Luxor Mining COO: About 30% of Ethereum Miners Have Migrated to Other Networks

Sept 16,2022
KingData News: Ethan Vera, chief operating officer of ethereum mining pool Luxor Mining, tweeted that as suspected too many ETH miners switched over to ETC. Even running new generation hardware at sub 3 cent power is not profitable on ETC now. In total it looks like about 20-30% of ETH miners have found a temporary new home amongst other blockchains, the rest are shut down.
This indicator broadcasts the latest progress of ETH 2.0 and the data changes of ETH 2.0 pledge amount in time.
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