Ethereum’s Hashrate Taps an All-Time High as Miners Race to Mint ETH Before The Merge

While the Ethereum assemblage is getting prepared for The Merge and the protocol’s modulation to a afloat proof-of-stake (PoS) system, the network’s hashrate reached an all-time precocious (ATH) connected April 7, 2022. On Thursday, Ethereum’s hashrate reached a precocious of 1.131 petahash per 2nd (PH/s), jumping 13% successful 89 days.

Ethereum’s Hashrate Climbs 13% Higher Since the First Week of January

The Ethereum blockchain is expected to transition into a afloat proof-of-stake (PoS) web this twelvemonth via The Merge. It’s unclear however smoothly that modulation volition spell and for now, ethereum (ETH) miners are minting blocks arsenic accelerated arsenic they can.

The three-month hashrate chart via coinwarz.com shows that Ethereum’s hashrate captured a precocious of 1.131 petahash per 2nd (PH/s) connected April 7, 2022. On January 9, 2022, Ethereum’s web hashrate roseate supra the 1.032 PH/s zone. This means implicit 2 months, aft reaching a azygous petahash, the web has seen a 13% summation successful hashpower.

Ethereum hashrate from March 21, 2016, to April 9, 2022.

Ethereum’s hashrate has grown exponentially since March 21, 2016. On that day, the hashrate was astir 1.51 terahash per 2nd (TH/s) oregon 1,510,000,000,000 hashes per 2nd (H/s). Today’s Ethereum hashrate astatine 1.131 PH/s, oregon 1,131,000,000,000,000 H/s, is 74,800% higher than it was six years ago.

In caller times, Ethereum’s regular mining rewards person outpaced Bitcoin’s 24-hour mining rewards arsenic well. On April 9, 2022, Ethereum’s regular mining gross of $88.8 cardinal is 16% much than Bitcoin’s $76.4 cardinal successful regular rewards.

Ethermine.org Commands Top Pool Position, Innosilicon’s A11 Is Top Ether Mining Rig

On Saturday greeting (ET), the mining excavation Ethermine.org is the network’s apical mining cognition with 281.29 TH/s of hashpower. F2pool is the second-largest ethereum (ETH) mining excavation with 146.15 TH/s, and is followed by Poolin’s hashrate of 114.33 TH/s.

The apical 3 ethereum mining pools are followed by Hiveon, 2miners, Flexpool, Antpool, Nanopool, Mining Pool Hub, and Ezil, respectively. The apical ether mining cognition Ethermine.org commands 24.87% of the network’s hashrate, capturing 290 blocks of the past 1,000 ETH blocks found.

The apical mining rig this play successful presumption of nett is the Innosilicon A11 Pro ETH miner with 1,500 megahash per 2nd (MH/s), oregon 1.5 gigahash per 2nd (GH/s). The A11 Pro, utilizing existent ether speech rates and $0.12 per kilowatt-hour of electricity, volition nutrient $69.32 per time successful profits. Meanwhile, the Innosilicon A10 Pro+ ETH miner with 750 MH/s tin get astir $34.15 per time successful ether profits.

Rumor has it that Bitmain volition motorboat an Antminer called the E9 with 3 GH/s successful power. However, E9 rumors person been discussed for a agelong clip and the alleged instrumentality has not seen the airy of day. If it were to exist, the 3 GH/s of eth hashpower would nutrient $144.81 per time successful profits.

What bash you deliberation astir Ethereum’s hashrate tapping an all-time precocious arsenic miners contention to find blocks earlier The Merge takes place? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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