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

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Ethereum’s sibling blockchain EthereumClassic saw its hashrate tap an all-time high at 48.82 TH/s on September 4.

Ethereum Classic’s hashrate surpassed the 40 terahash per second region last Wednesday and four days later, the network’s hashpower reached an all-time high at 48.82 TH/s on September 4.

Ethereum’s transition from proof-of-work to proof-of-stake is expected to take place eight days from now, and a great deal of hashrate has left the crypto asset’s network during the last few days.The sibling blockchain of Ethereum, known as Ethereum Classic, has been reaping the benefits of Ethereum’s upcoming upgrade called

 

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