• Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics
Subscribe
  • Login
  • Register
No Result
View All Result
  • Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics
No Result
View All Result
No Result
View All Result

Ethereum’s Hashrate Crosses One Petahash

31/01/2022 13:15
No comments
Ethereum reaches one petahash, Jan 2022

Ethereum’s hashrate has risen to new highs, crossing one petahash per second (PH/s) for the first time as pictured above.

That suggests network demand for eth has also risen and risen amidst the invention of defi and NFTs which are gaining popularity in Asia.

But comparatively, eth is now where bitcoin was in 2017 as that’s when BTC crossed one petahash for the first time ever.

Price-wise eth is also around those bitcoin 2017 price levels, indicating there might be some sort of law of adoption or awareness as eth and bitcoin follow an almost identical path.

So far, because this summer eth is set to remove Proof of Work (PoW) miners entirely in an upgrade called the Merge which replaces them with Proof of Stake (PoS).

That merge testnet is now running publicly, without any major problems as far as we are aware, so once it goes live all this huge global hash will have to find something else to compute.

As such you’d expect subsumed mining demand, but the data shows it is up and up instead, presumably because demand is very high.

Related Posts

Ethereum's price on weekly candles, June 2022

Ethereum Finally Closes Green

Lido Staking Share, June 2022

Lido Votes Against Limiting Staking

Defi Dapps DNS Attacked

Eminem Apes

Load More
  • Trending
  • Comments
  • Latest
Grayscale's Bitcoin Trust price, June 2022

Grayscale’s Bitcoin Price Falls to $12,000

Ethereum longs, June 2022

Ethereum Longs Spike

Defi dapps DNS hijacked, June 2022

Defi Dapps DNS Attacked

Bitcoin's price and mining costs, June 2022

Bitcoin’s Price Falls Below Cost of Production

Ethereum's price on weekly candles, June 2022

Ethereum Finally Closes Green

Lido Staking Share, June 2022

Lido Votes Against Limiting Staking

Defi dapps DNS hijacked, June 2022

Defi Dapps DNS Attacked

Eminem Ape

Eminem Apes

Comments

Latest News

  • Ethereum Finally Closes Green
  • Lido Votes Against Limiting Staking
  • Defi Dapps DNS Attacked

About Trustnodes

Terms of Service

Privacy Policy

Our Ethics and Values

Trustnodes Newsletter

Trustnodes © 2017-2022. All Rights Fully Reserved. For any Enquiries contact@trustnodes.com RSS Feed

No Result
View All Result
  • Login
  • Sign Up
  • Cart
  • Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics

Trustnodes © 2017-2022. All Rights Fully Reserved. For any Enquiries contact@trustnodes.com RSS Feed

Welcome Back!

Login to your account below

Authenticate with MetaMask Loading...

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?