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51pool Attack Plans 51% Network Attack Against Ethereum Classic

51pool Attack Plans 51% Network Attack Against Ethereum Classic

51Pool Attack Plans 51% Network Attack Against Ethereum Classic Over the past few days, there have been various rumors regarding an impending 51% attack against the Ethereum Classic network. Although some earlier attempts remained nothing but speculation, 51Pool is forging ahead with its plans to destroy the ETC network. This goes to show how some people in the Ethereum community respond when the going gets tough. Ever since Ethereum Classic has proven to be able to stand on its own two legs, for now, the Ethereum community has been rather hostile towards this project. That is rather strange, considering both ecosystems are one and the same, albeit one has a hard fork solution which the other did not implement. 51Pool Shows True Colors of Some Ethereum Holders Some of the Ethereum community members have taken it upon themselves to come up with a plan of action that will ultimately destroy the ETC network, or at least try to. The project is called 51Pool, which is currently mining Ethereum at 0.25% fees. It originally started at 0% fees, but that was not sustainable apparently. The objective of 51Pool is rather simple: gather enough mining power to perform an attack on the ETC network. Right now, Ethereum Classic Mining power sits at 464 GH/s, so it will take some time until something can happen. That being said, the pool will continue to mine ETH for now until sufficient hashrate can be achieved. If this ever were to be the case and the Ethereum community would better hope it wont be 51Pool will attempt to 51% attack ETC as many times as necessary. By using a modified Go-Ethereum client, the pool owner hopes to achieve his attack and forge mined blocks, so the pool gets all of them. As to why people should join 51Pool in their efforts, the answer is rather straightforw Continue reading >>

Ethereum Classic Mining Profitability Calculator | Blockchain | Pinterest | Calculator And Cryptocurrency

Ethereum Classic Mining Profitability Calculator | Blockchain | Pinterest | Calculator And Cryptocurrency

Ethereum Classic Mining Profitability Calculator Find this Pin and more on Blockchain by gctbuyer . Find this Pin and more on CryptoCurrency by lenellisjr . Resources page for all things cryptocurrency. Where to buy cryptocurrency. Where to sell cryptcocurrency. Where to mine cryptocurrency. Where to store cryptocurrency. Where to spend cryptocurrency. Where to trade cryptocurrency. With the growing demand of fast and reliable transactions in Exchanges cex.io seems to meet the demand and has by princemudex IO Bitcoin Referral Program and get rewards for each user referred by you. Withdraw earnings to your credit card at any moment. Need some Bitcoins? Buy and Sell with a trusted source. #CEX #bitcoins #bitcoin #bitcointrading #cryptocurrency #cryptocurrencies #buybitcoin #litecoin #BTC #ETH #LTC #Ethereum #buyEthereum Find this Pin and more on Merchant Cash Advance by BsaFunds . Explore why Major develop small business solution? Find this Pin and more on Trading cryptocurrency by 7e7a90 . Everything you need to know about Bitcoin and how to start making money with them in no time Lesson 1: How to Buy Ethereum | Bitcoin| Litecoin| Trading and Investing Series Find this Pin and more on Blockchain by gctbuyer . Find this Pin and more on by bacargiu . Create a Free Website with unlimited Space and Bandwidth, Amazing Templates in and Photo Galleries, Image Manager, Widgets and Website Publishing. Free Bitcoin Wallet, Faucet, Lottery and Dice! Build your downlines from The Ultimate in cooperative traffic - the Downliner! I'm Getting Paid Up to $25 Every Hour Straight To My Bitcoin Wallet - Come Join Me & Make Money In 5 Minutes From NOW! 7 Cryptocurrency Predictions From the Experts Find this Pin and more on Bitcoin by aikvelti . 7 Cryptocurrency Predictions From the Experts Continue reading >>

