|All Time High:|
|Market Cap: |
|The price of #BEAM today is $0.025 USD.|
The lowest BEAM price for this period was $0, the highest was $0.025, and the exact current price of one BEAM crypto coin is $0.02533.
The all-time high BEAM coin price was $3.21.
Use our custom price calculator to see the hypothetical price of BEAM with market cap of ETH or other crypto coins.
|The code for BEAM crypto currency is also #BEAM. |
BEAM is 4.7 years old.
|The current market capitalization for BEAM is $3,670,227.|
BEAM is ranking downwards to #628, by market cap (and other factors).
|There is a medium daily trading volume on #BEAM.|
Today's 24-hour trading volume across all exchanges for BEAM is $529,621.
|The circulating supply of BEAM is 144,902,520 coins, which is 55% of the maximum coin supply.|
Beam Mobile Wallet — Groovy Gluon 7.3.___ — Release Notes
Beam Mobile Wallet — Groovy Gluon 7.3 — Release Notes - Download Beam Mobile Wallet 7.3 on iOS and Android! — TL;DR Release Highlights: - Added user-friendly features such as asset IDs, Updated the address generation process, providing users with an additional layer of security., We are aware that some DApps may have an unfriendly interface, so we ask for your patience as development is underway., — Improvements: - Added support for several DApps to the Beam Privacy Wallet on iOS including BeamX DAO, BeamX DAO Voting, and the Beam DEX., Added support for several DApps to the Beam Privacy Wallet on Android including BeamX DAO and BeamX DAO Voting. The Beam DEX DApp will be available in the near future., Endpoint renamed to Wallet Signature, Added confidential asset IDs, — Fixes: - Fixed several bugs and issues that were affecting the performance and stability of Beam Wallet., — Known limitations: - While we continue to improve the Beam Mobile Wallet, please note that certain DApps (such as the Faucet, Asset Minter, Beam Bridge, Liquidity Mining and NFT Gallery) may have limited support. Our team is working diligently to bring the complete Beam DApp Store experience to smartphones., Do not offer the same offline address to multiple senders of payments. Limit one offline address to each transaction., — Points to mention: - When restoring your funds in automatic mode, veri...
Beam Improvement Proposals — BIP 1 & BIP 2
BeamX Improvement Proposals — BIP 1 & BIP 2 - With the discussion around the Confidential Asset issuance amount having kicked off in the forum last week, the time has come to vote on the very first BeamX Improvement Proposals, BIPs. The first and second BIP, namely BIP 1 and BIP 2, are now live on the forum and ready for the community vote to begin. — Vote now! - BIP 1 — Reduce CA minting cost BIP 2 — Directing CA mint fee to miners Both BIPs will be up for voting until 1 PM GMT on Friday the 13th. The first BIP covers the reduction in $BEAM required to issue new Confidential Assets. The second BIP covers a change that was brought up in the CA discussions. Currently $BEAM is locked in order to issue a new CA. BIP 2 proposes to have $BEAM as an issuance fee going to miners to compliment the current block rewards. These first two BIPs will have voting conducted off chain in the Beam Forum. This is to enable the updates to take place in the upcoming Hardfork, scheduled for mid June. Forthcoming BIPs will have voting completed via the Beam Governance Dapp, with discussions surrounding them continuing to take place in the forum. — Come discover Beam and join our community! - Download Beam Wallet for Desktop, Web, iOS, Android Learn more about Beam on our website and blog Subscribe to our YouTube channel Read about Shaders and BVM Telegram: t.me/BeamPrivacy QQ Beam 中国官方社区: jq.qq.c...
