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Is It Worth Mining Ethereum Classic

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 >>

$200 A Day Mining Ethereum Or Etc?

$200 A Day Mining Ethereum Or Etc?

How do we start mining ETH or ETC with our own equipment at home today? Will you read this post because it shows how easy it is to get started mining with a small investment in equipment and the willingness to learn how to set everything up and explains what steps are needed to decide if investing in the time and equipment for mining? With the Ethereum price over $300 today and the Ethereum Classic price at $20, the opportunity to mine Ether is now extremely profitable! Even as Ethereum prepares to go to a Proof of Stake model at the end of 2017 or beginning of 2018 which will greatly reduce the possibility of making a profit mining, any mining rig built to mine Ethereum could easily be switched to start mining ETC or another coin after the switch with a huge potential to profit before! In this post or the matching video on YouTube below, see an introduction to what research and purchases are necessary to begin. While I thought mining any cryptocurrency was too technical for me, I now see getting started on a small scale is relatively straightforward with scaling up possible with confirmation the initial system is working. The GREAT NEWS is that making a very basic and functional mining computer system can be done for less than $1,000! Once we verify it works, the motivation will come to scale up the system into one that easily can produce $200+ a day in profit with current Ethereum and ETC prices as explained in the YouTube video from today below along with in more detail in text below that. In summary, using a new or used Windows or Linux machine to begin just for mining seems ideal because this will be the only need and function of the computer. For a few hundred dollars, buying a new machine to just do mining is the most basic starting point. Next, buying a small a Continue reading >>

Ethereum Classic (etc): A Darkhorse Hold For 2018?

Ethereum Classic (etc): A Darkhorse Hold For 2018?

Ethereum Classic (ETC): A Darkhorse Hold for 2018? Ethereum Classic (ETC) is going on a tear right now, as its up over 16 percent in value over the past 24 hours at press time, and the run looks like it still has steam. ETC is going on a run Image via CoinMarketCap Now, there are a ton of newcomers in the crypto space, many of them who have watched Ethereum (ETH) surge the past few days with awe. But that awe gives way to confusion quickly: what is ETC and what separates it from ETH? After you understand some of the nuances of the contrasts, then youll have to decide for yourself whether you think Ethereum or Ethereum Classic would be a better hold for 2018. Or, of course, you can always hold both. Well walk you through some speculative considerations that might help you make up in your own mind going into this new year. Ethereum Classic bills itself as the censorship-resistant, original Ethereum. The ETC community disagreed with the Ethereum developers decision a few years ago to fork Ethereum to return funds to the investors who lost their money in the infamous DAO hack, and ETH and ETC have gone in different directions ever since. Accordingly, the ETC community is against central planning. Sort of like how Bitcoin Cash (BCH) fans bill their community as the censorship-resistant brand of Bitcoin (BTC). And that kind of marketing is particularly attractive to the many libertarian-minded individuals in the cryptocurrency space. So, in a purely speculative way, Ethereum Classic can be a way to hedge your bet against Ethereum. Say you hold some Bitcoin and Bitcoin Cash in your portfolio, and may the best coin win. Youve got your bases covered because you hold some of both. So if you take the same mindset to Ethereum, you have a few options. Alongside your ETH, you could Continue reading >>

Ethereum Classic Vs Ethereum: A Step-by-step Guide | Finder.com

Ethereum Classic Vs Ethereum: A Step-by-step Guide | Finder.com

Born out of a hack and a philosophical disagreement in the Ethereum community, Ethereum Classic has become one of the top cryptocurrencies on the market. Starting life as Ethereum, Ethereum Classic (and its value token, ETC) is the result of a long debate over how cryptocurrencies should handle disagreements within the community and data hacks. That does not mean its in any way a lesser entity than Ethereum. On the contrary, the community behind Ethereum Classic aims to make Ethereum Classic the best cryptocurrency on the market. Ethereum Classic is an open-source, peer-to-peer, computing platform based on blockchain technology and the original Ethereum code. Just like Ethereum, it provides a value token, or altcoin, called classic ether which is used to pay users for products and services, and as a transaction fee when using decentralized apps and smart contracts. The story behind The DAO attack and subsequent hard fork decentralized autonomous organizationbuilt on the Ethereum platform. It was meant to allow users to invest in the development of decentralized apps to run on the Ethereum blockchain. By May 2016, The DAO had accumulated over $150 million, and was ready to begin its operations. Then a paper was released detailing a security flaw in the DAO architecture. Developers of The DAO ignored the concerns raised and moved forward with their operations. In June 2016, The DAO was hacked using the same security flaws outlined in the paper and approximately $50 million were stolen. This hack and the debate that followed it caused a schism in the Ethereum community. On one hand, Ethereum developers could revert the hack back, returning all Ether coins to their respective owners. On the other hand, the very core philosophy of cryptocurrency is that the transactions can Continue reading >>

