Ethereum Classic Hashrate Taps an All-Time High, ETC Hashpower Jumped 39% Higher in 4 Days

On August 20, 2022, Ethereum Classic’s hashrate reached an all-time precocious astatine artifact tallness 15,776,674 arsenic it tapped 38.37 terahash per 2nd (TH/s). The crypto plus has seen its hashrate surge since Wednesday, August 17, jumping 39.22% higher from 27.56 TH/s to the all-time precocious (ATH).

Ethereum Classic’s Hashpower Skyrockets to 38.37 Terahash

• Roughly six years aft ethereum classical (ETC) miners mined the archetypal ETC artifact astatine artifact tallness 1,920,000, ETC’s hashrate tapped an ATH connected August 20, 2022. ETC’s hashrate reached 38.37 TH/s astatine artifact tallness 15,776,674.
• The hashrate has been added to the ETC concatenation arsenic Ethereum (ETH) approaches The Merge upgrade connected oregon astir September 15, 2022. Four days ago, connected August 17, ETC hashrate was 27.56 TH/s and its jumped 39.22% higher since that day.

• ETC’s largest mining excavation is Ethermine arsenic it commands 8.05 TH/s, which is followed by Poolin’s 8.02 TH/s. Ethermine’s and Poolin’s combined hashrate of astir 16 TH/s is much than 40% of ETC’s planetary hashrate.
• ETC was initiated aft the DAO hack successful 2016 and the archetypal ETC artifact was mined connected July 20, 2016. Proponents of ETC judge it is the archetypal unchanged Ethereum blockchain arsenic the DAO hard fork erased the lawsuit from the blockchain.
• In a committedness to sticking to proof-of-work, Ethereum Classic developers removed the trouble weaponry from the ETC chain. ETC’s trouble weaponry removal took spot astatine artifact tallness 5,900,000.
• While Ethereum Classic (ETC) has seen a important hashrate spike, different Ethash-based token networks similar Ravencoin (RVN), Ergo (ERGO), and Beam (BEAM) person not spot any important increases successful hashpower.

• Ethereum Classic’s all-time hashrate precocious follows the galore predictions that forecasted ETH’s hashrate would migrate to ETC. Last week, JPMorgan marketplace strategists predicted that ETC would apt beryllium 1 of the main beneficiaries of The Merge.
• Meanwhile, arsenic ETC has seen a important hashrate increase, astir 1 petahash per 2nd (PH/s) oregon 1,000 terahash (TH/s) is inactive dedicated to the Ethereum (ETH) blockchain.

What bash you deliberation astir Ethereum Classic’s hashrate reaching an all-time connected August 20? Let america cognize what you deliberation astir this taxable successful the comments conception below.