Beam — BIP 1, BIP 2 Results
Beam — BIP 1, BIP 2 Results - Discussion took place on the Beam Forum around the upcoming Hardfork, namely to do with a reduction in the Confidential Asset issuance amounts. A lot of great points and feedback were shared from the community. From this BIP 1 and BIP 2 were presented to the community to vote on for the upcoming Hardfork. — BIP 1 — Reduce CA minting cost - BIP 1 was to decide the new amount for the Beam CA issuance cost. Voting has now concluded, with the community voting for the new cost to issue Beam Confidential Assets being 10 Beam. This change will come into effect after the Hardfork in mid June at block 1,790,000. — BIP 2 — Directing CA mint fee to miners - BIP 2 was to decide if the CA fee should go to miners, or remain as it currently is with the Beam locked in order to issue the asset. Voting has now concluded, with the community voting to keep the current structure with the Beam locked in order to issue the Confidential Assets. No change on this front will come with the upcoming Hardfork. — Future BIPs - These will likely be the first and last BIPs where voting is conducted off chain. It was done so in order to enact any change with the upcoming Hardfork. Future BIPs will utilise the BeamX DAO Governance Dapp in order to conduct onchain voting. — Come discover Beam and join our community! - Download Beam Wallet for desktop, iOS, Android Learn more about Bea...
Groovy Gluon 7.0 — Testnet Release Notes
Groovy Gluon 7.0 — Testnet Release Notes - Release Date: 19th of May — TL;DR Release Highlights: - The hard fork took place at block 1,670,000 on the Testnet. To continue using your Testnet funds please upgrade your Testnet wallets!, Numerous infrastructure improvements so that BEAM wallet (and Dapps in particular) work even more seamlessly and intuitively than before (90+ tasks in total — see in details here and here), — Improvements: - Plentiful user-oriented improvements have been implemented, including: Clearer notifications/errors/confirmations for users, so you won’t miss anything., Implemented IPFS integration. Support Documentation., Added support of HFTx (High-frequency transactions)., Ability to recover a web wallet from a mobile recovery file., Wallet API users can now sign user messages correctly., Added Drag and Drop for the DApp store page. And lots of other minor interface improvements., Added social networks to the publisher page, now they can be linked to the profile., Linux version is now displayed properly on smaller resolutions., — Known limitations: - When using active laser beam channels the CLI wallet should not be offline for over 24 hours, Once generated, do not offer the same offline address to multiple senders of payments, — Points to mention: - Upon using Atomic Swaps with ETH, DAI, WBTC, and USDT, users will have to create an account on Infura.,...
Groovy Gluon 7.0.13064
Release Date: June 2nd — TL;DR Release Highlights: - This version supports the Hard Fork which will take place at block height 1,820,000 (end of June). To continue using your funds please upgrade your wallets!, Numerous infrastructure improvements so that BEAM wallet (and Dapps in particular) work even more seamlessly and intuitively than before (90+ tasks in total — see in details here and here), — Improvements: - Plentiful user-oriented improvements have been implemented, including: Clearer notifications/errors/confirmations for users, so you won’t miss anything., Implemented IPFS integration. Support Documentation., Added support of HFTx (High-frequency transactions)., Ability to recover a web wallet from a mobile recovery file., Wallet API users can now sign user messages correctly., Added Drag and Drop for the DApp store page. And lots of other minor interface improvements., Added social networks to the Dapp publisher page, now they can be linked to the profile., Linux version is now displayed properly on smaller resolutions., — Known limitations: - When using active laser beam channels the CLI wallet should not be offline for over 24 hours, Once generated, do not offer the same offline address to multiple senders of payments, One more line was added in known limitations DApp Store — On Ubuntu 22+ apps list will not load icons, — Points to mention: - Upon using Atomic S...
