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What is the use of Ethereum Classic’s hash power (Ethereum hash power chart)

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What is the use of Ethereum Classic\’s hash power? Before Ethereum, some people s

What is the use of Ethereum Classics hash power (Ethereum hash power chart)

What is the use of Ethereum Classic’s hash power? Before Ethereum, some people said Ethereum Classic was a mining pool. However, now there are some large cryptocurrency mining service providers that have started using Ethereum Classic to mine Bitcoin, and these service providers also have a wide range of businesses, such as Coinprint, Zhongbensong, etc. Some companies have also launched their own Ethereum Classic mining machines or other mining facilities. The mining difficulty of Ethereum Classic is much lower compared to regular computers (due to limited computational power). Some mainstream mining devices available in the market currently include Antminer S9 and T2Ti, TSMC 7nm, and Xama M30sPro, among others. However, since Ethereum Classic is open-source software, there are not many options available, so many investors are focusing on ASIC chips. So why do many people think this way? Because Ethereum Classic is a decentralized network, where every user can participate and receive profits.

Ethereum Hash Power Chart

According to ethereumworldnews, the Ethereum hash power chart provides very useful data: the total network hash power of Ethereum is 119.8TH/s. Currently, this data has reached its peak at 134.5GH/s, and previously, ETH mining difficulty has increased to above 15T (based on the current block height calculation), suggesting that the hash rate of the Ethereum network is gradually increasing. Since January, more than 3000 ETH coins have been staked daily, which has increased the total market value of the entire industry by nearly 10 trillion RMB.

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