Zcash Mining Profits Surge as Price and Hashrate Hit New Highs
- The price of Zcash (ZEC) increased by over 200% this month.
- This price surge resulted in a significant increase in mining profitability for ZEC.
- The Zcash network’s hashrate reached unprecedented levels due to heightened mining activity.
- Equihash, the algorithm used by Zcash, outperformed SHA256 during this period.
Zcash miners have seen substantial profits as the digital asset’s value soared over the past month, driving the network’s hashrate to new heights and showcasing the effectiveness of Equihash compared to other algorithms.
With a more than twofold increase in price, Zcash mining has become highly lucrative, attracting more miners and boosting overall network activity significantly. (Source)
