I heard that Ethereum Classic's hash rate is setting new records day after day. As the Ethereum merge upgrade approaches, it seems that many existing miners are turning their attention to ETC. Since ETC has the best profitability among mineable coins, this is a natural trend.

For miners who insist on proof-of-work mining, options are limited. When Ethereum switches to proof-of-stake, the existing mining method will come to an end, and they will have no choice but to move to places where they can still earn stable mining income, like ETC hash rate. In fact, the largest Ethereum mining pool has announced its shutdown after the merge, and is advising miners to switch to other mining pools such as ETC, Ravencoin, or Ergo.

Interestingly, the creator of Ethereum also mentioned that if miners prefer proof-of-work, they might consider moving to Ethereum Classic. Ultimately, the rise in Ethereum Classic's hash rate is not just a numerical change, but a signal that the mining ecosystem is undergoing a restructuring.