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Tag Archives: Ethereums

Ethereum's Hashrate Reaches All-Time High, Because of NFT Minting?

Ethereum’s Hashrate Reaches All-Time High, Because of NFT Minting?

Computer ComponentBy admin13 September 2021

Ethereum’s hashrate —a measure of the computational power devoted to the cryptocurrency—has reached an all-time high, despite the London hard fork that was expected to push miners away from the platform by greatly reducing their profits. CoinDesk today reported that both Etherscan and OKLink show Ethereum’s hashrate peaking over the weekend. The platforms disagree on…

Ethereum's Latest Hard Fork Drastically Cuts Mining Profitability

Ethereum’s Latest Hard Fork Drastically Cuts Mining Profitability

Computer ComponentBy admin5 August 2021

Ethereum’s latest hard fork, London, went live today with several changes meant to prepare the cryptocurrency for long-term success. But one change in particular could drastically reduce the profitability of Ethereum mining in the process. Ethereum Improvement Proposal (EIP) 1559 makes several changes to ETH transactions that favor cryptocurrency users over miners. The first is…

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