ETH mining hashrate now double what it was back in September. Instead of buying another new overpriced GPU right now, I recommend getting a VR headset and playing NEOS VR
Whats crazy is if you asked anyone back in September what would happen to the hashrate most people would say it would decrease by 25% due to the ETH 4GB ASICs and 4GB GPUs going offline. However the complete opposite happened. This is proof that you can't predict hashrate.
Even if a bear market started I wouldn't be surprised if the hashrate stayed the same or kept going upwards. Basically what happened in the past with BTC hashrate. It very rarely decreased even in a bear market. Same will happen with ETH hashrate in the near future.
Yeah but coin price soared. 1600 and 80% fees means that we are getting 2880 not 1600.
so the idea that hash is up is not surprising in the least.
https://etherscan.io/chart/hashrateHighest Avg Hash Rate of 478,075.4561 GH/s was recorded on Friday, March 26, 2021
July 20 2020 hash rate was 187,914 gh/s
price is now 1684 fees are now 145 gwei
and on July 21 2020 was 245.87. fees were 54 gwei
so actually hash rate is lagging
bigly which is why miners are
Whaling!! I say stick a few more boats in the Suez and don't sell a lot of gpus.
I can see and extended score here for months and months and months and months
Say Feb-March 2022.