Declining Interest Leads to Poor Market Performance for Ethereum Proof-of-Work Forks – Market Updates Bitcoin News

After transitioning from proof-of-work to proof-of-stake , the Ethereum community saw the launch of two new PoW Ethereum forks: ethereumpow and ethereumfair. In the past four months, the value of both coins has dropped by 94.8% to 98.4% in U.S. dollars.Since their launch in September 2022, the two newly introduced Ethereum forks that use a proof-of-work consensus algorithm have seen significant value loss. Ethereum itself made the transition from PoW to proof-of-stake on Sept.

In addition to its price decline over the past four months, the network’s hashrate has fallen from 68.17 terahash per second to 16.99 TH/s, a loss of 75.07% since The Merge took place. The top two mining pools for ETHW currently are F2pool and 2miners. Ethereumfair is a lesser-known Ethereum fork, and it is not assigned a rank on coingecko.com.

On Jan. 3, 2023, it was ranked 2,736th among the 22,174 tokens listed on coinmarketcap.com. ETHF has declined 98.4% since its all-time high of $20.59 on September 16, 2022. It has seen $657,438 in global trade volume over the past 24 hours, with Gate.io as the top exchange in terms of ETHF trading volume.

Over the past four months, there has been little mention of these Ethereum forks, and Google Trends data shows a significant decrease in interest since “The Merge.” The search term “Ethereum Fork” had a score of 100 the week of Sept. 11-17, 2022, but has now dropped to a four. The same trend is seen for the search term “ETHW,” which also hit a 100 during that week, but is now barely holding on to a score of four. Conversations about these forks are also low on Twitter and forums like Reddit. The declining price and lack of interest suggest that these two new proof-of-work

my goal was to create many ways for me to be able to get into my coins to have proof of ownership proof of work proof of identification proof of identity proof of script proof of purchase proof of my name .

Oh this fork was doa, just an attempt by miners to recoup some of those losses.

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