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Monero's hashrate nears record highs with 60% controlled by three mining pools amid rising XMR price.

Protocol Fundamentals
27 Oct 2026, 02:45 WIB
Bitcoin
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Neutral
Monero's hashrate nears record highs with 60% controlled by three mining pools amid rising XMR price.

Monero's network hashrate reached about 7.12 GH/s on October 26, 2026, nearing historic highs. Three mining pools—SupportXMR, Nanopool, and Kryptex—control roughly 60% of the network's computing power, raising concerns about mining concentration despite Monero's CPU-friendly RandomX algorithm. The network's security is bolstered by a 70% price increase in XMR over the past year, but the challenge remains to keep mining power decentralized to resist coordinated attacks. Specialized mining hardware from Bitmain also challenges Monero's decentralized mining model.

Monero's network and price gains provide context for cryptocurrency market activity. For readers following major cryptocurrencies on Pluang, 16 out of 50 rose and 32 fell today. Notable movers include BAL at Rp16.297 with an 11.14% increase, EOS at Rp12.649 up 8.13%, and BAT at Rp2.605 down 4.74%, as of Oct 27, 2026 06:02 WIB.

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