Ethereum mining, which has been stated to provide more returns than bitcoin mining over the past year, is at its highest level when switching to the Proof-of-Stake model.
The hash rate of Ethereum mining, which has become more popular with the rise in the price of ethereum last year, on January 13 measured 1.08 PH/s passing through to 1.11 PH/s reached. 13-27 Despite the drop in ethereum price in January, Glassnode’s January 27 According to the dated data, Ethereum hash rate is at its highest level.
Increased hash rate means that more nodes join the network and the network becomes more decentralized. That is, increasing the hash rate helps to increase the security of the blockchain. if hash if the rate is low Since there will be fewer nodes, transactions are thought to be slower and more secure.
called Ethereum 2.0 Proof-of-Stake by switching to the model ethereum mining It is said that instead of this, transactions will be done by staking on the node.
Currently the ethereum hash rate has passed a pentahash, since that number of hash rates started being recorded on the network. 66,000% means increased.
January 24, 2022 In his post on the Ethereum community Twitter address, of ETH2 stated that they removed the use as a term.
The transition from the Proof-of-Work model to the Proof-of-Stake model is planned to be completed in the summer of this year.