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Proof-of-work blockchain Ethereum Classic has recorded a large spike in hash rate as miners close shop on the now proof-of-stake Ethereum.
Its hash rate — a measure of crypto mining output — shot up to 183 terahashes per second (TH/s), 280% higher than the 64 TH/s hash rate 24 hours ago. Ethereum Classic's hash rate has witnessed a 500% growth in the last 30 days.
More info: https://bit.ly/3QLjuWy