Ethereum Classic Benefits as Miners Search for New Home

Ethereum Classic (ETC) has seen massive growth and an increased hashrate as the Ethereum Merge approaches and miners search for a new home in other mineable tokens.

  • Miners have moved to Ethereum Classic in order to continue mining after Merge.
  • ETC hashrate hit 51.60 terahashes per second signalling high miner performance.
  • ETC saw massive growth as the Merge approaches | Will the trend continue?

Ethereum’s long-anticipated shift from its current Proof-of-Work to a Proof-of-Stake consensus mechanism known as The Merge is expected to occur in the next week. Although the shift will significantly reduce the environmental impact of confirming transactions using PoW, it will also put an end to Ethereum Mining. Ethereum miners use specialized equipment to operate nodes …

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