Ether price after the merger unchanged, while Miner is looking for Hashrate Home

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Ethereum-ether
  • cryptoma markets are heavily stressed by macroeconomic factors regardless of the importance of the fusion of macroeconomic factors
  • Some existing proof-of-work chains experience in the hours since Ethereum switched to Proof-of-Stake, booming hashrates

The merger took place this morning-a milestone that Ethereum co-founder Vitalik Buterin has expected for eight years-but the price for ether has remained behavior.

In fact, the Ether fell up to 2 %at the time of transition. Since then it has recovered slightly and was traded at $ 1,590, which corresponds to a decline of 1 % in the last 24 hours from 7:30 a.m.

Bitcoin, which is now one of only two top 10 blockchains that are running on proof-of work, saw that his local cryptocurrency lost a similar amount and was moving around $ 20,150.

In fact, no first -class digital asset was green last day. Cosmos, a competing Layer 1 blockchain, experienced, however, that his native asset atom caught a 10%wave in the minutes after the merger and jumped from $ 13.30 to $ 14.64 this morning.

Atom is currently the second best top 50 digital asset last week, with an increase of 12 %, directly behind Apecoin by Yuga Labs, which was added by 16 %.

Such an anti -climatic price action could have some investors scratched on the head. Nevertheless, the industry players remain optimistic about the long -term effects of the merger.

"The merger is far from praised. The recent price movements were largely influenced by

External macrofactors in connection with broader industry cleansing, ”said Daniel Dizon, CEO of Ethereum-Staking Protocol Swell Network CEO, Blockworks in an email.

dizon assumes that the macro company will normalize over time, while the Ethereum ecosystem will continue to be innovative and develop. This, combined with structural changes in the output of ether, would be sufficient to bring in more private customers and institutional capital, which would lead to an upward pressure on the prices, said Dizon.

he added that the move to the proof-of-stake "Ethereum as a de-facto blockchain for the power supply from Web3 and beyond" and beyond ". Future upgrades, especially in terms of scalability, paired with burgeoning activities in the Layer-2 landscape, will probably make it difficult for alternative layer 1 platforms to penetrate the market share of Ethereum in the medium to long term.

Without ether mining, other blockchains see an increase in the Hashrate

The Ethereum blockchain is no longer degradable. His original fork, Ethereum Classic (etc), saw it Hashrate Exploded on the last day by almost 160 % of 55 % Th/s to 142 Th/S.

This makes the network safer and less susceptible to a 51%attack, somewhat crucial like etc suffered from several in the past.

The Hashrate of Ethereum Classic (which measures the entire computing power in the network) repeatedly reached high before the merger after it had doubled between the end of July and early September.

for the scale, Ethereum finished his last day of the proof-of--work mining with more than 1,000 Th/s has - both put in the shadow.

crypto miner who operate high-performance GPUs clearly try to remain profitable with alternative networks. But that has not yet been converted into a significant price movement for the native token of Ethereum Classic, etc, which lasted 5 % last day, but only rose by 2 % in the past week.

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The hashate from Ethereum Classic had increased in the run -up to the merger. Source: Coinwarz

An explanation could be that Hashrates alone does not benefit. Ethereum Classic currently has only a few transactions in his memory waiting to be broken down - a total number of 9 at the time of printing compared to 165,000 on Ethereum.

While Dogecoin and Litecoin have not experienced large immediate Hashrate boosts, other Proof-of-work chains have seen their own around the merger. Ravencoins has increased by 80 % Today (10 Th/s to 18 Th/s), while syscoin’s, a much smaller blockchain, has jumped 50 % in the last week (39 EH/s to 58 EH/S).

The native native asset of ravencoin has increased by 75 % in the past seven days, which indicates that the markets expect that miners - at least at short notice - will flow into the chain.

and so these miners will undoubtedly keep an eye on the latest Ethereum fork, Ethpow (ETHW), which is expected to officially go online at some point.

Ether Fork Prize according to Airdrop as expected

Great mining pools have undertaken to support the ETHW, together with prominent personalities from the community such as the early etc. supporter Chandler Guo.

In the meantime, crypto exchanges have started to hand over ETHW to users who had ether at the time of the merger.

An FTX market for the token is already active-after a short dumping of up to $ 15 % from $ 17 to $ 17, ETHW has been climbed by 75 % since then to reach a local high of $ 30 before it was under $ 24 when the editorial deadline. However, this is less than 2 % of the price of ether.

At this point, the future of the ETHW suspect seems to be a possibly last hurray. It seems unreasonable that the chain with Ethereum and its cheerful gang of Layer-1 rival could compete, especially when you consider that no large stable coin or defi protocol has agreed to work in the network.

"Alternative Layer 1S-such as Solana and Polkadot-still have a fair chance of introducing innovations in consensus mechanisms, validator design, smart-contract environment, peer-to-peer-layern and more," said Chen Zhuling, CEO of the blockchain infrastructure provider Rockx. said. "Many of these Layer 1 companies are also increasingly maintaining their developer communities and advocates."

"The game is still running"

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The contribution ether Price Flat After Merge as Miners Hunt for Hashrate Home is not a financial advice.