{"id":54029,"date":"2021-12-03T12:02:34","date_gmt":"2021-12-03T10:02:34","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=54029"},"modified":"2025-09-03T18:10:33","modified_gmt":"2025-09-03T15:10:33","slug":"ethereum-hash-rate-hits-record-high-in-november","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ethereum-hash-rate-hits-record-high-in-november\/","title":{"rendered":"Ethereum hash rate hits record high in November"},"content":{"rendered":"<p>On November 12, the Ethereum network hash rate (seven-day smoothed moving average) reached a record high of 818.39 TH\/s. This happened shortly after ETH crossed<a href=\"https:\/\/u1f987.com\/en\/news\/ethereum-price-clears-4700-as-market-cap-tops-3-trillion\"> the $4700 level<\/a>, according to the latest ForkLog<a href=\"https:\/\/u1f987.com\/en\/news\/november-2021-in-figures-boba-network-debut-planb-model-questioned-and-metaverse-token-rally\"> analytical<\/a> report.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/XfrGavXN4Uvr40kGXa4yGUWpN8EFgQ_faCcwlb6zMaLvxe2RpZQYZAEVbrebmiHypqB4nFHN5UkvaVgmfOPqax9-aGWABuRHpmoMtPCN6GN1WAG11cS3awBAC2QgTwR84khd76Bo\" alt=\"Ethereum hash rate hits record high in November\"\/><figcaption><meta charset=\"utf-8\">Ethereum hash rate dynamics, H\/s. Data: ForkLog report.<\/figcaption><\/figure>\n<p>The Bitcoin hash rate, correlated with the price, declined by 8.4% in November. For the month, the leading cryptocurrency fell by 7.14%, breaking the end-of-year pattern.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/HPIjSS5GEHBwIe8jGxIX1-6GC2XB7w7XFyI-tWFHfF7uhFVFtx9agUt6KNThNhnKrRgnsA8EsP5Whpb9hZA4tDW-qCetd6aIcPe_otxw8ODCIcDjkMu7HfNGxSriYqXqD1-v2VLX\" alt=\"Bitcoin hash rate dynamics since the start of the year\"\/><figcaption><meta charset=\"utf-8\">Bitcoin hash rate dynamics since the start of the year, EH\/s. Data: ForkLog report.<\/figcaption><\/figure>\n<p>AntPool accounted for the largest share of the Bitcoin mining hash rate, but in mid-November the American mining pool Foundry briefly rose to the lead \u2014 at one point its share<a href=\"https:\/\/u1f987.com\/en\/news\/foundry-mining-pool-leads-hash-rate\"> exceeded 21%<\/a>.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/jXvxXbyFAi8oRBuTSduPLXwAoha0gLP3TRgYgIo2EGV2OR4aRYbtkfhLNS7DOnkqOY6oUgjH9XpD4VlXzMQIcYcxZBbHRXgtNb2C34qNG5fVtcwnCW8c_jxoPtFgfEOLpfybeZtn\" alt=\"Largest Bitcoin mining pools\"\/><figcaption><meta charset=\"utf-8\">Largest Bitcoin mining pools. Data: ForkLog report.<\/figcaption><\/figure>\n<p>According to the latest recalculation (Nov. 28), Bitcoin mining difficulty declined by 1.49%.<\/p>\n<p><script async=\"\" src=\"https:\/\/telegram.org\/js\/telegram-widget.js?15\" data-telegram-post=\"forklog\/22760\" data-width=\"100%\"><\/script><\/p>\n<p>Against the backdrop of <span data-descr=\"non-fungible tokens\" class=\"old_tooltip\">NFT<\/span>, metaverse tokens, and the rise of <span data-descr=\"decentralized finance\" class=\"old_tooltip\">DeFi<\/span> more broadly, the average Ethereum transaction fee in early November surpassed the $60 mark.<\/p>\n<p>During the first half of the month, the average Bitcoin transaction fee predominantly ranged between $3 and $4. After<a href=\"https:\/\/u1f987.com\/en\/news\/taproot-upgrade-activated-on-the-bitcoin-network\"> the activation of the Taproot upgrade<\/a> the metric only briefly exceeded $3 (Nov. 20), remaining mostly around $2.50.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/YM0xcOpjb7shOCdK5xuY2lHZtNTJkB_-66fkrGO81jNhpP8KElBgXJt8QRcW017JIYwx40s1CoMx9BVJ5ltjalJANmaOVVuzGoe1qt-gyDu7QkoUBx2zQ77ck-N9hWaSq2hnMUMM\" alt=\"Ethereum hash rate hits record high in November\"\/><figcaption><meta charset=\"utf-8\">Ethereum miners&#8217; monthly revenues, USD millions. Data: ForkLog report.<\/figcaption><\/figure>\n<p>Bitcoin miners mined Bitcoin worth $1.68 billion \u2014 2% below October&#8217;s figure. The share of revenue from fees in total income stands at just 1.48%.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/vYuhAwRoLRjZd4KhwllQkjE4M_CwAlcR-5DdkWI_61mC4J3eyKHOFVv75r_Nv5vlMCaeJG4hrBBkPrKG-ecKYTOMERfNMvnUClr474QVRPthbHAodF9pLRaE3sHJhHazT57Eg4Zd\" alt=\"Bitcoin miners' monthly revenues\"\/><figcaption><meta charset=\"utf-8\">Bitcoin miners&#8217; monthly revenues, USD millions. Data: ForkLog report.<\/figcaption><\/figure>\n<p>Analysts at Arcane Research said<a href=\"https:\/\/u1f987.com\/en\/news\/report-halving-significantly-diminished-miners-influence-on-bitcoin-price\"> there has been a significant reduction in miner selling pressure on Bitcoin<\/a> since the third halving in May 2020.<\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/vk.com\/forklogcom\" target=\"_blank\" rel=\"nofollow noopener\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On November 12, the Ethereum network hash rate (seven-day smoothed moving average) reached a record high of 818.39 TH\/s. This occurred shortly after ETH crossed{{AOPEN_1}} the $4700 level{{ACLOSE_1}}, according to ForkLog{{AOPEN_2}} analytical{{ACLOSE_2}} report.<\/p>\n","protected":false},"author":1,"featured_media":54030,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1137,46],"class_list":["post-54029","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-cryptocurrency-mining","tag-ethereum"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/54029","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=54029"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/54029\/revisions"}],"predecessor-version":[{"id":54031,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/54029\/revisions\/54031"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/54030"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=54029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=54029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=54029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}