Zcash mining revenue surges to $727 per MWh amid price rally

Zcash cryptocurrency mining Grayscale Research Bitcoin digital asset privacy

Zcash (ZEC) is experiencing a significant market rally, with its price recently reaching approximately $890. This surge has resulted in Zcash mining generating an estimated $727 per megawatt-hour (MWh) of electricity, a figure that substantially exceeds the revenue generated by Bitcoin mining and high-performance computing (HPC) workloads.

According to analysis from TheEnergyMag, the Bitmain Antminer Z15 Pro, used for Zcash mining, produces more than four times the revenue per MWh compared to the Bitmain Antminer S23 Pro used for Bitcoin. This revenue gap has widened significantly as ZEC's price increased by roughly 70% in a single week.

In the United States, Grayscale Research has expressed a bullish outlook, suggesting that Zcash could reach $8,100 by 2030 if it captures 10% of Bitcoin's market capitalization. Grayscale also noted that the launch of a Zcash ETF (ticker: ZCSH) on the NYSE Arca provides investors with spot exposure to the asset.

On the infrastructure side, Cypherpunk Technologies recently completed a $33.33 million equity deal to acquire 4.2 gigasols per second of hashrate, securing approximately 18% of the Zcash network's total hashing capacity.

Entities

Bitcoin · Bitmain · Cypherpunk Technologies · Grayscale Research · Zcash

Claims

What the coverage asserts, and how many sources carry each claim.

[● 2 SOURCES] Bitcoin mining via the Bitmain Antminer S23 Pro generates approximately $162 per MWh. cryptobriefing.com · news.bitcoin.com
[○ 1 SOURCE] A Grayscale Zcash ETF (ticker: ZCSH) has begun trading on the NYSE Arca, providing spot exposure to ZEC in the U.S. coingape.com
[○ 1 SOURCE] Grayscale Research predicts Zcash could reach $8,100 by 2030 if it captures 10% of Bitcoin's market capitalization. coingape.com
[● 2 SOURCES] High-performance computing (HPC) colocation yields approximately $222 per MWh. cryptobriefing.com · news.bitcoin.com
[○ 1 SOURCE] Cypherpunk Technologies acquired 4.2 gigasols per second of hashrate, representing roughly 18% of the Zcash network, in a $33.33 million deal. cryptobriefing.com
[● 2 SOURCES] Zcash mining generates approximately $727 per megawatt-hour (MWh) of electricity consumed. cryptobriefing.com · news.bitcoin.com

Sources

Grayscale Sees Zcash Price at $8,100 if ZEC Captures 10% of Bitcoin’s MCap [coinpaper.com]

16 days ago

Grayscale Research Predicts Zcash (ZEC) Price Can Rally to $8,100 by 2030 [coingape.com]

16 days ago

Zcash mining generates $727 per megawatt-hour, surpassing Bitcoin by more than fourfold [cryptobriefing.com]

18 days ago

Zcash Rally Widens Mining Revenue Lead Over Bitcoin and AI HPC [news.bitcoin.com]

17 days ago