46% Slides Since Ethereum Classic Hashrate Merged, PoW ETH Forks Collect Double-Digit Gains – Bitcoin News

Ten days ago, on September 15th, it hit a new high of 306 terabytes per second (TH/s). TH/s In addition, the market price of Ethereum Classic has decreased by two levels and has lost 26.7% against the US dollar in the last two weeks.

Ethereum Classic Hashrate and Price Sink, 2 New Pow Ethereum Forks Jump Higher in US Dollars

After Ethereum transitioned from Proof-of-Work (PoW) to Proof-of-Stake (PoS), the lion’s share of Ethereum hashrate moved to the Ethereum Classic (ETC) network. Data from 2miners.com shows that the ETC hashrate jumped to an all-time high on the September 15, 2022 merge date.

On that day, ETC’s compute power reached 306 TH/s after a 482.85% increase from the 52.5 TH/s recorded on September 12. Six days ago, ETC’s stock hit a high of $41.80 per unit on September 6. Power is down today after reaching a record high before the merger.

46% Slides After Ethereum Classic Hashrate Merge, PoW ETH Forks Collect Double-Digit Gains
Ethereum Classic (ETC) hashrate Sunday, September 25, 2022.

According to today’s data, ETC’s total hashrate is 164.75 TH/s, which is 46.16% lower than the peak recorded on September 15th. , ETHW is collected with a computational power of 79.42 TH/s.

According to measurements reported by 2miners.com, ETHdouble hash power has dropped to 45.97 TH/s. While not nearly as much as ETC’s hash power loss, since September 16, ETW has shed 42.11 percent of its computing power. Over the past two weeks, ETC has lost 26.7 percent against the US dollar, compared to a seven-day loss of 16.5 percent.

In contrast, ETW has risen 42% against the US dollar in the past seven days. Another Ethereum-based PoW fork called Ethereum Fair (ETHF) is up 45.7% against the USD this week. Moreover, members of the ETHF project team recently It has changed The token from ETF to ETHF.

Last week, data indicated that ETHF had approximately 8TH/s of hash power dedicated to the chain. Today, however, the ETHF web portal state.etherfair.org is currently down and the current ETHF hashrate is unknown. Both ETH-based PoW coins have been added to several exchanges since their launch ten days ago.

Tags in this story

Computational Power, Crypto Markets, ETC, ETC Hashrate, ETC Price, Ethereum, Ethereum (ETH), Ethereum Classic, ethereumfair, Ethereumpow, ETHF, ETHW, Forks, Hashrate, Hashrate drop, Market Prices, Market Prices, Miners, PoS, Pow, prices, September 25, Terahash, TH/s, the combination

What do you think of the Ethereum Classic hashrate that lost more than 46% after the merger? What do you think of the other two Ethereum-based Pow tokens? Let us know what you think about this in the comments section below.

Jamie Redman

Jamie Redman is the news lead at Bitcoin.com and a financial tech journalist based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written over 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image credits: Shutterstock, Pixabay, Wiki Commons

DisclaimerThis article is for informational purposes only. It is not an offer or solicitation to buy or sell, or a recommendation or endorsement of any products, services or companies. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the Company nor the Author shall be liable, directly or indirectly, for any damages or losses arising out of the use of or reliance on any content, goods or services referred to in this paragraph.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *