Zcash Mining Rewards Surge: Can Buyers Sustain Momentum at $1,500?

Zcash mining rewards have surged to around $2 million per day, making the network increasingly attractive to miners.

According to Grayscale Research data, Zcash mining rewards are roughly twice as high per mining rig and about four times higher per megawatt hour compared to Bitcoin.

This gap has contributed to a significant increase in total Zcash mining activity, which has risen more than 2.5x this year.

The rising mining profitability and stronger investor accumulation have pushed the price of ZEC sharply higher, reaching $1,300 recently.

However, the current volatility leaves uncertainty about whether buyers can sustain the momentum or if the latest rally is running out of steam.