$ETC hashrate increase does not help the price of the asset, which loses around 5% of its value in the last 24 hours
has reached 103 TWh per year, which is around 0.2% of the whole world's energy consumption. The Merge update makes Ethereum significantly"greener," but the hashrate of the network will not disappear. Rather, it will move toward alternative networks like Ethereum Classic or Ravencoin.
saw a massive 100% spike in the hashrate on the network, with the hashrate rallying from around 100 TH/s to 200 TH/s in no time. In the next few days, we will most likely see a gradual increase in the mining power on networks like Ravencoin, Ethereum Classic and ETHPOW, the three main heirs of Ethereum's hashrate.
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