ZEC Price Surges as Mining Profitability Reaches New Heights

Zcash has entered a volatile phase after recently reaching $1,300, but rising mining profitability is giving the asset another bullish angle.

The miner rewards for ZEC sit near $2 million per day, far below Bitcoin's roughly $35 million. However, when looking at mining economics, the story changes.

According to Grayscale Research data, Zcash mining profitability is on the rise. The increasing revenue from mining ZEC is a significant factor in its price stability and growth prospects.