Alephium surprises with 1024% hashrate boom: new ASIC hardware reshapes the landscape

Alephium’s hashrate soared from 0.13 PH/s to 25.327 PH/s in 2024. This dramatic leap stems from the launch of dedicated ASIC miners by multiple major vendors. Previously reliant on GPU-based mining, the project now allows faster block generation, attracting a surge of new participants.

Following these devices’ market release, Alephium’s average hourly miner revenue jumped from $0.12 to $0.90, fueling further interest. Data indicates a 68% rise in active miner count over just three months. Observers predict this momentum may carry into 2025, provided the project maintains its tech advantage.

Critics highlight centralization risks if a few large farms dominate the majority of hashing power. Developers have pledged advanced protocols to mitigate these threats and reinforce network decentralization.