Grayscale
Grayscale is a company. On 2026-09-01, Grayscale stated that as AI improves blockchain address labelling, Zcash may become more valuable for users. This was the sole recorded development.
Grayscale is a company that conducts research through Grayscale Research. On 2026-09-12, Grayscale Research published an analysis comparing the profitability of mining Bitcoin and Zcash. The analysis concluded that Zcash mining has become significantly more profitable than Bitcoin mining for individuals. However, the research also found that Bitcoin dominates in total. The work was led by Grayscale Research director Zach Pandl. The recorded timeline notes this as a development on the same date. No other corporate details such as founding, headquarters, or market data are available in the evidence pack. The evidence pack provides no market snapshot, known relationships, or additional historical context.
Overview
Grayscale is a company that conducts research through Grayscale Research. On 2026-09-12, Grayscale Research published an analysis comparing the profitability of mining Bitcoin and Zcash. The analysis concluded that Zcash mining has become significantly more profitable than Bitcoin mining for individuals. However, the research also found that Bitcoin dominates in total. The work was led by Grayscale Research director Zach Pandl. The recorded timeline notes this as a development on the same date. No other corporate details such as founding, headquarters, or market data are available in the evidence pack. The evidence pack provides no market snapshot, known relationships, or additional historical context.
Recent developments
On 2026-09-12, Grayscale Research published an analysis concluding that Zcash mining is significantly more profitable than Bitcoin mining for individuals, while Bitcoin dominates in total.
History
On 2026-09-12, Grayscale Research published an analysis finding Zcash mining more profitable than Bitcoin mining for individuals.
Risk factors
The withdrawal of ETF applications for ADA, HBAR, and DOT could impact investor confidence in altcoin market diversification.
Historical context
The recorded timeline contains a single entry dated 2026-09-12 describing the same development reported in coverage.
Outlook
What further research will Grayscale Research publish on cryptocurrency mining profitability? How will the relative profitability of Zcash and Bitcoin mining evolve according to future analyses?
Latest coverage
20 storiesInstitutional accumulation strengthened LINK demand as price stabilized above the crucial $11 support zone.
Zcash mining has become significantly more profitable than Bitcoin mining for individuals. That is the finding of a new analysis from Grayscale Research. Research director Zach Pandl found that Bitcoin dominates in total scale. ZEC, however, currently delivers stronger returns per machine and per unit of electricity consumed. Bitcoin Wins on Scale, Zcash Wins on The post Bitcoin vs Zcash: Grayscale Reveals Which Is More Profitable to Mine appeared first on BeInCrypto .
Grayscale Head of Research Zach Pandl says hotter-than-expected U.S. inflation could create a temporary “speed bump” for crypto.
Bitcoin reached $79,701.36 overnight and had round-tripped the move by midday in New York, leaving it flat over 24 hours. Ninety-three of the 123 largest non-stablecoin tokens are lower. Zcash holds a 56.3% weekly gain after DCG exchanged 85,705 ZEC for about $100 million of Grayscale's ETF, a swap
XRP ETFs took nearly $2 million on Tuesday while bitcoin, ether, solana and hyperliquid funds all lost money. Grayscale's products account for the entire outflow in both bitcoin and ether.
Bitcoin fell to nearly $77,600 on Tuesday before clawing most of it back, leaving it little changed on the day while zcash gained roughly 43% on the week and Grayscale's new fund crossed half a billion dollars.
Timeline
55 recorded events- 12 Sept 2026DevelopmentBitcoin vs Zcash: Grayscale Reveals Which Is More Profitable to Mine
Zcash mining has become significantly more profitable than Bitcoin mining for individuals. That is the finding of a new analysis from Grayscale Research. Research director Zach Pandl found that Bitcoin dominates in total scale. ZEC, however, currently delivers stronger returns per machine and per unit of electricity consumed. Bitcoin Wins on Scale, Zcash Wins on The post Bitcoin vs Zcash: Grayscale Reveals Which Is More Profitable to Mine appeared first on BeInCrypto .
- 10 Sept 2026DevelopmentBitdeer (BTDR) to Join H.C. Wainwright Panel on AI and Bitcoin
Bitdeer (BTDR) will discuss AI and Bitcoin infrastructure at the H.C. Wainwright Global Investment Conference on September 14, 2026. (Read More)
- 09 Sept 2026DevelopmentBitcoin Gives Back Its Overnight Gain As Brent Tops $100
Bitcoin reached $79,701.36 overnight and had round-tripped the move by midday in New York, leaving it flat over 24 hours. Ninety-three of the 123 largest non-stablecoin tokens are lower. Zcash holds a 56.3% weekly gain after DCG exchanged 85,705 ZEC for about $100 million of Grayscale's ETF, a swap
- 05 Sept 2026DevelopmentZcash breaks $1,000 as its spot ETF crosses $400 million in assets
Zcash broke above $1,000 on Sept. 4, pushing the asset value of Grayscale’s recently listed ZCSH ETF past $400 million less than two weeks after its debut. ZEC registered an intraday high of $1,050.70, up roughly 20% over 24 hours and nearly 100% over the past month. The move lifted ZCSH’s assets to $414.7 million […] The post Zcash breaks $1,000 as its spot ETF crosses $400 million in assets appeared first on CryptoSlate .
- 05 Sept 2026Product LaunchZcash breaks $1,000 as its spot ETF crosses $400 million in assets
Zcash broke above $1,000 on Sept. 4, pushing the asset value of Grayscale’s recently listed ZCSH ETF past $400 million less than two weeks after its debut. ZEC registered an intraday high of $1,050.70, up roughly 20% over 24 hours and nearly 100% over the past month. The move lifted ZCSH’s assets to $414.7 million […] The post Zcash breaks $1,000 as its spot ETF crosses $400 million in assets appeared first on CryptoSlate .
- 01 Sept 2026DevelopmentZcash May Have a Bigger Role to Play as AI Threatens Financial Privacy: Grayscale
As AI improves blockchain address labelling, Grayscale sees Zcash becoming more valuable for users.
- 22 Aug 2026DevelopmentZcash Price Hits 8-Year High as Grayscale ETF Gets Closer
Zcash (ZEC) climbed to an 8-year high on Saturday, after Grayscale filed a fifth amended registration with the SEC. The amendment advances Grayscale’s proposed Zcash ETF but does not amount to SEC approval. If approved, the fund would be the first US ETF to directly track Zcash. Grayscale Fills the Blanks on Fee and Name The post Zcash Price Hits 8-Year High as Grayscale ETF Gets Closer appeared first on BeInCrypto .
- 22 Aug 2026ApprovalZcash Price Hits 8-Year High as Grayscale ETF Gets Closer
Zcash (ZEC) climbed to an 8-year high on Saturday, after Grayscale filed a fifth amended registration with the SEC. The amendment advances Grayscale’s proposed Zcash ETF but does not amount to SEC approval. If approved, the fund would be the first US ETF to directly track Zcash. Grayscale Fills the Blanks on Fee and Name The post Zcash Price Hits 8-Year High as Grayscale ETF Gets Closer appeared first on BeInCrypto .
Quick facts
4 fields- Type
- Company
- Ticker
- n/a
- Research Director
- Zach Pandl
- Analysis Date
- 2026-09-12
Frequently asked
- What did Grayscale Research find about Bitcoin and Zcash mining profitability?
- On 2026-09-12, Grayscale Research published an analysis finding that Zcash mining is significantly more profitable than Bitcoin mining for individuals, while Bitcoin dominates in total.