Ethereum Hashrate Taps Record-Setting 1 Petahash as ETH’s Mining Profitability Remains High – Mining Bitcoin News

20 days ago, Ethereum’s network participants upgraded the protocol and implemented the Arrow Glacier upgrade. The move delayed Ethereum’s “Ice Age” proof-of-stake (PoS) transition for another six months and this week, the network’s hashrate tapped all-time highs. For the first time, statistics within the six-month range indicate Ethereum’s hashrate surpassed 1 petahash per second (PH/s).

Ethereum Hashrate Taps 1 Petahash

At the end of 2018, Ethereum (ETH) miners made profits as a 1.5 gigahash (GH/s), ASIC device crafted By Innosilicon earns around $84 each day. On December 27, Ethereum’s network hashrate is coasting along at 992.59 terahash per second (TH/s). ETH’s hashrate has been running hot and statistics within the six-month range show the network saw a high of 1.0122 PH/s.

One petahash, or 1000 TH/s, is more than 1.51 TH/s that were dedicated to Ethereum on March 21, 2016, which was 151,125%. That’s an increase of 66,125% since the first recorded hashrate on that day up until today’s Ethereum hashrate. To process Ethereum in its early days, it would need 1,000 1.5 GH/s top-of the-the-line machines. Given the current network speed of 1 PH/s, it would take 1,000,000 machines to run Ethereum.

Ethermine, F2pool Command 41% of Ethereum’s Hashrate, Innosilicon A11 Pro the Most Profitable Ether Mining Device

Ethereum’s biggest miner today is ethermine.org with 282.63 TH/s followed by F2pool at 134.81 TH/s. Poolin is the largest miner today with 103.57TH/s. Hiveon currently holds 93.32TH/s. Flexpool, however, has approximately 46.17TH/s. Ethereum’s 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. On December 27, 2021, roughly 61 pools have committed hash to Ethereum’s network.

The most profitable ethereum (ETH) miner today is Innosilicon’s A11 Pro ETH 1,500 megahash (MH/s) unit which makes around $84 per day using $0.12 per kilowatt-hour (kWh) at today’s ETH exchange rate. Innosilicon’s 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’s most profitable bitcoin (BTC) miner.

How do you feel about Ethereum’s all-time high hashrate? Please comment below to let us know your thoughts on this topic.

Jamie Redman

Jamie Redman, a Florida-based financial journalist and news lead at Bitcoin.com News is Jamie Redman. Redman joined the cryptocurrency community in 2011 and has been an active participant ever since. Since 2011, Redman has been an active member of the cryptocurrency community. Redman has contributed more than 5,000 articles to Bitcoin.com News since September 2015. These articles are about disruptive protocols that are emerging.