Zcash Surpasses Bitcoin in Mining Profitability and Price Growth

Zcash has been gaining traction in recent months, and its mining profitability is one of the key factors driving this growth. According to Grayscale's head of research Zach Pandl, Zcash mining rewards are two times higher than those of Bitcoin per mining rig.

In fact, Pandl noted that Zcash mining rewards are 4 times higher per megawatt-hour than Bitcoin's. This has led to a surge in the Zcash hash rate, which has risen from as low as 17.6 Gsol/s to as high as 28.3 Gsol/s in the last three months.

Zcash's price action has also outperformed Bitcoin over the same period, with a 174% rally compared to Bitcoin's 31%. This suggests that Zcash is not only more profitable for miners but also for holders.