Zcash Mining Rewards Outpace Bitcoin

Grayscale compared mining revenue from Zcash (ZEC) to Bitcoin (BTC), finding that a single Zcash mining machine generates roughly twice the daily reward of a Bitcoin mining rig.

On a power-efficiency basis, revenue per megawatt-hour is about four times that of Bitcoin. This difference in rewards may be due to the varying hardware used for each network, with Grayscale noting that direct comparisons can be difficult.

Total Zcash mining activity has increased by more than 2.5 times this year, according to Grayscale's estimates based on standardized hashpower. Improved profitability could lead to a virtuous cycle of attracting more miners and strengthening network security.