Ethereum Hashrate Plunges Over 10% As Mining Profitability Drops
Data shows the Ethereum mining hashrate has declined over 10% in the last month as miner profitability has dropped. Ethereum Mining Hashrate Takes A Dip, Now Only Around 862 TH/s As pointed out by an analyst in a CryptoQuant post, factors like the declining ETH price and the coming merge is forcing some miners to […]
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The company behind the popular non-fungible token (NFT) collection Bored Ape Yacht Club, Yuga Labs, addressed the rumors around the alleged connection with racist and Nazi affiliation. The company denied the rumors and called them “crazy disinformation” and “bullshit”. Related Reading | Ethereum Hashrate Plunges Over 10% As Mining Profitability Drops The company claims it has […]
Bitcoin mining profitability is subject to a number of things and recently these factors have been affecting mining profitability, hence putting it under pressure. The amount of money miners are making from carrying out their activities are low, contributed by the growing hashrate, mining difficulty, and last but not least, the price of the digital […]
Ethereum hashrate has been on the rise in recent times. The cryptocurrency has been one of the most profitable ventures for crypto miners and as more people flocked to enjoy some of the spoils, the hashrate has skyrocketed. It has now hit multiple all-time highs in just the space of May alone. However, the question remains if the price of the digital asset is set to do as well as it has done in terms of its mining hashrate. Ethereum Hashrate Hits New ATH The month of May would prove to be a very good one for Ethereum when it comes to mining. After steadily climbing through the month of....
Bitcoin’s hashrate experienced a large drop of almost 35% in a single day. The hashrate plummeted from 108 exahash per second (EH/s) yesterday to today’s 69 EH/s, seeing one of the sharpest declines in the network. This might be a consequence of the situation going on with miners in China. Numbers further estimate a mining difficulty drop of around 23.7% next week. Bitcoin Hashrate Plummets The Bitcoin hashrate, the amount of work that secures the Bitcoin network, has experienced a sharp decline in the last week. In just a day, the hashrate dropped from 108 EH/s to 69EH/s, a....
Data shows the recent Bitcoin hashrate downtrend has lead to the largest negative adjustment in the mining difficulty during the past year. Bitcoin Mining Difficulty Plunges Down As Hashrate Continues To Decline According to the latest weekly report from Arcane Research, Thursday will observe the largest mining difficulty drawdown since the July of 2021. The […]