Ethereum Traditional is getting a justifiable share of the miners who can 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 Traditional post-Merge has elevated its hashrate by over 250% within the final 24 hours, in keeping with 2Miners information.
As of press time, Ethereum Traditional’s hashrate is at a file excessive of 222.5 terahash per second (TH/s), exhibiting an over 250% surge within the final 24 hours. Its native ETC token is at the moment buying and selling at $37.74.
Ethereum Traditional is actively rooting to welcome extra miners to its ecosystem. Ethereum co-founder Vitalik Buterin had endorsed the community for PoW miners trying to proceed mining post-merge.
PoW miners can go together with ETC. Stakers can go together with ETH2. Which is truthful to every their very own selection. Thanks and congrats @VitalikButerin et al🍾.
Could each chains co exist in their very own proper offering choices for stakers and miners. https://t.co/4x008OxaUL
— Ethereum Traditional (@eth_classic) September 15, 2022
Different networks welcoming Miners
An earlier ballot by @cryptovium revealed that PoW miners have been trying to transfer into Ethereum Traditional, Ergo, Ravecoin, and Flux after the merge. Out there information from 2Miners signifies that their hash charges are additionally surging.
Following the success of the Merge, Ergo’s hashrate has surged to a file 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 down at 14.34 TH/s as of press time.