Zcash Mining Surges Fourfold in Profitability Amid Price Rally

Zcash mining has become increasingly profitable due to the cryptocurrency's rising price. According to data from Grayscale, Zcash miner rewards are roughly twice as high per mining rig and four times higher per megawatt-hour compared to Bitcoin miners.

The network activity of Zcash has also increased significantly by 2.5 times since the start of the year. In contrast, Bitcoin miners' total daily rewards stand at around $35 million, while for Zcash they are approximately $2 million.

Grayscale's head of research, Zachary Pendle, noted that due to strong token price performance, Zcash mining has become highly profitable, encouraging more mining activity and reinforcing network security.