ETC mining

[MidNite36]

The value of Ethereum Classic is growing right now this is what makes me think about mining Ethereum Classic today, maybe after some weeks the price will get even better, this will bring better profit to miners don't you think?

[smilodon]

its price will continue to rise as long as ethereum is in pow algo. as soon as the ethereum goes to pos, the ethereum classic will receive a big hashrate in its network compared to before, its price will later either remain at the same levels or it will fall as they would sell it for profit. now if miners behave like ethereum by keeping it in their wallets, that would be a positive development.

[Salamande]

its price will continue to rise as long as ethereum is in pow algo. as soon as the ethereum goes to pos, the ethereum classic will receive a big hashrate in its network compared to before, its price will later either remain at the same levels or it will fall as they would sell it for profit. now if miners behave like ethereum by keeping it in their wallets, that would be a positive development.

There will not more ETC to be dumped if hashrate goes to ETC this is nonsense. Miners will receive less, so less profitable at same price thats all.

[BitKongy]

its price will continue to rise as long as ethereum is in pow algo. as soon as the ethereum goes to pos, the ethereum classic will receive a big hashrate in its network compared to before, its price will later either remain at the same levels or it will fall as they would sell it for profit. now if miners behave like ethereum by keeping it in their wallets, that would be a positive development.

There will not more ETC to be dumped if hash rate goes to ETC this is nonsense. Miners will receive less, so less profitable at the same price that's all.

As if ETC is the only coin that miners can switch to, we have Flux and Ergo too, about ETC if its price surge even more high difficulty won't be able to take over ETC, assuming ETC made it to 200$ what do you think will happen?

[smilodon]

its price will continue to rise as long as ethereum is in pow algo. as soon as the ethereum goes to pos, the ethereum classic will receive a big hashrate in its network compared to before, its price will later either remain at the same levels or it will fall as they would sell it for profit. now if miners behave like ethereum by keeping it in their wallets, that would be a positive development.

There will not more ETC to be dumped if hash rate goes to ETC this is nonsense. Miners will receive less, so less profitable at the same price that's all.

As if ETC is the only coin that miners can switch to, we have Flux and Ergo too, about ETC if its price surge even more high difficulty won't be able to take over ETC, assuming ETC made it to 200$ what do you think will happen?

etc is older and better known to older miners. they have a large hashrate. I also mine the ergo with my own mining operating system and it really is quite efficient. I have not dealt with flux at the moment.

[Bitcoin_Arena]

its price will continue to rise as long as ethereum is in pow algo. as soon as the ethereum goes to pos, the ethereum classic will receive a big hashrate in its network compared to before, its price will later either remain at the same levels or it will fall as they would sell it for profit. now if miners behave like ethereum by keeping it in their wallets, that would be a positive development.

Can you please elaborate who a spike in the hash rate of a coin directly affects its market price? The notion that when miner sell their coins leads to a price drop does not make sense.
1. Do miners hold a huge supply of coins to crash the coin's market?
2. Miners sell coins whenever they feel like, why is it having Bitcoin on Ethereum have been attaining new all-time highs every couple of years despite new all time highs in hastrates too?

[FP91G]

Zilliqa sets new records. I sold it for almost 10 cents, which I have been mining for the last six months, but Ethereum Classic did not have time to sell. I will probably prefer Ethereum mining, because it will end soon, and I will always have time to mine Ethereum Classic.

[S3300]

Zilliqa sets new records. I sold it for almost 10 cents, which I have been mining for the last six months, but Ethereum Classic did not have time to sell. I will probably prefer Ethereum mining, because it will end soon, and I will always have time to mine Ethereum Classic.

How can you be mining a coin that's not even in the top 3 list of the most profitable coin to mine? How do you know that ZIL will pump this much today? You could have earned more ZIL if you mine ETH for that six months and swap those ETH for ZIL, @FP91G you owe me some explanations.

[FP91G]

The legends are leaving us

Attention: etc.ethermine.org/ will shut down on the 1st of July (01.07.2023). Please finalize your mining activities by then!
Consider staking on ethpool for an environmental-friendly alternative!
https://etc.ethermine.org/

ETHERMINE IS SHUTTING DOWN JULY 1st 2023. Probably best to move off by then to another Ethereum Classic pool if you are on there.
https://www.youtube.com/channel/UCAGsnTCpw7pvhR4RAlEQGzg/community?lb=UgkxWVkyFESDIKQBhkXAtQSafkffLzch-TMF

[deedeeranged]

The legends are leaving us

Attention: etc.ethermine.org/ will shut down on the 1st of July (01.07.2023). Please finalize your mining activities by then!
Consider staking on ethpool for an environmental-friendly alternative!
https://etc.ethermine.org/

ETHERMINE IS SHUTTING DOWN JULY 1st 2023. Probably best to move off by then to another Ethereum Classic pool if you are on there.
https://www.youtube.com/channel/UCAGsnTCpw7pvhR4RAlEQGzg/community?lb=UgkxWVkyFESDIKQBhkXAtQSafkffLzch-TMF

It is not only etc.ethermine.org closing down also ergo.flypool.org, ravencoin.flypool.org.
The only one left is ethpool.org but that is only for staking eth.

So it is definitely the end of ethermine.org and flypool.org

[safar1980]

Bitmain 🤝 Ethereum Classic

EGD (ETC Grants DAO) is a non-profit autonomous organization composed of Ethereum Classic (ETC) enthusiasts, supporters, and developers. EGD is committed to promoting the growth of the ETC ecosystem and ensuring its long-term development.
Our Mission

To ignite a revolution within the Ethereum Classic ecosystem by empowering projects that embody innovation, resilience, and growth. Together with the global ETC community, we strive to position ETC as the leading blockchain for smart contracts, celebrated for its unparalleled security, decentralization, and censorship resistance.
Our short-term mission:
Drive the value of 10 ETC = 1 ETH, demonstrating the untapped potential of Ethereum Classic as both a financial and technological powerhouse.

Our Vision

To transform Ethereum Classic into a beacon of decentralization and trust in the blockchain world.
As Ethereum shifts to Proof of Stake, ETC remains steadfast as the premier Proof of Work blockchain, delivering superior security, unmatched decentralization, and unyielding censorship resistance.
We envision ETC as the world's secure and immutable decentralized computer, driving the Web3.0 era and beyond, empowering communities, and reshaping industries globally.

[JeromeTash]

-snip-

I don't know what to make of this. Are you trying to give an update regarding ETC Grants DAO under a thread where someone is seeking for opinions about the profitability of ETC mining?

I think this deserves a separate thread of it's own.

Are you part of the EGD team?

[FP91G]

I don't know what to make of this.

I guess I should go buy some ETC Just kidding.

Bitmain wants to sell more of its ASICs, but the profit margins for ETC mining are so low that these ASICs are unpopular. Although other coins can be mined using this algorithm, they are also suitable for mining.
This is a commercial project and there is no place for miners using video cards.