Winklevoss Twins-Backed Cypherpunk Says Zcash Mining Is 'Nowhere Close' To Bitcoin, AI — Sees $10K Potential

• Zcash dipped on Monday, while Cypherpunk Technologies' CIO Will McEvoy said ZEC mining earned roughly four times what AI hosting paid.

• He said supply was tight because Bitmain was the only company that made Zcash mining machines, and new orders could take seven to eight months or longer to arrive.

• Cypherpunk controls about 18% of Zcash's hash rate and was aiming to own 5% of the supply.

Zcash (ZEC) edged lower on Monday, while an executive at Winklevoss-backed Cypherpunk Technologies (CYPH) said mining the privacy token was far more profitable than mining Bitcoin (BTC) or hosting AI.

Zcash mining earned about $1,000 per megawatt hour, Cypherpunk Chief Investment Officer (CIO) Will McEvoy said on the Bankless podcast. On the other hand, Bitcoin miners have been shifting power to AI customers, pushing investors to reprice them.

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That shift lifted many Bitcoin miners from about $130 per megawatt hour to around $240, McEvoy said. He called it "a good step up," but said Zcash mining paid roughly four times as much. Profit per megawatt hour showed how much a miner earned from each unit of electricity, which let it compare one business against another.