Ethereum's Consensus-Through-Split event - graph of ETCs price and hashrate relative ETH

in #crypto-news8 years ago (edited)

The chart below shows ETCs price and hashrate relative ETH, and as I predicted (1) the miners do follow the price



The graph is from slacknation.github.io/medium/13/13.html

Reference:
1) Ethereum trials Consensus-Through-Split

"What we are seeing now with the ETC/ETH split is that the market self-organises to show what chain people agree to use, and the miners follow the $$$. That is now an ongoing process, ETC has 1/8 the hash power and 1/8 the $$$. Those who want to can choose the risk-free alternative of keeping duplicate copies on both chains, and Ethereum can find consensus through the market trading assets back and forth until one chain wins. "

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