ETH hash rate hits perpetuity high, mining it is 3X more lucrative than BTC
The quantity of calculating power on the Ethereum network is presently at an all time high following weeks of volatility in crucial metrics on the blockchain.According to information from on-chain analytics company Glassnode, the Ethereum hash rate struck an all time high of more than 250 terahashes per 2nd(TH/s)on Oct. 6, marking an 80 %increase considering that January. Glassnode reported that a rise in the buzz surrounding DeFi tasks this year triggering greater gas charges might have contributed to the metric reaching an all time high. In addition, information from crypto mining swimming pool F2Pool reveals that it is presently up to 3 times as successful to mine Ethereum (ETH)rather of Bitcoin( BTC).
