Can Etc Handle The Hashrate Of Eth?

in #mining3 years ago

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While I'd want Eth to stay mineable coin forever but soon or late Eth is going to switch to proof of stake algorithm which will have huge impact on gpu miners because eth is the most profitable coin to mine right now . But there's also a possibility where I see it the other way around, a pos failure in eth and it returning to pow, it would be good for etc, if only eth miners are expected to go to etc for not being able to mine and that is the hope for the project we are going wrong . Need more devs, more adoption, more defi and more utility from etc. A 20% halving arrives and far from the currency rising, it does the opposite. It is true that the market is bearish but that is an excuse, in the btc halvings, whether or not the market was in the red, there was a considerable rise. With this I say that if we look at the fact that there are now fewer rewards (which is what miners feed on, since there is not much movement in the currency and the fees are very low compared to eth) with the price being so low and the difficulty rate much higher. It is unattractive to mine etc, so no matter how much it is said that they are going to give you security for a higher hashrate, in my opinion I do not see it at the moment.

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