Bitcoin News
By Evie Vavasseur
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Grayscale ETF and ZEC Price Spike. A lot of what's driving this comes down to Zcash's token price.
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Network Sol Rate Jumps 20% in Days. The rush into Zcash mining is already visible at the network level.
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Zcash is beating Bitcoin on raw revenue. Not by a little — by a lot.
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As of early September, the Antminer Z15 Pro was pulling in roughly $708 in gross revenue per megawatt-hour.
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Industrial operators think in megawatts-to-dollars ratios. That's basically the whole game. And right now, Zcash wins that game over Bitcoin — though it still trails AI cloud…
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A lot of what's driving this comes down to Zcash's token price. ZEC surpassed $1,000 on September 4, a move that grabbed attention across the mining sector.
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Institutional money is following. Cypherpunk Technologies announced plans to build a major Zcash mining operation, and it's doing so in collaboration with Winklevoss Capital.
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And it's not just Cypherpunk. Foundry — a major name in Bitcoin mining infrastructure — launched a dedicated Zcash mining pool.
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The rush into Zcash mining is already visible at the network level. The sol rate — Zcash's equivalent of Bitcoin's hash rate — climbed from 25 GSol/s at the end of August to over…
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See also: Bitcoin Soars 22% While Major Mining Firms Struggle to Keep Up
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And that surge is already eating into margins. Revenue per MWh dropped from $727.30 to $708 as the sol rate climbed.
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Zcash's overall network is still tiny compared to Bitcoin's. The infrastructure gap is massive.
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Some Bitcoin miners aren't waiting around to find out. They're diversifying into AI and high-performance computing, where loads can return roughly $941 per MWh.
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The margin compression dynamic isn't unique to Zcash — it's basically how all proof-of-work mining works. More competition, thinner slices.
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More context: Bitcoin and Ether Surge as Fed Holds Rates Despite Mixed Inflation Data
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