ZEC surges to $870 — dormant mining rigs have all been awakened
The privacy coin Zcash is a bit wild this time. Over the past three days, its price has been bouncing between $820 and $871. Across the entire network, hashrate has shot up vertically, climbing to 27–29 GSol/s and even pushing to a new all-time high.
The logic is simple: mining profits are outpacing electricity and hosting fees. Idle rigs are being turned from scrap into cash-printing machines. Owners have been booting up overnight, adding more hardware until the difficulty rises enough to erase the profit margins.
Zcash uses the Equihash algorithm, producing one block every 75 seconds—about 1,152 blocks per day. Currently, each block’s subsidy is 1.5625 ZEC. Miners take 80%, which is 1.25 ZEC plus fees. The rest is distributed to community grants and the protocol fund. After the subsidy halves by end of 2028, the subsidy will drop to 0.78125 ZEC.
The hardware sector has also been activated. Bitmain’s Antminer Z15 Pro, for example, delivers 840 kSol/s with a power draw of 2,780 watts. It’s a mainstay for professional mining farms. In the network’s total hashrate of 25 GSol/s, one unit accounts for only 0.00336%. To control 1% of the network hashrate, you’d need to buy nearly 300 units—stacking the machines is visible just from the cost alone.
What’s interesting is that different players’ hashrate dashboards don’t show the same numbers. Some display 24 GSol/s, others 28 GSol/s—because of different reporting windows and algorithms, the results naturally differ. Don’t get spooked by a single figure.
Harmony thinks this round of ZEC is “price first, hashrate later.” Miners are voting with their feet—the most honest kind of signal. After such a long period of silence in the privacy coin sector, we finally got a wave of attention backed by real money. But the halving is still more than two years away; enjoy the current heat while it lasts—mine while you can, and cherish it.
A question for engagement: how far can this privacy-coin wave go? Let’s chat in the comments.
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