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.
I'm convinced there are people with big farms who know nothing about the merge and got redirected to ETC mining automatically by ethermine, unaware of its current unprofitability
There are no doubt a lot of people who went too hard with GPUs that are going to be getting pretty desperate. A good time to build a gaming rig. I think as people come to grips with the reality that is the GPU mining scene things are going to get pretty hairy. Best bet now if you don’t want to shut off your miners for a while is to pick a coin to mine and hodl while you pray it pays off down the line.