Ethereum Classic is an open, decentralized, and permissionless public blockchain, that aims to fulfill the original promise of Ethereum, as a platform where smart contracts are free from third-party interference. ETC prioritizes trust-minimization, network security, and integrity. All network upgrades are non-contentious with the aim to fix critical issues or to add value with newly proposed features; never to create new tokens, or to bail out flawed smart contracts and their interest groups.
On October 6, the hash rate of the Ethereum network reached an all-time high of more than 250 terahashes per second, which is 80% higher than the levels in January. Glassnode noted that this was facilitated by a surge in hype around DeFi projects, which caused an increase in gas prices. Last time such a high hash rate was in the summer of 2018, then ETH was also trading slightly above the $400 mark. In addition, mining ethereum is now three times more profitable than bitcoin. According to the F2Pool mining pool, owners of Antminer S19 Pro devices can earn $4.33 per day, while ETH miners using NVIDIA GTX Titan V cards can expect to earn $15.56.
The Decentralised Finance narrative appears to have buttressed Ethereum network activity as miners pile in to push the network's hashrate to all time highs above 260 TH/s! (x-post from /r/Cryptocurrency)
Ethereum is trading at $338 at press time, according to CoinGecko. According to crypto analytics firm Glassnode, the number of addresses holding at least 0.01 Ether (ETH) has reached a new all-time high, at 10,116,076. As the number of new users on the network has been steadily increasing, ... Hashrate (Hash per second, h/s) is an SI-derived unit representing the number of double SHA-256 computations performed in one second in the bitcoin network for cryptocurrency mining. Hashrate is also called as hashing power. It is usually symbolized as h/s (with an appropriate SI prefix). It’s possible you could mine Ethereum, Monero, Zcash, Grin and many other coins with the same GPU. Top GPUs. Model / memory Coin Algorithm Hash rate Monthly revenue; AMD Radeon VII / 16 GB: Ethereum: Ethash: 84.6 Mh/s: $65.65: AMD Radeon RX 5700 XT / 8 GB: Ethereum Classic: Ethash: 70.7 Mh/s: $63.17: AMD Radeon VII / Ethereum Classic: Ethereum Classic network hashrate reflects the overall performance of all miners in the etc network. Currently, Ethereum Classic network hashrate is 3.33 TH/s = 3 327 846 592 032 h/s. Network hashrate is calculated using the current network difficulty, the average block find time set by the cryptocurrency network and/or the effective block find ... Power consumption: 230 W Hashrate: 78 MH/s Video memory: 16 GB HBM2 Daily revenue (without electricity costs): $0.93. AMD Radeon VII is the most powerful GPU miner for Ethereum today. The average hashrate of the card is about 78 MH/s and can achieve 90 MH/s without any tweaking.
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