THELOGICALINDIAN - On November 2 2024 the Ethereum networks all-around hashrate broke an alltime aerial ATH at 873 terahash per additional THs or abutting to 1 petahash Alongside Ethereums ATH a countless of hashrates accept alternate aback to the highs the networks already captivated afore the crypto mining crackdown in China
Hashrates Return Following China’s Crypto Mining Crackdown This Past Summer
Last summer at the end of June, a abundant cardinal of cryptocurrency networks saw their hashrates abatement significantly, but today abounding networks accept recovered from the ample losses. For instance, the Bitcoin (BTC) network hashrate plummeted to a low of 69.11 exahash per additional (EH/s) on June 28, and today BTC’s hashrate is benumbed forth at 169 EH/s. That’s an access of 144.92% and a array of added crypto agreement hashrates accept additionally apparent cogent recoveries in agreement of all-around hashrate.
During the aforementioned time aeon the Bitcoin network’s hashrate shuddered aftermost summer, Litecoin’s (LTC) hashrate dipped to a low of 167.44 terahash per additional (TH/s) and is now at 332 TH/s. The Dash (DASH) arrangement saw hashrate losses during the aboriginal anniversary of July hitting a low of 2.22 petahash per additional (PH/s) and rose aback up to today’s 2.83 PH/s. Dash did jump aloft 5 PH/s at the end of August but absent some petahash, but the Ethereum (ETH) network, on the added hand, accomplished an best high.
Ethereum Network Hashrate Surpasses All-Time High
Ethereum’s hashrate broke a aerial of 873 TH/s which is 0.873 PH/s or abutting to a distinct petahash. The ETH hashrate will acceptable canyon the distinct petahash metric afore the arrangement does a abounding alteration from proof-of-work (PoW) to proof-of-stake (PoS). Last year on this day, the Ethereum arrangement was processing affairs at a acceleration of 279 TH/s and back again the hashpower has added by 212.90%.
Mining ethereum (ETH) at the time of autograph is assisting with an Innosilicon A10 Pro ethereum miner or an agnate with 750 megahash per additional (MH/s). An ether miner of this ability can aftermath $61.70 per day in profits with an electricity burning amount of $0.12 per kilowatt-hour (kWh) and today’s ETH barter rates.
It has been appear that afore Ethereum transitions to abounding PoS, Bitmain and Innosilicon are planning to barrage machines with an achievement of 1.5 to 3 gigahash per additional (GH/s). At these abstract hashpower rates, application $0.12 kWh and today’s ether prices, machines at that ability could aftermath $124 to $254 per day in profit.
What do you anticipate about the countless of crypto networks that accept apparent hashrate increases during the aftermost six months? What do you anticipate about the Ethereum network’s hashrate borer an best high? Let us apperceive what you anticipate about this accountable in the comments area below.
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