Beam Web Wallet Beta 7.0.13064.484 — Release Notes
Beam Web Wallet Beta 7.0.13064.484 — Release Notes - Release Date: June 22nd, 2022 ATTENTION: This is an early version, please use with care and with a small amount of funds The Beam Web Wallet allows you to hold, send, and receive your Beam coins by using addresses in a convenient, safe, and secure manner. — Key Features: - Address details on Send and Receive screens, Assets list and Asset’s details, Payment proof tab on Transaction details for outgoing transactions, Rates for all types of transactions and amounts, Online (SBBS) address on Send and Receive screens, — UI/UX improvements: - Reworked input fields, Added an eye icon in the password field to have the ability to see the entered password, Added link to Beam documentation for easy navigation, — Fixed bugs: - Fixed issue with the Fee for Shielded coins, sometimes it was indicated incorrectly, Fixed issue with the restore when sometimes the Shielded coins were restored incorrectly, Lots of other small bug fixes were made, We welcome any feedback and feature suggestions from our community. Users who installed the extension via the Google Store don’t need to take action as the wallet will be updated automatically, Users who installed via unpacking zip, are required to download a new one and replace the files. — Come discover Beam and join our community! - Download Beam Wallet for desktop, iOS, Android, Web Learn more ab...
Beam Hard Fork Completed
As announced earlier, Beam has successfully completed its fourth Hard Fork. The Hard Fork completed at a block height of 1,820,000 integrates Beam blockchain with an IPFS storage; enables hi-frequency transactions (HFTX) and, introduces the decentralized DApp store. No consensus was changed. As is tradition, the Beam Team was live and on stand-by at the time of the fork monitoring network health and prepared for any contingencies. While the Fork went very smoothly, it was a moment of suspense when block 1,820,000 was mined; the Beam Team eagerly awaited the post-fork block 1,820,001 to appear. When it happened, it was a moment of joy and pride for the team. — Before - — After - — Aftermath - After the Hard Fork, the difficulty so far has remained fairly stable, with Leafpool finding block 1,820,001. — Why did we do the Fork - In previous hard forks, the team activated support for confidential assets and Shaders (smart contracts), greatly increasing the types and utility of projects that build on Beam. These include non-fungible tokens (NFTs), play-to-earn games (P2E), derivatives, tokenization etc. Integrating with an IPFS storage allows Beam to store data efficiently in a decentralized manner reducing blockchain bloat. Hi-frequency transactions (HFTX) improve resistance to the front-running problem by creating a strict inclusion rule for transactions. HFTX ensures that transactions will seek to be ...
Announcing Beam NFT Marketplace V2
Back in October 2021, Beam introduced confidential non-fungible tokens (NFTs) to the BeamX private DeFi ecosystem, kicking it off with the Beam Halloween NFT Competition. An NFT marketplace followed suit in the form of the NFT Gallery DApp in Beam Wallet. The launch was strongly supported by the Beamer community. Within days, artists began designing artworks and minting NFT collections. Collectors emerged from the community bidding to purchase the latest pieces.One of the earliest and most sought-after collections, “BEAM Punks” launched, inspired by the Ethereum-based CryptoPunks. BeamNFT.art, a community-created NFT project, developed by Vsnation soon came out, complete with its collection curations, step-by-step tutorials, competitions, and a dedicated DApp in Beam Wallet. With the new NFT Marketplace V2 right around the corner, it’s time to wrap-up and bid farewell to Marketplace V1. — NFT Marketplace V1 Wrap-up: - Most Expensive NFT sold (tie):, BEAM Punk 2 of 100” by DariaP | 10,000 ($BEAM), Waifu #2 by Harem Club69 | 10,000 ($BEAM), Most Popular NFT Collection: BeamBots by BeamBots | 274 sold for 177,444 ($BEAM), Total NFTs minted:+3,300, All-Time NFTs Sales Volume: + 510,000 ($BEAM), — Say Hello to V2 - Note: Image not final. Image retrieved from Beam’s DApp testing platform: Dappnet Gone are the Thursday rituals of artists mailing NFT collections to “NFT@beam-mw.com” before the ...
