Zcash mining economics outpace Bitcoin: revenue per MW runs about 4x higher as hashrate jumps 2.5x in 2026
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Grayscale's research highlights sharply improved Zcash miner economics: while total daily ZEC rewards are far smaller than Bitcoin's, revenue per rig and per MWh is materially higher, reportedly exceeding some AI/HPC cloud alternatives. This relative profitability is already pulling in marginal hashpower, with Zcash network hashrate up over 2.5x YTD, reinforcing network security and shifting GPU/ASIC capital allocation dynamics toward ZEC.
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Odaily Planet Daily reports that Grayscale Head of Research Zach Pandl said Zcash mining rewards have been climbing, supported by ZEC's price performance. According to the data cited, total daily miner rewards on the Bitcoin network are about $35 million, compared with roughly $2 million for Zcash. Even so, daily revenue per mining rig is said to be around twice Bitcoin's, while revenue per megawatt-hour is about four times higher—levels that reportedly exceed some AI and high-performance computing cloud services. The strong profitability has coincided with a surge in Zcash mining activity, with the network's total hashrate up more than 2.5x so far this year.
