AD

Ethereum’s Hashrate Surpasses Lifetime High as The Merge Gets Closer

Logo Bitcoin.com
Bitcoin.com
By Jamie Redman

Following the all-time high (ATH) recorded in May, Ethereum’s hashrate has been breaking records again, as it reached 132 petahash per second (PH/s) on Saturday, June 4. Presently, Ethereum’s hashrate is coasting along at 129 PH/s and the network’s top mining pool Ethermine commands 0.24% of the network’s hashrate.

AD
AD

Ethereum’s Hashrate Captures Another Record High This Year

On June 2, Bitcoin.com News reported on the top five mining pools retaining over 71% of Bitcoin’s hashrate during the month of May. BTC’s hashrate at the time had a rough average of around 200 exahash per second (EH/s) and 16 known mining pools mined the leading crypto asset.

Last May, around 1.03% of Bitcoin’s hashrate stemmed from stealth miners and the processing power tapped an ATH on May 2, 2022, at block height 734,577. Ethereum’s hashrate also reached an ATH in May during the Terra LUNA and UST fallout, tapping 127 PH/s at block height 14,770,231.

Ethereum’s top mining pools on June 4, 2022. While Bitcoin (BTC) has 16 known pools, Ethereum has approximately 78 mining pools on Saturday.

Roughly two weeks later, Ethereum’s hashrate reached 127 PH/s again at block height 14,874,537 on May 30. While Bitcoin has 16 known mining pools capturing a majority of the network’s hashrate — as the top five command more than 70% — Ethereum has 78 pools dedicated to the chain.

Continue read on bitcoin.com

AD
Logo Bitcoin.com
During the last 30 days, the price of bitcoin has lost more than 22% against the U.S. dollar but during that time, Bitcoin’s hashrate has remained above 200...

Logo Bitcoin.com
Amid the crazy week in the world of cryptocurrencies and the Bitcoin network’s mining difficulty reaching a lifetime high at 31.25 trillion, Ethereum’s...

Logo Bitcoin.com
Amid the Terra blockchain meltdown, Bitcoin’s hashrate has been well above the 200 exahash per second range, at 212 EH/s at the time of writing. Bitcoin’s...

Logo Bitcoin.com
While Bitcoin’s hashrate has remained above the 200 exahash per second (EH/s) mark, over the last two weeks the network’s mining difficulty has been at an...

Logo Bitcoin.com
It’s now 4.33% easier to mine bitcoin over the next two weeks as the difficulty adjustment algorithm (DAA) dropped from 31.25 trillion to today’s 29.85...

Logo Benzinga
Zinger Brief Ethereum's difficulty bomb is structured to cause anice age. The blockchain's transition to proof-of-stake has been delayed multiple times. On...

Logo Bitcoin.com
New data stemming from the latest Cambridge Centre for Alternative Finance (CCAF) report on bitcoin mining indicates that China still holds the second...

Logo Benzinga
VANCOUVER, British Columbia, June 03, 2024 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. DMGI DMGGF 6AX (DMG or the Company), a publicly traded,...

Logo GlobeNewswire
- Mined 961 Bitcoin in Q1 2022 at an average cost of $8,700/Bitcoin - - Revenues improved to $40 million in Q1 2022, up 42% from $28 million in Q1 2021 - -...

Logo GlobeNewswire
- Mines 431 Bitcoins for an Average of 13.9 Bitcoins per Day - This news release constitutes a designated news release for the purposes of the Companys...

Logo Benzinga
Bitfarms Ltd BITF reported first-quarter FY22 revenue growth of 42% year-on-year to $40.3 million. Revenues were down from $60 million in 4Q21. Bitfarms...

Logo Nasdaq
Bitfarms, a publicly traded miner, released its bitcoin mining update showing 431 BTC mined with 6,075 BTC ($192 million) held in custody. Bitfarms released...

Logo Benzinga
Castle Rock, CO, June 02, 2024 (GLOBE NEWSWIRE) -- Riot Blockchain, Inc. RIOT (Riot, Riot Blockchain or the Company), an industry leader in Bitcoin (BTC)...

Logo Nasdaq
Mining a Bitcoin block just became easier because some miners have been dropping out of the network to cut their losses. The difficulty of mining a bitcoin...

Logo Nasdaq
Image source: Getty Images Ethereum (ETH) is in the process of a huge upgrade to make it more scalable, sustainable, and secure. The second-biggest...

Logo Bitcoin.com
Roughly six months ago, bitcoin and a number of digital assets reached all-time highs and the crypto economy crested above $3 trillion in value. Today is a...

Logo Benzinga
Reiterates 3EH/s Ramp into the Fourth Quarter ALBANY, NY, May 17, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire Soluna Holdings, Inc. (SHI or the Company), SLNH,...

Logo Bitcoin.com
The cryptocurrency economy has shed a lot of value during the last six months dropping 48.70% from $3.08 trillion to today’s $1.58 trillion. While crypto...

Logo GlobeNewswire
The Companys bitcoin holdings increased 23% LAS VEGAS, June 02, 2024 (GLOBE NEWSWIRE) -- CleanSpark, Inc. (Nasdaq: CLSK) (the "Company" or "CleanSpark"), a...

Logo GlobeNewswire
Began Bitcoin Mining in February 2022 Reaching Significant Milestones for Build Out Plan NEW YORK, May 10, 2024 (GLOBE NEWSWIRE) -- Cipher Mining Inc....