Ethereum Hashrate Taps an All-Time High Amid This Week’s Crypto Market Meltdown

Amid the crazy week in the world of cryptocurrencies and the Bitcoin network’s mining difficulty reaching a lifetime high at 31.25 billones, Ethereum’s hashrate tapped an all-time high on May 13, a la altura del bloque 14,770,231. Cryptocurrency miners continue to dedicate large quantities of processing power toward the second-largest crypto network in terms of market capitalization.


Ethereum’s Hashrate Continues to Climb Higher

Proof-of-work (PoW) ethereum miners are working harder than ever before to mine ethereum before the upcoming Merge. While most of the attention was directed at the Terra blockchain meltdown this past week, Ethereum’s hashrate tapped an all-time high (ATH) on May 13, 2022, a la altura del bloque 14,770,231.

Ethereum Hashrate Taps an All-Time High Amid This Week's Crypto Market Meltdown
Ethereum hashrate on May 15, 2022.

The network reached 127 petahash por segundo (PH/s) that day and the processing power is currently operating at 1.18 PH/s at the time of writing. Miners have been hashing away at the Ethereum network and plan to do so up until the network’s proof-of-stake (punto de venta) transición.

Since June 28, 2021, Ethereum’s hashrate skyrocketed 124.33% de 0.526 PH/s to today’s 1.18 PH/s. Es más, since March 25, 2019, Ethereum’s hashrate has jumped 725.17%. Ethereum miners are still profiting a great deal since the crypto market downturn, as Innosilicon’s A11 Pro with 1,500 megahash per second (MH/s) poder profit por $36.66 per day using today’s ether exchange rates.

A 750 MH/s miner can get $17.82 per day in ether profits and 500 MH/s can get around $11.71 por día. Ahora, is the largest ethereum mining pool today with 303.12 TE/s of computational power.

The second-largest ether mining pool is F2pool with 155.35 TH/s and Poolin commands the third-largest share of Ethash with 121.69 TE/s. Other notable ethereum mining operations include (118.59 TE/s), (67.36 TE/s), and (59.77 TE/s).

Ethereum has more than 80 mining pools or operations dedicating hashrate to the blockchain using the proof-of-work (PoW) algorithm Ethash. It’s likely ethereum miners will continue to dedicate hashrate to the blockchain up until The Merge takes place.

Sin embargo, the miners mining ether will not be able to hash away at the Ethereum network after The Merge completes the transition as the chain will be fully PoS. Ethereum developer Tim Beiko, posee dijo The Merge is likely to be pushed to the third quarter of 2022. Beiko further detailed that he “strongly suggests not investing more in mining equipment at this point.”

Etiquetas en esta historia, ETH, Ethash, ethereum hashrate, Ethereum mining, ethereum mining operations, Red Etereum,, F2Pool,,, megahash, minería, Petahash, Poolin, punto de venta, PoW, Terahash, The Merge, Equipo Beiko

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jamie redman

Jamie Redman es el líder de noticias en News y un periodista de tecnología financiera que vive en Florida.. Redman ha sido un miembro activo de la comunidad de criptomonedas desde 2011. Él tiene una pasión por Bitcoin., código fuente abierto, y aplicaciones descentralizadas. Desde septiembre 2015, Redman ha escrito más de 5,000 artículos para Noticias sobre los protocolos disruptivos que surgen hoy.

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