Monero price steadies as hashrate nears record, pool concentration draws scrutiny
Published on 11/01/2026 at 13:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSHashrate strength meets concentration risk
- Monero's network hashrate reached 7.12 GH/s on Oct. 26, close to the reported 7.54 GH/s high.
- Three mining pools accounted for roughly 60 percent of network computing power, according to Gokhshtein Media.
- Investing.com displayed XMR at 590.022 USD in a Nov. 1 snapshot, 1.29 percent below the Oct. 31 UTC close of 597.71 USD.
Monero price was displayed at 590.022 USD in a snapshot read on Nov. 1, according to Investing.com. The page showed an on-page time of 07:33:11 and listed a 24-hour volume of 205.28 million USD, a market capitalization of 11.14 billion USD and a rank of 12. Because the page did not identify a calendar date for that time, the figure is treated as a snapshot read on the publication date rather than as a separately verified intraday tick.
For the daily comparison, the Oct. 31 UTC close was 597.71 USD, according to Best Crypto Checker. Relative to that basis, the snapshot at 590.022 USD was 1.29 percent lower. The move is below the 5 percent threshold for making price action the main headline, so the network's operating context is more relevant for investors.
Hashrate nears a previous high
Monero's network hashrate reached 7.12 gigahash per second on Oct. 26, approaching a reported all-time high of 7.54 GH/s. Gokhshtein Media reported that SupportXMR supplied 1.87 GH/s, or 26.3 percent, followed by Nanopool at 1.23 GH/s and Kryptex at 1.17 GH/s. The three pools together represented about 60 percent of the network's computing power.
A higher hashrate can indicate stronger miner participation and adds computing power to the proof-of-work network. At the same time, concentration among pool operators is a decentralization consideration. Pool coordination does not equal ownership of mining hardware: the cited report noted that operators route computing power from independent miners, who can switch pools.
Privacy remains the core proposition
The project's own website describes Monero as a private, decentralized cryptocurrency and presents XMR as a currency for private payments. That positioning differentiates the asset from transparent, pseudonymous payment networks, but it also leaves investors exposed to the practical importance of network participation, mining distribution and continued development.
For now, the market snapshot places Monero price below the prior UTC close while the latest dated network data point to strong hashrate and a concentrated pool landscape. Investors should distinguish the network's aggregate security signal from the separate governance and decentralization risk created by concentration at pool operators.
More Monero developments and market context are available on the Monero topic page.
