Ethereum Classic’s Hashrate Taps Another All-Time High Following Ethereum’s Hardened Merge Timeline
On Thursday, following the official proof-of-stake (PoS) transition announcement from the Ethereum Foundation, Ethereum Classic’s hashrate tapped another all-time high at block height 15,806,925. The latest jump to 38.64 terahash marks the network’s second record high in five days, as Ethereum Classic captured 38.37 terahash per second (TH/s) on August 20, 2022.
Ethereum Classic Hashrate Spikes Following the Latest Merge Announcement
The Ethereum Foundation recently published a blog post called the “Mainnet Merge Announcement,” which gives the public more precise dates concerning upgrade. At the time of writing, The Merge is expected to go live on Sept 10-20, 2022, and when that happens, Ethash proof-of-work (PoW) miners will be forced to mine another Ethash-supporting crypto network.
Ethash miners have a few coins they can choose from, like ravencoin (RVN), ergo (ERGO), beam (BEAM), and ethereum classic (38.64 TH/s at block height 15,806,925.). Five days ago, Bitcoin.com News on ’s hashrate tapping an all-time high at 38.37 TH/s at block height 15,776,674. On August 25, 2022, surpassed that record as the network’s hashrate reached
There’s a great possibilitycould surpass that record again in the near future because the network jumped over the August 20 record on August 24 at block height 15,801,069 when it reached 38.40 TH/s. Moreover, there’s still 975.15 TH/s of hashpower pointed at the Ethereum ( ) network today. While there are a few different Ethash supporting coins, so far, Ethereum Classic has been the of The Merge.
Ethereum Classic’s 30-Day Gains Outshine Ether’s Price Rise Last Month
Ethereum classic (), the network’s native token, has also managed to climb from the 20th largest market valuation to the 19th, as prices jumped 10.2% higher in the last 24 hours. jumped from $34.57 per unit during the early morning trading sessions on Thursday (EST), to the day’s price high at $38.09 per unit.
has managed to climb 61.2% higher against the U.S. dollar during the last 30 days. In fact, ’s price rise over the past month is higher than ethereum’s ( ) 18.4% rise in the same time period.
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