For those that are digital currency mining enthusiasts, Zcash (ZEC) is presently the most profitable digital currency out there. The digital currency boasts of a Return on investment (ROI) that is much higher than other digital currencies in the market, including some of the largest digital currencies in the world by market cap such as Bitcoin (BTC), Ethereum (ETH), and Bitcoin Cash (BCH).
Miners of ZEC that are using Antminer Z9 Mini can expect an ROI of about 100 percent, even in worse case scenarios – according to information provided by “Anything Crypto.”
Ethereum is the second most profitable digital currency in the mining perspective. Using an Antminer E3 to mine would yield $1,212 in twelve months. The cost of the Z9 Mini is $2,000 and it would yield a return of $6,881 – which is a profit of 344 percent.
Zcash (ZEC) Provides a Great Opportunity for Miners
Digital currency mining started as a hobby for digital currency buffs. Nevertheless, after the drastic increase in its use, it became highly profitable to the point that it became a very lucrative business angle in the digital currency space, competing directly with crypto trading.
The Proof of Work digital currency mining business has certain particularities that need to be taken into consideration before investing in a Mining Rig or ASIC. The first of which is the ‘difficulty in mining.’ The difficulty helps to maintain stability in the digital currency, avoiding too many block validations that could reduce the value of the digital currency.
When validation speed increases, the difficulty of the blockchain algorithm will also increase, making it very difficult to mine a block. The same thing happens in the opposite case.
Zcash (ZEC) Price Today – ZEC / USD
At the time of writing, Zcash (ZEC) is changing hands at $173.8 after an increase of 1 percent over the last twenty-four hours. The digital currency is currently ranked 21st with a market cap of $761.34 million and a trading volume of $63.14 million over the past twenty-four hours.