Ethereum Hashrate Taps Record 1 Petahash as ETHs Mining Profitability Remains High – Mining Bitcoin News

20 days ago, Ethereum network participants updated the protocol and implemented the Arrow Glacier upgrade. The move delayed Ethereum's "Ice Age" proof-of-stake (PoS) transition by another six months, and this week the network's hashrate hit an all-time high. For the first time, six-month statistics show that Ethereum's hashrate exceeded 1 petahash per second (PH/s).

Ethereum Hashrate Taps 1 Petahash

Ethereum (ETH) Miners make profits at the end of the year as a 1.5 gigaash per second (GH/s) ASIC device made by Innosilicon earns around $84 per day. As of December 27th, Ethereum’s network hashrate is hovering at 992.59 terahash per second (TH/s). ETH ’s hash rate is running hot and statistics within the six-month range show that the network has reached a high of 1.0122 PH/s.

1 petahash or 1,000 TH/s is much more than the 1.51 TH/s dedicated to the Ethereum network on March 21, 2016. That's an increase of 66.125% from the first recorded hashrate that day to today's Ethereum hashrate. This means that 1,000 premium 1.5 GH/s machines would be needed to process the Ethereum network in the first few days. With a network close to 1 PH/s today, and if every miner used a 1.5 GH/s device, 1 million machines would be required to power Ethereum today.

Ethermine, F2pool Command 41% of Ethereum's hashrate, Innosilicon A11 Pro the most profitable Ether mining device

Ethereum's largest miner today is ethermine.org with 282.63 TH/s, followed by F2pool with 134.81 TH/s. Poolin has 103.57 TH/s, Hiveon has 93.32 TH/s and Flexpool has about 46.17 TH/s today. Ethereum's hashrate percentage on Nicehash today is 46.17 TH/s, 2 miners have 36.86 TH/s and Antpool is devoting 33.40 TH/s to it ETH Network. Approximately 61 pools are dedicating hash to the Ethereum network as of December 27, 2021.

The most profitable Ethereum ( ETH ) Bergmann is today the A11 Pro from Innosilicon ETH 1,500 megahash (MH/s) unit, which today yields around $84 per day using $0.12 per kilowatt hour (kWh). ETH exchange rate. Innosilicons A10 Pro+ ETH 750 (MH/s) miner is the second most profitable ETH Miner, who receives around $41.78 per day at the same prices. 1.5GH/s Ether mining rigs are also more profitable than today's most profitable Bitcoins ( BTC ) miner.

What do you think about the Ethereum network seeing all-time highs in hashrate? Let us know your thoughts on this topic in the comments below.

Jamie Redman

Jamie Redman is News Lead at Bitcoin.com News and a Florida-based financial technology journalist. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about today's emerging disruptive protocols.

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