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A comment on Ethereum Classic hashrate doubled this month ahead of ETH merge. Parent comment

Re:Ethereum Classic hashrate doubled this month ahead of ETH... by cercatrova on Wednesday September 14, 2022 @08:43PM (#32845536)
Bullish towards ETC, not necessarily (and likely bearish towards) ETH
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Re:Ethereum Classic hashrate doubled this month ahead of ETH... by matheusmoreira on Wednesday September 14, 2022 @09:14PM (#32845759)
I understand why it would be bullish for ETC but why would the merge be bearish for ETH? If it reduces gas fees as promised, it should make the cryptocurrency a lot more useful in general which could increase its price.
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Re:Ethereum Classic hashrate doubled this month ahead of ETH... by pcthrowaway on Wednesday September 14, 2022 @10:07PM (#32846153)
It's not really intended to reduce gas fees (although, the block time decreasing by ~8% to ~9% post-merge could incidentally reduce fees a similar percentage)
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