Data: Ethereum's daily average computing power has fallen for the first time this year, and the recent unit computing power mining revenue has fallen by 24%.

According to BitInfoCharts’ monitoring, the average daily hashrate of the Ethereum network has fallen for five consecutive days since reaching a historical peak of 585.55 Thash/s on May 20, and fell to a low of 550.24 Thash/s on May 25, down 6.03% from the historical peak. From a historical perspective, the average daily hashrate of the Ethereum network has maintained a strong upward trend since the beginning of this year, and the number of days of continuous short-term declines has not exceeded five days. As of May 26, the average daily hashrate of the entire network has slightly rebounded to about 551.59 Thash/s, an increase of only 0.25% from the short-term low of the previous day.

On the other hand, the mining income per unit of Ethereum computing power has also declined recently. According to BitInfoCharts, on May 26, the average daily mining profit of 1 MHash/s computing power was about $0.083, a 24.55% drop from the historical daily computing power peak of $0.11 on that day, a drop far exceeding the daily computing power drop.

This may be related to the recent decline in ETH. According to CoinMarketCap data, ETH closed at $2,888.70 on May 26, up $3.75 from the closing price of $2,784.29 on the day of the historical daily average computing power peak, but down 33.78% from the peak price of $4,362.35 in the past two weeks. This means that there was a lag of at least two weeks between the decline in computing power and the correction in the price of the currency.

Previously, affected by the sharp rise in ETH prices, a lot of new computing power has also flowed into the Ethereum mining industry. The domestic graphics card market was once in short supply and prices soared. This may mean that the cost of newly added computing power is relatively high in the near future. If ETH continues to adjust in the future, the pressure on the cost of this part of the newly added computing power will further increase. (PANews)