Mining Profitability of Zcash (ZEC) and Ethereum (ETH) Is Now Pretty Much the Same

7 Nov
2016

zcash-calculator

After the initial craze due to the scarcity of Zcash (ZEC) coins and the big demand the prices has skyrocketed, but now with the slow start of mining progressing and the total block reward almost at 4 ZEC things are starting to stabilize. The initial crazy high profit for mining and selling Zcash coins seems to be over and at the moment mining and selling ETH or ZEC does bring almost the same profit for some GPU miners, though not for all. Miners with older AMD Radeon 79×0 and 280X GPUs still have higher profit mining Zcash than Ethereum, but for users with RX 480 for example things are already on the line to switch back to Ethereum. Nvidia seems to be currently lagging as far as performance optimizations for Zcash go, so the profitability there could be better for another algorithm or mining for another perspective in the long term crypto coin might also be a viable option.

You can keep track of the current profitability with the help of some useful mining calculators like the ones provided by CryptoCompare for both Zcash (ZEC) as well as for Ethereum (ETH) along with a few other popular coins such as Ethereum Classic (ETC), Monero (XMR), DigitalCash (DASH) and Litecoin (LTC). Make sure you set the correct hashrate your mining hardware is providing for each algorithm to make a proper calculation as different GPUs do provide different hashrate for the various algorithms. Do note that Etheeum Classic might also turn out to be pretty profitable alternative as well for some video cards that are still providing higher hashrate for the Ethash algorithm.



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6 Responses to Mining Profitability of Zcash (ZEC) and Ethereum (ETH) Is Now Pretty Much the Same

Reader

November 8th, 2016 at 17:07

Those contracts for ZEC you were pushing are pretty much worthless now. I hope you got a nice cut.

Brandon

November 8th, 2016 at 20:21

I had 0 problem making profit off previous mining contracts (including eth). I’ve no doubt I’ll make profit from my zec contracts.

Reader

November 10th, 2016 at 16:58

No doubt? Have you looked at ZEC prices lately? Do the math for me and show how you are going to break even.

Brandon

November 10th, 2016 at 19:52

It’s quite impossible to do anything more than projected outcomes, especially since these are 13 month contracts, and as you pointed out, price is extremely volatile. I’m just pointing out: I’ve bought cloud mining contracts in the past, and have always made profit from them. I agree, buying ZEC mining contracts now is really very risky, but do you know what the price will be in a year? :D

Dani

November 11th, 2016 at 11:58

The mined zec amount is calculated with or without the dev fee ?

Brandon

November 11th, 2016 at 19:53

Those calculators only take into account the reward per a block designated for miners.

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