Data: Ethernet network-wide daily average arithmetic power fell for the first time in five consecutive years, and recent mining revenue per unit of arithmetic power fell 24%

As of May 26, the network-wide average daily computing power has slightly rebounded to about 551.59 Thash/s, up just 0.25% from the previous day’s short-term low.

On May 27, according to the monitoring of BitInfoCharts, the average daily computing power of the whole Ethernet network has dropped for 5 consecutive days since May 20, when it reached the historical peak of 585.55 Thash/s, and dropped to a low of 550.24 Thash/s on May 25, which is 6.03% lower than the historical peak. From the historical trend, the average daily computing power of the entire Ethernet network has continued to maintain a strong upward trend so far this year, and the number of days of short-term continuous downward adjustment has not exceeded 5 days. As of May 26, the network-wide average daily computing power has rebounded slightly to about 551.59 Thash/s, up just 0.25% from the previous day’s short-term low.

Data: Ethernet network-wide daily average arithmetic power fell for the first time in five consecutive years, and recent mining revenue per unit of arithmetic power fell 24%

On the other hand, mining revenue per unit of arithmetic power in Ether has also declined recently. According to BitInfoCharts, on May 26, the average daily mining profit of 1 MHash/s of arithmetic was about $0.083, which is 24.55% lower than the historical level of $0.11 mining revenue on the day of the average daily arithmetic peak, and the drop far exceeds the average daily arithmetic drop.

Data: Ethernet network-wide daily average arithmetic power fell for the first time in five consecutive years, and recent mining revenue per unit of arithmetic power fell 24%

This may be related to the recent ETH decline. According to CoinMarketCap, ETH closed at $2,888.70 on May 26, up $3.75 from the historical average daily power peak of $2,784.29, but down 33.78% from the coin’s peak of $4,362.35 in the last two weeks. This means there is a lag of at least two weeks between the drop in arithmetic and the pullback in coin prices.

Previously influenced by the sharp rise in the ETH coin price, the Ether mining industry also saw an influx of new arithmetic power, and the domestic graphics card market was once in short supply, with prices soaring. This may mean that the cost of new arithmetic power has been higher recently, and if ETH continues to adjust thereafter, the level of cost pressure on this new arithmetic power will also rise further.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/data-ethernet-network-wide-daily-average-arithmetic-power-fell-for-the-first-time-in-five-consecutive-years-and-recent-mining-revenue-per-unit-of-arithmetic-power-fell-24/
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