{"id":6669,"date":"2022-08-26T00:06:43","date_gmt":"2022-08-26T00:06:43","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=6669"},"modified":"2022-08-26T00:06:44","modified_gmt":"2022-08-26T00:06:44","slug":"ethereum-classics-hashrate-taps-another-all-time-high-following-ethereums-hardened-merge-timeline","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=6669","title":{"rendered":"Ethereum Classic&#8217;s Hashrate Taps Another All-Time High Following Ethereum&#8217;s Hardened Merge Timeline"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<p><strong>On Thursday, following the official proof-of-stake (PoS) transition announcement from the Ethereum Foundation, Ethereum Classic\u2019s hashrate tapped another all-time high at block height 15,806,925. The latest jump to 38.64 terahash marks the network\u2019s second record high in five days, as Ethereum Classic captured 38.37 terahash per second (TH\/s) on August 20, 2022.<\/strong><\/p>\n<h2>Ethereum Classic Hashrate Spikes Following the Latest Merge Announcement<\/h2>\n<p>The Ethereum Foundation recently published a blog post called the \u201cMainnet Merge Announcement,\u201d which gives the public more precise dates concerning The Merge upgrade. At the time of writing, The Merge is expected to go live on Sept 10-20, 2022, and when that happens, Ethash proof-of-work (PoW) miners will be forced to mine another Ethash-supporting crypto network.<\/p>\n<p>Ethash miners have a few coins they can choose from, like ravencoin (RVN), ergo (ERGO), beam (BEAM), and ethereum classic (ETC). Five days ago, Bitcoin.com News reported on ETC\u2019s hashrate tapping an all-time high at 38.37 TH\/s at block height 15,776,674. On August 25, 2022, ETC surpassed that record as the network\u2019s hashrate reached 38.64 TH\/s at block height 15,806,925.<\/p>\n<\/p>\n<p>There\u2019s a great possibility ETC could surpass that record again in the near future because the network jumped over the August 20 record on August 24 at block height 15,801,069 when it reached 38.40 TH\/s. Moreover, there\u2019s still 975.15 TH\/s of hashpower pointed at the Ethereum (ETH) network today. While there are a few different Ethash supporting coins, so far, Ethereum Classic has been the main beneficiary of The Merge.<\/p>\n<h2>Ethereum Classic\u2019s 30-Day Gains Outshine Ether\u2019s Price Rise Last Month<\/h2>\n<p>Ethereum classic (ETC), the network\u2019s native token, has also managed to climb from the 20th largest market valuation to the 19th, as ETC prices jumped 10.2% higher in the last 24 hours. ETC jumped from $34.57 per unit during the early morning trading sessions on Thursday (EST), to the day\u2019s price high at $38.09 per unit.<\/p>\n<\/p>\n<p>ETC has managed to climb 61.2% higher against the U.S. dollar during the last 30 days. In fact, ETC\u2019s price rise over the past month is higher than ethereum\u2019s (ETH) 18.4% rise in the same time period.<\/p>\n<p>Tags in this story<\/p>\n<p>beam (BEAM), ergo (ERGO), ETC, ETC chain, ETH, Ethash, Ethash coins, ether, Ethereum (ETH), Ethereum Classic, ethereum classic (ETC), Ethereum Classic&#8217;s hashrate, merge, PoS, PoW, ravencoin (RVN), The DAO fork, The Merge, transition<\/p>\n<p><em><strong>What do you think about Ethereum Classic\u2019s recent hashrate spike? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n<p>Jamie Redman <\/p>\n<p class=\"article__body__author__info__about\">\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today.<\/p>\n<p><i class=\"td-icon-font td-icon-twitter\"\/><\/p>\n<p class=\"images_credits\"><em>Image Credits: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n<p><strong>Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<p>More Popular NewsIn Case You Missed It<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/news.bitcoin.com\/ethereum-classics-hashrate-taps-another-all-time-high-following-ethereums-hardened-merge-timeline\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Thursday, following the official proof-of-stake (PoS) transition announcement from the Ethereum Foundation, Ethereum Classic\u2019s hashrate tapped another all-time high at block height 15,806,925. The latest jump to 38.64 terahash marks the network\u2019s second record high in five days, as Ethereum Classic captured 38.37 terahash per second (TH\/s) on August 20, 2022. Ethereum Classic Hashrate [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6670,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[1],"tags":[],"class_list":["post-6669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-updates"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/6669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6669"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/6669\/revisions"}],"predecessor-version":[{"id":6671,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/6669\/revisions\/6671"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/6670"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}