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Author Topic: What are your thoughts on Ethereum Classic (ETC) with the upcoming ETH merge?  (Read 198 times)
serjent05
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August 21, 2022, 09:39:26 PM
 #21

It seems like a low price and low development. But with the merger, the ETH miners are going to move to ETC. This will give it more hashpower and protect it from double spend 51% attacks that have happened in the past. It's an interesting token for me and could be a fertile playground for the next bull market or a dumpster fire like BCH. I am curious what others think of Ethereum Classic. I don't hear it talked about much, anymore.
Better than new fork like ethpow once it will be happened. In my opinion that if ethereum doens't need new fork coin. ETC is far better to be an alternative coin to be mined by miners. New fork coin will be only giving very bad image to the crypto which always issuing the scam coin.
I think that so many miners have been starting migrate to the ETC. ETC will be secure blockchain if there would be so many miners are coming to this blockchain.

Same here, I also think that ETH miners don't have to fork ETH when it shifts to POS.  The only thing that came in my mind when they fork ETH is nothing but another money grab since it is free money for ETH holders.  Why fork when they can just redirect their hashing power to ETC.  But I bet if ever a fork is created during the transition, many will still fall for it and happily spend their money to buy those forked tokens.

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August 22, 2022, 07:30:44 AM
 #22

Same here, I also think that ETH miners don't have to fork ETH when it shifts to POS.
Not ETH Miners but others could fork.

The only thing that came in my mind when they fork ETH is nothing but another money grab since it is free money for ETH holders. 
If someone forks it with SHA-256 via merged mining, there are no additional costs for Bitcoin miners. I'm surprised that someone hasn't already done it. And that may be why no one will do it in future.
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August 22, 2022, 10:34:07 AM
 #23

Ethermine has already made an official statement that after the merger, "will shut down all Ethereum startum servers" - https://ethermine.org/announcement In addition, it will not offer "a dedicated mining pool for any of the planned PoW fork".

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August 22, 2022, 11:15:41 AM
 #24

Ethermine has already made an official statement that after the merger, "will shut down all Ethereum startum servers" - https://ethermine.org/announcement In addition, it will not offer "a dedicated mining pool for any of the planned PoW fork".
I think one fork is very possible but Ethermine simply does a right thing at the moment.

They don't want to shed a signal that they will support forks of Ethereum from The Merge event. I think in future, if there are forks after The Merge, they will support it. It is not harmful when all things are done and they can support forks and fork miners to get income.

When they support forks, there will be new stratum servers for forks.

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August 30, 2022, 02:14:32 AM
 #25

ever since Ethereum announced the Ethereum Merge, Ethereum Classic is really very bullish,
I think the hype for mineable coins will be huge if you see Ethereum classic have performing well in this bear market,
and rumors are indeed Ethereum miners moving to Ethereum classic , because we know that Ethereum will switch to POS

I am mining $ETC and am bullish on it long-term. When you look at coins like DOGE overtaking LTC, the former merge mining upon the latter, it seems those that are right under our noses go up. When you look at the token economy, I think 2-layer solutions like MATIC may provide relief at the margins but it is complex. Ethereum Classic is the second best EVM (Ethereum Virtual Machine) in my opinion. And it may become the first best if the PoS fails Cheesy Cheesy Cheesy. [Remembering the number of Ethereum I had on Coinbase when Tone Vays convinced me it was a scam. Roll Eyes]

In any case, there will be more miners moving over to $ETC in time as the DAG grows to 5 MB. That protects against the one negative I had on ETC, 51% attacked that occured. DOGE took care of their 51% by merge mining with Litecoin. Ethereum devs may have actually helped the original, immutable, chain survive with their upgrades. I may buy if it hits the $7-22 range. Will is 10x??  Ain't that always the question?

I agree that minable coins will be more favorable long-term because with things like Polygon (MATIC), you get warnings that your coins are unregistered. WTF?  People know Ethereum Classic. It's a solid performer ... like bass player from Nirvana: steady and reliable. It has long-term value. It's here to stay.

Though ... now, there may not be an ETH merge, again.

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August 30, 2022, 03:12:18 AM
 #26

Ethereum Classic (ETC) has actually benefited a lot from the hype that was caused by the upcoming Ethereum (ETH) merge. Just lately, Ethereum Classic (ETC) has rallied more than 100%. There was nothing too special about ETC at that time. The rally was mainly influenced by Ethereum's development.

The coming merge will definitely have a lot of ETH miners moving to another network to mine, if only to continue make use of their equipment. Ethereum Classic (ETC) should be the topmost option. Rather than create a new Ethereum Proof Of Work (ETHW or ETHPoW) fork, Ethereum Classic (ETC) should be the choice.
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August 30, 2022, 06:15:52 AM
 #27

Ethereum Classic for me will be affected somehow by the upcoming "The Merge". If there will be no hard fork will happen on the Ethereum chain, then I think there will be some miners who will try to mine Ethereum Classic. We still don't know what will happen after "The Merge", this will be one of the biggest events in the cryptocurrency world.
Overall, Ethereum Classic will stay for me.

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August 30, 2022, 10:36:39 AM
 #28

Ethereum Classic for me will be affected somehow by the upcoming "The Merge". If there will be no hard fork will happen on the Ethereum chain, then I think there will be some miners who will try to mine Ethereum Classic. We still don't know what will happen after "The Merge", this will be one of the biggest events in the cryptocurrency world.
If no fork for PoW coin from ETH, most of ETH miners will switch to mine ETC. If there is a PoW coins from ETH, there will be less miners switching to ETC. However, whatever happens with the Merge, if it moves to PoS successfully, ETC network will receive more hashrates from miners.

If in 2020 bull run, ETC can rise to $200, it will rise to higher price in 2024 or 2025. Especially if in future, there is no PoW for ETH.

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Overall, Ethereum Classic will stay for me.
One of strongest Proof of Work coins. Ethereum Classic will stay here. If you look at ETC chart, there are good waves for this coin.

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August 30, 2022, 04:27:21 PM
 #29

Why fork when they can just redirect their hashing power to ETC.  But I bet if ever a fork is created during the transition, many will still fall for it and happily spend their money to buy those forked tokens.

Exactly! And they may have a new fork, but they need exchanges to accept the new fork and there needs to be liquidity. I think exchanges will be hesitant, since miners already continued the original chain. I think exchanges may get tired of supporting forks, e.g., Litecoin Cash.

I would like to see more development on ETC.

If in 2020 bull run, ETC can rise to $200, it will rise to higher price in 2024 or 2025. Especially if in future, there is no PoW for ETH.

One of strongest Proof of Work coins. If you look at ETC chart, there are good waves for this coin.

Seems like it could be a good 2-3 year play ... curious about the upcoming months. Will there be a "buy the news, sell the event"?
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