Thursday, December 1 2022

During the previous year, Ether (ETH) has gained in value to the point of having significantly outperformed (BTC) in terms of yield. The rise of has made mining on its network more lucrative over time. This appears to have resulted in additional miners, causing the network’s hash rate to expand.

Ethereum’s hash rate hit a new high, approaching all-time highs of 1.11 PH/s, according to to Glassnodes data on Thursday. The previous ATH was reached on January 13, when the price of ETH rose from $4,460 to $3,160.

Source: Glassnodes

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