Ethereum Merge: Hashrate migration of miners to Ethereum Classic

Currently, all ETH miners are repositioning themselves and are eyeing alternative cryptocurrencies. While the Ethereum Merge, the consensus change from Proof of Work to Proof of Stake, is essentially pulling the plug on miners, the hashrate migration of miners to Ethereum Classic, i.e. back to the roots of the Ethereum network, has long since begun.

In some networks, rapid increases in the hashrate of Ethereum Classic have been observed. The hashrate has multiplied since July, although the yield from the alternative to Ethereum is currently significantly lower. Industry giants such as Hive Blockchain are encouraging that ETC is still developing. It is currently not possible to predict what effect the run on classic Ethereum will have, as the majority of miners will mine Ethereum until the last day of the merge due to its continued profitability.

We are looking forward to the next few weeks with great excitement, but are all the more convinced that, with regard to our own  quota  A healthy mix of miners makes more sense than ever before, e.g. equal shares of Bitcoin, Kadena or Litecoin miners. A healthy risk distribution must be part of  a solid investment strategy.