Mining Ethereum Classic 0.1 Documentation

Mining Ethereum Classic 0.1 Documentation

Mining success depends on the set block difficulty. Block difficulty dynamically adjusts each block in order to regulate the network hashing power to produce a 12 second blocktime. Your chances of finding a block therefore follows from your hashrate relative to difficulty. Ethash uses a DAG (directed acyclic graph) for the proof of work algorithm, this is generated for each epoch, i.e., every 30000 blocks (125 hours, ca. 5.2 days). The DAG takes a long time to generate. If clients only generate it on demand, you may see a long wait at each epoch transition before the first block of the new epoch is found. However, the DAG only depends on the block number, so it can and should be calculated in advance to avoid long wait times at each epoch transition. Both geth and ethminer implement automatic DAG generation and maintains two DAGs at a time for smooth epoch transitions. Automatic DAG generation is turned on and off when mining is controlled from the console. It is also turned on by default if geth is launched with the --mine option. Note that clients share a DAG resource, so if you are running multiple instances of any client, make sure automatic dag generation is switched off in all but one instance. To generate the DAG for an arbitrary epoch: For instance geth makedag 360000 ~/.ethash. Note that ethash uses~/.ethash (Mac/Linux) or ~/AppData/Ethash (Windows) for the DAGso that it can shared between different client implementations as well as multiple running instances. Our algorithm, Ethash (previously known as Dagger-Hashimoto), is based around the provision of a large, transient, randomly generated dataset which forms a DAG (the Dagger-part), and attempting to solve a particular constraint on it, partly determined through a blocks header-hash. It is designed to hash Continue reading >>

Ethereum Classic (etc) Mining Calculator | Red Miner

Ethereum Classic (etc) Mining Calculator | Red Miner

HD 7850 HD7870 R7 265 R7 370 2GB R7 370 R9 270 R9 280X R9 280 R9 290X R9 290 R9 380 4GB R9 380x STRIX 4GB R9 390 STRIX R9 390 R9 Nano Strix R7 370 2GB GT 520 GT 730 GT610 GTX 780 GTX 960 GTX 970 G1 GTX 970 Xtreme GTX 980 G1 GTX670 GTX760 GTX770 GTX950 GTX970 G1 GTX980 HD 7970 HD7950 HD7970 Nano R7 260X R9 280 Windforce R9 280x WindForce R9 280x R9 290x R9 290 R9 380 G1 Gaming R9 380X G1 R9 390 7950 twin frozr III 980 Ti Seahawk GTX 750 Ti GTX 760 4GB GTX 770 GTX 950 GTX 970 Gaming G4 gtx 970 sli GTX 980 GTX680 HD 7970 R7 260X R7 370 2GB R7 370 4G R9 270 R9 280x R9 280 R9 290x 8GB R9 290X R9 290 R9 295 R9 380 4GB R9 380 8GB Gaming Edition r9 390x R9 390 R9 Nano AXR9 390X 8GBD5 HD 7850 HD 7990 R7 250 R7 370 R9 270x R9 280X R9 280x R9 380X R9 380 RX 480 Red Devil RX470 4GB TurboDuo OC HD 7790 HD 7950 HD7850 HD7870 HD7950 HD7990 R7 240 R7 260x R7 370 R9 270 Dual X R9 270x R9 270 R9 280x R9 280 R9 285 R9 290x R9 290 R9 380X Nitro R9 380 R9 380Nitro R9 390 Nitro R9 390X R9 390 R9 Fury X R9 Nano R9260x RX 470 8GB RX 470 RX 480 Continue reading >>

Best Ethereum Mining Hardware (2018 Updated)

Best Ethereum Mining Hardware (2018 Updated)

