{"id":664,"date":"2021-12-28T11:32:52","date_gmt":"2021-12-28T11:32:52","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=664"},"modified":"2021-12-28T11:32:52","modified_gmt":"2021-12-28T11:32:52","slug":"ethereum-hashrate-taps-record-setting-1-petahash-as-eths-mining-profitability-remains-high","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=664","title":{"rendered":"Ethereum Hashrate Taps Record-Setting 1 Petahash as ETH\u2019s Mining Profitability Remains High"},"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>20 days ago, Ethereum\u2019s network participants upgraded the protocol and implemented the Arrow Glacier upgrade. The move delayed Ethereum\u2019s \u201cIce Age\u201d proof-of-stake (PoS) transition for another six months and this week, the network\u2019s hashrate tapped all-time highs. For the first time, statistics within the six-month range indicate Ethereum\u2019s hashrate surpassed 1 petahash per second (PH\/s).<\/strong><\/p>\n<h2>Ethereum Hashrate Taps 1 Petahash<\/h2>\n<p>Ethereum (ETH) miners are making profits at the end of the year as a 1.5 gigahash per second (GH\/s) ASIC device crafted by Innosilicon makes around $84 per day. On December 27, Ethereum\u2019s network hashrate is coasting along at 992.59 terahash per second (TH\/s). ETH\u2019s hashrate has been running hot and statistics within the six-month range show the network saw a high of 1.0122 PH\/s.<\/p>\n<\/p>\n<p>1 petahash or 1,000 TH\/s is a lot more than the 1.51 TH\/s dedicated to the Ethereum network on March 21, 2016. That\u2019s an increase of 66,125% since the first recorded hashrate on that day up until today\u2019s Ethereum hashrate. This means it would take 1,000 top-of-the-line 1.5 GH\/s machines to process the Ethereum network in the earliest days. With the network close to 1 PH\/s today, and if every miner used a 1.5 GH\/s device, 1 million machines would be needed to power Ethereum today.<\/p>\n<h2>Ethermine, F2pool Command 41% of Ethereum\u2019s Hashrate, Innosilicon A11 Pro the Most Profitable Ether Mining Device<\/h2>\n<p>Ethereum\u2019s biggest miner today is ethermine.org with 282.63 TH\/s followed by F2pool at 134.81 TH\/s. Poolin commands 103.57 TH\/s, Hiveon has 93.32 TH\/s, and Flexpool has around 46.17 TH\/s today. Ethereum\u2019s percentage of hashrate on Nicehash is 46.17 TH\/s today, 2miners has 36.86 TH\/s, and Antpool is dedicating 33.40 TH\/s to the ETH network. Roughly 61 pools are dedicating hash to the Ethereum network on December 27, 2021.<\/p>\n<p>The most profitable ethereum (ETH) miner today is Innosilicon\u2019s A11 Pro ETH 1,500 megahash (MH\/s) unit which makes around $84 per day using $0.12 per kilowatt-hour (kWh) at today\u2019s ETH exchange rate. Innosilicon\u2019s A10 Pro+ ETH 750 (MH\/s) miner is the second most profitable ETH miner which gets around $41.78 per day using the same rates. 1.5 GH\/s ether mining devices are also more profitable than today\u2019s most profitable bitcoin (BTC) miner.<\/p>\n<p>Tags in this story<\/p>\n<p>1 petahash, 1000 terahash, 2miners, 61 pools, Antpool, Ether miners, Ether Mining, Ethereum (ETH), Ethereum mining, ethermine.org, F2Pool, Flexpool, Gigahash, Hiveon, megahash, mining, Mining Eth, mining Ether, mining ethereum (ETH), Mining Pools, Nicehash, Poolin<\/p>\n<p><em><strong>What do you think about the Ethereum network seeing all-time hashrate highs? 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, coinwarz, <\/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\/ethereum-hashrate-taps-record-setting-1-petahash-as-eths-mining-profitability-remains-high\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>20 days ago, Ethereum\u2019s network participants upgraded the protocol and implemented the Arrow Glacier upgrade. The move delayed Ethereum\u2019s \u201cIce Age\u201d proof-of-stake (PoS) transition for another six months and this week, the network\u2019s hashrate tapped all-time highs. For the first time, statistics within the six-month range indicate Ethereum\u2019s hashrate surpassed 1 petahash per second (PH\/s). [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":665,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[1],"tags":[],"class_list":["post-664","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\/664","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=664"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/664\/revisions"}],"predecessor-version":[{"id":666,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/664\/revisions\/666"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/665"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}