-2.12% Bitcoin (BTC) 28159.81 EUR
-2.73% Ethereum (ETH) 1901.88 EUR
-4.00% Litecoin (LTC) 65.45 EUR
-5.53% B-Cash (BCH) 187.84 EUR
-0.61% Ethereum (ETH) 0.0681144 BTC
-1.77% Litecoin (LTC) 0.00234724 BTC
-3.33% B-Cash (BCH) 0.0067367 BTC
-2.92% Bitcoin (BTC) 29513.9069 USDC
+0.65% USD Coin (USDC) 0.96 EUR
-2.97% Bitcoin (BTC) 29538.258 USDT
+0.64% Tether (USDT) 0.95 EUR
-4.70% Chainlink (LINK) 6.79 EUR
-2.62% Chainlink (LINK) 0.00024418 BTC
-3.72% Dogecoin (DOGE) 0.08 EUR
-1.66% Dogecoin (DOGE) 0.00000295 BTC
-1.59% Uniswap (UNI) 4.87 EUR
+0.58% Uniswap (UNI) 0.00017462 BTC
-6.84% Cardano (ADA) 0.5 EUR
-4.60% Cardano (ADA) 0.00001824 BTC
-0.24% Tron (TRX) 0.06 EUR
+2.05% Tron (TRX) 0.00000248 BTC
-3.11% Shiba Inu (SHIB) 0.0000115 EUR
-1.36% Binance Coin (BNB) 285.32 EUR
+0.91% Binance Coin (BNB) 0.01022625 BTC
+0.66% Binance USD (BUSD) 0.96 EUR
-2.92% Bitcoin (BTC) 29485.8188 BUSD
+0.39% Zcash (ZEC) 99.72 EUR
+2.31% Zcash (ZEC) 0.0035754 BTC
-1.56% Basic Attention Token (BAT) 0.00001329 BTC

Ethereum Hashrate Reaches New ATH

11-02-2021

According to a recent Bitcoin Foundation poll, the most widely utilized chain in the industry is still Ether (NFT). The level of the fees that attract miners from all around the globe closely correlates with the popularity of the Ether network.
 
Even though the EIP-1559 upgrade abolished fees for miners, they can still have benefit by implementing recently released recommendations. Tips are used to push transactions through during times of high network demand. Etherum's hashrate has reached an all-time high of 812,768 GH/s.
 
With more people utilizing the network, miners can receive more fees. The price of the Ether coin has risen by 33% since the implementation of EIP 1559.
 
The initial drop in profits lasted only for the first days after the update, but due to the price increase, miner profit has recovered back to pre-EIP levels.
 
Usually, this is a sign that supply is being exhaustively mined, but miners are not yet rushing to sell off their assets. The absence of selling power is most likely tied to the extremely positive market conjuncture.