Last updated on February 26th, 2018 at 04:04 pm Ethereum (ETH) is a popular choice for graphics card (GPU) miners. In 2018, Ethereum smashed its long-term $400 ceiling, and reached more than $1,000. Ethereums Ethash algorithm is one of many algorithms designed for optimal mining on GPUs. Generally speaking, a GPU is good for mining all GPU-mineable cryptocurrency (including Ethereum Classic , Monero , Zcash , and Vertcoin). This situation gives GPU miners enviable flexibility, in order to be able to switch between over 40 coins that are based on their current profitability. If youre new to mining Ethereum , there are 4 important things you should know: Ethereum intends to switch to a Proof of Stake scheme called Casper. Although this switch has been delayed, its reasonable to expect that it will occur in late 2018. Ethereum mining will no longer be possible after that, unless a hybrid Proof of Work/Proof of Stake model is implemented. If so, rewards to miners will be significantly reduced, with perhaps half of all new coin rewards going to holders instead. Ethereum mining currently requires a GPU with at least 3 gigabytes of Video RAM (VRAM). This VRAM requirement is expected to grow to 4 gigs in 2018. The Ethereum Directed Acyclic Graph (DAG) file is stored in VRAM by miners. The DAG grows in size by remaining proportionate to the mining difficulty. About once every epoch (or 30,000 Ethereum blocks), a new DAG is generated, which must be downloaded in order to continue mining. You can view the current epoch and other Ethereum network stats here . (At the time of this writing, the epoch was 162.) Note that the performance of older cards will degrade with each new epoch. Up to a point, more VRAM will also improve performance. The present difference between a 4- and 8-gi Continue reading >>

Ethereum-classic Mining Calculator And Profit Calculator

Ethereum-classic Mining Calculator And Profit Calculator

Ethereum-Classic Mining Calculator and Profit Calculator Ethereum-Classic Cryptocurrency Mining Summary Days to generate one block mining solo: 12.36 Day(s) (can vary greatly depending on your luck) Days to generate one BTC: 1300.43 Day(s) (can vary greatly depending on the current exchange rates) Days to break even: N/A (can vary greatly depending on the current exchange rates) Estimated Expected Cryptocurrency Earnings The estimated expected cryptocurrency earnings are based on a statistical calculation using the values entered and do not account for difficulty and exchange rate fluctuations, stale/reject/orphan rates, and a pool's efficiency. If you are mining using a pool, the estimated expected cryptocurrency earnings can vary greatly depending on the pool's efficiency, stale/reject/orphan rate, and fees. If you are mining solo, the estimated expected cryptocurrency earnings can vary greatly depending on your luck and stale/reject/orphan rate. Continue reading >>

Is Ethereum Mining Profitable And Worth It In 2017?

Is Ethereum Mining Profitable And Worth It In 2017?

Is Ethereum Mining Profitable and Worth it in 2017? As the price of Ethereum hovers around $300, you may be wondering to yourself whether or not its worthwhile to begin mining. Like Bitcoin, Ethereum is a proof-of-work coin that uses miners to confirm network transactions. The profitability of mining varies from person to person and changes over time usually becoming less profitable as the coin matures. There are three important factors to consider when figuring out if Ethereum mining will be profitable for you: Putting it simply, your mining rig needs to solve a mathematical algorithm to mine Ethereum. The mining difficulty of the network is a measurement of how difficult this algorithm is to solve. The higher the difficulty, the less Ethereum you receive for each unit of energy the GPU on your mining rig expends. As more miners join the network, this difficulty increases. The Ethereum mining difficulty had been steadily increasing since July but recently dropped from a high of ~3,000T to ~1,500T. This dip was caused by the Byzantine fork but isnt as advantageous as it seems. Even though the difficulty decreased, the block reward also decreased from 5 ETH to 3 ETH effectively canceling out any benefit from the difficulty change. You can view the past and current difficulty on the Ethereum network at CoinWarz . The hash rate is the speed in which your mining rig can solve the mathematical algorithm needed to validate a transaction. New miners are constantly entering the market with better and faster hash rates. Theres more to buying a miner than just picking the one with the highest hash rate, though. Miners with a high hash rate usually come with a high price tag. On top of that, they also typically use more electricity as they operate which could further drive your c Continue reading >>

