{"id":2656,"date":"2020-11-05T00:54:42","date_gmt":"2020-11-05T00:54:42","guid":{"rendered":"https:\/\/2miners.com\/blog\/?p=2656"},"modified":"2021-04-28T13:33:37","modified_gmt":"2021-04-28T13:33:37","slug":"zilliqa-dual-mining-vs-ethereum-regular-mining-2miners-pool-experiment","status":"publish","type":"post","link":"https:\/\/2miners.com\/blog\/zilliqa-dual-mining-vs-ethereum-regular-mining-2miners-pool-experiment\/","title":{"rendered":"Zilliqa Dual Mining vs Ethereum Regular Mining. 2Miners Pool Experiment"},"content":{"rendered":"

The 2Miners pool<\/a> lists 19 cryptocurrencies with 10 thousand online members. There is Ethereum with at least 4 thousand miners, Ravencoin, Bitcoin Gold, Zcoin, Ethereum Classic, and other popular cryptocurrencies. However, the pool often gets requests about adding Zilliqa that supports dual mining (mining two cryptocurrencies at the same time). We decided to put its profitability to test.<\/p>\n

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What Is Zilliqa ZIL?<\/h2>\n

Zilliqa is a blockchain project from the National University of Singapore. They describe themselves as silicon-smooth, speedy and cost-effective. Their goal is to catalyse and transform digital infrastructure across all global communities and industries. So they created “a scalable and secure platform for developers and enterprises who wish to build decentralised applications.”<\/p>\n

CoinGecko has been listing Zilliqa ZIL native token since February 2018 when the 2017 bull run fully ended. Despite the cryptocurrency market decline, the project survived and launched the mainnet in January 2019. Here is ZIL lifetime exchange rates.<\/p>\n

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The exchange rate is $0.018, which is 92% lower than the peak price of $0.23 on May 10, 2018. Market cap is $201 million, while 24-hour trading volume is over $23 million.<\/p>\n

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  1. The project features sharding that allows to scale and operate speedily, safe-by-design smart contract language called Scilla, and staking with a 28% annual interest rate (as of now).<\/li>\n
  2. Zilliqa also supports “eco-friendly dual mining.” ZIL mining requires only 1 minute out of every 2-3 hours, allowing you to dual-mine other chains at the same time. So the ecological footprint of ZIL mining is supposedly minimal (in theory).<\/li>\n<\/ol>\n

    Pools with dual-mining allegedly support offer a 10% advantage in profitability if you dual-mine. They invite miners to transfer their power thus earning more and helping the environment. That’s exactly what we were testing, dual-mining profitability.<\/p>\n

    What is Dual Mining?<\/h2>\n

    As you might guess from the name, dual mining means mining two cryptocurrencies at the same time, one of which is Ethereum. For example, you can mine ETH with Decred, Siacoin, Pascal, or Lbry. GPU load is higher, but so are the earnings.<\/p>\n

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    Dual mining was extremely popular in 2017 when mining was bringing unbelievably high profits. Today it’s less popular, but some projects still support it.<\/p>\n

    Zilliqa points out its three main advantages:<\/p>\n