

Good news for GPU mining machines: New coin YEC lands on F2Pool

This time, the Ycash (YEC) mining pool is launched on the fish pool.


YEC is a new blockchain network generated by forking the privacy-focused cryptocurrency Zcash (ZEC). As a network independent of ZEC, YEC will be the first product of its kind with almost the same code base as the ZEC blockchain and will become a competitor to ZEC.



YEC is a friendly fork of ZEC, which occurred at block height 570000 (approximately July 18, 2019). It supports general hardware CPU and GPU mining, and 75% of YEC will be mined by PoW before the second halving, after which it will partially or completely switch to the PoS consensus mechanism.



Basic Information


Official website: https://www.ycash.xyz/

Block Explorer:

https://yec.zcha.in/

algorithm: Equihash 192,7

Total amount: 21 million

consensus: PoW

Block time: 150s

PoW block rewards: 12.5 YEC


Exchange:

Citex:

https://www.citex.co.kr/#/trade/YEC_BTC

Tiger Talisman:

https://hoo.com/trade/yec-usdt



Mining Information


Mining machine: Graphics card mining machine

Mining address:

stratum+tcp://yec.f2pool.com:4500


YEC Fishpond official QQ group : 701912198


Mining tutorial:

https://blog.f2pool.com/zh/mining-tutorial/yec




Benefit Comparison


Currently, YEC can be mined using RTX 2080 8 cards, and the mining income exceeds all other currencies.


Data source: F2Pool App homepage - Mining machine income [2019-08-15]



YEC Features

1. Strong ASIC resistance
ZEC has already been ASIC-ized, and using graphics cards to mine it can no longer cover the cost. As a graphics card currency, YEC will improve the Equihash mining algorithm currently used on the ZEC network, which means that ASIC mining will be prohibited on the YEC network.

2. Founders reduce reward rates
YEC will reduce the founder’s reward rate. On the ZEC blockchain, 20% of the block rewards are awarded to the development fund. On the YEC project, this ratio will be reduced to 5%.

3. Clearly distinguish from ZEC addresses
Made cosmetic changes to the address formats of ZEC and YEC. To prevent users from mistakenly sending ZEC to a YEC address, addresses will all begin with "y" instead of "z".



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>>:  The most detailed YEC mining tutorial on the entire network

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