The Ethereum Classic (ETC) hash rate has reached an all-time high (ATH) with an unprecedented increase since the first mining block 6 years ago.
Average last week 28 TH/s Ethereum Classic mining, which is at hash rate levels, has increased at an unprecedented rate this weekend. 42 TH/s rose to levels. All-time high The new hash rate, which stands for (ATH) 45% rise performance has reached this point.
Ethereum network Proof of Stake (PoS) on September 15 While it is expected to switch to the Ethereum Classic network, users who mine on Ethereum continue to turn their devices into the Ethereum Classic network at great speed. carried out last month At the Ethereum conference As stated by Vitalik Buterin, Ethereum Classic is seen as the best alternative at this point for individuals and institutions investing in large mining devices.
Among the other networks in question, where miners can transact and operate their devices as an alternative to Ethereum Classic. Ravencoin (RVN), Ergo (ERGO) and Beam (BEAM) exists. However, as we rapidly approach The Merge update on September 15, no such hash rate increase was observed on these alternative blockchains as in Ethereum Classic. This shows that the first choice of miners is Ethereum Classic and demand will likely continue to increase in this direction.
At the time of writing the article Ethereum Classic price, which is in the 20th place of the crypto market daily a 3% drop with $32.72 traded at the level.