ETC Hashrate climbing steadily

[Coryvmcs1]

Been getting a lot of support on our pool and think it's important for the community to truly decide the fate of ethereum. It looks like more and more hashrate is being applied to ETC and dropping from ETH.

If you support the true Ethereum come hash with us and spread the love.

http://etc.altpool.net

0 Fees and payouts every hour to keep the TX's down.

7+ GH and climbing with regular block findings.

[bbc.reporter]

This is good for the supporters of the original Ethereum classic. You have ETC trading at different major exchanges now with Poloniex and soon to follow Kraken and Bitfinex. What is left is a few questions. Who will take over the development of Ethereum classic? Who will fix the network to avoid future attacks and how? Is there a plan to look for the attacker?

[NorrisK]

Why do you think the hashrate is increasing? The profibility is higher.

The majority of miners don't have any ethics and don't care if eth or etc wins. They care which one fills their bags faster. As long as the ETC price is high, miners will switch to ETC.

If price starts dropping, profibility will lower and people will switch back again. It is not a matter of which coin the miners support. And if they did, the clusterfuck is even bigger than before: "Hey let's hardfork to protect our coins" --> ETC price rises --> "Hey let's forget about the fork and continue on the old chain for a while, as long as the hackers doesn't dump, I can make a bit more mining this".

[ImHash]

So the hacked eth still exist? then what did they fork? it's a bit confusing if you are not an expert in crypto and I can say one of the reasons why people are not getting in to it is because of these kind of complications.

[bbc.reporter]

Why do you think the hashrate is increasing? The profibility is higher.

The majority of miners don't have any ethics and don't care if eth or etc wins. They care which one fills their bags faster. As long as the ETC price is high, miners will switch to ETC.

If price starts dropping, profibility will lower and people will switch back again. It is not a matter of which coin the miners support. And if they did, the clusterfuck is even bigger than before: "Hey let's hardfork to protect our coins" --> ETC price rises --> "Hey let's forget about the fork and continue on the old chain for a while, as long as the hackers doesn't dump, I can make a bit more mining this".

Yes that is called economic consensus. This is the real consensus because everyone is looking out for themselves and when that is satisfied which ever chain wins will benefit. So it was wise for the exchanges to list the original Ethereum classic. They gave us, the whole community a voice by acting thru trading on what you think is good for yourself, and then what is good for the group will follow in your collective actions. Vitalik wanted a hard fork then Vitalik got a hard fork.

[bbc.reporter]

So the hacked eth still exist? then what did they fork? it's a bit confusing if you are not an expert in crypto and I can say one of the reasons why people are not getting in to it is because of these kind of complications.

Yes in your point of view nothing was solved. The hacker can trade ETC to ETH in Poloniex by using the ETC/ETH market. He can transfer back to the Ethereum fork and troll Vitalik once again. It was a very sloppy hard fork they did.

[Siskaver]

Why do you think the hashrate is increasing? The profibility is higher.

The majority of miners don't have any ethics and don't care if eth or etc wins. They care which one fills their bags faster. As long as the ETC price is high, miners will switch to ETC.

If price starts dropping, profibility will lower and people will switch back again. It is not a matter of which coin the miners support. And if they did, the clusterfuck is even bigger than before: "Hey let's hardfork to protect our coins" --> ETC price rises --> "Hey let's forget about the fork and continue on the old chain for a while, as long as the hackers doesn't dump, I can make a bit more mining this".

That is right. When the ETC price is 10% of the current value, the hash rate will also be 10% of the current value.

[bbc.reporter]

Why do you think the hashrate is increasing? The profibility is higher.

The majority of miners don't have any ethics and don't care if eth or etc wins. They care which one fills their bags faster. As long as the ETC price is high, miners will switch to ETC.

If price starts dropping, profibility will lower and people will switch back again. It is not a matter of which coin the miners support. And if they did, the clusterfuck is even bigger than before: "Hey let's hardfork to protect our coins" --> ETC price rises --> "Hey let's forget about the fork and continue on the old chain for a while, as long as the hackers doesn't dump, I can make a bit more mining this".

That is right. When the ETC price is 10% of the current value, the hash rate will also be 10% of the current value.

But what if ETC reaches ETH's price? Will it get all of ETH's hash rate? Vitalik should not underestimate the movement coming in the original Ethereum classic. The are not motivated by profit but are also motivated by doing what is right despite knowing there is a hacker who holds a lot of coins ready to dump. This is also Vitalik's fault for handling the hard fork sloppily.

[Coryvmcs1]

Isn't etc forked before the Dao was issued ? If so then wouldn't the hackers tokens not exist in the ETC chain?

[Siskaver]

Why do you think the hashrate is increasing? The profibility is higher.

The majority of miners don't have any ethics and don't care if eth or etc wins. They care which one fills their bags faster. As long as the ETC price is high, miners will switch to ETC.

If price starts dropping, profibility will lower and people will switch back again. It is not a matter of which coin the miners support. And if they did, the clusterfuck is even bigger than before: "Hey let's hardfork to protect our coins" --> ETC price rises --> "Hey let's forget about the fork and continue on the old chain for a while, as long as the hackers doesn't dump, I can make a bit more mining this".

That is right. When the ETC price is 10% of the current value, the hash rate will also be 10% of the current value.

