Grayscale Research reveals that while Bitcoin miners earn about $35 million daily in total compared to Zcash's $2 million, Zcash mining rigs generate roughly twice the daily revenue of Bitcoin rigs. Additionally, Zcash mining is about four times more efficient in revenue per megawatt-hour than Bitcoin mining. This efficiency is driven by Zcash's strong price performance, which recently surged above $1,000. However, differences in mining hardware and operational costs mean profitability varies, and the volatile nature of mining rewards could change these dynamics quickly.
Zcash (ZEC) saw a 3.62% price increase over four hours, rising from $1,293 to $1,340 by 4:02 p.m. ET on October 5. During the same period, short liquidations totaling $120,000 occurred across Binance, Bybit, and OKX, while no long liquidations were r...
Samson Mow, a Bitcoin maximalist, criticized Zcash's 1,000% year-to-date price surge as artificially inflated and unsustainable. He argues that the market lacks enough speculative capital to maintain Zcash's high valuation and expects a major correct...
Zcash has activated its NU7 network upgrade on the public testnet, reducing block times from 75 seconds to 25 seconds. This change aims to speed up transaction confirmations, benefiting point-of-sale payments, exchange deposits, and cross-chain bridg...
US spot Bitcoin ETFs attracted $241.1 million in net inflows last week, marking their third consecutive week of gains and lifting total inflows since launch to $57.8 billion. In contrast, Ether ETFs experienced $138 million in net outflows after a st...
Zcash has activated its NU7 network upgrade on the testnet as of October 4, initiating live testing of faster 25-second block intervals and a new Network Sustainability Mechanism that reallocates part of transaction fees to future block rewards. This...
