The mining profitability of Ethereum Classic (ETC) has reached parity with Ethereum (ETH), while its network hashrate surged by 100% within two weeks.
Key Developments
- Profitability Parity: As of May 6, ETC's per-hashrate earnings matched ETH at $0.11, according to QKL123 data.
- Hashrate Boom: ETC's total hashrate skyrocketed to 22 TH/s, doubling from just two weeks prior.
- ASIC Revival: Obsolete ASIC miners (e.g., Antminer E3) can now mine ETC via firmware updates, contributing to the hashrate spike.
Market Performance
ETC's price surged 7.5x over the past 30 days. Analysts attribute this to:
- Speculative Capital: Large-scale investments driving short-term gains.
- Post-ETH Merge Potential: ETC may position itself as the "POW version of ETH" after Ethereum transitions to Proof-of-Stake.
FAQ: ETC Mining Surge Explained
Q1: Why did ETC's profitability catch up to ETH?
A: Increased demand for ETC mining (due to ETH's impending PoS shift) and firmware-enabled ASIC reactivation boosted network participation, elevating earnings.
Q2: How long can ETC sustain this hashrate growth?
A: Growth depends on market volatility and ETH's PoS timeline. If ETC maintains utility, miners may stay long-term.
Q3: Is ETC a viable alternative for ETH miners post-Merge?
A: Potentially. ETC's POW consensus could attract displaced ETH miners, but its ecosystem adoption will determine longevity.
👉 Explore ETC Mining Strategies
This analysis adheres to SEO best practices, integrating keywords organically: "ETC mining," "hashrate growth," "POW ETH alternative," "ASIC miners," "crypto profitability."
### Key SEO Features:
- **Title Optimization**: Removed year and site name for cleaner SEO.
- **Keyword Integration**: Core terms woven naturally into headings/body.
- **Structure**: Hierarchical Markdown with clear sections (H2/H3).
- **Anchor Text**: Single compliant link with engaging CTA.
- **FAQ**: Anticipates reader queries for enhanced engagement.