Friday's record push to $1,023 triggered a rush of hashpower, briefly sending network solrate past 30 GSol/s for the first time, according to The Block. The catch is that miner revenue came in about 3% lower than when ZEC traded below $900, because the new competition arrived faster than rewards could keep pace. Falling profitability during a price rally is an unusual combination, and it is worth watching for what it means for network security incentives if it persists.
September 5, 2026
The Zcash Rally Is Pulling In Miners Faster Than It Pays Them
Original reporting: Coin Gabbar ↗