Groovy Gluon 7.1.13105 — Desktop — Release Notes
Groovy Gluon 7.1.13105 — Desktop — Release Notes - Release date: 9th August — TL;DR Release Highlights: - The Beam Hard Fork will take place at block 1,920,000. This is expected to take place around the start of September., To continue using your wallet and have access to your funds please upgrade your wallets prior to reaching this height!, — Improvements: - The fork puts into place BIP 1 — reducing the cost to mint Confidential Assets to 10 $BEAM as per the prior community vote, Improved DApp support in wallets for the BANS application, Added Shader capabilities to verify fork heights (to support fork-dependent features), — Known limitations: - When using active laser beam channels the CLI wallet should not be offline for over 24 hours, Once generated, do not offer the same offline address to multiple senders of payments, One more line was added in known limitations DApp Store — On Ubuntu 22+ apps list will not load icons, — Points to mention: - Upon using Atomic Swaps with ETH, DAI, WBTC, and USDT, users will have to create an account on Infura., The sender of funds to a receiver’s Public Offline Address might be able to know that those funds are later being used by the receiver. Beam wallet and Beam explorer do not expose such functionality but it’s possible to derive this information by analyzing the Blockchain., Verifying release binaries PGP key: “A6C...
BANS Launch — 16th August
BANS Launch — 16th August - Create your unique Web3 ID with BANS : Beam Anonymous Name Service! Greetings Beamers, We’re pleased to announce the BANS DApp will be going live tomorrow to allow Beamers to create their own personalised identity and easily readable addresses on the Beam blockchain. The BANS DApp will allow for the purchase of addresses ending in .beam for example privacy.beam, 1337.beam, and anything else you wish to use that has a minimum of 3 alphanumerical characters. — Launch - The launch parameters are here, with the BANS DApp set to go live tomorrow evening. BANS Launch Block: 1,896,111 Date: 16th August Time: ~6:30 PM GMT We will accompany the BANS DApp launch with a Beam Space to talk Web3 ID and the pivotal role BANS will play in both the Beam and wider crypto ecosystems. Stay tuned tomorrow and we will announce the space prior to launch. All BANS IDs will be accessible to all in a fair launch manner, and be available on a first come first served basis. To bring yourself up to speed with purchasing dot Beam addresses and using BANS, check out the BANS User Guide!! — Pricing - Users will be able to mint a BANS ID using the dedicated DApp located in the Beam Wallet. Payments are made in $BEAM and 100% of the revenue collected is immediately deposited into the BeamX DAO treasury. This will be visible in the next version of the Beam explorer to be released in the near future. The...
More BEAM (#BEAM) News
|Binance Abandons Planned Delisting of Some Privacy Coins in EU Markets
Cryptocurrency exchange Binance has reconsidered a decision to delist some privacy tokens in several European markets. The leading coin trading platform will continue to offer trading in these digital assets after revising their classification to comply with EU regulations.Binance to Continue Support for Certain Privacy Coins Despite Earlier Intentions to Remove Them
The world's largest crypto exchange by trading volume, Binance, has decided to reverse a plan to delist privacy-oriented cryptocurrencies in several EU jurisdictions. The move comes after the company received feedback from some of the projects and traders.
Last month, Binance informed customers it intends to remove 12 privacy coins in France, Spain, Italy, and Poland. Those set to be delisted on June 26 were dash (DASH), verge (XVG), beam (BEAM), monero (XMR), navcoin (NAV), firo (FIRO), horizen (ZEN), secret (SCRT), zcash (ZEC), pivx (PIVX), decred (DCR), and mobilecoin (MOB).
At the time, the exchange cited local regulatory requirements in these four markets that prevent it from offering privacy-enhanced cryptocurrencies, such as the obligation to monitor transactions of listed coins. In a statement quoted by crypto media, the exchange now indicated it has revised the approach to their classification:
After carefully considering feedback from our community and several projects, we have revised how we classify privacy coins on our platform to comply with EU-wide regulatory requirements.
