A big bet on Zcash
The announcement makes Cypherpunk a major player in the Zcash ecosystem. The company said its fleet is the largest of its kind, though it did not provide details on the number of machines or the location of its operations. The 18% hashrate share gives Cypherpunk a substantial slice of the network's computing power, which is used to secure transactions and mint new coins.
Zcash, a privacy-focused cryptocurrency, relies on a proof-of-work consensus mechanism. Miners compete to solve complex mathematical problems, and the winner gets to add a new block to the blockchain and receive a reward in ZEC. The more hashrate a miner controls, the higher the chance of winning those rewards.
What the hashrate share means
Hashrate is a measure of the total computing power dedicated to mining a proof-of-work cryptocurrency. A higher hashrate generally means more competition for block rewards, but also a more secure network. With 18% of Zcash's hashrate, Cypherpunk is now a
