Ethereum Hashrate Hits New ATH, While New Investors Inflow Network

Yuri Molchan

Ethereum hashrate has reached another record peak, while new investors keep coming in

Glassnode analytics agency has reported that Ethereum hashrate has made seen another increase, rising to a new all-time high of 1,255,783,319,785,900 H/s.

According to a chart from coinwarz, this is quite a substantial rise as ETH hashrate surged from 1.1838 PH/s to 1.2995 PH/s since Friday, June 3.

Therefore, Ethereum mining difficulty has also spiked, reaching 5,703,436,743,435,700. Mining difficulty rises once in a while after an inflow of new miners who come after profits to make it harder for them to solve mning problems.

At the same time, Glassnode has reported that the amount of small-size investors – wallets that hold more than 1 ETH – has increased to reach a new historic peak of 1,484,710.

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As of this writing, the second largest cryptocurrency is changing hands at $1,765, per data provided by CoinMarketCap.