After the Ethereum network transitioned to a Proof of Stake (PoS) system, miners switched to other Proof-of-Work (PoW) networks.
Ethereum network with Merge update earlier today PoW leaving the system PoS switched to the system. On top of that, with the update according to the data obtained from 85,626 miners registered in 2Miner, one of the largest mining pools. Ethereum miners leaving their network PoW switched to their networks. Among the most preferred networks of miners Ethereum Classic (ETC) took the lead, with Ravencoin (RVN) second and Ergo (ERG) third.
According to the data, 2Miners’ hashrate is on Ethereum Classic 144% increased, while the hashrate in Ravencoin and Ergo respectively 45% and 152.53% rose. Ethereum Classic the total hashrate in the network within 24 hours 342% increasing 286.59TH/s it happened.
At the time of writing, Ethereum Classic (ETC) is trading at $38.55, Ravencoin (RVN) at $0.065, and Ergo (ERG) at $4.94, according to CoinGecko data.