Ethereum Classic (etc) Growing Against All Odds

Ethereum Classic (etc) Growing Against All Odds

Ethereum Classic (ETC) Growing Against all Odds Ethereum Classic (ETC) Growing Against all Odds When Bitcoin loses value, it is an excellent time for altcoins to improve their BTC ratio. Unfortunately, that doesnt appear to be happening all that much right now, other than where theEthereum Classic priceis concerned. Unlike all other currencies, the Ethereum Classic price is still in the green over the past 24 hours. Cryptocurrency markets are still pretty unstable. While things looked to be in a good place, this past morning has resulted in a lot of losses again. All major cryptocurrencies are down between three to seven percent. One exception is ETC, as the Ethereum Classic which price is still up and growing against all odds. With most of the ETC trading volume originate from OKex, Upbit and Bithumb are also in the top three. Nowadays a lot of people are looking to diversify their Bitcoin holdings. The way things look right now, there is a lot more upswing potential for altcoins compared to Bitcoin, even though all markets are intrinsically linked to the worlds leading cryptocurrency first and foremost. Ethereum Classic is the original Ethereum blockchain and allows for the implementation of decentralized applications and smart contracts. The project was born out of an unwavering belief in core principles. It symbolizes the importance of a cryptocurrency being fungible and its blockchain immutable. Ethereum Classic continued the original blockchain and split from Ethereum in July 2016. It was predicted that theoriginal chain would simply disappearafter the fork, but mining and trading continued. Eventually, Poloniex listed ETC and the price reached one-third of ETHs. After bitter attacks in the various Ethereum subreddits, ETC made a Declaration of Independence sayin Continue reading >>

Mining Eth Or Etc

Mining Eth Or Etc

What is difference between ETH and ETC. As ethereum runs of Ethash srypt. So on which scrypt ETC runs ? Or both are same coins with different names. As well what is price rate for exchange ? What is difference between ETH and ETC. As ethereum runs of Ethash srypt. So on which scrypt ETC runs ? Or both are same coins with different names. As well what is price rate for exchange ? Ethereum Classic is the original unforked Ethereum coin . The price on Poloniex currently is 0.00091692 in other post i see etc growing up next month. in other post i see etc growing up next month. Do you PoW to PoS? The Ethereum will go grom PoW to PoW some time next year, but it is not definite yet. in other post i see etc growing up next month. Do you PoW to PoS? The Ethereum will go grom PoW to PoW some time next year, but it is not definite yet. if ethereum down this moon i go try etc. mybe etc can growing up next month classic is more profitable on average, but it may be dumped faster than ET They are the same coin, you can mine both at nano. It is a bit sketchy to mine ETC at the moment because to price rises and hash rates climb up then price falls and hash does, then the cycle repeats. I would just mine ETH since it is more stable and you wont end up with a coin not worth much of anything if the price bottoms out for a substantial amount of time. I wonder if the hacker that manages to release his now etc coins in the next few days burns his coins in a burn address will the majority of miners jump back onto etc or will they continue to mine on the new fork? I might just swap my miner over to etc just to see what happens with it. Quote from: Tmdz on July 26, 2016, 06:08:42 AM They are the same coin, you can mine both at nano. It is a bit sketchy to mine ETC at the moment because to price Continue reading >>

Why Ethereum Classic Matters In 2018

Why Ethereum Classic Matters In 2018

Despite its low price, Ethereum Classic remains an important digital asset with a strong community. Ethereum Classic remains underpriced compared to the leading ETH asset, which has flown above $1,000. But ETC may still matter in 2018, both as a platform and a source of mining revenues. Right now, ETC does not look too good: its price has not recovered against Bitcoin, despite the nominal gains in dollar value. But there may be hidden upward potential in this coin, and perspectives for long-term growth. The fate of ETC in 2018 is contained in the recently released roadmap, featuring updates and the philosophy for the coin. The ETC project counts the building of a larger team as one of the milestones achieved in 2017: "The main accomplishment was that the team was established, that was a very challenging task, with very limited funding, under constant pressure from all sides and toxic environment, but by end of the year we grew up to 8 full time members in the ETCDEV team. The team got established development processes, working full time on core ETC projects, and will continue to grow." The ETC project has diffused the "difficulty time bomb" that it inherited from the Ethereum codebase. The blockchain, which contains the unaltered history of losses from the DAO hack, is taking on a different path, with an alternative policy of new coin creation. Ethereum Classic (@eth_classic) January 9, 2018 For 2018, the Ethereum Classic project has the main objective of scaling through side chains. Even at the moment, ETC is not as loaded by transactions as the Ethereum network. However, building a scaling solution in advance may be a benefit to the project. The other major area of development is an attempt to connect Ethereum Classic to the Internet of Things. The capability of work Continue reading >>

