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20 Days
Antminer S19Pro 20Days
BTC-Activity
Service Fee
The service fee refers to the operation and maintenance expenses incurred by 1024Mining to ensure the stable operation of the mining machine.
$0.0439/TH/Days
Hashrate fee
Cloud computing power fees refer to the fees paid when purchasing computing power through cloud services.
$0.0298/TH/Days
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The Bitcoin Cash
fork has been completed.
Days
Hours
Minutes
Seconds
Date:
15 November 2020, 12:00 UTC
786,240
event block height
2,400,218
current block height
60.0
block time
BTC0.00000108094...
Trading price
GRIN 3.12 m
total market
422.183 k
difficulty

What is a Zcash block halving event?

Block halving event happens every 4 years on Zcash blockchain. Zcash’s initial block reward was 12.5 ZEC , new block reward will be  3.125 ZEC . The block reward splits every 4 years ( 840,000 mined blocks ). This lowers the rate at which Z cash is generated. The halving is periodic and is programmed into Zcash’s code.

Why was this done?

Conventional FIAT currencies allow governments or banks to print money and cause inflation. In Zcash’s case, the total supply will be maxed out at 21,000,000 ZEC . Printing extra money causes inflation, if there is no extra money printed, the value of the Zc ash should increase as the demand will rise (more people will start to use Zcash) and supply will lower or stay flat (no more Zcash are “printed”). This makes Zcash similar to gold, which has limited supply and cannot be “printed” or artificially created.

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