Ethereum Classic Mining Now Very Profitable ... : Ethereumclassic

Ethereum Classic Mining Now Very Profitable ... : Ethereumclassic

Ethereum Classic is an open blockchain that all are welcome and free to use. We believe in distributed ownership. We believe that for a blockchain to succeed it must be decentralized in network, technology, community, and leadership. There is no group that can take away your right to use ETC how you choose. On many blockchains, despite their "decentralization", a small few hold the ability to change how your contracts work and control your money. On ETC we have taken great care to distribute our blockchain stewardship such that no one group controls ETC. Our highly decentralized ecosystem means that ETC does not have the same centralization issues of other blockchains. Continue reading >>

Bitcoin & Cryptocurrency Mining Contracts | Genesis Mining

Bitcoin & Cryptocurrency Mining Contracts | Genesis Mining

Its hard to review anything when not possible to use it yet due to purchasing with a credit card, but once I am able to use it I will update my review Been sold out of contracts for a while now and Im exited to have finally copped one before theyre gone. So happy for the wonderful opportunity to buy another Ether Contract. I love it - Thank You While we think that Ethereum may turn to POS in the coming future, we have a fantastic future to mine it at a profit with Genesis Mining. If it DOES go to POS instead of mining, then we can move to a variety of alt coins that are nearly as profitable and every bit as much fun. Give Genesis Mining a go and see why it is better than buying coins directly. I think that my purchase was a good thing. And this thing will bring me a lot of benefit. I expect to have a good return for this investiment. Finally the mining contracts are back. It's harder and harder to find mining contract and the Genesis Mining ones are the last decent ones around. Most of them will never payback. I'm using Genesis for 1 year right now and satisfied. Zcash cash priceis riseing, so this pachage is quite profitable, better than buing your own mining sistem at home. Even if PoS starts, there are alternatives.Because I heard that the reputation is good, I have decided mining for the first time as GenesisMining.I am looking forward to April when mining starts. I have bought the etherium and bit coin for the last two years.I am very excited and am very pleased to see the benefits.I have been informing others a lot and invested a lot of people.If I have a chance, I would like to invest and recommend more. I have ETH contract with Genesis for 2 years and one with same Hash rate with a competitor but 1 year contract. Genesis has consistently paid out more than the Continue reading >>

[ann] [etc] Ethereum Classic: Immutable Smart Contracts

[ann] [etc] Ethereum Classic: Immutable Smart Contracts

[ANN] [ETC] Ethereum Classic: Immutable Smart Contracts Ethereum Classic is a project to keep the original censorship-resistant, immutable, decentralized Ethereum Developers will be building on our immutable chain, are you ready? Code is law. Choose NO fork You can't have the forked blockchain though. So if you already had this software you need to rename Mist and Ethereum in appdata to start fresh and choose no fork. We believe in decentralized, censorship-resistant, permissionless, IMMUTABLE blockchains. We believe in the original vision of Ethereum as a world computer you can't shut down, running irreversible smart contracts. We believe in a strong separation of concerns, where system forks are only possible in order to correct actual platform bugs, not to bail out failed contracts and special interests. We believe in censorship-resistant platform that can be actually trusted - by anyone. Code is law. More: Ethereum Foundation responded to DAO debacle in the worst way possible. Special interests controlling the Foundation are ramming through DAO bailout hardfork against principled opposition of a significant economic minority of Ethereum stakeholders. According to (diligently hidden, pro-fork) coin vote on Carbonvote , 19% of ETH holders oppose this hardfork. Also, about 22% of Ethereum miners voted against the previous 'DAO softfork' and would logically oppose hardfork as well. Such a significant minority of stakeholders should not be silenced or intimidated into submission - they should be given a clear choice. If we want to continue to move forward and guarantee survival of the original Ethereum vision, we must fork Ethereum. This will lay the foundation to build secure decentralized applications that are actually censorship resistant. More: The main goal of the Continue reading >>

Ethereum Classic - What's The Formula To Calculate The Mining Profitability For Etc? - Ethereum Stack Exchange

Ethereum Classic - What's The Formula To Calculate The Mining Profitability For Etc? - Ethereum Stack Exchange

