What is a Zcash block halving event?

A Zcash block halving is an event that happens roughly every 4 years.

It lowers the rate at which Zcash is generated and is programmed into Zcash's code.

Zcash's initial block reward was 12.5 ZEC, the current block reward is 3.125 ZEC and the new block reward will be 1.5625 ZEC. 

The previous Zcash halving date was on the 18th of November 2020 and this will be the 2nd halving of Zcash, not counting the Blossom upgrade which reduced the block reward from 12.5 ZEC to 6.25 ZEC.

Why was this done?

The rationale behind Zcash's halving is to create a scarcity effect, akin to that of precious metals, ensuring ZEC remains a valuable and sought-after asset. It aims to balance supply with demand, supporting the cryptocurrency's value over time.

Zcash and NiceHash

NiceHash seamlessly integrates with Zcash, offering users versatile ways to engage with the crypto mining and trading ecosystem. Here's how NiceHash enhances your Zcash experience:

• Buy hashrate: Use the NiceHash marketplace to purchase mining power, making it easy to mine Zcash or your favourite cryptocurrencies without owning physical hardware. Learn how to easily buy hashrate here.
  
  
• Sell hashrate: Earn Bitcoin by selling your Zcash(Equihash) mining power on NiceHash, simplifying how you receive your rewards. Learn more here.