Reading time: ~2 m
About six years after Ethereum Classic (ETC) miners mined the first ETC block on block 1,920,000, on August 20, 2022, the ETC hashrate reached ATH. With a block height of 15,776,674, 38.37 Tx/s were recorded.
Four days ago, on August 17, the ETC hashrate was 27.56 Tx/s, respectively, during this time it rose by 39.22%. This indicator of the ETC network increased due to the approach of Ethereum to the update of The Merge around September 15, 2022.
On August 20, 2022, the ETC hashrate reached a record high of 38.37 Tx/s with a block height of 15,776,674.
The largest etc mining pool is Ethermine, it manages 8.05 Tx/s, followed by Poolin with 8.02 Tx/s. The combined hashrate of Ethermine and Poolin, which is about 16 Tx/s, absorbs more than 40% of the global hashrate etc.
After the DAO hack in 2016, the original unchanged Ethereum blockchain was named Ethereum Classic, its first block was mined on July 20, 2016.
In an effort to stick to the proof of work, the developers of Ethereum Classic removed the complexity bomb from the ETC network, this happened on block 5,900,000.
While Ethereum Classic saw a significant spike in hashrate, other Ethash-based networks such as Ravencoin (RVN), Ergo (ERGO), and Beam (BEAM) did not see a significant increase in this metric.
#eve #Merger #hash #rate #Ethereum #Classic #increased