Zcash Crushes Bitcoin in Mining Profits and Price Action

Grayscale's head of research, Zach Pandl, recently made a statement that piqued interest among observers. He noted that Zcash crypto mining was more profitable for an individual than Bitcoin mining, despite Bitcoin having higher miner rewards at $35 million per day. In contrast, Zcash mining had $2 million in aggregate miner rewards, but with twice the rewards per mining rig and four times higher rewards per megawatt-hour compared to Bitcoin.

This has led to a surge in the Zcash hash rate, which rose from as low as 17.6 Gsol/s to as high as 28.3 Gsol/s over the last three months. Meanwhile, Zcash crypto price action outperformed Bitcoin's over the same period, with a 174% rally compared to Bitcoin's 31% gain.

Bitcoin dominance cooled substantially from June to September 2025, hovering between 58% and 60%. In contrast, ZEC crypto has been climbing the ranks in terms of dominance, with its peak at 0.80% in March 2025.