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