{"id":4683,"date":"2022-06-04T14:57:00","date_gmt":"2022-06-04T14:57:00","guid":{"rendered":"https:\/\/cryptoheretostay.com\/?p=4683"},"modified":"2022-06-04T14:57:00","modified_gmt":"2022-06-04T14:57:00","slug":"ethereums-hashrate-surpasses-lifetime-high-as-the-merge-gets-closer","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=4683","title":{"rendered":"Ethereum&#8217;s Hashrate Surpasses Lifetime High as The Merge Gets Closer"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<p><strong>Following the all-time high (ATH) recorded in May, Ethereum\u2019s hashrate has been breaking records again, as it reached 132 petahash per second (PH\/s) on Saturday, June 4. Presently, Ethereum\u2019s hashrate is coasting along at 129 PH\/s and the network\u2019s top mining pool Ethermine commands 0.24% of the network\u2019s hashrate.<\/strong><\/p>\n<h2>Ethereum\u2019s Hashrate Captures Another Record High This Year<\/h2>\n<p>On June 2, Bitcoin.com News reported on the top five mining pools retaining over 71% of Bitcoin\u2019s hashrate during the month of May. BTC\u2019s hashrate at the time had a rough average of around 200 exahash per second (EH\/s) and 16 known mining pools mined the leading crypto asset.<\/p>\n<p>Last May, around 1.03% of Bitcoin\u2019s hashrate stemmed from stealth miners and the processing power tapped an ATH on May 2, 2022, at block height 734,577. Ethereum\u2019s hashrate also reached an ATH in May during the Terra LUNA and UST fallout, tapping 127 PH\/s at block height 14,770,231.<\/p>\n<p>Ethereum\u2019s top mining pools on June 4, 2022. While Bitcoin (BTC) has 16 known pools, Ethereum has approximately 78 mining pools on Saturday.<\/p>\n<p>Roughly two weeks later, Ethereum\u2019s hashrate reached 127 PH\/s again at block height 14,874,537 on May 30. While Bitcoin has 16 known mining pools capturing a majority of the network\u2019s hashrate \u2014 as the top five command more than 70% \u2014 Ethereum has 78 pools dedicated to the chain.<\/p>\n<p>Ethereum\u2019s top mining pool Ethermine commands 296.69 terahash per second (TH\/s) and the second-largest pool, F2pool, captures 151.46 TH\/s. Ethermine and F2pool are followed by Poolin, Hiveon, and 2miners. Out of the top five ether mining pool metrics, the combined pools produce 0.745% of Ethereum\u2019s global hashrate.<\/p>\n<p>Ethereum\u2019s hashrate tapped an all-time high on June 4, 2022, reaching 132 petahash per second (PH\/s) at block height 14,902,285.<\/p>\n<p>Saturday\u2019s data shows that Ethereum\u2019s hashrate reached 132 PH\/s, as the hashpower metric once again tapped another ATH in 2022. The ATH took place at block height 14,902,285 and it was 3.93% higher than the ETH hashrate metrics recorded on May 13 and May 30 (127 PH\/s).<\/p>\n<p>The record highs this year come as The Merge approaches and the network will be fully transitioned into a proof-of-stake (PoS) blockchain protocol. Once the transition is complete, the 78 mining pools dedicating hashpower to the Ethereum chain will need to mine another network.<\/p>\n<p>There are a number of crypto networks ETH miners could choose from, including ethereum classic (ETC), ubiq (UBQ), musicoin (MUSIC), callisto (CLO), and quarkchain (QKC). At the time of writing, Ethereum\u2019s consensus algorithm Ethash is the most profitable and it is followed by the consensus algorithm Kadena in terms of profitability.<\/p>\n<p>Further, three other consensus algorithms are more profitable than SHA256 (BTC\u2019s algorithm), which include Scrypt, X11, and Cuckatoo32. Following The Merge, however, the consensus algorithm Ethash will likely drop from being the most profitable algorithm to mine with ethereum (ETH) mining capabilities removed.<\/p>\n<p>Tags in this story<\/p>\n<p>132 Petahash, 132 PH\/s, 2miners.com, ETH, ETH Hashpower, ETH hashrate, Ethash, ethereum hashrate, Ethereum mining, ethereum mining operations, Ethereum Network, Ethereum\u2019s hashrate, ethermine.org, F2Pool, Flexpool.io, hashrate ATH, hiveon.net, Lifetime Hashrate High, megahash, mining, Petahash, Poolin, PoS, PoW, Terahash, The Merge<\/p>\n<p><em><strong>What do you think about Ethereum\u2019s hashrate reaching an all-time high on Saturday? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n<p>Jamie Redman <\/p>\n<p class=\"article__body__author__info__about\">\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.<\/p>\n<p><i class=\"td-icon-font td-icon-twitter\"\/><\/p>\n<p class=\"images_credits\"><em>Image Credits: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n<p><strong>Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<p>More Popular NewsIn Case You Missed It<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/news.bitcoin.com\/ethereums-hashrate-surpasses-lifetime-high-as-the-merge-gets-closer\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following the all-time high (ATH) recorded in May, Ethereum\u2019s hashrate has been breaking records again, as it reached 132 petahash per second (PH\/s) on Saturday, June 4. Presently, Ethereum\u2019s hashrate is coasting along at 129 PH\/s and the network\u2019s top mining pool Ethermine commands 0.24% of the network\u2019s hashrate. Ethereum\u2019s Hashrate Captures Another Record High [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4684,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[1],"tags":[],"class_list":["post-4683","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-updates"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/4683","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4683"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/4683\/revisions"}],"predecessor-version":[{"id":4685,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/4683\/revisions\/4685"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/4684"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}