Zcash Price Surge Drives Mining Profitability and Hashrate Increase
- Zcash (ZEC) reached $979 on September 3, marking an impressive rise of nearly 88.1% over the past month.
- The Zcash hashrate is operating at approximately 91% of its all-time high, reflecting increased mining activity.
- Bitmain’s Z15 Pro miner leads in profitability, generating around $59.09 per day at current ZEC prices.
- The Antminer Z15 Pro is sold out, with resellers offering units above Bitmain’s original price of $4,999.
The recent surge in ZEC’s value has significantly boosted mining profitability and attracted substantial computational power to the network, nearing its record hashrate levels. This growth underscores the lucrative nature of mining when cryptocurrency prices rise sharply.
As ZEC’s price continues to climb, mining rewards remain highly profitable, driving increased hashpower into the network and elevating devices like Bitmain’s Z15 Pro to high demand status. (Source)
