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Ethereum Classic’s Hashrate and Price Trend Lower After Ethereum PoW to PoS Transition

January 30, 2023 Bitcoin.com

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Just before the Ethereum network transitioned from a proof-of-work (PoW) blockchain to proof-of-stake (PoS), Ethereum Classic’s hashrate saw a significant increase. Three days after The Merge, Ethereum Classic had 214.37 terahash per second (TH/s) of hashrate. However, since then, the network’s hashrate has decreased significantly as 44.33% of it has been lost over the last […]

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New Ethereum PoW Fork Gathers 60 Terahash From Well Known Pools, ETHW’s Price Shudders 39% in 24 Hours

September 16, 2022 Bitcoin.com

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Following Ethereum’s transition from proof-of-work (PoW) to proof-of-stake (PoW) roughly five different crypto assets were the main beneficiaries of Ethereum’s former hashrate. However, 24 hours after The Merge, anonymous developers launched an Ethereum PoW fork called ETHW and the fork has managed to garner 60.92 terahash per second (TH/s) of hashpower. However, ETHW has lost […]

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Team Behind Ethereum’s PoW Fork Aims to Launch Network 24 Hours After The Merge

September 13, 2022 Bitcoin.com

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While The Merge is expected to take place in less than two days, the Ethereum proof-of-work (PoW) fork is scheduled to go live 24 hours after the transition, according to ETHW developers. On August 8, 2022, ETHW exchanged hands for $141 per unit and today the crypto asset is down 73% lower in USD value. […]

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Ethereum Classic Hashrate Taps All-Time High Nearing 50 TH/s Ahead of The Merge

September 5, 2022 Bitcoin.com

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Ethereum Classic’s hashrate surpassed the 40 terahash per second (TH/s) region last Wednesday and four days later, the network’s hashpower reached an all-time high (ATH) at 48.82 TH/s on September 4. Ethereum’s transition from proof-of-work (PoW) to proof-of-stake (PoS) is expected to take place eight days from now, and a great deal of hashrate has […]

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Proposed Ethereum PoW Fork Token Loses Half Its Market Value in Less Than 6 Days

August 14, 2022 Bitcoin.com

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In 32 days, Ethereum is expected to upgrade from a proof-of-work (PoW) consensus algorithm to a proof-of-stake (PoS) system after the network used PoW for seven years. While the testnets have implemented the new rules, most people envision a relatively smooth mainnet transition. However, another chain is expected to fork away from the Ethereum branch […]

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Ethereum’s Hashrate Surpasses Lifetime High as The Merge Gets Closer

June 4, 2022 Bitcoin.com

132 Petahash

Following the all-time high (ATH) recorded in May, Ethereum’s hashrate has been breaking records again, as it reached 132 petahash per second (PH/s) on Saturday, June 4. Presently, Ethereum’s hashrate is coasting along at 129 PH/s and the network’s top mining pool Ethermine commands 0.24% of the network’s hashrate. Ethereum’s Hashrate Captures Another Record High […]

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Ethereum Hashrate Taps an All-Time High Amid This Week’s Crypto Market Meltdown

May 15, 2022 Bitcoin.com

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Amid the crazy week in the world of cryptocurrencies and the Bitcoin network’s mining difficulty reaching a lifetime high at 31.25 trillion, Ethereum’s hashrate tapped an all-time high on May 13, at block height 14,770,231. Cryptocurrency miners continue to dedicate large quantities of processing power toward the second-largest crypto network in terms of market capitalization. […]

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UAE and Chinese Investment Firms Partner on Ethiopian Energy Infrastructure Project