But what if ETC reaches ETH's price? Will it get all of ETH's hash rate? Vitalik should not underestimate the movement coming in the original Ethereum classic. The are not motivated by profit but are also motivated by doing what is right despite knowing there is a hacker who holds a lot of coins ready to dump. This is also Vitalik's fault for handling the hard fork sloppily.

If the ETC reaches the ETH price, the hash rate will also be the same. But I think the dump by the hackers will make sure the price does not rise.

[manselr]

Why do you think the hashrate is increasing? The profibility is higher.

The majority of miners don't have any ethics and don't care if eth or etc wins. They care which one fills their bags faster. As long as the ETC price is high, miners will switch to ETC.

If price starts dropping, profibility will lower and people will switch back again. It is not a matter of which coin the miners support. And if they did, the clusterfuck is even bigger than before: "Hey let's hardfork to protect our coins" --> ETC price rises --> "Hey let's forget about the fork and continue on the old chain for a while, as long as the hackers doesn't dump, I can make a bit more mining this".

That is right. When the ETC price is 10% of the current value, the hash rate will also be 10% of the current value.

But what if ETC reaches ETH's price? Will it get all of ETH's hash rate? Vitalik should not underestimate the movement coming in the original Ethereum classic. The are not motivated by profit but are also motivated by doing what is right despite knowing there is a hacker who holds a lot of coins ready to dump. This is also Vitalik's fault for handling the hard fork sloppily.

If the ETC reaches the ETH price, the hash rate will also be the same. But I think the dump by the hackers will make sure the price does not rise.

Why in the fuck do people keep selling that the hacker will dump? if he dumps the exchanges will report him to the feds because they will trace his transactions through the blockchain and it will be too obvious he is the whale hacker so he will sell in small doses. Hacker fear = mindless fud.

[Coryvmcs1]

Why do you think the hashrate is increasing? The profibility is higher.

The majority of miners don't have any ethics and don't care if eth or etc wins. They care which one fills their bags faster. As long as the ETC price is high, miners will switch to ETC.

If price starts dropping, profibility will lower and people will switch back again. It is not a matter of which coin the miners support. And if they did, the clusterfuck is even bigger than before: "Hey let's hardfork to protect our coins" --> ETC price rises --> "Hey let's forget about the fork and continue on the old chain for a while, as long as the hackers doesn't dump, I can make a bit more mining this".

That is right. When the ETC price is 10% of the current value, the hash rate will also be 10% of the current value.

But what if ETC reaches ETH's price? Will it get all of ETH's hash rate? Vitalik should not underestimate the movement coming in the original Ethereum classic. The are not motivated by profit but are also motivated by doing what is right despite knowing there is a hacker who holds a lot of coins ready to dump. This is also Vitalik's fault for handling the hard fork sloppily.

If the ETC reaches the ETH price, the hash rate will also be the same. But I think the dump by the hackers will make sure the price does not rise.

Why in the fuck do people keep selling that the hacker will dump? if he dumps the exchanges will report him to the feds because they will trace his transactions through the blockchain and it will be too obvious he is the whale hacker so he will sell in small doses. Hacker fear = mindless fud.

AGREED. In the mean time come join me at etc.altpool.net and mine some more.

[Minecache]

Hash rate now in total collapse.

http://fork.ethstats.net

[dumpida]

Hash rate now in total collapse.

http://fork.ethstats.net

I saw the hash rate is 15% of the ETH hash rate. The price is also 15%. It seems the miners are mining for profit only.

[StinkyLover]

ETC is on it's way down to fight with EXP (it's brother clone). Before it gets there it will lose a big fight with Dash, then Monero. Doge will also bite it's fat bum before Waves washes it out to sea.

Strong hands will still be strong but they'll be strong hands holding onto the door handle while debt collectors are trying to pull it open.

I've seen it all before with Maxcoin. A criminal coin with many believers who were turned into solid state bagholders. Till today they still believe it will rise again. Poor goats.

[European Central Bank]

is the etc party over? I think the initial euphoria's long gone. now they'll have to come up with some product and a reason why people should give it some attention.

[bbc.reporter]

Yes. The hype is over I'm afraid. It would be good for ETC to have a road map now and a plan on how to make the platform grow and organize a development team. It is showing that as of now there is nothing really behind ETC except the hype it had at the beginning. Let us hope that a group of sincere developers will pick it up in the future. It cannot thrive on its own.

[Amph]

Hash rate now in total collapse.

http://fork.ethstats.net

I saw the hash rate is 15% of the ETH hash rate. The price is also 15%. It seems the miners are mining for profit only.

there is a nother reason for them to mine, everyone know that the hashrate follow the price not the opposite

it was 700+ giga because etc was pumped to a great level

[Siskaver]

Hash rate now in total collapse.

http://fork.ethstats.net

I saw the hash rate is 15% of the ETH hash rate. The price is also 15%. It seems the miners are mining for profit only.

there is a nother reason for them to mine, everyone know that the hashrate follow the price not the opposite

it was 700+ giga because etc was pumped to a great level

The ETH price has not risen at all over the last few weeks. But the hash rate has increased 20% in the last few weeks.

[oblivi]

Will go up again, it bottomed at near 0.0020, now we are at 0.0025, it will keep climbing at this rate, its looking healthy.