As BTC struggles, block reward miners say Zcash so hot right now

Homepage > News > Business > As BTC struggles, block reward miners say Zcash so hot right now Block reward miners are on the hunt for more profitable tokens to mine than BTC, while Sweden’s taxman is demanding money, money, money from miners it accuses of dressing in sheep’s clothing and/or data center clothing. Realized hashrates took big dips this year Zcash mining all the rage Canaan reports grim Q2, expects even grimmer Q3 Sweden not letting up on mining back-tax demands The BTC token’s fiat price rally appears to have stalled after surging to over $82,000 last week, falling back below $77,000 on Thursday. Regardless, as this is being written, the average all-in cost of producing a single BTC was nearly $5,000 below its fiat value. So gather ye rosebuds while ye may. The BTC network’s mining difficulty rate rose 1.3% on September 5 to an average of 127.5 trillion hashes (guesses) required to ‘find’ a block on the network and claim the 3.125 BTC reward. Current forecasts are for an additional 2.4% rise in the difficulty rate at the network’s next adjustment on September 19. These difficulty figures are still well below the average over the past 12 months and, in part, r...