ZEC’s 125% Monthly Jump Fuels Miner Revenue and Pushes Zcash Hashrate to Record Highs

According to the latest metrics, mining bitcoin has officially climbed into the runner-up spot for proof-of-work (PoW) profits, landing just behind the privacy coin zcash.

$ZEC Mining Profit Increases Network’s Computational Might

The digital currency zcash ($ZEC) has been a standout mover in recent times, and today the privacy coin tacked on 18.7% against the U.S. dollar. Even with a 14% dip this week, its current $586 price tag keeps it 125% higher over the last 30 days. That climb has pushed the Zcash network to the top of the PoW heap, with $ZEC’s Equihash stepping ahead of Bitcoin’s SHA256, in terms of profits.

The Bitmain-built Antminer Z15 Pro, cranking out 840 KSol/s, is projected to pull in $50.58 per day at an electricity rate of $0.04 per kilowatt hour (kWh) on Sunday, Nov. 23. The original Antminer Z15, delivering 420 KSol/s, is on track to bring in an estimated $25.15 per day using the same electricity rate. The lower-tier model, at least for now, even outshines the top-earning $BTC machine, the Antminer S21e XP Hydro 3U.

Zcash’s hashrate has climbed to all-time highs. Image source: 2miners.com.

It’s also likely that some of the older, lower-tier Equihash ASICs are jumping back into the mix — including Innosilicon’s A9 and A9++ ZMasters.

Essentially, the “Sol/s” measurement shows how many Equihash solutions a miner can crank out and check every second. Once you hit 1,000 KSol/s (kilo solutions per second), you’re officially at 1 GSol/s (giga solutions per second). Right now, the entire network is gliding at all-time highs, hovering between 14 and 15 GSol/s. On Nov. 21, the Zcash network blasted past the 18 GSol/s threshold, setting a new lifetime peak.

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Some of the same mining heavyweights powering $BTC are also cranking away at $ZEC, and today ViaBTC sits at the top of the pile. The pool controls a hefty 32.7% of the network’s computational punch after mining 327 of the last 1,000 blocks. F2pool trails in second place, landing 157 of the past 1,000 blocks and locking in 15.7% of the network.

Antpool and 2miners trail with 9.76% and 8.77% respectively. For now, zcash’s breakout run has completely reshuffled the PoW pecking order, lifting profits and pulling in some of the industry’s biggest pool bruisers. With $ZEC hitting fresh highs, the network’s computational climb shows no hint of slowing as rivalry across the sector heats up.

FAQ 🚦

• What’s driving Zcash mining profits?
  Zcash’s 125% monthly price rise and soaring hashrate have pushed miner revenue sharply higher.
• Why is bitcoin now second in PoW profitability?
  $ZEC’s Equihash algorithm currently pays more than Bitcoin’s SHA256 machines.
• How much can Zcash miners earn today?
  Top $ZEC rigs like the Antminer Z15 Pro can generate over $50 per day at low electricity rates.
• Which mining pools dominate Zcash right now?
  ViaBTC leads the network, followed by F2pool, Antpool, and 2miners.