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Zcash (ZEC) traded at around $1,331 on October 5, compared with around $1,026 on September 5. This recent price movement has also brought renewed attention to Zcash and its mining economics. Miners receive ZEC for producing new blocks. The block reward has changed over the past several years, so the amount earned per block is not the only factor that determines mining revenue.
The economics also depend on the mining hardware, its hashrate and power efficiency, the total Zcash network hashrate, electricity costs, pool fees, and uptime. A higher ZEC price can increase the value of mining rewards, while a higher network hashrate can reduce the share earned by an individual miner.
For this article, we reviewed official Zcash materials and current mining data to examine how Zcash mining works in 2026, what hardware is used, how the mining process works, and which factors affect its economics.
Zcash uses Proof of Work (PoW) to secure its blockchain. Mining involves using specialized computing hardware to search for a valid solution under the network's Equihash rules. A miner that finds the required solution can add a new block and receive the applicable block reward.
According to the Zcash protocol specification, the network uses Equihash with parameters n=200 and k=9. The target block interval is 75 seconds.
Graphics cards once handled this work. Not anymore. The official guide says miners now need an Application-Specific Integrated Circuit (ASIC) at the current difficulty. Hashrate on Zcash is counted in solutions per second (Sol/s), and the numbers get big. CoinWarz currently shows about 28.2 billion, or 28.2 GSol/s. Trackers differ, so check a live figure before you calculate.
Each block creates 1.5625 ZEC. According to the network page, 80% reaches miners and 8% funds Zcash Community Grants. The last 12% sits in a lockbox that the protocol tracks.
The miners' 80% comes to 1.25 ZEC a block, with transaction fees on top. At a 75-second block time, that means about 1,152 blocks a day, or roughly 1,440 ZEC paid to miners daily. Pools then split that total by contributed work, minus their fees.
The last halving happened in November 2024. Under current rules (NU6.1), the network page shows the next one on November 23, 2028. The subsidy would drop to 0.78125 ZEC, and the miner share to about 0.625 ZEC per block if the 80% split holds.
That date isn't fixed. A proposal called ZIP 234 would replace step halvings with a smoothed issuance curve. If adopted, the network page says it would start around block 3,662,980, about 646 days ahead of the 2028 date.
💡 Copy pool addresses from the pool's own documentation. Fake pool links exist, and one wrong character sends your hashrate elsewhere.
Mining alone can mean weeks without a reward. A pool combines many miners' work and splits the proceeds, which evens things out. Pay Per Last N Shares (PPLNS) pays by your share of recent pool work, so income depends on pool luck. Pay Per Share Plus (PPS+) gives a steadier subsidy payment at a higher fee.
Pool | Payout method | Fee | Minimum payout | Account |
|---|---|---|---|---|
PPLNS; solo option | 1.0% pool, 1.5% solo | 0.1 ZEC | No registration required to start | |
PPS+ or PPLNS | PPS+: 4% on subsidy, 2% on transaction fees; PPLNS: 2% | 0.001 ZEC | Required | |
F2Pool | PPS | 3% | 0.1 ZEC | Required |
Luxor | FPPS | 3% | 0.1 ZEC + 0.005 ZEC withdrawal fee | Required |
Start with the fee page. On 0.0429 ZEC a day before fees, a 1% fee costs about $0.60 at today's price as of October 2026. ViaBTC's PPS+ takes 4% of the subsidy, which is about $2.42 on the same output. Its PPLNS option charges 2%, about $1.21. We worked these out from each pool's published rates.
Fees only tell part of the story. PPLNS pays when the pool finds blocks, so a quiet stretch means a thin payout. PPS+ pays a steadier rate on the subsidy, and you pay a higher fee for that. Before you connect, check three more things: the minimum payout, the withdrawal rules, and where the servers sit. All of it changes, so read the pool's own page, not ours.
Pool size matters too. ViaBTC publishes monthly hashrate and pool-distribution reports. We treated each one as a snapshot of a single period and didn't rank pools from it.
The official guide says miners must use an ASIC at current difficulty, so our table covers Equihash ASICs only. We took the specs from Bitmain and Minerstat. Treat them as typical values, not promises. Bitmain allows ±3% on hashrate and ±5% on power draw, so your unit may land a little off.
Model | Hashrate | Power | Efficiency |
|---|---|---|---|
Bitmain Antminer Z15 Pro | 840 kSol/s | 2,780 W | 3.31 J/kSol |
Bitmain Antminer Z15 | 420 kSol/s | 1,510 W | 3.60 J/KSo |
Bitmain Antminer Z15 K | 525 kSol/s | 2,483 W | 4.73 J/KSol |
Innosilicon A9++ ZMaster | 140 kSol/s | 1,550 W | about 11.07 J/KSol |
The Z15 Pro has the highest output, according to the available data. Minerstat dates its release to June 2023. The newer Z15K, which reached the market in August 2026, has lower output and worse efficiency, so the Z15 Pro remains the most efficient model in this table.
Under the baseline assumptions used in this article, the estimated daily ZEC revenue is higher than the estimated electricity cost at $0.10 per kWh. This is only a comparison of two operating figures and does not represent an estimate of overall mining returns or hardware payback.
The figures below are examples based on specific network, market, and operating assumptions. They are not forecasts.
Electricity is one of the biggest concerns in mining, but is not the only one. If you choose hosted ZEC mining, the hosting fee becomes another operating cost. With cloud mining or hashrate rental, the hardware is operated by a third party and you pay for mining capacity instead. Fees and contract terms vary by provider. For a sense of scale, a Z15 Pro running around the clock uses about 66.7 kWh a day (2.78 kW × 24 h), or about $6.67 at $0.10 per kWh.
A Z15 Pro produces about 75 dB of noise, according to Minerstat. The official Zcash mining guide compares ASIC noise with that of a vacuum cleaner. This makes the Z15 Pro unsuitable for many bedrooms and shared living spaces.
The heat output also needs to be considered. The miner's power draw is 2,780 W, which means it releases roughly 9,500 BTU of heat into the room every hour when running continuously. That is comparable to running a 2,780 W electric heater. A closed room therefore needs adequate ventilation or cooling to remove the heat.
To estimate daily ZEC output, we used the miner's share of the network hashrate and the current miner reward:
Expected ZEC per day ≈ (miner hashrate ÷ network hashrate) × 1.25 × 1,152 × (1 − pool fee)
For the baseline calculation, we use an 840,000 Sol/s miner, network hashrate of 28.2 billion Sol/s, a ZEC price of $1,407.52, a 1% pool fee, and electricity at $0.10 per kWh.
The Zcash mining calculation assumes 24 hours of continuous operation. It excludes transaction fees, hosting costs, hardware costs, and taxes.
The hardware price was $8,600, based on MillionMiner's listing for the 840 kSol/s Z15 Pro, checked on October 2, 2026. The listing shows delivered-duty-paid pricing.
Scenario | ZEC per day | Revenue per day | After power | Payback |
|---|---|---|---|---|
Today's inputs | 0.0425 | $59.77 | $53.10 | 162 days |
Network hashrate +50% | 0.0283 | $39.85 | $33.18 | 259 days |
ZEC price −50% | 0.0425 | $29.89 | $23.21 | 371 days |
Both | 0.0283 | $19.92 | $13.25 | 649 days |
Post-halving rewards | 0.0212 | $29.89 | $23.21 | 371 days |
Note that calculators such as WhatToMine and Minerstat give close but not identical answers, because their inputs and time windows differ.
Six factors affect the result.
Payback is hardware cost divided by the daily result after power. The table above shows how fast it stretches when conditions slip, and it assumes stable conditions for months, which rarely happens. A Mining Now estimate of 119 to 351 days at $0.07 per kWh shows how wide calculator results can run.
