Ethereum Classic is getting a justifiable share of the miners who can now not mine Ethereum after its consensus mechanism was modified to proof-of-stake following completion of the Merge.
The surge of PoW miners into Ethereum Classic post-Merge has elevated its hashrate by over 250% within the final 24 hours, in accordance to 2Miners information.
As of press time, Ethereum Classic’s hashrate is at a document excessive of 222.5 terahash per second (TH/s), exhibiting an over 250% surge within the final 24 hours. Its native ETC token is presently buying and selling at $37.74.
Ethereum Classic is actively rooting to welcome extra miners to its ecosystem. Ethereum co-founder Vitalik Buterin had endorsed the community for PoW miners wanting to proceed mining post-merge.
PoW miners can go along with ETC. Stakers can go along with ETH2. Which is honest to every their very own selection. Thanks and congrats @VitalikButerin et al🍾.
May each chains co exist in their very own proper offering choices for stakers and miners. https://t.co/4x008OxaUL
— Ethereum Classic (@eth_classic) September 15, 2022
Other networks welcoming Miners
An earlier ballot by @cryptovium revealed that PoW miners had been wanting to transfer into Ethereum Classic, Ergo, Ravecoin, and Flux after the merge. Available information from 2Miners signifies that their hash charges are additionally surging.
Following the success of the Merge, Ergo’s hashrate has surged to a document excessive of 137 TH/s, recording over 400% enhance within the final 24 hours.
Ravencoin has additionally grown within the final 24 hours. Its hashrate elevated from about 9 TH/s to sit at 14.34 TH/s as of press time.