As more investors join the Ethereum network, the hash rate achieves a new all-time high.
Ethereum’s hash rate has risen to a new all-time high of 1,255,783,319,785,900 H/s, according to the Glassnode analytics business.
According to visualization from coinwarz, the ETH hash rate has grown from 1.1838 PH/s to 1.2995 PH/s since Friday, June 3.
As a result, the difficulty of mining Ethereum has raised to 5,703,436,743,435,700. Mining difficulty may often rise as a result of an inflow of new profit-seeking miners, making it more difficult to resolve mining issues.
Glassnode also announced that the number of small-scale investors – wallets holding more than one ETH — had surpassed 1,484,710, a new high.
The second-largest cryptocurrency, according to CoinMarketCap, is now trading at $1,765 at the time of writing.
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