2 years ago
20 days ago, a canvass was shared connected Twitter asking miners wherever they planned to dedicate their hashrate, aft The Merge transitions Ethereum into a proof-of-stake (PoS) blockchain. The proof-of-work (PoW) contenders astatine the clip were tokens similar ravencoin, ergo, flux, and ethereum classic. When the canvass concluded, flux and ravencoin outpaced the battalion successful votes, but world shows ethereum classical has been the main beneficiary of hashrate truthful far.
Twitter Poll With More Than 10,000 Votes Chooses Flux, While Ethereum Classic Ends up Reaping the Benefits Stemming From The Merge
Ethereum Classic (ETC) is gathering astir of the hashrate leaving Ethereum (ETH) arsenic determination are lone 4 days near until The Merge. According to metrics recorded by 2miners.com, ETC’s hashrate reached an all-time precocious connected September 8, 2022, tapping 53.29 terahash per 2nd (TH/s).
Ethereum’s hashrate has dropped beneath the 900 TH/s portion and astatine the clip of writing, the web hashrate is 883.78 TH/s. On August 20, 2022, the Twitter relationship Cryptovium published a canvass that asks miners wherever they volition dedicate their hashpower erstwhile The Merge is implemented.
“With the imminent PoS ETH Merge, I’m funny what each the miners retired determination are readying connected moving their rigs to,” Cryptovium said. “Top PoW contenders look to beryllium RVN, FLUX, ERG, [and] ETC. Are you going with 1 of these oregon choosing thing else?”
The last results of Cryptovium’s canvass got 10,347 votes and flux (FLUX) received the astir votes with 45.7%. The 2nd astir fashionable token with canvass participants was ravencoin (RVN) with 27.3% of the votes, and ergo (ERGO) captured 22.1% of the poll’s votes.
Ethereum classical (ETC) saw the lowest fig of votes, arsenic it recorded 4.9% of the 10,347 votes. Despite ETC being dormant past connected the societal media survey, ETC has managed to go the main beneficiary of the hashrate leaving Ethereum.
ETC’s hashrate continues to interruption beingness records and has done truthful astatine slightest 5 times during the past 2 weeks. RVN, FLUX, and ERG person seen tiny spikes successful hashrate but thing compared to what ETC has recorded during the past 30 days.
Ergo’s hashrate jumped 99.14% from 14.04 TH/s connected September 2, to 27.96 TH/s connected September 4. Since then, however, Ergo’s hashrate dropped 18.77% down to 22.71 TH/s. On September 5, Ravencoin’s hashrate was coasting on astatine 2.42 TH/s and since past it has accrued by 70.24% to 4.12 TH/s.
Flux uses a solution called sol and show is measured successful sol per second. On September 3, Flux’s hashrate was 1.98 MS/s and it jumped 55.55% higher to 3.08 MS/s during the past six days.
Although, Flux’s hashrate has slipped backmost down to the 2.28 MS/s range. While Flux was the victor of the societal media canvass published connected Twitter, it was the loser successful world erstwhile it came to acquiring hashrate leaving the ETH network.
Price-wise, FLUX has risen 33.1% during the past 7 days, ERGO is up 48.1% this week, and RVN has jumped 54% against the U.S. dollar during the past 7 days. In presumption of the past week’s gains, ETC saw the lowest emergence against the dollar arsenic the token has risen 19% during the past week.
What bash you deliberation astir the alternatives miners tin take to excavation aft The Merge goes into effect adjacent week? Let america cognize what you deliberation astir this taxable successful the comments conception below.
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