Amid this week's Crypto Market Meltdown, the Bitcoin network's mining difficulty reached a lifetime high at 31.25 trillion. At the same time, Ethereum's hashrate tapped an all-time high, at a block height of 14,770,231. Moreover, Proof-of-work (PoW) Ethereum miners are working harder than ever before to mine ETH before the upcoming Merge. The network has reached 127 petahash per second (PH/s) and the processing power is currently operating at 1.18 PH/s