Ethereum Classic’s Hashrate Falls by 50%

As a result of Ethereum’s transition to PoS, miners started to move to Ethereum Classic.

The hashrate of the altcoin reached its all-time high before the Merge update. According to the most conservative estimates, the computing power of the network after the connection of ETH miners increased by more than 200%.

On September 16, the ETC hashrate came close to 200 terahashes per second.

In parallel, there was an increase in the value of the underlying asset of the network, Ethereum Classic.

However, in December, the capacity began to fall. The hashrate has fallen by almost 50% to 109.3 Th/s.