On the day of The Merge, the Ethereum Classic hashrate soared to a new high of 306 terahashes per second (TH/s) ten days ago on September 15th. Since then, however, Ethereum Classic’s compute power has dropped 46.16% from its all-time high to today’s 164.75. TH/sec. Additionally, the market valuation of Ethereum Classic has dropped two positions over the past two weeks, falling 26.7% against the US dollar.
Two New PoW Ethereum Forks Rise in USD Value While Ethereum Classic Hashrate and Price Fall
After Ethereum moved from Proof of Work (PoW) to Proof of Stake (PoS), the majority of Ethereum hashrate moved to Ethereum Classic (etc) Communication network. data From the show on 2miners.com etc‘s hashrate jumped to an all-time high on September 15, 2022, the day of the merge.
That day, etc‘s computing power reached 306 TH/s after a 482.85% increase over the 52.5 TH/s recorded on September 12th. etc‘s price hit a high of $41.80 per unit on September 6th. etcThe value of the US dollar and computing power of merge.
Today, data show that: etchas an overall hashrate of 164.75 TH/s, which is 46.16% lower than the all-time high recorded on September 15th. That day 10 days ago, a new ETHW The network hadn’t launched yet, but when it did, ETHW amassed 79.42 TH/s of computing power.
of ETHWs However, the hash power has dropped to 45.97 TH/s. index Recorded by 2miners.com.though not to that extent etcETHW has reduced its computing power by 42.11% since September 16, due to the loss of hash power. etc It has lost 26.7% against the US dollar over the past two weeks, and has lost about 16.5% in seven days.
Meanwhile, ETHW has risen 42% against the US dollar over the past seven days.of other Ethereum-based PoW fork called Ethereum Fair (ETHF) has gained 45.7% against the US dollar this week.Also, recent members of his ETHF project team are changed Token ticker from ETF to ETHF.
Last week’s data showed that ETHF has about 8 TH/s of hashpower dedicated to the chain. However, today the ETHF web portal state.etherfair.org is currently down and his current ETHF hashrate is unknown. Both ETH-based PoW coins have been added to many exchanges since their launch 10 days ago.
What do you think about Ethereum Classic’s hashrate drop of over 46% since The Merge? What do you think about the other two Ethereum-based PoW tokens? Let us know your thoughts on the matter in the comments section below. Please let us know.
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