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HIVE to explore mining of Ethereum alternatives for Merge, gives August figures

Nishit Jogi by Nishit Jogi
September 7, 2022
in News
Reading Time: 1 min read
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Home » News » HIVE to explore mining of Ethereum alternatives for Merge, gives August figures

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HIVE Blockchain, the world’s first publicly traded cryptocurrency miner, said in a statement on Tuesday it was considering mining alternatives in anticipation of Ethereum Merge. In the same statement, HIVE claimed it had produced a record 290.4 Bitcoin (BTC) and 3,010 Ether (ETH) in August which makes it an average crypto haul of approximately 9.4 Bitcoin (~$187,500) and 97 Ethereum (~$161,000) per day. HIVE also addressed the issue of its mining rigs that use GPU cards which will become useless for the Proof-of-Stake system after the Merge happens. It said in the statement that it was looking for GPU rigs’ uses in mining ETH Classic and other currencies like Doge and Litecoin.

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