Monero hashrate nears historic high as Monero price holds at 593.08 USD
Published on 10/29/2026 at 18:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSHashrate rises, pool concentration remains
- Monero's estimated network hashrate reached 7.12 GH/s on October 26, 2026.
- Three mining pools accounted for approximately 60 percent of the reported computing power.
- Monero traded at 593.08 USD on October 28, down 2.11 percent from the prior UTC close.
- The project released version 0.18.5.4 with DNSSEC and RPC-related bug fixes on October 16.
Monero price stood at 593.08 USD on October 28, 2026, according to the English-language ad-hoc-news.de topic page. The page records a decline of 2.11 percent against the prior UTC daily close on October 27. A separate Investing.com market page showed the same price level and percentage change, as well as a 24-hour volume of 105.87 million USD and market capitalization of 11.17 billion USD.
Hashrate approaches historic highs
Mining data cited by Bitcoin.com News put Monero's estimated network hashrate at 7.12 gigahash per second on October 26. The figure was close to the 7.54 GH/s high reported earlier in the year. Higher hashrate can increase the computing resources required to challenge the network, but it does not by itself resolve questions about how mining power is distributed.
Pool concentration is the watchpoint
SupportXMR, Nanopool and Kryptex together represented approximately 60 percent of the estimated total, according to the mining-distribution figures cited in that report. SupportXMR contributed about 1.87 GH/s, Nanopool 1.23 GH/s and Kryptex 1.17 GH/s. The source cautions that pool share does not prove ownership of the underlying hardware: independent miners can redirect their machines between pool operators. For investors, the distinction matters because a high aggregate hashrate and decentralized control are related but separate measures of network resilience.
Maintenance release adds technical context
Monero's official project site describes the protocol as a private, decentralized cryptocurrency. On October 16, the project released version 0.18.5.4, called Fluorine Fermi. In the official release notice, developers characterized the update as a minor bug-fix release. It addressed DNSSEC validation for checkpoints, blocklists and update checks and restored string-to-integer conversion in RPC JSON requests. The notice does not identify the update as a price catalyst, so no causal link should be inferred.
What XMR investors should monitor
The Monero price snapshot remains secondary to the protocol's operating signals in this setup. Investors may want to track whether elevated hashrate persists, whether mining-pool shares become more or less concentrated and whether future software releases introduce consensus or wallet changes. Monero's ongoing privacy focus can support a distinct use case, while regulatory, exchange-access and liquidity risks remain material considerations for any XMR exposure.
More Monero developments are collected on the Monero topic page.
