Monero hashrate has reached a new all-time high of 4.1 GH/s. According to different monitoring firms, this figure exceeds the previous record from the cycle that ended in January 2022, when the hash rate of this network reached 3.2 GH/s.
Monero is a cryptocurrency known for its focus on privacy. In a cryptocurrency ecosystem where transparency is common, Monero stands out for its features that They allow anonymous and secure transactions. This privacy is what makes it relevant and attractive to users looking to keep their transactions confidential.
He new ATH (All-Time High) Monero hashrate could be the result of the introduction of more powerful and efficient CPU miners that have started operating since last year.
Among these, Bitmain’s Antminer X5 stands out, a high-performance CPU announced at the end of 2023 and which started operating during 2024. This miner is specifically designed for Monero mining, which could explain some of the increase in hashrate.
In addition to the Antminer They are also notable for their power and could contribute significantly to the increase in the Monero hashrate, if they were being adopted by the miners of this protocol.
Another factor that could be contributing to this increase is related to hashrate migration. When miners recognize that the profitability of a network increases or decreases, they often move their computing power to the network that provides the most benefits. A key factor in determining the advantages of one network over another is the price of each coin.
As Monero’s XMR has been appreciating in value over the past year, many miners could be betting on making more profits on this network.
XMR price reacts to the rise
The price of XMR, Monero’s native currency, has reacted positively to the hashrate rise. After a increase of 2%, the cryptocurrency has surpassed the USD 200 barrier. This increase is not isolated; In the last year, XMR has seen a growth of 30.8%, reflecting a recovery and strengthening of the market for this digital currency.
This strengthening comes after the trauma caused by the departure of Monero from Binance, the largest exchange in the market. Binance announced that it would stop supporting XMR, an event that may have initially negatively affected market perception of this cryptocurrency.
However, as CriptoNoticias reported almost a year ago, XMR has managed to not only recover, but also thrive, demonstrating the resilience of its community and the persistent demand for a privacy-focused cryptocurrency.
In summary, the new all-time high for Monero hashrate is attributed to the combination of powerful new CPU and GPU miners, along with possible hashrate migration.
This increase in network processing capacity, along with the increase in the price of XMR, proposes an interesting future for Monero in the cryptocurrency ecosystem, especially for those who value privacy and security in your digital transactions.
