Zcash Mining Profitability Surges Past Bitcoin

Zcash mining has become significantly more profitable than Bitcoin mining on an individual basis. According to Grayscale Research, ZEC miners earn roughly twice as much per rig and four times more per megawatt hour than Bitcoin miners.

The increased profitability has coincided with a more than 2.5-fold increase in Zcash mining activity this year. This growth is partly driven by the improved mining economics of Zcash, which have been strengthened alongside its token price.

Grayscale Research estimates that total Zcash mining activity has risen more than 2.5 times this year as profitability improves. The improved returns per rig and megawatt hour for Zcash miners are driving increased network activity and adding computational power to the network, thereby strengthening its proof-of-work security.