ZEC surges 88.1% in 30 days as Zcash hashrate nears record

  • ZEC climbed to $979 on Sept. 3 as Zcash mining activity strengthened.
  • ZEC gained 88.1% over 30 days and nearly 17% during the last day.
  • Zcash hashrate reached 91% of its record after peaking on Aug. 28.

Zcash (ZEC) reached $979 on Sept. 3 after rising nearly 17% in 24 hours, extending gains to 64.7% over two weeks, 88.1% in 30 days and about 353% in six months. The rally has increased mining profitability and pushed Zcash hashrate (total computational mining power) to 91% of its record level. Network hashrate peaked at 27.9 GSol/s at block height 3,463,689 on Aug. 28. Bitmain’s Z15 Pro was the most profitable ASIC miner, with estimated daily returns of $59.09, although the machine and other Z15 models were unavailable through Bitmain. The mining economics remain highly sensitive to ZEC’s price, meaning hashpower could retreat quickly if the token falls.

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ZEC surges 88.1% in 30 days as Zcash hashrate nears record - CoinPost Terminal