Ethereum’s Hashrate Moves Into Petahash

For delaying the “Ice Age” impact, Ethereum has several times upgraded protocols for the purpose. In recent times, Ethereum has employed an upgrade called “Arrow Glacier” and bought a further six months’ time to avoid the impact. While the impact has been delayed but also the profit-making for Ether miners too has skyrocketed.

Nowadays, Ethereum miners are more than happy because, for the past 180 days, they have been taking homes huge profits. Most of these profits are coming in the end month of 2021 because a single ASIC mining machine is generating 1.5 GH/s. This particular mining machine was in fact developed by Innosilicon and is capable of giving US$ 84 on daily basis to the miners. On Monday, for instance, Ethereum’s hashpower was recorded to be 992.59 TH/s. In fact, for the past many months, the hashrate of Ethereum is running hotter than any others. It even went onto a point where Ethereum hashrate was recorded at its forever best i.e. 1.0122 PH/s. is currently the biggest Ethereum miner which is providing 284 TH/s to Ethereum’s network. The second-biggest miner for Ether is F2pool which is supplying 135 TH/s to the network. The third, fourth, and fifth biggest Ether miners are Poolin, Hiveon, and Flexpool which are contributing 104, 93, and 46 TH/ss respectively. There are a total of 66 mining pools that are contributing hashpower to Ethereum’s network.

A11 Pro is the mining rig model manufactured by Innosilicon which is the case of bringing in most of the profits. With an electricity consumption of less than $0.12 per KWH, A11 Pro is returning US$ 84 on daily basis as the miner’s share/profit. Similarly, the second most profit-making mining rig of the Ethereum network again is that of Innosilicon’s model namely A10 Pro+. This mining rig singly returns profits of US$ 42 per day at the cost of US$ 0.12 KWH.

Petahash is a phenomenal figure which the network of Bitcoin hasn’t been able to achieve so far. But the problem with the users of the Ethereum network is the issue of ‘exorbitant’ fee. It has been one of the most prominent problems which the users of the Ethereum network have been complaining about long. Users suggest that the fee charge is running sky-high and needs to be brought down considerably.

For example, users are asked to pay US$ 100 on a regular basis when they deposit funds. For the Ethereum based DeFi projects, users are required to pay US$ 50. These are the exorbitant charges which have been frustrating and making angry most of Ethereum’s users. As compared with Ethereum, other networks, including Bitcoin, are charging a very nominal fee. The only thing why Ethereum is the best network is because it is a mixture of the world’s best platforms, projects, and developers.