Trading in some of the to...
|Crypto Exchange Binance to Remove Privacy Coins From 4 European Markets
Multiple reports have revealed that Binance, the crypto exchange with the highest trade volume, has announced the removal of 12 privacy-focused cryptocurrencies from its markets in Spain, France, Poland, and Italy. Commencing on June 26, 2023, users residing in these four countries will no longer have the option to purchase or trade these privacy coins on Binance's trading platform.Binance to Delist 12 Privacy Coins in Spain, France, Poland and Italy
Binance has recently informed its customers in France, Spain, Italy, and Poland via email that it intends to remove 12 distinct privacy coins from these markets. Among the privacy coins set to be delisted are dash (DASH), verge (XVG), beam (BEAM), monero (XMR), navcoin (NAV), firo (FIRO), horizen (ZEN), secret (SCRT), zcash (ZEC), pivx (PIVX), decred (DCR), and mobilecoin (MOB).
'Due to local regulatory requirements, Binance is no longer able to offer privacy-enhanced cryptocurrencies in France,' an email to French customers details. 'Starting from June 26, 2023, users residing in France will no longer be able to buy or sell the [specific] privacy coins on our platform,' the notice adds.
On Wednesday, the leading privacy coins experienced a 3.2% decline in value against the U.S. dollar. The combined market capitalization of all existing privacy coins currently sits at approximately $5.73 billion, with monero (XMR) taking the lead. XMR has experienced a 2.4% loss today, while the second-largest privacy coin by market capitalizatio...
|Prominent Ethereum Mining Pools Extends Support to ETHW Mining
Ethereum finally transitioned its underlying consensus model to proof-of-stake (PoS) on September 15th at block 15537393. The historical event, however, failed to shed off the appeal of the new proof-of-work (PoW) version of Ethereum.
ETHPoW (ETHW), a hard fork of Ethereum supported by a group of PoW proponents, has unveiled a list of all the mining pools that will support EthereumPoW after its mainnet launch.
Some prominent mining pools, such as F2Pool, Poolin, AntPool, Nanopool, BTC.com, 2miners, and EthwMine, have made it to the list.
So far, 23 pools have extended support, according to the post. The new asset's developers also confirmed that some new pools were carrying out mining tests based on data from the testnet.
Instead of following up with services for the planned PoW forks, Ethermine, which happens to be the world's largest Ethereum mining pool, stated it will stop offering its services after the switch.
As per its announcement, all Ethermine stratum servers will be shut down, and the pool will shift to a withdraw-only mode.
However, Ethermine users will still be able to leverage affiliated servers to mine Ethereum Classic (ETC), as well as Ravencoin (RVN), Ergo (ERGO), and Beam (BEAM).
Post Merge, the miners will be replaced by validators tasked with keeping the network secure and processing transactions, a move that saw vehement opposition from many miners.
Chinese miner Chandler Guo, for one, even rolled out a campaign to oppose the Merge, citing that those wh...
|ETC, RVN, ERGO Hashrate Soars Following The Merge, Large Quantity of Has...
Ethereum has officially transitioned from a proof-of-work (PoW) network to a proof-of-stake (PoS) system after seven years of operating as a PoW blockchain. The Merge has forced ethereum miners to transition to other PoW-based tokens and after the ruleset change was codified, a handful of PoW coins compatible with the Ethash algorithm saw their hashrates skyrocket. Ethereum Classic's hashrate has tripled in size since The Merge was triggered by Ethereum's Paris Upgrade.5 Tokens Reap the Benefits of Ethereum's Leftover Hashrate
Ethereum, the second largest crypto asset in terms of market capitalization, now operates under a proof-of-stake (PoS) blockchain system. The Merge was triggered by the Paris Upgrade on September 15, at block height 15,537,391 at 2:42:42 a.m. ET. A few hours prior to The Merge, Ethereum's hashrate plummeted significantly, and a great deal of hashrate was pointed at Ethereum Classic (ETC).
During the early morning hours (ET) on September 15, ETC's hashrate was around 80.77 terahash per second (TH/s). Hours after The Merge on September 16, ETC's hashrate increased by 228%, jumping to the current 228.62 TH/s. ETC was the main beneficiary in terms of getting the most hashrate from Ethereum's forced transition from PoW to PoS. However, a handful of other tokens with similar hashing algorithms also saw a significant rise in computational power.
