ETC, RVN, ERGO Hashrate Rises After Merger, Massive Amount of Hashpower Awaits ETHW Fork – Mining Bitcoin News

After seven years as a PoW blockchain, Ethereum has officially transitioned from a Proof-of-Work (PoW) network to a Proof-of-Stake (PoS) system. The merger forced Ethereum miners to migrate to other PoW-based tokens, and after the regulatory change, a few PoW coins compatible with Ethash’s algorithm saw their hashrates rise. Ethereum Classic’s hashrate has tripled since the merger was triggered by Ethereum’s Paris update.

5 tokens reap the benefits of Ethereum’s Leftover Hashrate

Ethereum, the second largest in terms of market capitalization, now operates on a proof-of-stake (PoS) blockchain system. The merger was triggered by the Paris update on September 15, with a block height of 15,537,391 at 2:42:42 am ET. A few hours before the merger, Ethereum’s hashrate dropped significantly, and more hashrate was suggested on Ethereum Classic (ETC).

ETC, RVN, ERGO Hashrate Raised Following Merger, ETHW Fork Expects Huge Amount Of Hash Power
After the merger, ETC’s hashrate tripled.

In the morning hours (ET) of September 15, the ETC hash rate was around 80.77 Terashes per second (TH/s). Hours after the September 16th merger, ETC’s hashrate increased by 228%, reaching a current 228.62 TH/s. ETC was the main beneficiary of Ethereum’s forced PoW to PoS transition, gaining the highest hashrate. However, a handful of other tokens with similar hashing algorithms have also seen significant increases in computational power.

ETC, RVN, ERGO Hashrate Raised Following Merger, ETHW Fork Expects Huge Amount Of Hash Power
Ergo’s hash rate has increased by 123.94% since the merger.

At the start of the day on September 15, the Ravencoin (RVN) hashrate was around 10.15 TH/s, but by the next day it was up 64.23% at 16.67 TH/s. Ergo saw a significant hashret jump when it started on Wednesday at 56.39 TH/s and was up 123.94% at 126.28 TH/s by Thursday morning (ET).

A significant amount of hashrate is still missing Hashpower seems to be waiting for the new fork

In addition to ETC, ERGO and RVN, the crypto network FLUX and BEAM increase in hashrate, but a much smaller percentage compared to the rise of ETC and ERGO. FLUX hashrate increased by 40% and BEAM showed its computational power by 74.25%. A lot of hashrate has been given to the five tokens mentioned above, Ethereum’s full hashrate has not been transferred to ETC, ERGO, BEAM, FLUX or RVN. It seems a lot that the hashrate is simply blocked or miners are waiting for the new Ethereum validation network ETHW.

The team behind ETHW explained on condition of anonymity two days ago that the blockchain network will launch 24 hours after the merger. According to the official ETHW Twitter page, large mining pools such as, Poolin, F2pool, 2miners, Antpool, Bitdog and Solomine are planning to provide hashrate to the ETHW chain.

“Nanopool supports the EthPow Ethereum fork, which is expected to be operational within 24 hours after the ETH merger occurs,” said mining operation Nanopool. He wrote on Wednesday. No one is sure how much hashrate was delayed to secure the ETHW fork, but despite the forks registered by RVN, ETC and ERGO, a very small amount of ETH hashrate is still missing.

Tags in this story

crypto mining, Ergo, ergo (ERGO), ETC, ETC hashrate, ETH, ETH fork, ETH hashrate, ETH PoW Fork, Ethash, ether, Ethereum, Ethereum (ETH), Ethereum Classic, ethereum classic (ETC), FLUX, ​​Flux (FLUX), GPU Mining, Hashpower, Hashrate, Mining, MS/s, PoS, PoW, ravencoin (RVN), RVN, SOL, Terahash, TH/s

What do you think about the options for miners after the merger? Do you think a large amount of Hashrate will protect the new fork? Let us know what you think about this in the comments section below.

Jamie Redman

Jamie Redman is the news lead at 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 News about the disruptive protocols emerging today.

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