Zcash mining profits surge as ZEC hits $979
Zcash (ZEC)
Editor:
Eugene Serbin
Zcash reached an intraday high of US$979 on 3 September, according to grafa.com, as rising prices boosted mining profitability. The asset gained 16.9% over 24 hours, 64.7% over two weeks, and 88.1% over 30 days. Network hashrate hit 27.9 GSol/s on 28 August and operated at 91% of its record level on 3 September.
Higher prices made the Equihash network more attractive to specialised ASIC miners. Bitmain’s Z15 Pro was estimated to generate US$59.09 per day, while the Z15 and Z15K were estimated at US$29.25 and US$35.14 respectively. The Z15 Pro produces 840 KSol/s, which is twice the output of the original Z15.
Both machines were unavailable through Bitmain when the report was published. Mining profitability could fall quickly if ZEC prices decline, potentially reducing computing power directed to the network.
How the market reacted
Whalio's own Binance spot order flow for ZEC, measured when this story was written up on 4 September 2026. Not the outlet's figures.
Zcash is currently trading at $952.69 with a 24-hour buy ratio of 51.5%, indicating a slight edge for buyers over the full day. However, shorter-term pressure shows 48.9% buying in the last hour and 49.6% over four hours, suggesting immediate momentum is fading compared to the daily average. Volume delta reflects this shift, showing a net outflow of -$297,049 in the last hour and -$228,737 over four hours, contrasting with a net inflow of +$5,177,128 over 24 hours. The cumulative volume delta closed at -$4,881,075, meaning sellers dominated the final hours of the period. Net buying occurred for only 9 of the 24 hours, highlighting intermittent rather than sustained demand.
The latest daily buy ratio of 48.8% sits at the 35th percentile of the last 281 days, against a median of 50.1% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for ZEC, averaged over the days leading up to the story.
Over the preceding week, the buy ratio averaged 50.6%, with today’s reading just 0.8 points higher than that average. Trading volume was 1.61 times the weekly average, indicating significantly heightened activity. The price rose 17.6% over eight days, supported by a total volume delta of +$17,216,328. Net buying occurred on 4 of the 7 days, showing mixed but generally positive sentiment. This represents an unusual day for the coin, driven by volume nearly double the norm despite only a marginal increase in buy ratio.