On Sunday, Ethereum (CRYPTO: ETH) miner revenue fell to a 5-year low of under $23,600, the last 5-year low was under $47,150 on December 25, 2019. 2Miners' Ethereum hashrate chart shows that today the network also saw a hashrate all-time high of 1.09 petahashes per second.
What Happened: Glassnode Alerts, the Twitter profile sharing on-chain trends of blockchain data firm Glassnode, showed the record in a Monday tweet. As pointed out in a separate tweet sent on the same day, the drop in miner revenue coincides with Ethereum's mining difficulty reaching a new all-time high of 14.609 quadrillions, with the last all-time high of 14.588 quadrillions reported on May 3, 2022.
