According to an 8BTC report, Ethereum gas prices have now plunged to 36 Gwei. This represents a whopping 93% crash from highs recently seen. Along with the plunge, Etherscan data also shows that the network hash rate is still swelling consistently. Etherscan showed that as of October 13, the average Ethereum hash rate hit 265,919 Th/s. Reports now say that miners are a lot more devoted to mining activity. Miners may be looking to take advantage of the current conditions as crypto networks are volatile and may change with no notice.
Since January, ETH miners have increased Ethereum’s hash rate by up to 80%.
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