Zcash mining is currently significantly more profitable than Bitcoin mining, according to Grayscale Head of Research Zach Pandl. Bitcoin miners earn about $35 million in daily rewards versus roughly $2 million for Zcash, but Zcash generates about twice as much daily revenue per mining machine and around four times as much revenue per megawatt-hour. Pandl said Zcash’s mining revenue per megawatt-hour also exceeds some AI and high-performance computing cloud services. Strong token price performance has helped lift total Zcash network mining activity by more than 2.5 times this year, reinforcing network security and supporting continued mining interest at current valuations.