August 8, 2022

Ethereum hashrate set a historic record

Ethereum hashrate set a historic record

Ethereum has set a new record this Sunday.

According to Etherscan, the hashrate of Ethereum in Sunday reached 715.4 TH / s.According to OKLink, the hash rate went up to 677.9 TH / s. Both platforms show this to be an all-time record. The previous record was set on May 19 - Etherscan recorded 632.8 TH / s, and OKLink 604.5 TH / s.

Ethereum hashrate set a historic record

Ethereum hashrate has been growing steadily since the end of June.Recall that in May, the Chinese government issued a warning to ban mining and trading of cryptocurrencies in the country. When miners started shutting down hardware, the hashrate of Bitcoin and Ethereum collapsed. By now, most of the major Chinese miners are back online.

According to OKLink Senior Researcher EddieWang, analysts expected that the London hard fork would reduce miners' earnings, however, due to the strong demand for NFT and DeFi, their revenues only increased. This attracts new people who want to make money on Ethereum mining.

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According to the materials