#WinklevossAndSilbertBackedMinersEachHold20%OfZcashHashRate
⛏️ Winklevoss vs Silbert: The Race for Zcash Mining
📊 Winklevoss-backed Cypherpunk Technologies controls about 20% of Zcash's hashrate (Bloomberg).
🏗️ Silbert-backed Fortitude Mining says it will reach about 20% once its newest machines are deployed. It passed 5 GSol/s on Oct 15.
📈 ZEC is up roughly 3,000% this year and trades near $1,234 (CoinGecko).
🏦 Grayscale (DCG) launched the first U.S. Zcash ETF in August. The Winklevoss twins filed a rival ETF this month.
⚠️ Issuance is fixed, so more hashrate means a bigger share of rewards, not a higher price.
What it means for crypto: big money is backing privacy coins, but two firms near 40% of hashrate raises real decentralization questions.
Is this concentration a risk for Zcash? 👇
$ZEC
#CryptoNews #Zcash #Mining #WinklevossAndSilbertBackedMinersEachHold20%OfZcashHashRate
⛏️ Winklevoss vs Silbert: The Race for Zcash Mining
📊 Winklevoss-backed Cypherpunk Technologies controls about 20% of Zcash's hashrate (Bloomberg).
🏗️ Silbert-backed Fortitude Mining says it will reach about 20% once its newest machines are deployed. It passed 5 GSol/s on Oct 15.
📈 ZEC is up roughly 3,000% this year and trades near $1,234 (CoinGecko).
🏦 Grayscale (DCG) launched the first U.S. Zcash ETF in August. The Winklevoss twins filed a rival ETF this month.
⚠️ Issuance is fixed, so more hashrate means a bigger share of rewards, not a higher price.
What it means for crypto: big money is backing privacy coins, but two firms near 40% of hashrate raises real decentralization questions.
Is this concentration a risk for Zcash? 👇
$ZEC
#CryptoNews #Zcash #Mining #WinklevossAndSilbertBackedMinersEachHold20%OfZcashHashRate