At the start of the day on September 15, Ravencoin's (RVN) hashrate was around 10.15 TH/s but the following day it...
|Ethereum Classic Hashrate Taps Another All-Time High, ETH Hashpower Rema...
On August 31, 2022, Ethereum Classic's hashrate reached another all-time high (ATH) this year at block height 15,850,811. Ethereum Classic's global hashpower surpassed the 40 terahash per second (TH/s) region on Wednesday. Despite the fact that the network's hashrate has risen a great deal, Ethereum's hashrate remains relatively unchanged with just over 1,000 TH/s dedicated to the network. 66 Mining Pools Dedicate More Than 1,000 Terahash to Ethereum, Network's Hashrate Remains Steady and Unchanged
At the time of writing, Ethereum's total difficulty is 12374533505752422, and when the total difficulty reaches 58750000000000000000 in roughly 13 days, the network will transition from a proof-of-work (PoW) network to a proof-of-stake (PoS) blockchain via The Merge.
When the transition is codified into the codebase, ethereum (ETH) miners will no longer be able to mine the digital currency. There are roughly 66 ether mining pools currently dedicating Ethash hashrate toward Ethereum, and they represent 1.04 petahash per second (PH/s) or 1,040 (TH/s) of hashpower.
When the change occurs, Ethash miners will have to mine a different network, and they can choose blockchains such as Ethereum Classic, Ravencoin, Beam, and Ergo. It's been widely reported during the last two months that many believe the Ethereum Classic (ETC) network will reap the rewards of ethereum miners migrating to another chain.
In fact, ETC has seen an increase in recent times, and on August 31, 2022, the network h...
|Ethereum Classic's Hashrate Taps Another All-Time High Following Ethereu...
On Thursday, following the official proof-of-stake (PoS) transition announcement from the Ethereum Foundation, Ethereum Classic's hashrate tapped another all-time high at block height 15,806,925. The latest jump to 38.64 terahash marks the network's second record high in five days, as Ethereum Classic captured 38.37 terahash per second (TH/s) on August 20, 2022.Ethereum Classic Hashrate Spikes Following the Latest Merge Announcement
The Ethereum Foundation recently published a blog post called the 'Mainnet Merge Announcement,' which gives the public more precise dates concerning The Merge upgrade. At the time of writing, The Merge is expected to go live on Sept 10-20, 2022, and when that happens, Ethash proof-of-work (PoW) miners will be forced to mine another Ethash-supporting crypto network.
Ethash miners have a few coins they can choose from, like ravencoin (RVN), ergo (ERGO), beam (BEAM), and ethereum classic (ETC). Five days ago, Bitcoin.com News reported on ETC's hashrate tapping an all-time high at 38.37 TH/s at block height 15,776,674. On August 25, 2022, ETC surpassed that record as the network's hashrate reached 38.64 TH/s at block height 15,806,925.
There's a great possibility ETC could surpass that record again in the near future because the network jumped over the August 20 record on August 24 at block height 15,801,069 when it reached 38.40 TH/s. Moreover, there's still 975.15 TH/s of hashpower pointed at the Ethereum (ETH) network today. While there are a few ...
|What Is The Merge? A Brief Explanation of Ethereum's Transition From Pro...
In 23 days the Ethereum network will transition to a proof-of-stake (PoS) consensus algorithm after operating as a proof-of-work (PoW) blockchain since July 30, 2015. While the change may not mean much to ethereum users and traders, what's changing under the hood is a very big deal.You've Heard About The Merge, Why Is It a Big Deal?
Next month will be a monumental time for the Ethereum network and its participants. The Merge will likely be one of the most anticipated and recognizable upgrades the blockchain has seen since The DAO hard fork. On or around September 15, 2022, Ethereum will implement The Merge and that means the chain will completely change the consensus mechanism it once used. Since the blockchain was created, Ethereum's consensus mechanism has been a proof-of-work (PoW) scheme, similar to Bitcoin's consensus mechanism.
