Ethereum classic pool difficulty

Yesterday, November 6, a significant event took place on the Ethereum Classic network — the epoch came. What is the significance of this event? With the onset of the epoch, a number of problems were discovered that apply equally to both the Ethereum Classic network and the possible problems with the main mining coin — Ethereum. Most miners have fixed the problem of working with a DAG file larger than 4 GB, you just need to update and use the latest version. Otherwise, miners may either not work at all, or send incorrect shares to the pool, and your worker will most likely be banned by the pool.

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WATCH RELATED VIDEO: I Mined Ethereum Classic for 48hrs!

Ethereum Classic Mining Pool - HeroMiners

It's not easy being a small fish in a big pond, and right now there are very few big fish and thousands of small fish in the cryptocurrency pond. Ethereum Classic is Ethereum's less-popular forked version and a medium-large fish. It is one of the top 20 coins by market cap, but it's still not big enough to attract enough hashpower to avoid centralisation. Today, one Twitter user noticed that the Ethermine mining pool managed to gain majority control of the Ethereum Classic hashrate.

Source: Gastracker. It probably won't though because it risks losing miners from its pool and dropping below the requisite hashrate to pull it off. With so much that can go wrong and so little that can go right, Ethermine would have to be crazy to try. It's not a good look for Ethereum Classic though. Second, Ethereum Classic recently re-committed itself to a proof-of-work algorithm even as its more successful older brother, Ethereum , moves ahead with its plans to shift to proof of stake for the exact purpose of avoiding this kind of problem among others.

Watching its big brother move out of the mining algorithm might work in ETC's favour though. Right now, there are only two coins worth mentioning that live in the Ethash mining algorithm: Ethereum and Ethereum Classic. When Ethereum moves out, ETC will get a lot more space to itself and will probably get a lot more hashing power from all the miners that can no longer profitably mine Ethereum.

When that happens, it's likely that ETC hashing power will increase considerably and solve this problem. ETC just needs to survive until then and hope they don't suffer a last-minute attack.

But for now, Ethereum is still the clear favourite among miners. Even with the Ethereum difficulty increase , it's still getting a lot of hashing power because it's so much more profitable than Ethereum Classic and pays out in ETH rather than ETC. The core problem might be that proof of work in general is a bit rubbish and highly prone to centralisation.

Typically, there will only ever be one most-profitable mining pool, so once people realise which it is, the miners will all go join it. Evidencing this, Ethermine's proportion of the hashrate has actually grown since its majority stake of ETC was first spotted. Click here to cancel reply. Optional, only if you want us to follow up with you. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.

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Ethereum Classic (ETC) Suffers 3693-Block Reorg Following Another 51% Attack

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There are three requirements for any mining setup which are: Hardware requirements; Software requirements; Solo or mining pool decision. With.

Valid Points: The Fate of Ethereum Miners When There’s Nothing Left to Mine

Also, we take a look at what other asset types are popularly used on decentralized finance DeFi applications beyond ether ETH. Notably, the total dollar value of all crypto assets under management in DeFi apps remained steady over the same time period, which indicates a rise in other asset types such as stablecoins or governance tokens for DeFi collateral and liquidity. In particular, the number of tokenized bitcoin created on Ethereum has been on a steady rise since the start of this year. Total number of tokenized bitcoin on Ethereum. The Merge is one of two upcoming code changes on Ethereum that is expected to radically change network monetary policy and reward dynamics. It seeks to reduce the energy consumption of Ethereum by an estimated Last week , we discussed miners' perspectives on EIP While EIP is the more imminent upgrade slated for activation on the network early next month, its impact on miner revenue and profitability is minor in comparison with The Merge upgrade, according to Igor Stadnyk, the CEO of Ethereum mining pool Mineral.

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ethereum classic pool difficulty

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There are Uncle blocks in the Ethereum Classic network.

Mining pool

Toggle navigation etc. HeroMiners is your new home for Ethereum Classic Mining! Easy and profitable mining pool for Ethereum Classic coin. Stable Ethereum Classic pool with very low fees. Question: How can i do Ethereum Classic mining?

Ethereum Classic (ETC) price stats and information

This pool is being further developed to provide an easy to use pool for Ethereum Classic miners. This software is functional however an optimised release of the pool is expected soon. Testing and bug submissions are welcome! First install core-geth. Install nodejs.

Ethereum, Ethereum Classic, ZCash, Raven, Conflux, and Monero mining pool. the current difficulty, block reward, and exchange rate for particular coin.

How to Mine Ethereum Classic (ETC) 2021

Start mining. How to profit from greener bitcoin miners Mining bitcoin is not profitable for the average Bitcoiner. Recently BTG spiked hard putting it at the top of the mining profitability list.

Questions tagged [mining-pools]


In the context of cryptocurrency mining , a mining pool is the pooling of resources by miners, who share their processing power over a network, to split the reward equally, according to the amount of work they contributed to the probability of finding a block. Mining in pools began when the difficulty for mining increased to the point where it could take centuries for slower miners to generate a block. The solution to this problem was for miners to pool their resources so they could generate blocks more quickly and therefore receive a portion of the block reward on a consistent basis, rather than randomly once every few years. Share is the principal concept of the mining pool operation. Share is a potential block solution.

In this post we will give you everything you need to know about mining Ethereum Classic as a beginner. Although Ethereum Classic ETC is considered a relatively easy coin to mine, there are a number of things that you need to consider before you start your hashing for some ETC.

Ethereum (ETH) mining difficulty up until January 9, 2021

We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. To learn more or opt-out, read our Cookie Policy. On Saturday, the Coinbase security team noticed something troubling. Someone had made a deep reorganization in the distributed ledger for Ethereum Classic, a smaller spinoff from the Ethereum coin. The attackers had pulled off the cryptocurrency equivalent of writing a bad check. Coinbase told The Verge that no wallets controlled by the company or its customers were involved. Cryptocurrency wallets get hacked all the time, but this hack was different, striking at the blockchain itself.

Mining Ethereum Classic. ETC Mining Pool

In light of recent network attacks, it's recommended that all exchanges, mining pools, and other ETC service providers significantly raise confirmation times on all deposits and incoming transactions. The network saw a sharp and sudden influx of new computing power today, spiking the mining difficulty from around 56 to over 98 terahashes, data from mining-focused platform 2miners showed. Since blockchains usually strive to constantly retain the same time intervals between blocks 10 minutes in case of Bitcoin, for example , they automatically increase—or lower—the difficulty of discovering new blocks to match the current hashrate.

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