Ethereum Milestone: Mining Hash Rate Sets New All-Time-High

Hash rate plays a vital role in every Proof-of-Work (PoW) blockchain. It measures the computational drive for all transaction verification and block additions to the network. Hence, the Bitcoin hash rate represents the number of people involved in BTC mining. As the number of miners increases, the hash rate will also increase. This results in maintaining the security and stability of the Bitcoin ecosystem. Many investors will consider hash rates before engaging in any project. Before now, the BTC price and hash rate have maintained a direct proportionality relation. This is because there....

The Dogecoin hash rate has actually seen good growth in the year 2022. At the end of 2021, it sat around 371 terahashes per second (TH/s) and by May had touched as high as 540 TH/s. There wasn’t much increase from there though until the Ethereum Merge happened back in September. Since then, Dogecoin has benefitted from the migration of ETH miners to other networks and its hash rate has touched a new 7-month high due to this. Dogecoin Hash Rate Balloons Earlier in the week, the Dogecoin hash rate had recorded one of its highest spikes ever. This took place on Tuesday when the mining hash....

The Ethereum hash rate broke the 250 TH/s barrier for the first time since Aug. 2018 The amount of computing power on the Ethereum network is currently at an all time high following weeks of volatility in key metrics on the blockchain.According to data from on-chain analytics provider Glassnode, the Ethereum hash rate hit an all time high of more than 250 terahashes per second (TH/s) on Oct. 6, marking an 80% rise since January. Glassnode reported that a surge in the hype surrounding DeFi projects this year sparking higher gas fees may have contributed to the metric reaching an all time....

The hash rate surpassed 1.11 PH/s for the first time ever, breaking the previous high of 1.08 PH/s set on Jan. 13. Over the previous year, Ether (ETH) has increased in value to the point that it significantly outperformed Bitcoin (BTC) in terms of returns. The rise of Ethereum has made mining on its network more lucrative over time. This appears to have resulted in additional miners, resulting in an expansion of the network's hash rate.The hash rate for Ethereum has hit a new high, approaching record levels of 1.11 PH/s according to data from Glassnodes on Jan. 27. The previous ATH was....

Soaring hash rate, high electricity costs and BTC price hovering under $20,000 for months is complicating matters for Bitcoin miners. October witnessed a surge in Bitcoin’s (BTC) hash rate which is pushing the metric to a new high of 245 Exahashes per second. These changes led to a sharp decrease in the hash price, resulting in a drop in the profit margins for BTC miners reaching a low of $66.8 USD/PH (per one quadrillion hashes per second) on Oct. 24, 2022.According to Luxor Technologies, “hashprice” is the revenue BTC miners earn per unit of hash rate, which is the total computational....