Zcash Mining Profitability Surges Past Bitcoin

Zcash mining has seen a significant surge in profitability compared to Bitcoin mining. According to Grayscale Research, Zcash miners earn roughly twice as much per rig and four times more per megawatt hour than Bitcoin miners.

This increased profitability has led to a more than 2.5-fold increase in Zcash mining activity this year. The improved mining economics have also driven the value of ZEC, which has gained 14% over seven days and is currently trading at $1,168.43 on CoinGecko.

The strong performance of Zcash mining has not gone unnoticed, with some analysts warning that the price may be due for a correction. ArdiNSC notes that ZEC's rapid advance has pushed its price far above its cycle mean and that previous large rallies eventually reverted toward an acceptance range after similar extensions.