What's the formula to calculate the mining profitability for ETC? I know there are calculators for mining profit, but I need to include the same thing in an app I'm building, what formula do they use for Ethereum Classic?Also, can I use the same formula for other cryptocurrencies or is it different every time?Is there some website/guide/etc. that I can use to learn more about this? Look at a calculator source code , there are some on github and you'll find the exact formula : $scope.ethPrice = ethereumStats.priceUsd; $scope.netHashGH = (ethereumStats.difficulty / ethereumStats.blockTime) / 1e9; $scope.blockTime = ethereumStats.blockTime; $scope.earnings = {}; $scope.computeProfits = function() { var userRatio = $scope.userHash * 1e6 / ($scope.netHashGH * 1e9); var blocksPerMin = 60.0 / $scope.blockTime; var ethPerMin = blocksPerMin * 5.0; $scope.earnings.min = userRatio * ethPerMin; $scope.earnings.hour = $scope.earnings.min * 60; $scope.earnings.day = $scope.earnings.hour * 24; $scope.earnings.week = $scope.earnings.day * 7; $scope.earnings.month = $scope.earnings.day * 30; $scope.earnings.year = $scope.earnings.day * 365; }; Thanks, so it's the same for ETH and ETC? Fyde Jan 15 '17 at 4:07 @Fyde yes, both use the same Ethereum protocol, for the moment... Nicolas Massart Jan 15 '17 at 9:37 care to explain what's the purpose of this line? var ethPerMin = blocksPerMin * 5.0; Luca G. Oct 26 '17 at 0:33 answering myself: 1 block = 5 ETH rewards although this might not be the case forever Luca G. Oct 26 '17 at 0:41 @bshea it's 1e6 and 1e9, not 1e5. But I'll assume it's a typo ;) these ratios are used to convert your mining power called hashrate in the same unit. Network hashrate is always defined in Gh/s:giga hash per second and miner rate here is Mh/s: mega hash per secon Continue reading >>

Paying Ethereum Classic Cloud Mining

Paying Ethereum Classic Cloud Mining

GENESIS MINING INTRODUCTION GENESIS MINING is the world's leading and most transparent hosted hashpower provider for Bitcoin and Altcoins. Reliable & Customer Oriented. They are heavily investing in the best available hardware to stay at the edge of technology. For you, [READ MORE] TRESORIOINTRODUCTION TRESORIO is a company established in France andgoverned by French law. Theyare hosted by the Chamber of Commerce and Industry. In France, nuclear and renewable energy can produce 97% of electricity without emitting greenhouse gases. This also allows them [READ MORE] BITCLUB NETWORK INTRODUCTION BITCLUB NETWORK is not owned by any single person or entity, they are a team of experts, entrepreneurs, professionals, network marketers, and programming geeks who have all come to together to launch a very simple business around [READ MORE] MINERGATE INTRODUCTION MINERGATE is a mining pool created by a group of cryptocoin enthusiasts.It is the first pool which provides service for merged mining. This means that while mining on our pool you can mine different coins simultaniously without decrease [READ MORE] MYCOINCLOUD INTRODUCTION MYCOINCLOUD mining farm is situated in Bulgaria and they use some of the most efficient miners on the market. They constantly update their farm in order to provide their clients with one of the best cloud services. They [READ MORE] Ethereum Classic is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. Ethereum Classic is a continuation of the original Ethereum blockchain the classic version preserving untampered history; free from external interference and subjective tampering of transactions.You can find out more about Ether Continue reading >>

Genesis Mining Profitability (february 2018)

Genesis Mining Profitability (february 2018)

