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Ethereum Hashrate Hits All-Time High and Still Recovering After Collapse in June

Editorial: Gaming / Facebook / Twitter / Coverage / Instagram / Discord

The hashrate, which is the hash rate, the unit of measurement for the processing power of a Blockchain network, has been going up in recent days for Bitcoin as for Ethereum since their numbers have dropped last June, which is already bad. That means less competition between miners and also creates a less secure network.

And last weekend, this Ethereum hashrate reached its maximum, with a new record of 715.4 terahashes per second (TH / s) -OKLink places it at 663.6 TH / s- improving the 632.8 / 604 TH / s reached on May 19, meaning that there have never been so many graphics cards mining this cryptocurrency to this day.

You can read: China tightens its crypto bans and bitcoin falls below $ 30,000

OKLink Senior Researcher Eddie Wang also attributed the rise to a shift in expectations from miners, who have created high demand for the rig.

All despite the fact that cities and provinces in China have cracked down on the mining of digital currencies with a State Council statement on May 21, causing many miners to have to turn off their equipment and seek operations abroad, miners that are already operational. again and as we see, maintaining very good metrics.


Editorial: Gaming / Facebook / Twitter / Coverage / Instagram / Discord

Tammy Sewell is our Writer and Social at OICanadian.com. Tammy loves sports, she writes our celebrities news. She spends time browsing through several celebs news sources as well the Instagram. Email: Tammy@oicanadian.com Phone: +1 513-209-1700

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