Ethereum Classic News

Ethereum Classic News

Ethereum Classic is one of two separate versions of Ethereum's Blockchain, the other being Ethereum itself. The split occurred after The DAO, a decentralized autonomous organization based on Ethereum, got hacked in June 2016, and $50 million worth of its funds were stolen. Because The DAO was crowdfunded, this event has resulted in a large number of people losing their stakes. After several weeks of heated debate, the community has decided to conduct a "hard fork" of Ethereum's Blockchain in order to "code" the stolen money back to its owners. In order to perform the hard fork, the majority of the users had to simultaneously take all the transaction records prior to the point of the hacking, and start anew from there, while discarding all transactions which have happened after that, including the hackers'. That doesn't mean that anything has happened to the previous version of the Blockchain - on the contrary, the hardfork resulted in two versions existing simultaneously: Ethereum, which is the new one, and the old one, which was renamed Ethereum Classic. Continue reading >>

Is Ethereum Classic (etc) A Good Investment?

Is Ethereum Classic (etc) A Good Investment?

Is Ethereum Classic (ETC) a Good Investment? Ethereum classic has emerged as one of the most popular altcoins since its big brother ether executed a hard fork on the blockchain after the DAO hack in July 2016 . During a little under a year of its existence, ethereum classic, which carries the ticker ETC, has managed to rally from under $1 to over $20 and has positioned itself within the top five largest cryptocurrencies in the market. You cannot talk about Ethereum Classic without talking about Ethereum first. Ethereum is a public open-source blockchain network that allows for the creation of smart contracts and decentralized apps (DApps). It was first proposed in 2013 by its founder Vitalik Buterin and went live in July 2015 after a successful ether token sale in July/August 2014. Ethereums digital token ether (ETH) has emerged as the second most popular cryptocurrency after bitcoin with a market capitalization of over $35 billion. The price of ether stands $370 at the time of writing, which also makes it the fourth most valuable cryptocurrency after bitcoin, Zcash, and Byteball . The Hard Fork That Created Ethereum Classic In April 2016, the Decentralized Autonomous Organization (DAO) was launched to act as a decentralized venture capital fund for cryptocurrency projects. It was built as a complex smart contract on the Ethereum blockchain and was meant to allow investors to vote on proposed projects that would then receive funding through the DAO. During its 28-day crowdfunding campaign, the DAO managed to raise $168 million dollars worth of ether and became the most successful cryptocurrency crowdsale to this day. However, there was a vulnerability in the DAO smart contract, which allowed a hacker to steal a substantial amount of the DAOs ether holdings on June 18, Continue reading >>

Ethereum Classic | Beginners Guide

Ethereum Classic | Beginners Guide

Ethereum Classic is the original Ethereum blockchain and allows for the implementation of decentralized applications and smart contracts. The project was born out of an unwavering belief in core principles. It symbolizes the importance of a cryptocurrency being fungible and its blockchain immutable. The Ethereum and Ethereum Classic blockchains were identical all the way up to block 1920000. But then the infamous DAO changed a blockchain and cryptocurrency forever. A smart contract known as The DAO, the Decentralized Autonomous Organization was created on the Ethereum platform. The DAO was essentially a venture capital fund where investors would vote on how to allocate capital. The fund was so popular that it attracted roughly 14% of all Ether in existence at the time, raising 150 million dollars. The advantage and disadvantage of a smart contract is the autonomous execution. In this case, the smart contract had a design flaw that allowed someone to steal over 3.6 million Ether from The DAO. Vitalik Buterin, creator of Ethereum, and the majority of the community wanted to perform a hard fork that would roll the blockchain back to block 1920000 to before the hack so that funds could be returned. You can read more about the controversy and the decision to hard fork Ethereum here . After the hard fork to return peoples funds, the original Ethereum blockchain remained and is now known as Ethereum Classic or ETC. The community that continued to mine and support the original blockchain believe there should be no outside influence on what was supposed to be an immutable blockchain. Ethereum Classic has since blazed its own trail in the cryptocurrency world. In the long run, the Ethereum Classic community hopes there is value in taking the principled approach that code is law. 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 >>

