According to Grayscale's research director Zach Pandl, Zcash mining profits have surged significantly due to the strong performance of ZEC prices. Data shows that the total daily miner rewards on the Bitcoin network are approximately $35 million, while for Zcash, it is about $2 million. However, the daily earnings per mining machine for Zcash are about twice that of Bitcoin, with earnings per megawatt-hour being approximately four times higher, even surpassing some AI/high-performance computing cloud services. The high profits have driven an increase in mining activities, with Zcash's total hashrate growing over 2.5 times this year, creating a virtuous cycle of 'rising coin prices → increased mining → enhanced network security → supporting coin prices.' The calculations are based on an electricity price of $0.05 per kilowatt-hour and the Bitmain Z15 Pro mining machine operating at full capacity, with data as of September 9.
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