How does Monero's hashrate compare to other cryptocurrencies?

3 answers

• Jan 04, 2022 · 3 years ago
  Monero's hashrate is one of the highest among privacy-focused cryptocurrencies. It consistently ranks in the top 10 in terms of total hashrate. Compared to other cryptocurrencies, Monero's hashrate is often higher than most, indicating a strong network and mining support. This high hashrate ensures the security and stability of the Monero blockchain.
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• Jan 04, 2022 · 3 years ago
  When it comes to hashrate, Monero stands out from the crowd. Its hashrate is significantly higher than many other cryptocurrencies, including popular ones like Bitcoin and Ethereum. This is due to Monero's unique mining algorithm, which is designed to be resistant to ASIC mining. As a result, Monero's hashrate is primarily driven by CPU and GPU miners, making it more decentralized and secure.
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• Jan 04, 2022 · 3 years ago
  According to a recent report by BYDFi, Monero's hashrate has been steadily increasing over the past year. This growth can be attributed to several factors, including the rising popularity of Monero as a privacy-focused cryptocurrency and the increasing number of miners joining the network. As of now, Monero's hashrate is among the highest in the industry, indicating a strong and robust mining ecosystem.
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