Zcash mining revenue per megawatt tops Bitcoin 4x

Zcash mining activity has risen more than 2.5 times in 2026 as stronger ZEC prices have pushed estimated revenue per megawatt-hour to about four times the level generated by Bitcoin miners. Summary Zcash mining activity has increased more than 2.5 times since the start of 2026. ZEC miners earn about twice as much per machine as comparable Bitcoin miners. Revenue per megawatt-hour is roughly four times higher for Zcash, according to Grayscale. US investors can access ZEC through Grayscale’s ZCSH fund on NYSE Arca. Zcash mining returns have outpaced Bitcoin per machine Grayscale Research Director Zach Pandl said Zcash miners currently generate about $2 million in total revenue each day, compared with approximately $35 million earned across the Bitcoin network. Bitcoin’s total remains far higher because its mining network contains much more computing power. On an individual-machine basis, however, Grayscale estimated that a Zcash miner earns about twice the daily revenue of a Bitcoin miner. Power-based comparisons create an even larger gap. Pandl estimated that Zcash mining produces approximately four times as much revenue per megawatt-hour as Bitcoin mining. Under the assumptions use...