Zcash: Suddenly, It’s Profitable 🚀

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Apparently, someone noticed Zcash (ZEC) went up in value. Like, a lot. Over 200% this month. And, predictably, people started trying to mine it. This resulted in a “record high hashrate,” which sounds… strenuous. As if the network is really giving it a good go. It’s all very dramatic.

ZEC Miners Reap Big Rewards as Equihash Outshines SHA256

Everyone’s talking about ZEC’s price going up, which is nice for whoever bought it low. But the truly fascinating thing is the subsequent surge in hash power. It’s like a gold rush, but with more electricity bills and the nagging suspicion that it’s all going to collapse at any moment. 🙄

Zcash, like Bitcoin, involves miners racing to solve puzzles. Though the puzzles, apparently, are different. Bitcoin’s is the equivalent of repeatedly slamming your head against a wall hoping to guess the combination. Zcash’s is… slightly more sophisticated than that. 🤷

ZEC uses Equihash, which means blocks are found every 75 seconds. Seventy-five seconds! That’s practically instant gratification in crypto terms. Bitcoin, meanwhile, makes you wait ten minutes. The system even adjusts the difficulty, which is just a polite way of saying “we’re making it harder on purpose.”

Bitcoin’s method is brute force. Equihash, though, requires, apparently, effort. It’s like the difference between winning the lottery and actually taking a class. A miner’s hashrate is measured in Giga Solutions per second (GS/s). Which sounds… intense. One GS/s is a billion guesses per second. Really makes you feel inadequate.

Currently, the Zcash network is humming along at 12.53 GS/s. Impressive. And, conveniently, more profitable than Bitcoin mining. A bitmain Antminer Z15 Pro is apparently raking in $39.56 a day, after electricity. Which is enough to buy approximately three avocado toasts. 🥑

ViaBTC, a name I’m now obligated to remember, controls the majority of Zcash mining, about 31.84%. That’s roughly 4,750 grinding away. It’s like a very efficient, very loud ant farm. Other players include F2pool, 2miners, and Binance, all competing for a piece of the pie. 🥧

This is all very good news for the beneficiaries of these mining pools. For the rest of us? Well, at least it’s a story. And the story is: people are getting rich mining a digital currency that most people still don’t understand. 😌

FAQ ❓

  • What is driving Zcash’s hashrate to new highs?
    The price went up. People like money. It’s a simple equation, really.
  • Which regions are benefiting most from Zcash mining?
    Everywhere with cheap electricity and a vague sense of optimism.
  • How does Zcash mining compare to Bitcoin mining?
    Currently, Zcash is slightly less infuriating.
  • Who dominates Zcash’s mining pools today?
    ViaBTC. And they probably own a lot of avocados.

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2025-11-02 19:28