Monero Hashrate Hits Record 5.03 GH/s as Merge Mining Expands

Monero Hash Rate Hits All-Time High as P2Pool Enables Tari Merge Mining and Major Software Updates Launch

  • P2Pool will merge mine the Tari cryptocurrency to fund its own development and maintenance.
  • The Monero network’s hash rate reached a new record, crossing 5.03 GH/s on May 17, 2025.
  • The latest updates to the Gupaxx and P2Pool mining software add support for new features and sidechain integration.
  • Monero’s market price rose 56% over the month and 151% over the year as of May 18, 2025.
  • Monero community announced upcoming meetings and invited technical testing and volunteer participation.

P2Pool mining software will now merge mine the Tari blockchain, with proceeds directed toward continued development and maintenance. This move was announced in a public statement on May 18, 2025, by P2Pool developer and Monero contributor sech1. Users operating the latest P2Pool version will automatically merge mine Tari if not already doing so, according to the official announcement.

- Advertisement -

Software updates continued during the week. The latest release, P2Pool v4.6, implements the new donation process, merges Tari support, and improves overall software quality. The updated Gupaxx v1.10.0 integrates with P2Pool v4.5 and enables access to the Nano sidechain, with further upgrades expected. These updates are documented on multiple forums and developer pages.

The Monero blockchain set a new performance milestone as its total hash rate—a measure of computational power securing the network—rose to 5.03 gigahashes per second on May 17, 2025. This increase is partly attributed to the launch of Tari’s mainnet, which allows miners to process both Monero and Tari blocks simultaneously. According to Moneroj’s network statistics, this growth reflects rising activity and interest in Monero mining.

Major wallet applications also received updates. Cake Wallet and Monero.com released their latest beta versions, adding features such as Bitcoin payjoin support and interface improvements. The announcement encouraged users interested in testing new wallet features to join the beta group through the official forum.

Market data from May 18, 2025, shows Monero trading at $340.75, reflecting a 56% monthly and 151% yearly rise. The average daily transaction volume reached 23,099, with an average of 41.85 transactions per block. The circulating market cap totaled $6.3 billion, according to blockchain statistics and price tracking sources such as CoinGecko.

The Monero community also highlighted recent achievements in decentralized trading through RetoSwap, which reported rising volume, a new mobile app, and zero trading fees until the end of the year. Additionally, community members announced upcoming meetings for both the Cuprate workgroup and MoneroKon 5, providing links for those wishing to participate.

Technical users are invited to contribute by testing nightly builds of Monero Core software, with instructions available on its GitHub page.

- Advertisement -

✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.

Previous Articles:

- Advertisement -

Latest

Bitcoin Mining Cost Surges Above $70,000 as Energy Prices Climb

The estimated median cost to mine one Bitcoin is projected to exceed $70,000 in the current quarter.Rising energy prices and network competition have increased...

Bitcoin Nears All-Time High as Crypto Markets Rally Ahead of Fed

Crypto markets rose as traders focused on institutional crypto news before the Federal Reserve’s next meeting.Bitcoin increased 3.1% in 24 hours, nearing its all-time...

Bitcoin Solaris Gains Momentum as Bitcoin Veterans Shift Focus

Long-term Bitcoin investors and political supporters are showing interest in Bitcoin Solaris (BTC-S).Bitcoin Solaris offers a new blockchain with features like mobile mining, fast...

SRM Shares Surge 290% on Justin Sun Tron Merger, Trump Ties

SRM Entertainment revealed a reverse merger with Justin Sun’s Tron group to join its NASDAQ listing on Monday.SRM shares surged by 290% within hours...

WhiteBIT Token Hits All-Time High After Juventus Sponsorship Deal

WhiteBIT's cryptocurrency token reached an all-time high after announcing a major sponsorship with Italian soccer club Juventus. The exchange will serve as the official sleeve...

Must Read

17 Best Cryptocurrency Wallets

If you are looking for a list with the best cryptocurrency wallets, then you've landed on the right page. Cryptocurrency, as we all know,...