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Monthly 125% Growth of ZEC Boosted Miner Revenues and Increased Zcash Network Hashrate
The cryptocurrency Zcash (ZEC) continues to hold strong and is trading at $585. Despite a weekly decline of 18%, the privacy coin is up 108% over the past 30 days. This surge has pushed the Zcash network to the top of the PoW segment, and the Equihash algorithm in ZEC is now more profitable than Bitcoin’s SHA256.
The Antminer Z15 Pro from Bitmain, with a performance of 840 KSol/s, generates $50.58 per day at an electricity cost of $0.04/kWh.
The Antminer Z15, with a performance of 420 KSol/s, is estimated to earn $25.15 per day at the same rate.
At the moment, this entry-level model even outperforms the flagship Bitcoin miner Antminer S21e XP Hydro 3U.
Due to the rising hashrate, older Equihash ASICs, including A9 and A9++ ZMasters by Innosilicon, may return to mining.
The “Sol/s” metric indicates how many Equihash solutions a miner can compute and verify per second.
Reaching 1000 KSol/s (kilasolutions per second) equals 1 GSol/s (gigasolutions per second).
The network is currently breaking records — between 14 and 15 GSol/s, and on November 21, Zcash reached 18 GSol/s, setting a new all-time high.
Some Bitcoin miners also work with ZEC.
For example:
- ViaBTC controls 32.7% of the network’s hashrate, mining 327 of the last 1000 blocks.
- F2Pool ranks second with 157 of the last 1000 blocks, or 15.7% of the network.
