Ethereum Classic Hashrate Slides 46% Since The Merge, PoW ETH Forks Gather Double-Digit Gains

The time of The Merge, Ethereum Classic’s hashrate soared to caller highs tapping 306 terahash per 2nd (TH/s) 10 days agone connected September 15. Since then, however, Ethereum Classic’s computational powerfulness has dropped 46.16% little from the precocious to today’s 164.75 TH/s. Furthermore, ethereum classic’s marketplace valuation has dropped by 2 positions and mislaid 26.7% against the U.S. dollar during the past 2 weeks.

Ethereum Classic’s Hashrate and Price Sinks, While the 2 New PoW Ethereum Forks Jump Higher successful USD Value

After Ethereum transitioned from proof-of-work (PoW) to proof-of-stake (PoS) the lion’s stock of Ethereum’s hashrate moved implicit to the Ethereum Classic (ETC) network. Data from 2miners.com shows ETC’s hashrate jumped to an all-time precocious connected September 15, 2022, the time of The Merge.

That day, ETC’s computational powerfulness reached 306 TH/s aft climbing 482.85% higher than the 52.5 TH/s recorded connected September 12. Six days beforehand, ETC’s terms tapped a precocious of $41.80 per portion connected September 6. Both ETC’s USD worth and computational powerfulness are down contiguous aft reaching grounds highs conscionable anterior to The Merge.

Today, information indicates that ETC’s wide hashrate is 164.75 TH/s, which is 46.16% little than the all-time precocious recorded connected September 15. On that day, 10 days ago, the caller ETHW web had not yet launched but erstwhile it did, ETHW gathered 79.42 TH/s successful computational power.

ETHW’s hashpower has dropped, however, down to 45.97 TH/s according to metrics recorded by 2miners.com. While it’s not arsenic overmuch arsenic ETC’s hashpower loss, ETHW shed 42.11% of its computational powerfulness since September 16. ETC mislaid 26.7% against the U.S. dollar during the past 2 weeks and astir 16.5% successful 7 days.

ETHW, connected the different hand, jumped 42% higher successful the past 7 days against the U.S. dollar. The other Ethereum-based PoW fork called ethereum just (ETHF) has accrued 45.7% against the USD this week. Moreover, the ETHF task squad members precocious changed the token’s ticker from ETF to ETHF.

Last week, information indicated that ETHF had astir 8 TH/s of hashpower dedicated to the chain. Today, however, ETHF’s web portal state.etherfair.org is presently down close present and the existent ETHF hashrate is unknown. Both ETH-based PoW coins person been added to a fig of exchanges since they launched 10 days ago.

What bash you deliberation astir Ethereum Classic’s hashrate losing much than 46% since The Merge? What bash you deliberation astir the different 2 Ethereum-based PoW tokens? Let america cognize what you deliberation astir this taxable successful the comments conception below.