Looking at the ETC hashrate, it peaked at 300TH/s and now it looks steady at under 200TH/s.
https://2miners.com/etc-network-hashrateI am surprised that it hasn't gotten lower. Makes you wonder who is mining this. They are most likely mining it at a loss. There cant be that many people out there with free power.
Apparently it is to early to come to an end result as most probably it will go even more down in the coming days when more people release that their power bill is much more expensive that the reward they get from mining ETC.I also believe that there are not that many people with free power,right now a 300 Mhs makes you 0.7 and 1 Ghsh makes you near 3 dollars daily,so 1 Ghsh to make you 90 dollars monthly is not that great and most probably the power to run a 1 Ghsh farm or rigs is much higher than 90 dollars.
I believe we will see a downgrade of the network hash rate with the passing of a few more days,most probably next Monday can be a decisive day as one week from now is enough time for anyone to make better cold judgement.