Grayscale: Zcash mining revenue significantly exceeds Bitcoin's, with mining activity growing over 2.5 times year-to-date.

TechFlow reported on September 11 that Zach Pandl, Head of Research at Grayscale, stated that Zcash is a digital currency similar to Bitcoin but with additional privacy features, and both secure their networks using proof-of-work mechanisms.

Grayscale estimates that under current conditions, the daily reward per single Zcash mining rig is approximately twice that of a Bitcoin mining rig, with rewards about four times higher per megawatt-hour. However, the Bitcoin network is significantly larger overall, generating approximately $35 million in total daily miner rewards compared to Zcash's roughly $2 million. Data shows that Zcash mining activity has grown by more than 2.5 times year-to-date.