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 >>

6 Ethereum Classic Mining Pools Worth Checking Out

6 Ethereum Classic Mining Pools Worth Checking Out

6 Ethereum Classic Mining Pools Worth Checking Out 6 Ethereum Classic Mining Pools Worth Checking Out One thing many seem to forget is that Ethereum no longer has an immutable blockchain, which is kind of the whole point of the blockchain. When the Ethereum network split into ETH and ETC, Ethereum itself became amutable fork of the original blockchain, whereas Ethereum Classic is still the original chain as it was created many years ago. A lot of people have taken a liking to Ethereum Classic lately, and they are looking for good mining pools. Below are some of the options certainly worth checking out. The Coin-Miners Ethereum Classic mining pool operates on the PPLNS scheme. They base payouts on the pay-per-last-1000-shares scheme, which means users will be compensated fairly for their contributions. It does appear this pool struggles to gain traction among miners, though, as it has no active online miners according to the site statistics. This makes it ideal for new users to start mining here and help decentralize ETC mining in the process. If there is one mining pool nearly all cryptocurrency enthusiasts are familiar with, it isSuprnova. The mining pool has always supported popular cryptocurrencies, and Ethereum Classic is no exception. Unfortunately, the pool shows no hashrate for ETC mining right now. Even so, it is certainly a mining pool worth checking out by new ETC users, sinceSuprnova has a solid reputation in the cryptocurrency community. MinerGate has quickly become a household name forcryptocurrency miners. The pool also supports Ethereum Classic, among other popular cryptocurrencies. In fact, their ETC pool is currently hashing away at around 8GH/s, and rewards miners based on the PPLNS scheme. This is quite common among mining pools these days. Consideri Continue reading >>

3 Reasons Why Ethereum Classic (etc) Will Be The Next Big Coin

3 Reasons Why Ethereum Classic (etc) Will Be The Next Big Coin

in cryptocurrency 3 years ago (edited) 3 Reasons Why Ethereum Classic (ETC) Will Be The Next Big Coin Poloniex.com opened trading for Ethereum Classic (ETC) tonight and the crypto world is in a frenzy. People are panicking to buy, sell and figure out what the hell Ethereum Classic even is. Unless you live in a cave, you should know by now Ethereum recently went through a hard fork and it has the Ethereum community split in half. The end voting process was to move forward with the hard fork but like most elections even when 51% of the community agrees on a position that leaves 49% in distraught. As a result Ethereum Classic has been born which is what some would call a "pure" form of Ethereum (the non-forked version) while others would simply call it a scam. I'm under the belief that Ethereum Classic will be the next big coin and here are 3 quick reasons why. The following article is the expressed opinions of only myself and should not be taken as investment advice. At the time of writing this article the author (myself) holds a long position in mentioned Ethereum Classic (ETC) and holds no other interest in any of the other coins shown or mentioned. Please invest at your own risk and PLEASE do your research prior to making any investment decisions. #1. Almost half the community was against hard forking the coin. "Big banks! Centralized! Everything you stood against." These were some of the words thrown around by those oppose the fork, which truthfully felt like almost half the community. As a result the hard fork left many investors, miners, and supporters of Ethereum feeling salty. Ethereum Classic now provides an alternative voice for those who still feel the community made the wrong decision and again remember - that was almost half the community. One of the best ca Continue reading >>

What Is Ethereum Classic? Ethereum Vs Ethereum Classic

What Is Ethereum Classic? Ethereum Vs Ethereum Classic

What is Ethereum Classic? Ethereum vs Ethereum Classic Angel Investors, Startups & Blockchain developers... If you have been involved with cryptocurrency , then there is no way that you dont have an opinion on this. The battle between Ethereum and Ethereum Classic is both an ethical and ideological one. Before we start explaining the basic difference between the two and drawing our own conclusions, it is important for us to know a little bit of history. A lot of things needed to happen for us to arrive in this conjecture. So, lets dial back the clocks and check out some of the most critical points in not just Ethereum history, but cryptocurrency in general. The entire ecosystem of Ethereum works on the basis of smart contracts. For the uninitiated, smart contracts are basically how things get done in the Ethereum eco-system. To put it in layman terms, smart contracts are automated contracts that enforce and facilitate the terms of the contract itself. The DAO aka the Decentralized Autonomous Organization was a complex smart contract which was going to revolutionize Ethereum forever. It was basically going to be a decentralized venture capital fund which was going to fund all future DAPPS made in the eco-system. The way it worked was pretty straightforward. If you wanted to have any say in the direction DAPPS that would get funded, then you would have to buy DAO Tokens for a certain amount of Ether. The DAO tokens were indicators that you are now officially part of the DAO system. So, how were DAPPS going to get approved and built? Well, firstly they need to get whitelisted by the curators, who have basically known figureheads in the Ethereum world. After getting their stamp of approval, they will get voted on by the DAO token holders. If the proposal gets a 20% approva Continue reading >>

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