Re: Ethereum Value Drops as Bitcoin Price Goes Past $670

What if ETC does not die in a month, what if it just keeps tagging along stubbornly?

As long as the big whales own the ETC and keep the price high, it will survive and miners will mine it.

Yes. The miners will just mine the more profitable coins and sell the coins for bitcoin. They do not like the particular coin.

Miners are in there for the money. I found that the mining hash of ETC is closely correlated with the ETC price.

It seems the ETC hashing has reduced over the last week from 1000 GH/s to 500 GH/s now. That is similar to the price drop.

The ETC hashing rate is still around 600 GH/s. The overall Ethereum hashing rate is at all time high at present.