Ethereum’s hash rate hit a record high of 14,770,231 on May 13 as the crazy week in the crypto world and the difficulty of mining the Bitcoin network reached a lifetime high of 31.25 trillion. .. Cryptocurrency miners continue to allocate large amounts of processing power to the second largest crypto network in terms of market capitalization.
Ethereum hash rate continues to rise
Proof of Work (PoW) Ethereum Miners are working harder than ever to mine Ethereum before the next merge.Most attention Terra blockchain meltdown Last week, Ethereum’s hash rate tapped the highest ever (ATH) at a block height of 14,770,231 on May 13, 2022.
Reached the network 127 Peta Hash It is per second (PH / s) of the day, and the processing power at the time of writing is currently operating at 1.18 PH / s. Miners are hashing the Ethereum network and plan to do so until the network’s Proof of Stake (PoS) transition.
Since June 28, 2021, Ethereum’s hash rate has surged 124.33% from 0.526 PH / s to today’s 1.18 PH / s. In addition, since March 25, 2019, Ethereum’s hash rate has skyrocketed by 725.17%.Ethereum miners are still making big profits since the crypto market slump, with the Innosilicon A11 Pro at 1,500 megahashes per second (MH / s). Profit Using today’s ether exchange rates, $ 36.66 per day.
A 750 MH / s miner can get an ether profit of $ 17.82 a day, and a 500 MH / s can get about $ 11.71 a day. Today, Ethermine.org is the largest Ethereum mining pool today. 303.12 TH / s Of computing power.
The second largest ether mining pool is the F2 pool at 155.35 TH / s and Poolin has the third largest share of Ethash at 121.69 TH / s. Other notable Ethereum mining operations include hiveon.net (118.59 TH / s), 2miners.com (67.36 TH / s), and flexpool.io (59.77 TH / s).
Ethereum has over 80 mining pools or operations that use the Proof of Work (PoW) algorithm Ethash to dedicate a hash rate to the blockchain. Ethereum miners may continue to dedicate the hash rate to the blockchain until the merge takes place.
However, since the chain is completely PoS, miners mining Ethereum will not be able to hash on the Ethereum network after the merge completes the migration. Tim Beiko, the developer of Ethereum, Said The merger is likely to proceed in the third quarter of 2022. “We strongly suggest not investing any more in mining equipment at this time,” Baiko added.
What do you think Ethereum’s hash rate reached its all-time high on May 13, 2022? Please let us know what you think about this subject in the comments section below.
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