Ethereum Classic Hashrate Dumps Almost 50% In 3 Months
Ethereum Classic saw its hashrate balloon when Ethereum finally moved to a proof of stake mechanism. The miners who were being kicked out of the network and could no longer use their machines had switched to others such as Ethereum Classic.
On Sep. 16, the mining hashrate of the Ethereum Classic network reached a new all-time high of 199.4 terahashes per second (TH/s) after climbing steadily for more than a week. With this growth had come more usage on the network, triggering staggering growth in its price. Hashrate is now down almost 50% in the last 3 months to be sitting at 109.3 TH/s on Dec. 22.
Source
https://t.me/Cash_Blockchain_News