However, instead of the PoW consensus mechanism SHA256, Ethereum relies on a scheme called Ethash, a PoW consensus agreement preceded by a mechanism known as Dagger-Hashimoto. The main goal of Ethash was to offer ASIC resistance but after a few years, Ethash ASIC miners appeared on the market alongside the use of graphics processing units (GPUs). Similar to Bitcoin's PoW consensus algorithm, Ethash miners must put forth the computational cost of purchasing and operating ASIC or GPU miners, and using electricity.
When The Merge takes place, Ethereum will not depend on miners to validate transactions. Instead, the network's transactions will be va...
|World's Largest Ethereum Mining Pool to Drop Ether PoW Mining, Ethermine...
The world's largest ethereum mining pool, Ethermine, has announced the organization plans to drop proof-of-work (PoW) ethereum mining entirely. Ethermine says that the platform's miner dashboard will display a countdown and users can continue to mine ether until the countdown reaches zero.Largest Ether Mining Pool to End PoW Ethereum Mining - Ethermine Ethereum Mining Pool Will Switch to Withdraw-Only Mode After the Merge
According to a recent announcement from the world's largest ethereum mining pool, Ethermine, the platform plans to halt ETH mining as soon as The Merge takes place. Currently, the Ethereum network will transition from a PoW network to a proof-of-stake (PoS) network on or around September 15, 2022. During the last few weeks, it's been a guessing game as to exactly where ethereum miners will go following The Merge.
Ethermine is the world's largest ethereum mining pool with 262.79 terahash per second (TH/s) dedicated to the Ethereum chain. The pool is much larger in terms of hashrate compared to the second largest ethereum mining pool F2pool, as F2pool commands 127.48 TH/s, according to today's mining pool statistics.
'The mining phase of Ethereum will come to an end on the 15th of September 2022. After this date, it will no longer be possible to mine ether on the Ethereum network using graphic cards (GPUs) or ASICs,' Ethermine detailed. 'As a consequence of this transition, the Ethermine Ethereum mining pool will switch to withdraw-only mode once the Proof-of...
|Ethereum Classic Hashrate Taps an All-Time High, ETC Hashpower Jumped 39...
On August 20, 2022, Ethereum Classic's hashrate reached an all-time high at block height 15,776,674 as it tapped 38.37 terahash per second (TH/s). The crypto asset has seen its hashrate surge since Wednesday, August 17, jumping 39.22% higher from 27.56 TH/s to the all-time high (ATH). Ethereum Classic's Hashpower Skyrockets to 38.37 Terahash
Roughly six years after ethereum classic (ETC) miners mined the first ETC block at block height 1,920,000, ETC's hashrate tapped an ATH on August 20, 2022. ETC's hashrate reached 38.37 TH/s at block height 15,776,674.
The hashrate has been added to the ETC chain as Ethereum (ETH) approaches The Merge upgrade on or around September 15, 2022. Four days ago, on August 17, ETC hashrate was 27.56 TH/s and its jumped 39.22% higher since that day.
ETC's largest mining pool is Ethermine as it commands 8.05 TH/s, which is followed by Poolin's 8.02 TH/s. Ethermine's and Poolin's combined hashrate of around 16 TH/s is more than 40% of ETC's global hashrate.
ETC was initiated after the DAO hack in 2016 and the first ETC block was mined on July 20, 2016. Proponents of ETC believe it is the original unchanged Ethereum blockchain as the DAO hard fork erased the event from the blockchain.
In a commitment to sticking to proof-of-work, Ethereum Classic developers removed the difficulty bomb from the ETC chain. ETC's difficulty bomb removal took place at block height 5,900,000.
While Ethereum Classic (ETC) has seen a significant hashrate spike, other ...