đš PRIVACY RALLY COOLS OFF â $ZEC DOWN 6% IN 24H đ©ž
ZEC just slipped 5.8% to ~$1,149, trading 32% below its $1,697 all-time high from Sep 27. $230M changed hands on Binance spot alone as sellers leaned in.
But the mining math is doing the opposite. Winklevoss-backed Cypherpunk Technologies says Zcash mining pulls ~$1,000 per MWh, roughly 4x what Bitcoin miners now earn from AI hosting deals (~$240/MWh). Cypherpunk already holds ~18% of ZEC hash rate and is targeting 5% of the supply.
đ The catalyst clock: the NU7 upgrade decision lands around Oct 20, and retail sentiment is sitting at extremely bearish.
Does mining profitability eventually bleed into price, or is $1,149 the dip everyone keeps watching?
Not financial advice. DYOR.
#crypto #altcoins #Zcash #privacycoins
ZEC just slipped 5.8% to ~$1,149, trading 32% below its $1,697 all-time high from Sep 27. $230M changed hands on Binance spot alone as sellers leaned in.
But the mining math is doing the opposite. Winklevoss-backed Cypherpunk Technologies says Zcash mining pulls ~$1,000 per MWh, roughly 4x what Bitcoin miners now earn from AI hosting deals (~$240/MWh). Cypherpunk already holds ~18% of ZEC hash rate and is targeting 5% of the supply.
đ The catalyst clock: the NU7 upgrade decision lands around Oct 20, and retail sentiment is sitting at extremely bearish.
Does mining profitability eventually bleed into price, or is $1,149 the dip everyone keeps watching?
Not financial advice. DYOR.
#crypto #altcoins #Zcash #privacycoins