Genesis Mining Profitability (February 2018) This guide gives the current profitability of all available cloud mining contracts on Genesis Mining on 9th February 2018. To compare contracts equally, we scale hashpower down to a $30 initial investment. Calculations are made using our cloud mining calculator: www.anythingcrypto.com/cloud-mining-calculators/medium We did a similar comparison for HashFlare here . Currently Genesis are out of stock on Bitcoin, Dash, Litecoin and Monero mining contracts; so in this guide we compare their Ethereum and ZCash contracts. Both are pre-orders that would start on 30th April 2018 (this delayed start is included in our calculations). Before buying a Genesis Mining contract there are a few things to be aware of: Ethereum may move to proof-of-stake in the future. If this happens and you own an Ethereum mining contract you'll likely have to change to a different coin using the same algorithm (Ethereum Classic for example). Genesis Mining has a reputation for inconsistent payouts, where sometimes you might not get paid for several months (with many people claiming they've never been paid). Profitability of a $30 investment in each of Genesis Mining's contracts: Ethereum (current price $848) NOT PROFITABLE Optimistic: $0.22 per week, $23 after 2 years Skeptical: $0.04 per week, $4 after 2 years Continue reading >>

Why Ethereum Classic Must Die - Coindesk

Why Ethereum Classic Must Die - Coindesk

Jacob Eliosoff is a computer programmer and former Wall Street quant whoruns Calibrated Markets LLC, a cryptocurrency investment firm with holdings in BTC and ETH. In this opinion piece, Eliosoff discusses why he believes the ethereum community needs to unite around one implementation of the protocol, and why he believes it should be the version that opted for a controversial fork. The ongoing ethereum classic drama is yet another illustration of the great irony of cryptocurrency a technology invented as a way to form consensus keeps facing its greatest threat from the inability of its communities to form it. When there's a fork, it's important for the community to choose wisely between the two branches . But it's also important, often more important, for the community to converge on one branch. In a case like ethereum , which now has two competing versions, ethereum (ETH) and ethereum classic (ETC), not converging will do more harm than converging on the inferior branch. We've reached the point where there are only two realistic outcomes for ethereum: a bifurcated project, confusing users and developers, or convergence on the ETH chain. During the original fork debate, I saw legitimate arguments on both sides, though no clinchers. I wasn't an investor in The DAO, which struck me as doomed from the start, and saw no need to rescue its backers. Concentrating 4.5% of all ether in the hacker's hands wasn't ideal, but didn't seriously threaten the network either. The most common anti-fork argument is that fiddling with the ledger sets a bad precedent. This is true. But how bad? It's not like if this one sticks, we're all doomed to a future of hard forks any time the FBI asks or one of the admins loses a few coins. Whichever branch wins out, this fork has been messy enough Continue reading >>

How The Mining Pool Works: Pplns Vs. Solo | 2miners Blog

How The Mining Pool Works: Pplns Vs. Solo | 2miners Blog

How the Mining Pool Works: PPLNS vs. SOLO Lets make it clear what mining is and how the mining pool works. We will try to explain it in a simple For Dummies way.Cryptocurrencies run on blockchains. A Blockchain is a sequence of blocks. Each new block is a piece of data. It contains information about the transactions accomplished within the last minutes or seconds (conditionally).Each new block contains a puzzle based on the data from a previous block. This irreversibility makes the blockchain special. These puzzles are being solved by your processors, graphics cards, or ASIC hardware. They are very complicated even for modern PCs, and their solving requires a huge amount of time especially if you are alone. However, we have the invention mining pools to take advantage of this issue. Many mining devices work together in a pool to solve the puzzle, finding solutions for the new blocks. Each device receives a computational task of a significant lesser level of difficulty, and the mining pool checks to see whether or not each obtained solution represents a complete solution of the puzzle or not. At the earliest days of the mining, any processor or GPU had the sufficient power required for finding many solutions per day and getting a reward for the detected block. With an increase of the interest to the cryptocurrencies, the difficulty level of the puzzles also increased, and a standalone PC could not find many solutions anymore. Difficulty level was rising because the reward for the newfound block was growing as well as its equivalent in value. That was the time when miners decided to unite their efforts and create the mining pools. Therefore, even weak devices that are working simultaneously on solving the same puzzle have a chance to find its solution which would enable Continue reading >>

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