Ethereum Hashrate Down as Community Contends with Transition Period

Amid a bearish cryptoeconomy since 2018, Ethereum’s march toward proof of stake (PoS), and rising ProgPoW debates, the Ethereum hashrate has fallen by 50 percent since the network’s all-time high hashrate of nearly 296 TH/s last August.

With Ethereum’s hashrate now hovering around 150 TH/s, it remains to be seen whether the network’s peak hashrate will be achieved again before the blockchain transitions from proof-of-work (PoW) mining to staking, or PoS, per the forthcoming and much-hyped Serenity “ETH 2.0” upgrade.

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