Miners had for a long time suggested miners migrate to other proof of work projects like Ethereum Classic, Ergo and Ravencoin. Miners are largely dependent on just a few blockchains —. These projects are reasonably better options considering the mining capabilities and rewards. Hashrate is the total computational power used by cryptocurrencies to mine and process transactions. With increased miner traffic on these networks, profits have decreased compared with pre-Merge levels. Meanwhile, the price of. ETC (ETC) plunged post The Merge and failed to recover since. As of writing, ETC price stands at $34.21, down 1.13% in the last 24 hours, according to price tracking platform CoinMarketCap. Same is the case with . . .