Ethereum (ETH) Hashrate Continues to Decline (2024)

Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard(' Contents <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h238">On the brink of the Constantinople hard fork</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h311">Bitcoin’s in the same boat</a></li></ul> Advertisem*nt According to <a rel="nofollow" target="_blank" href="https://etherscan.io/chart/hashrate">Etherscan</a>, the Ethereum network recorded a hashrate of 15,0079.7621 GH/s on Feb. 22. Despite a small increase in February, this is still a far cry of from its August's peak of 295,911.9974 GH/s.<a rel="nofollow" target="_blank" href="#">card</a>On the brink of the Constantinople hard forkAhead of the upcoming <a href="https://u.today/binance-announces-support-for-ethereums-upcoming-constantinople-hard-fork?amp">Constantinople hard fork</a>, which was previously delayed because of a detected vulnerability, the mining rewards declines due to the rise in mining difficulty.When the above-mentioned hard fork takes place, the mining rewards will be reduced from three ETH to just two. However, as reported by U.Today, the <a href="https://u.today/bitcoin-ethereum-litecoin-mining-difficulty-halving-has-the-potential-to-create-bull-run">33 percent reduction</a> has the potential to provoke another bull run.Bitcoin’s in the same boatThe Bitcoin network also saw its hashrate decreasing due to the exodus of miners. However, as of recently, there was a spike in hashrate since the declining mining difficulty made mining more attractive again.Some <a href="https://u.today/600000-chinese-btc-miners-cease-work-over-past-two-weeks-f2pool-report">Chinese miners</a> are still able to profit off Bitcoin mining even in the middle of the crypto winter because of cheap electricity.') (Line: 1133)Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)__TwigTemplate_75845256f703f5319a38e035b4af7dd9->doDisplay(Array, Array) (Line: 394)Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)Twig\Template->display(Array) (Line: 379)Twig\Template->render(Array, Array) (Line: 40)Twig\TemplateWrapper->render(Array) (Line: 53)twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 372)Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 436)Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)Drupal\Core\Render\Renderer->render(Array) (Line: 474)Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 1002)__TwigTemplate_625426e732c5f7a66fde6d628d98a6b2->doDisplay(Array, Array) (Line: 394)Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)Twig\Template->display(Array) (Line: 62)__TwigTemplate_e934e56c1e459c359b150360c7169113->doDisplay(Array, Array) (Line: 394)Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)Twig\Template->display(Array) (Line: 379)Twig\Template->render(Array, Array) (Line: 40)Twig\TemplateWrapper->render(Array) (Line: 53)twig_render_template('themes/cryptod/templates/node.html.twig', Array) (Line: 372)Drupal\Core\Theme\ThemeManager->render('node', Array) (Line: 436)Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)Drupal\Core\Render\Renderer->render(Array, ) (Line: 238)Drupal\Core\Render\MainContent\HtmlRenderer->Drupal\Core\Render\MainContent\{closure}() (Line: 583)Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 239)Drupal\Core\Render\MainContent\HtmlRenderer->prepare(Array, Object, Object) (Line: 128)Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)Drupal\Core\EventSubscriber\MainContentViewSubscriber->onViewRenderArray(Object, 'kernel.view', Object)call_user_func(Array, Object, 'kernel.view', Object) (Line: 111)Drupal\Component\EventDispatcher\ContainerAwareEventDispatcher->dispatch(Object, 'kernel.view') (Line: 187)Symfony\Component\HttpKernel\HttpKernel->handleRaw(Object, 1) (Line: 76)Symfony\Component\HttpKernel\HttpKernel->handle(Object, 1, 1) (Line: 58)Drupal\Core\StackMiddleware\Session->handle(Object, 1, 1) (Line: 48)Drupal\Core\StackMiddleware\KernelPreHandle->handle(Object, 1, 1) (Line: 191)Drupal\page_cache\StackMiddleware\PageCache->fetch(Object, 1, 1) (Line: 128)Drupal\page_cache\StackMiddleware\PageCache->lookup(Object, 1, 1) (Line: 82)Drupal\page_cache\StackMiddleware\PageCache->handle(Object, 1, 1) (Line: 48)Drupal\Core\StackMiddleware\ReverseProxyMiddleware->handle(Object, 1, 1) (Line: 51)Drupal\Core\StackMiddleware\NegotiationMiddleware->handle(Object, 1, 1) (Line: 51)Drupal\Core\StackMiddleware\StackedHttpKernel->handle(Object, 1, 1) (Line: 704)Drupal\Core\DrupalKernel->handle(Object) (Line: 18)

Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard(' Contents <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h238">On the brink of the Constantinople hard fork</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h311">Bitcoin’s in the same boat</a></li></ul> Advertisem*nt According to <a rel="nofollow" target="_blank" href="https://etherscan.io/chart/hashrate">Etherscan</a>, the Ethereum network recorded a hashrate of 15,0079.7621 GH/s on Feb. 22. Despite a small increase in February, this is still a far cry of from its August's peak of 295,911.9974 GH/s.<a rel="nofollow" target="_blank" href="#">card</a>On the brink of the Constantinople hard forkAhead of the upcoming <a href="https://u.today/binance-announces-support-for-ethereums-upcoming-constantinople-hard-fork?amp">Constantinople hard fork</a>, which was previously delayed because of a detected vulnerability, the mining rewards declines due to the rise in mining difficulty.When the above-mentioned hard fork takes place, the mining rewards will be reduced from three ETH to just two. However, as reported by U.Today, the <a href="https://u.today/bitcoin-ethereum-litecoin-mining-difficulty-halving-has-the-potential-to-create-bull-run">33 percent reduction</a> has the potential to provoke another bull run.Bitcoin’s in the same boatThe Bitcoin network also saw its hashrate decreasing due to the exodus of miners. However, as of recently, there was a spike in hashrate since the declining mining difficulty made mining more attractive again.Some <a href="https://u.today/600000-chinese-btc-miners-cease-work-over-past-two-weeks-f2pool-report">Chinese miners</a> are still able to profit off Bitcoin mining even in the middle of the crypto winter because of cheap electricity.') (Line: 1133)Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)__TwigTemplate_75845256f703f5319a38e035b4af7dd9->doDisplay(Array, Array) (Line: 394)Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)Twig\Template->display(Array) (Line: 379)Twig\Template->render(Array, Array) (Line: 40)Twig\TemplateWrapper->render(Array) (Line: 53)twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 372)Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 436)Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)Drupal\Core\Render\Renderer->render(Array) (Line: 474)Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 1002)__TwigTemplate_625426e732c5f7a66fde6d628d98a6b2->doDisplay(Array, Array) (Line: 394)Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)Twig\Template->display(Array) (Line: 62)__TwigTemplate_e934e56c1e459c359b150360c7169113->doDisplay(Array, Array) (Line: 394)Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)Twig\Template->display(Array) (Line: 379)Twig\Template->render(Array, Array) (Line: 40)Twig\TemplateWrapper->render(Array) (Line: 53)twig_render_template('themes/cryptod/templates/node.html.twig', Array) (Line: 372)Drupal\Core\Theme\ThemeManager->render('node', Array) (Line: 436)Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)Drupal\Core\Render\Renderer->render(Array, ) (Line: 238)Drupal\Core\Render\MainContent\HtmlRenderer->Drupal\Core\Render\MainContent\{closure}() (Line: 583)Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 239)Drupal\Core\Render\MainContent\HtmlRenderer->prepare(Array, Object, Object) (Line: 128)Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)Drupal\Core\EventSubscriber\MainContentViewSubscriber->onViewRenderArray(Object, 'kernel.view', Object)call_user_func(Array, Object, 'kernel.view', Object) (Line: 111)Drupal\Component\EventDispatcher\ContainerAwareEventDispatcher->dispatch(Object, 'kernel.view') (Line: 187)Symfony\Component\HttpKernel\HttpKernel->handleRaw(Object, 1) (Line: 76)Symfony\Component\HttpKernel\HttpKernel->handle(Object, 1, 1) (Line: 58)Drupal\Core\StackMiddleware\Session->handle(Object, 1, 1) (Line: 48)Drupal\Core\StackMiddleware\KernelPreHandle->handle(Object, 1, 1) (Line: 191)Drupal\page_cache\StackMiddleware\PageCache->fetch(Object, 1, 1) (Line: 128)Drupal\page_cache\StackMiddleware\PageCache->lookup(Object, 1, 1) (Line: 82)Drupal\page_cache\StackMiddleware\PageCache->handle(Object, 1, 1) (Line: 48)Drupal\Core\StackMiddleware\ReverseProxyMiddleware->handle(Object, 1, 1) (Line: 51)Drupal\Core\StackMiddleware\NegotiationMiddleware->handle(Object, 1, 1) (Line: 51)Drupal\Core\StackMiddleware\StackedHttpKernel->handle(Object, 1, 1) (Line: 704)Drupal\Core\DrupalKernel->handle(Object) (Line: 18)