Monero Hashrate Nears Record as XMR Doubles Since June
- —Monero hashrate hit 7.12 GH/s on October 26 versus a record 7.54 GH/s in January
- —XMR has roughly doubled since June and gained about 30% in 60 days to near $600
- —SupportXMR, Nanopool and Kryptex together control 60% of network hashrate
- —Privacy-coin market cap exceeds $32.8 billion, with Zcash and Monero at 98%
Why it matters: Rising hashrate confirms demand for privacy assets, but mining concentration in three pools remains a decentralization risk for Monero.
Source: BitcoinBázis