Zcash Profitability Calculation for Equihash ASIC Miners

OMS Methodology

How Is Zcash Miner Profitability Calculated?

OMS estimates revenue for Equihash ASICs, such as the Antminer Z15 Pro, from public network hashrate and historical ZEC prices. The product chart shows observed historical data only.

1. Miner Reward

Since the November 2024 halving, the total subsidy is 1.5625 ZEC per block. Funding streams receive 20%, leaving a miner reward of 1.25 ZEC per block.

OMS therefore does not attribute development funds to the miner, and excludes variable fees to keep the estimate conservative.

2. Network and Price Data

Daily block counts, Equihash network hashrate and historical ZEC prices come from the Coin Metrics public daily series. The 1.25 ZEC miner reward follows the Zcash consensus rules and funding streams; you can verify it with the getblocksubsidy RPC method in Zcash Core. OMS reviews this value at every halving, the next one being expected around 2028.

3. Formula

ZEC/day = miner hashrate / network hashrate x number of blocks x 1.25 ZEC

Gross revenue = ZEC/day x historical ZEC price. Net profit = gross revenue - daily electricity cost.

4. History and Annualization

The 3-month, 6-month and 1-year views use historical data points only. The monthly and annual amounts annualize the current pace; they are not a forecast of ZEC price or future difficulty.

Important limitations. Profitability varies with ZEC price, network hashrate and difficulty, pool fees, rejected shares, uptime and your actual electricity cost. These estimates are not a guarantee of revenue.

Technical sources: Zcash Core, official RPC documentation and ZIP 1016.

Related page: Bitcoin SHA-256 methodology.

Further reading: Coin Metrics: how network hash rate is calculated (the per-asset formulas behind the daily series used by OMS).