Ethereum Classic (ETC)

Following Ethereum Merge, GPU Prices In China Have Recorded A Major Dip

Following Ethereum Merge, GPU Prices In China Have Recorded A Major Dip

It has been less than 15 days since the Merge was implemented on the Ethereum blockchain. The upgrade reportedly moved the Ethereum blockchain consensus from proof-of-work (PoW) to proof-of-stake (PoS). Mining Rigs Rendered Useless As the consensus protocol changed entirely, the mining for Ethereum (ETH) has become rather useless. In the past, the prices of the cryptocurrency mining rigs including the GPUs used for providing the computational power were in high demand. Prior to the implementation, Ethereum was based on the proof-of-work consensus. This meant that the adoption driving mechanism for ETH was mining it, increasing its computational power, and…
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Evaluating What ETH Merge Might Mean for Ethereum Classic (ETC)

Evaluating What ETH Merge Might Mean for Ethereum Classic (ETC)

Ethereum Classic arrived in the marketplace as a hardfork outcome of the Ethereum (ETH) split in 2016, and it appears to remain in touch with the dominant alt. ETC climbed to new highs some hours after Ethereum concluded the Goerli testnet. July sessions saw Ethereum Classic hitting a 3-month peak after Ether's previous testnet before the Goerli. Indeed, the Merge looks to be a determiner in ETC's subsequent rallies. While publishing this news ETC changed hands at $43, gaining more than 10% within the past day. Meanwhile, the price levels represented the highest for the alt since March's final week.…
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