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July 13, 2018 @ 21:55 +03:00
Zcash (ZEC) is the most profitable cryptocurrency to mine, with expected returns far higher than other PoW coins like Ethereum (ETH) and Bitcoin (BTC).
Data collected from cryptocurrency tools provider Anything Crypto suggests that at current difficulty levels, ZEC miners using the Antminer Z9 mini could expect an $8,000 return on their investment over a two year period.
This was a far higher rate of return that could be expected from other coins. The second most profitable were ether miners using an Antminer E3, who could look to bring in around $2,800 over the same time. The most lucrative ASIC for bitcoin miners was the GMO B2, which could bring in a $1,500 return over two years.
This makes mining Zcash over 400% more profitable than mining bitcoin and just under 200% more than mining ether.
Anything Crypto provides predictions that factor in increases in mining difficulty as well as changes in the price of Zcash. Optimistic predictions – a 15% increase in difficulty and a 10% price increase on a monthly basis – brought the rate of return down to just under $5,400. Skeptical predictions – a 40% difficulty increase and 8% price increase in the same timeframe – still suggested miners could bring in nearly $1,400 in the first year of operation, even though it would become economically non-viable in the second year.
Using the same parameters, Antminer E3 users could expect profits somewhere between $1,270 and $271; the most optimistic profit for those mining bitcoin with a GMO B2 was $283, the lowest was just $81 over a two year period.