What is BitcoinZ (BTCZ)?
Introduction
The coin we will be stomping today is BitcoinZ or (BTCZ). We have wanted to write about this coin for a while now, as its popularity is starting to increase; we need to do our part and spread the good word. BitcoinZ is a fork of Bitcoin that aims to enable zero-fee transactions and faster block times. The cryptocurrency started as an educational project and has grown in popularity since the coin’s whitepaper launch on September 9, 2017.
BitcoinZ is a fork of Bitcoin that has a few changes to the code that make it more decentralized and secure. It has a larger block size than Bitcoin, which makes it easier to transact quickly and cheaply. The team aimed to create a coin with the best aspects of BTC and ZClassic (another fork).
The reason for forking BitcoinZ is that its development team abandoned ZCL after being delisted on many exchanges due to its meager price ($3-$5). BTCZ’s supply is limited 21 billion coins but with faster transaction times than Bitcoin thanks to its larger block sizes (8 MB vs. 1 MB). BitcoinZ has tremendous speed at 2MB every 2.5 minutes.
Furthermore, BTCZ is a 100% mineable coin, and since it is still new in the crypto world, the network difficulty for finding yourself a block is low. We have mined just over 160 blocks here at CoinStomper and continue to point our miners in the BTCZ pool while the difficulty is still solvable.
The mining algorithm similar to BTC gets halved every four years as well. You may find a block easily and get a reward of 5,848 BTCZ; however, when the blocks get split, the mining rewards do as well, and the difficulty of finding new coins increases. Your 5,848 BTCZ is now 2,924 BTCZ and much more challenging to find. The algorithm is a driving factor in the face value of the coin as a whole and will most certainly continue to drive up as the years pass. The price could also be influenced by the sheer volume of holders increasing.
BitcoinZCan anyone mine BitcoinZ?
Yes, of course! BitcoinZ (BTCZ) is mineable on the Equihash Zhash algorithm and can is mineable with most modern video cards using software such as gminer. There are a few options available when it comes to choosing a pool. We prefer to point our miners towards solopool as we like to find blocks selfishly for ourselves. Please see the below links for more details on how to mine BTCZ. On a side note, if you are entirely new to the world of mining and are interested in how it works, you can check out our mining guide by clicking here.
- Mining Software –
-If you have an Nvidia graphics card, the recommended software is Gminer.
-If you are using an AMD graphics card, the recommended software is lolMiner.
(Ensure that you have proper cooling and if your cards are overheating, look up the best clock settings for your graphics cards to ensure they do not cause an unwanted fire.)
- BTCZ Mining Pools –
There are, of course, many other mining pools you could join; you can find a complete list here.
Bitcoin Z Data/Price History
Before investing in any unknown cryptocurrency, it’s always best practice to research a coin’s history and price points. Below you will find some quick stats/data to thumb through the data history for yourselves. Our data is updated live in real time.
- BitcoinZ
(BTCZ) - Price $0.000079
- Market Cap
$980.9 K
How Do You Buy Bitcoinz (BTCZ)?
BitcoinZ (BTCZ) is available on various exchanges, for a more in-depth analysis and to see which exchanges BitcoinZ (BTCZ) is avaialbe through currently, please check out our live data.
BitcoinZ (BTCZ) Wallets!
If you invest in this great coin loaded with potential, you’ll want a secure wallet to store it in! Of course, many wallets are available; we’ll list a few we recommend in the links below. Please check this link for a more in-depth version of wallets capable of storing BTCZ.
Conclusion
Bitcoinz (BTCZ) is a sleeping giant, in our humble opinion. Following the source code will let you know that this coin’s value should only increase over time. This makes it a sound choice to invest in! Did we mention how fun it is to mine with your video cards? Overall we are optimistic about BitcioinZ, and it’s future! Until it becomes impossible to find a block, we’ll keep our Stompy miners pointed at BTCZ pools (We’ve mined two blocks just in the time it took to create this article.)
We encourage all of our readers to research more into all BitcoinZ has to offer!
UPDATE 1/24/2023!
Excellent news for BTCZ and the entire BitcoinZ community! BitcoinZ (BTCZ) is being listed on the major exchange CetoEX on 02/02/2023, according to a recent tweet from the platform. What does this mean for BTCZ? More daily volume, more recognition, an easy path to investing in BTCZ, and a LOT of attention. This could be a prime opportunity to stock up on your BTCZ early before the massive traffic boost this is sure to give. Not to mention, being listed on a major exchange like CetoEX paves the way to be listed on other major exchanges such as Binance and Coinbase. This is exciting news for the entire BTCZ team.
