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BTC 
ZEC Zcash mining is at a high point: the profits far exceed Bitcoin, and the value of privacy coins has regained attention.
As the price of Zcash (ZEC) continues to rise, this representative project in the privacy coin field is experiencing a significant "journey of redemption." According to recent analysis by institutions such as Grayscale, ZEC's mining profits are currently much higher than Bitcoin mining, especially at the individual investor level.
Revenue comparison and efficiency advantages
Grayscale pointed out on social media that although Bitcoin miners earn approximately US$35 million in cryptocurrency revenue per day, while Zcash miners only earn US$2 million, the investment structures behind the two are completely different. The Bitcoin network has tens of billions of dollars in hardware and real estate investments and is highly dependent on cheap electricity to maintain efficient operations. In contrast, Zcash is a smaller network with only a fraction of Bitcoin's computing power.
However, Grayscale emphasized that under current conditions, Zcash's reward per mining equipment is approximately twice that of Bitcoin, and its output revenue per megawatt hour (MWh) of electricity is approximately four times that of Bitcoin.
Experimental verification: ZEC is more profitable
This test was conducted on September 9, 2026, using the latest mining hardware: Bitmain S23 Hydro for BTC and Bitmain Z15 Pro for Zcash. The results show that, especially after the latest round of price increases, ZEC's mining profitability is significantly better than Bitcoin.
In addition, the advantages of this privacy coin are not limited to this. In some cases, the return rate is even better than the benefits provided by certain artificial intelligence and high-performance computing cloud services. Zach Pandl, principal researcher at Grayscale, said: "Based on current valuations, Zcash mining has extremely high profit potential. This is attracting more mining activity, which in turn enhances network security."
Consensus Mechanism and Future Outlook
Both Zcash and Bitcoin use the Proof-of-Work (PoW) algorithm for mining, which is a traditional but effective mechanism to ensure the security of cryptocurrency networks. Both are energy-intensive systems, and if ZEC can scale effectively, it could face similar criticism to Bitcoin has faced over the years. In contrast, most other networks, such as Ethereum and Solana, have shifted to a proof-of-stake (PoS) model, which, while consuming less energy, is not as effective as PoW in terms of security.
Zcash's recent success has once again pushed it into the spotlight. As a cryptocurrency focused on privacy protection, it is restricted in most countries. Users believe that Zcash achieved the functions that Bitcoin was supposed to perform, but was ultimately dominated by large mining companies. Recently, the price of ZEC exceeded the US$1000 mark, which aroused widespread market attention to its tokens.
However, Zcash's performance has been volatile over the past year. Its prices fluctuate sharply, and often lead to a sharp correction after triggering discussions, causing some buyers to be trapped. Investors are advised to remain vigilant and focus on long-term trends rather than viewing them as a tool to get rich quickly.