Zcash adjusts mining difficulty every block, so an increase in network hashrate can reduce an individual miner's share of the rewards. Competition has increased in 2026. In August, Cypherpunk Technologies launched a 4.2 GSol/s Zcash mining fleet, which represented about 18% of the network hashrate at the time. Bitcoin.com News reported that the fleet was already operating across the U.S. Foundry also launched a Zcash mining pool in April, reaching nearly 30% of network hashrate through institutional mining partnerships.
The Z15 Pro was produced in 2023. Newer, more efficient machines or a protocol change could cut what it resells for. Dollar revenue also moves with ZEC, as the scenario table shows.
Power rates, contract terms, and downtime all affect the final result. Additionally, Zcash cloud mining and hashrate rental come with counterparty risks; their terms also vary between providers.
Under current rules, the miner reward per block is cut in half. ZIP 234 or another change could replace that schedule.
Crosslink is a proposed hybrid of PoW and Proof of Stake finality. The activation date is not confirmed yet, and although it is known that mining will continue, the terms of it are still unclear. The regulations for privacy-focused coins also vary by jurisdiction, so it is important to check local laws and tax obligations first.
Ready to convert some of your ZEC? SwapSpace can help. It's a non-custodial crypto exchange aggregator, so you compare offers from several exchange providers in one place. It supports 2,400+ assets, including Dash, Zano, Beldex, and others.
With 40+ exchange partners, SwapSpace lets you check multiple rates and choose an offer without visiting each provider separately. You don't need to register to compare offers. Once you pick one, follow the provider's instructions to complete the swap, and the exchanged crypto is sent directly to your wallet. See the guide to how SwapSpace works for more details.
Compare ZEC swap offers on SwapSpaceWith the example inputs used in this guide, a Z15 Pro would produce about 0.0425 ZEC per day. At that rate, it would take roughly 24 days to reach 1 ZEC.
But it’s just a snapshot. The result depends on the ZEC price, pool fees, network hashrate, and miner uptime. The 24-day figure is therefore an estimate based on the assumptions used in the calculation, not a fixed payback period.
Under the calculation above, the miner produces about 0.0425 ZEC per day. At a ZEC price of $1,407.52, that is approximately $59.77 in daily revenue before electricity and hosting costs. Both the ZEC output and its dollar value will vary with network hashrate, ZEC price, uptime, and pool fees.
Equihash ASICs. The Bitmain Antminer Z15 Pro, rated at 840 kSol/s, is the model most people point to. Older machines produce less.
You need a wallet that supports Zcash addresses. The payout process depends on the mining pool. For example, 2Miners uses the Zcash address as the worker name, while ViaBTC credits mining proceeds to a pool account from which you can make withdrawals. Some pools may also support payouts to shielded Zcash addresses.
Zcash can be mined with a GPU, but ASICs provide much higher hashrate and are more efficient.
2Miners lists around 460 Sol/s for a GTX 1070 Ti. At 840 kSol/s, one Z15 Pro has roughly the hashrate of 1,800 GTX 1070 Ti cards. Android Zcash mining apps face the same basic hardware limitation.
Under current rules, the next halving happens at block 4,406,400, expected around November 23, 2028. The block subsidy will drop from 1.5625 ZEC to 0.78125 ZEC, and the miner share from 1.25 ZEC to 0.625 ZEC. Draft proposals such as ZIP 234 could change this schedule if they are adopted in a future upgrade.
This article is provided for informational purposes only and does not constitute financial, investment, or tax advice. Mining profitability estimates are based on the stated assumptions and are not forecasts. Mining hardware is a significant investment that may not be recovered. Electrical installation of mining equipment should be carried out by a qualified professional. Crypto mining may be restricted or require licensing in some jurisdictions, and mined coins may be taxable as income. Always conduct your own research
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