Where is Ethereum? [ETH] Miners on the move after successful merger

Since the long-awaited Ethereum merger was completed on September 15, Ethereum miners have had to look for other altcoins to continue their operations. Therefore, some coins recorded a massive increase in their hash rate.

Ethereum PoW, a compelling new chain that has been built with the motive of protecting ETH miners, also shared the good news as several mining pools lent their support to the network.

Recently, Nanopool announced that it will support the EthPow Ethereum fork, which is expected to be minable within 24 hours of the ETH consolidation.

This is a very positive development for ETHW as Nanopool has had a hash contribution of around 30TH/s on the Ethereum network.

With this recently announced support, the total number of mining pools supporting ETHW has reached 18, which is a good sign for the ETHW community. Several major mining pools are also on the list, including Poolin, 2miners, Antpool, BTC.com, and many others.

What else is on the table?

Aside from the news of new mining pools joining the ETHW community, the past few days have been quite eventful for the community with several updates and announcements being made.

For example, the ETHW community shared an open letter talking about the ETHW network and ETHW mining. The big announcement was that ETHW would launch within 24 hours of the merger being completed.

Additionally, the ETHW community recently reminded miners to withdraw ETH within seven hours in a separate tweet.

Interestingly, while this development was taking place, the price of the ETHW token also responded accordingly. Since its launch, ETHW has seen a steady drop in its price, but now the situation appears to be changing in favor of the coin.

At the time of writing, ETHW is trading at $32.25 with over 40% increase in trading volume over 24 hours. ETHW’s daily chart is mostly painted green, giving hope for brighter days ahead.

ETHW competitors

While developments around ETHW looked promising, there were a few other blockchains that also received their share of the prize from the merger.

For example, Ethereum Classic and Ravencoin were heading to CoinMarketCap a few hours before the merger. Both ETC and Ravencoin recorded a massive increase in their network hash rate.

Interestingly, the value of their tokens also outperformed many other cryptocurrencies with a higher market capitalization as they posted huge gains in the past few weeks.

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