ETC, RVN, ERGO Hashrate Soars Following The Merge, Large Quantity of Hashpower Awaits ETHW Fork

Ethereum has officially transitioned from a proof-of-work (PoW) network to a proof-of-stake (Schild) system after seven years of operating as a PoW blockchain. The Merge has forced ethereum miners to transition to other PoW-based tokens and after the ruleset change was codified, a handful of PoW coins compatible with the Ethash algorithm saw their hashrates skyrocket. Ethereum Classic’s hashrate has tripled in size since The Merge was triggered by Ethereum’s Paris Upgrade.

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5 Tokens Reap the Benefits of Ethereum’s Leftover Hashrate

Äther, the second largest crypto asset in terms of market capitalization, now operates under a proof-of-stake (Schild) Blockchain-System. Die Verschmelzung war triggered by the Paris Upgrade on September 15, auf Blockhöhe 15,537,391 bei 2:42:42 bin. ET. A few hours prior to The Merge, Ethereum’s hashrate plummeted significantly, and a great deal of hashrate was pointed at Ethereum Classic (ETC).

ETC, RVN, ERGO Hashrate Soars Following The Merge, Large Quantity of Hashpower Awaits ETHW Fork
ETC’s hashrate has tripled since The Merge.

During the early morning hours (ET) on September 15, ETC’s hashrate was around 80.77 Terahash pro Sekunde (TH/s). Hours after The Merge on September 16, ETC’s hashrate increased by 228%, jumping to the current 228.62 TH/s. ETC was the main beneficiary in terms of getting the most hashrate from Ethereum’s forced transition from PoW to PoS. jedoch, a handful of other tokens with similar hashing algorithms also saw a significant rise in computational power.

ETC, RVN, ERGO Hashrate Soars Following The Merge, Large Quantity of Hashpower Awaits ETHW Fork
Ergo’s hashrate has jumped 123.94% higher since The Merge.

At the start of the day on September 15, Ravencoin’s (RVN) hashrate was around 10.15 TH/s but the following day it was up 64.23% bei 16.67 TH/s. Ergo saw a significant hashrate jump as it started off at 56.39 TH/s on Wednesday and by Thursday morning (ET) it’s 123.94% höher bei 126.28 TH/s.

A Significant Quantity of Hashrate Is Still Missing Hashpower Is Seemingly Waiting for the New Fork

In addition to ETC, ERGO, and RVN, the crypto network FLUX and BEAM saw increases in hashrate as well, but a much smaller percentage compared to ETC’s and ERGO’s climb. FLUX hashrate jumped 40% higher and BEAM saw its computational power spike by 74.25%. While a great deal of hashrate has been dedicated to the five aforementioned tokens, Ethereum’s entire hashrate did not transfer to ETC, ERGO, STRAHL, FLUX, or RVN. Seemingly a great deal of hashrate either simply shut off or the miners are waiting for the new Ethereum proof-of-work network ETHW.

The team behind ETHW, who remain anonymous, erklärt two days ago that the blockchain network would launch 24 hours after The Merge. According to the official ETHW Twitter page, large mining pools such as Btc.com, Schwimmbad, F2pool, 2miners, Ameisenbecken, Bitdog, and Solomine plan to dedicate hashrate to the ETHW chain.

“Nanopool is going to support EthPow Ethereum fork expected to be minable in 24 hours after the ETH Merge occurs,” the mining operation Nanopool schrieb Am Mittwoch. No one is quite sure how much hashrate has held back to wait for the ETHW fork but quite a bit of ETH hashrate is still missing despite the spikes recorded by RVN, ETC, and ERGO.

Tags in dieser Geschichte
Krypto-Mining, Ergo, ergo (ERGO), ETC, ETC hashrate, ETH, ETH fork, ETH hashrate, ETH PoW Fork, Ethash, Äther, Äther, Äther (ETH), Ethereum-Klassiker, Ethereum-Klassiker (ETC), FLUX, Flux (FLUX), GPU mining, Hashpower, Exahash, Bergbau, MS/s, Schild, PoW, Rabenmünze (RVN), RVN, SOL, Terahash, TH/s

What do you think about the alternatives miners have chosen after The Merge? Do you think a large amount of hashrate awaits the new fork? Teilen Sie uns Ihre Meinung zu diesem Thema in den Kommentaren unten mit..

Jamie Redman

Jamie Redman ist der Nachrichtenleiter bei Bitcoin-Tidings.com News und ein in Florida lebender Journalist für Finanztechnologie. Redman ist seitdem ein aktives Mitglied der Kryptowährungs-Community 2011. Er hat eine Leidenschaft für Bitcoin, Open-Source-Code, und dezentrale Anwendungen. Seit September 2015, Redman hat mehr als geschrieben 6,000 Artikel für Bitcoin-Tidings.com Nachrichten über die disruptiven Protokolle, die heute auftauchen.




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