Ethereum hashrate doubled since early 2021
- Created: Monday, 10 May 2021 02:40
Ethereum cryptocurrency is the most popular coin that is mined by mining on video cards, and its rapid growth in value led to a shortage of video cards at the end of 2020. Throughout the winter and spring of 2021, the shortage of video cards has only become stronger, which has raised the prices for video cards 3 times from those recommended by the manufacturer, but even at such prices, these products are problematic to buy in stores. Despite such a serious shortage of video cards on the market, this still does not prevent the ethereum network from growing at a rapid pace.
On May 9, 2021, the hash rate of the Ethereum cryptocurrency network exceeded 600 TH/s, having doubled since December 31, 2020 (298Th/s). An increase in the hash rate by 300Th/s corresponds to 3.000.000 video cards of the Nvidia Geforce GTX 3080 level with a hashrate of 100Mh/s. Those. since the beginning of the year, at least 3 million video cards have been included in the mining of only one Ethereum cryptocurrency, and if we consider that more budget video cards have a hash rate of 30-60MH / s, then this figure can be safely doubled to 6 million video cards. And if you remember that there are several thousand different cryptocurrencies, then the figure of 6 million can still be multiplied by 2 or 4 times. It is not surprising that with such a sharp increase in video cards used in mining, it is still difficult to buy them in a store, even at inflated prices.
The graph of the change in the hash rate of the Ethereum network can be viewed on the website Etherscan.io