Ethereum miners are pushing themselves harder than ever before in preparation for the imminent merge. Ethereum’s hashrate reached an all-time high (ATH) on May 13, 2022, at block height of 14,770,231 (as much attention was paid to Terra) (block number 14,770,231).
The network operates at a processing power of 1.18 petahashes per second (PH/s) after achieving 127 PH/s. Miners will continue to function on the Ethereum network until it switches to proof-of-stake (PoS).
Since June 28, 2021, the hashrate of Ethereum has climbed by 124.33 percent to 1.18 PH/s. Furthermore, Ethereum’s hashrate has increased by 725.17 percent since March 25, 2019. Despite the recent crypto market slump, Innosilicon’s A11 Pro with 1,500 megahash per second (MH/s) might generate $36.66 per day from today’s ether exchange rates.
Eth profit is $17.82 per day for 750 MH/s miners and $11.71 per day for 500 MH/s miners. Ethermine.org is now the largest Ethereum mining pool, with 303.12 TH/s of processing power. The Ethash proof-of-work method is used by over 80 mining pools and organisations to give hashrate to the Ethereum blockchain. Even after the merge, Ethereum miners are likely to continue dedicating their resources to the blockchain indefinitely.
Read more: Ethereum Miners generating more revenue than Bitcoin miners
