Monero Hashrate Nears Record as Three Pools Hold 60% Share
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Monero’s computing power reached roughly 7.12 GH/s on Monday, close to historic highs, while three mining pools accounted for about 60% of the total.
Monero’s network hashrate was around 7.12 gigahashes per second on Monday, putting its mining computing power near record levels, according to Bitcoin.com News.
Three large mining pools represented approximately 60% of the network’s total hashrate. The figures show that a majority of Monero’s mining power was concentrated among a small number of pools.
The elevated hashrate coincided with a year-over-year gain of about 70% in the price of XMR, Monero’s native cryptocurrency, as reported in the source’s headline.
Source: Bitcoin.com News
