{"id":66704,"date":"2022-09-05T16:59:17","date_gmt":"2022-09-05T13:59:17","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=66704"},"modified":"2025-09-07T02:44:14","modified_gmt":"2025-09-06T23:44:14","slug":"ethereum-classic-hashrate-reaches-record-high","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ethereum-classic-hashrate-reaches-record-high\/","title":{"rendered":"Ethereum Classic hashrate reaches record high"},"content":{"rendered":"<p>In the run-up to the activation of The Merge, the hashrate of Ethereum Classic (ETC) reached a record high of 46 TH\/s, according to Coin Metrics.<\/p>\n<p><!--more--><\/p>\n<p>For comparison, the Ethereum (ETH) network hash rate stands at 910 TH\/s\u2014a figure roughly 19 times higher than the &#8216;original Ether&#8217;.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1010\" height=\"675\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/hashrate-18.png\" alt=\"Ethereum Classic hashrate reaches record high\" class=\"wp-image-183736\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/hashrate-18.png 1010w, https:\/\/forklog.com\/wp-content\/uploads\/hashrate-18-300x200.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/hashrate-18-768x513.png 768w\" sizes=\"auto, (max-width: 1010px) 100vw, 1010px\" \/><figcaption>Data: <a href=\"https:\/\/charts.coinmetrics.io\/network-data\/\">Coin Metrics<\/a>.<\/figcaption><\/figure>\n<p>Mining revenue per hash power (hashprice) for Ethereum remains significantly higher \u2014 by 95%. In other words, mining ETH is much more profitable.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"633\" height=\"347\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/hashprice-4.png\" alt=\"Ethereum Classic hashrate reaches record high\" class=\"wp-image-183737\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/hashprice-4.png 633w, https:\/\/forklog.com\/wp-content\/uploads\/hashprice-4-300x164.png 300w\" sizes=\"auto, (max-width: 633px) 100vw, 633px\" \/><figcaption>Data: <a href=\"https:\/\/charts.coinmetrics.io\/network-data\/\">Coin Metrics<\/a>.<\/figcaption><\/figure>\n<p>The rise in hashrate is evidently linked to Ethereum miners switching to mine the &#8216;sibling&#8217; cryptocurrency in the run-up to <a href=\"https:\/\/forklog.com\/en\/news\/the-merge-will-ethereums-large-scale-upgrade-reboot-the-market\">The Merge update<\/a>.<\/p>\n<p>Recently the BTC.com mining pool, affiliated with Bitmain, offered clients three months of commission-free mining.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">As the ETH 2.0 merge is approaching, <a href=\"https:\/\/t.co\/38N9uRCNSj\">https:\/\/t.co\/38N9uRCNSj<\/a> will launch a three-month ETC mining \u00abzero fee\u00bb activity on September 1 of 2022 to reward new and regular users for their support of <a href=\"https:\/\/t.co\/38N9uRCNSj\">https:\/\/t.co\/38N9uRCNSj<\/a>.<a href=\"https:\/\/twitter.com\/hashtag\/EthereumClassic?src=hash&#038;ref_src=twsrc%5Etfw\">#EthereumClassic<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/EthereumMerge?src=hash&#038;ref_src=twsrc%5Etfw\">#EthereumMerge<\/a> <a href=\"https:\/\/t.co\/gd1v0S8xfG\">https:\/\/t.co\/gd1v0S8xfG<\/a> <a href=\"https:\/\/t.co\/XTfDoG8sDg\">pic.twitter.com\/XTfDoG8sDg<\/a><\/p>\n<p>\u2014 BTC.com (@btccom_official) <a href=\"https:\/\/twitter.com\/btccom_official\/status\/1564950988599205889?ref_src=twsrc%5Etfw\">August 31, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The Merge activation is expected to take place around September 15. The move to Proof-of-Stake will make mining Ether on graphics cards and <a href=\"https:\/\/forklog.com\/en\/news\/bitmain-announces-start-of-sales-for-ethereum-miner-antminer-e9\">ASIC devices like Antminer E9<\/a> impossible.<\/p>\n<p>In July, the Bitmain-affiliated mining pool AntPool <a href=\"https:\/\/forklog.com\/en\/news\/antpool-invests-10-million-in-ethereum-classic-ecosystem\">announced<\/a> investments of $10 million in the Ethereum Classic ecosystem.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news on our Telegram \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum Classic hashrate reached a record high of 46 TH\/s.<\/p>\n","protected":false},"author":1,"featured_media":66705,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,46,476],"class_list":["post-66704","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-ethereum","tag-ethereum-classic"],"aioseo_notices":[],"amp_enabled":true,"views":"35","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/66704","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=66704"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/66704\/revisions"}],"predecessor-version":[{"id":66706,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/66704\/revisions\/66706"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/66705"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=66704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=66704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=66704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}