Zcash Mining Highly Profitable: Grayscale Says Rewards Beat Bitcoin 2x
Key TakeawaysGrayscale estimates Zcash rewards at twice Bitcoins daily rewards per rig.Zcash mining activity has increased more than 2.5 times this year.Electricity, equipment, and operating costs shape actual miner profits. Grayscale Details Zcashs Mining Advantage Zcash miners can earn roughly twice the daily rewards per machine compared with Bitcoin miners under Grayscale‘s latest estimates. Grayscale Head of Research Zach Pandl outlined the comparison in a Sept. 11 analysis, linking stronger token prices to higher mining rewards. The crypto asset manager estimates that Zcash’s advantage reaches roughly four times Bitcoins rewards per megawatt-hour of electricity. Pandl said: “At current valuations, Zcash mining can be highly profitable. This is encouraging more mining activity which in turn supports network security.” Both networks use proof-of-work mining, a process in which specialized computers compete to earn rewards and add blocks of transactions. Grayscale argues that higher Zcash prices encourage more computing power to join the network, strengthening its security. The firm suggests that this improvement may help sustain higher prices, describing a potential reinforcing relationship. Zcash mining activity has grown to more than 2.5 times its level at the start of the year, according to Grayscale. Electricity and Equipment Shape Mining Returns Grayscale‘s comparison uses the Bitmain S23 Hydro for Bitcoin and









