Zcash Price Surge Fuels Mining Boom and Record Hashrate
Zcash's price has seen an impressive surge in recent weeks, reaching $979 on Thursday and rising nearly 17% over the last day. This significant increase in value has fueled the Zcash hashrate, with the network's computational power operating at 91% of its all-time high.
The rise in profitability has put pressure on mining rigs, with Bitmain's Z15 Pro miner being the most profitable ASIC miner currently available. The Z15 Pro produces 840 KSol/s and is estimated to make around $59.09 per day at current prices, while the older Antminer Z15 produces 420 KSol/s and earns approximately $29.25 per day.
The increase in mining profitability has been so significant that it's not just about a privacy vision, but rather what makes money. The fact is, Zcash's mining rewards are quite profitable, and it's natural for hashpower to pour in at a massive rate.