Ethereum Classic 2025 Hashrate: Good, Bad or Balanced?
Ethereum Classic’s Identity and Current Struggles
Ethereum Classic (ETC) trails in the shadow of its more popular twin, Ethereum (ETH). Yet, what its hash rate expresses about network healthiness and the ethics of miners’ work tells a lot about determination and transformation. Up to the time of publishing on 22 February 2025, ETC is yet to get out of the previous circumstances, and apart from the increasing PoW ring of miners. Its loss in hashrate is glaring to show how it failed to weather the crypto market. Let us now consider what has diminished its hashrate today and predict how things are set to turn out over the next few days.
The Dawn of Ethereum Classic: A Hashrate Timeline
To learn ETC’s hashrate, we must trace back its origin. It was invented in July of 2016 when a massive hack occurred. ETC preserved the original concept of the Ethereum blockchain, “Code is Law,” which was abandoned by Ethereum to change it to regain lost funds. It compelled ETC to use PoW mining as Bitcoin, but with fewer resources and support.
When it was in its infancy, ETC was spindly with a low hashrate since all the miners had previously mined Ethereum. It left ETC open to attack and contributed to three major attacks from 2019 to 202,0 where the attackers had control of the network for millions of dollars. Its hashrate during this period was far behind Ethereum’s and hence a target of choice.
The Merge Effect: A Hashrate Surge
All that came to an end in September 2022 when Ethereum swapped its network to proof-of-stake (PoS) from PoW and unbundled mining. For this reason, some of the miners turned to ETC, whose hashrate rose immediately from 64 TH/s to 222.5 TH/s over one day. In mid-September 2022, it reached its all-time peak of 199.4 TH/s. This boom had the network increase security and ETC’s price reach more than $42. ETC was hip and fashionable for a short while.
The Downturn: A Reality Check for Hashrate
But this euphoria was short-lived. In Dec 2022, the ETC hashrate declined by roughly 50% to 109.3 TH/s as initial euphoria wore off. A few of the miners cashed out with brutal competition and cheap prices hitting bottom in late 2022 at $16.41. Some of the miners resold their rigs to other coins or turned off mining permanently. In early 2023, the hashrate bounced back to 100-150 TH/s and even reached pre-Merge highs.
2025 Update: Up-to-date Hashrate Status of ETC
As of February 22, 2025, the hashrate of ETC is around 252.53 TH/s, having bounced back from the previous decline. The previous two years, however, witnessed peaks and troughs of the market and competition from other altcoins. Enhanced efficiency in mining and increasing support for new applications enhanced miners’ morale. The price of ETC is around $21.18, which is within reach for some to mine.
There are, nonetheless, problems, as the hashrate may fluctuate quickly. In contrast to Bitcoin’s fixed number of miners, ETC is not able to support a large pool of miners. Its low market cap and small supply are also factors that dictate its rewards.
What Impacts ETC’s Hashrate in 2025?
Several factors dictate Ethereum Classic’s hashrate in today’s world:
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Mining Fees: Miners are still able to profit on ETC with low electricity costs, but fees are thin as paper in comparison to before the Merge.
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Security Boost and Power Efficiency: ETC is boosting security while reducing power requirements, remaining in the race.
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Competitors: Competing coins such as Ravencoin are drawing miners in, but since ETC has a connection to Ethereum, that is to its advantage.
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Community Support: ETC’s decentralized community still keeps miners engaged.
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The Future: Will the Hashrate of ETC Keep on Increasing?
In the future, the hashrate of ETC will rise depending on how well it performs in its ability to adapt. An upward trend in the market can cause more miners to join, but a steady downward trend can deter them. The security of the network is increasing with time, but is still low compared to pre-Merge Ethereum or Bitcoin.
Overall, Ethereum Classic’s hashrate journey reflects the unpredictable nature of the crypto world. Whether it celebrates a rise or faces another drop, ETC shows that even an underdog blockchain can make an impact. As 2025 unfolds, we’ll see if ETC’s hashrate continues to rise or falls again.