Ethereum Miners Switch to Ethereum Classic Mining

Against the backdrop of the Merge update being implemented in Ethereum on September 15, the hashrate of the Ethereum Classic altcoin increased its growth.rising by 280% on Thursday, to 183 Th/s against 64 Th/s at the beginning of September 15. Thus, over the past 30 days, the growth of the ETC hash rate was 500%.

Mining activity after the transition of Ethereum toProof-of-Stake is finding new uses, and ETC, which continues to operate under the Proof-of-Work consensus, is not the only example of this. Thus, the Ergo blockchain hashrate jumped by 390% in a day, from 27 Th/s to 107 Th/s. The Ravencoin hash rate almost doubled in the same time frame, from 8 Th/s to 15.52 Th/s.

In general, cryptocurrency mining continues to remain attractive, as indicated by the update of the historical maximum hashrate of the flagship cryptocurrency of the cryptosphere - Bitcoin.

Ethereum miners are also counting onmining the EthereumPow (ETHW) fork, whose distributed ledger is expected to go live on September 16th. Support for ETHW has already been announced by the Bybit crypto exchange. The number of mining pools considering mining ETHW reaches 19.

At the start of ETHW mining, their total hashratewill outperform Ethermine (28%), the mining pool that was the largest mining pool for Ethereum while the digital asset operated on a Proof-of-Work consensus. Ethermine itself stopped mining Ethereum after Merge, launching an Ethereum staking service in line with the Ethereum PoS vision promoted by the Ethereum Foundation.

Meanwhile, Tether, Inc.and Circle, two of the largest providers of dollar-denominated stablecoins, have announced that they will support Tether (USDT) and USDC running on Ethereum under a Proof-of-Stake consensus. Thus, USDT and USDC on the fork of Ethereum, ETHW do not receive support from the providers of these stablecoins.

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest crypto exchange in the world is Binance. The platform supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Bybit	https://bybit.com	7.9
3	Bitget	https://bitget.com	7.8
4	Huobi	https://huobi.com	7.3
5	AAX	https://aax.com	6.9

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Additional features and services— futures, options, staking, NFT marketplace.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• final grade– the average number of points for all indicators determines the place in the ranking.