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Please be patient and wait. Please note that the average hashrate on the pool website is shown for the last 6 hours of work. Since you turn on the machine the hashrate will gradually grow. You will also see the shares being sent to the pool in Antminer control panel.
Remember to follow us on Twitter to get all the news as soon as possible. We highly recommend you to join our miner community in Telegram or one of the local chats in Russian , Turkish , Spanish , and Chinese. Became interested in cryptocurrencies at the dawn of the latest bull run and bought his first graphics cards. John published a series of articles about the basics of cryptocurrency mining. For the purview of efficient Ethereum Classic mining, you should be connected to the blockchain at all times.
Always consider your power consumption. This is a software which is going to help you collect your mined coins and operate with them when broadcasting a transaction or exchanging on the crypto market. Electricity prices — depending on which country you live in, electricity for running the ETC mining gear could cost you quite a bit. In case, that the price is too high in your country, we recommend Ethereum Classic Cloud Mining which has its own section further down.
Noise — imagine having 6 vacuum cleaners turned on at the same time in the same room. Would sound more like a jet trying to take off, if you ask us. Heat — if you leave the oven open and run out of the kitchen you could potentially warm up the room. Now think of the heat if there is more than one open. The miners work non-stop, radiating a lot of heat and that can really change the temperature of the room. We recommend considering adequate ventilation of the space they occupy or even installing and air-conditioning system.
You can relax however, as we are here to help. Our team of experts has prepared a dedicated troubleshooting page link. Best choice of Ethereum Classic mining hardware to buy We know that it can be frustrating to find the most suitable hardware. There are enough options on the market to make your head spin.
Ethereum Classic is a distributed network that consist of blockchain ledger and a robust ecosystem of on chain applications. It provides a permissionless way to manage digital assets without any intermediaries. ETC is a programmable money and the native cryptocurrency of the Ethereum Classic blockchain.
Ethereum Classic has been for a while. ETC is the original Ethereum and it is the original Ethereum blockchain. To know the history and information regarding the chain split and why they split. If you were mining ETH and got evicted out because of the consensus change then you can mine Ethereum Classic. This network welcomes and loves miners.
So it supports the same hardware and mining software. Ethereum Classic has a strong community of people with proof of work values and preferences. Has a dedicated developer team and being one of the oldest PoW coins it is widely accepted and supported by major crypto exchanges, making it easy you to sell or trade for other currencies. Note: This post is not a financial advise. Its just a mining guide showing you how to start mining Ethereum Classic.
Do your own research and its totally up to you on whether you wish to mine it or not. You can mine it and sell it immediately or if you believe in its potentials then you can hold ETC in your wallet and cash out in the future at higher prices. What is Ethereum Classic Mining? Ethereum Classic is a PoW coin that relies on miners to secure its network. Mining is the most important element of Proof-of-Work cryptocurrencies. Check out this list of proof-of-work mineable coins. Mining is a process though which the network process blocks of transactions and adds them to the blockchain.
Mining is a trustless decentralized mechanism that allows nodes to reach consensus and helps keep the network secure. ETC being an decentralized open source platform no one single entity can have control over its ledger. Anybody in the world can take part in the network consensus without permission, can contribute hashpower and participate in the production of new ETC coins.
This process is achieved via network of computers called miners. In exchange for contributing their hashpower, providing the service and securing the blockchain miner whoever solves the block will be rewarded with ETC based on the block reward and transaction fees from the block.
Ethereum Classic on the other hand voted to cap its max supply at ,, ETC. Meaning there will only be that amount of ETC coins in circulation ever. They adopted this monetary policy in December ETC block time is 15 seconds that is on average newly created ETC coins come into circulation every 15 seconds. Also it has a reduction in block rewards similar to Bitcoin which cuts it reward by half every 4 years or ,00 blocks. Previously the reward was reduced from 4 ETC to 3. During the last reduction at block height 15,, the reward has been cut from 3.
ETC also has mining difficulty adjustment that maintains and ensures that the block generation happens within the 15 second time limit. Difficulty increases as miners hash power increase and it adjusts down as miners reduce. The development and rise of Ethash ASIC along with the hash power rental service like NiceHash has given advantage for some bad actors to execute double spend attacks.
It also guards specialized ASIC equipment from mining the chain. And it also resists hashpower rental service like NiceHash. Miners will not be able to rent hashpower from external source to mine ETC. But that proposal was later canceled and rejected. Get a suitable mining hardware. Get your wallet. Install a mining software. To get started with Ethereum Classic mining you first need a suitable hardware. What kind of hardware equipment is best to use for mining ETC?
To mine Ethereum Classic effectively you need an efficient mining hardware that produces higher hashrate. Currently there are two main types of hardware that can be used to mine Ethereum Classic. CPUs are obsolete. Other than high end graphic cards you can also effectively mine with 4Gb cards. With that said this guide only covers GPU mining.
ETC wallet address Once you have the right mining equipment you need to obtain a wallet address. Get yourself a wallet to safely store your mined Ethereum Classic coins. There are several secure wallet options to choose from.
Also you can use browser based wallets such as Brave wallet and Metamask. All you have to do is connect your Metamask extension to Ethereum Classic network. You can send your mining payouts to exchanges such as Binance or Huobi.
Note: Always do your own diligence when choosing an exchange or a wallet provider. Choose the one that best suits your needs. All the Ethereum miners supports ETC mining. Before you download the miner ensure that it supports your GPU and works on your chosen operating system.
Note: While downloading your browser might block the miner file. Also after downloading your antivirus program might remove the miner from your PC. Just add exclusion and continue with the download. After you have the miner ready you need to uncompress and configure it. Ethereum Classic mining pools Once you have the mining software ready its time to join a mining pool. Why mining pool and why not solo? Successful mining totally depends on your hashpower. The higher it is the greater the chances of winning the block reward.
The best way to mine ETC is by joining a mining pool. A mining pools is where a group of individual miners join together and combine their computing hash power to strengthen the probability of finding a block and successfully mine ETC.
The share of mining rewards is distributed to all the miners of the pool proportional to the computational power they contributed. More the hashrate you contribute to the pool the more your rewards will be. Once the coins are deposited, you can then sell them for cash. The process is fairly simple, and most exchanges have step-by-step instructions on how to do it. Just make sure you are following all of the safety precautions, as there are a lot of scams in the cryptocurrency world. And never forget: always keep your private key safe!
LocalEthereum is a peer-to-peer marketplace where people can buy and sell Ether coins. Just make sure you are dealing with a reputable seller, and always use caution when trading cryptocurrencies. You now know how to mine Ethereum, sell your Ether coins, and buy other cryptocurrencies. Thanks for reading!
If you want to learn more about Ethereum, be sure to check out my other blog posts on the subject. I cover everything from mining to smart contracts to dapps. It is similar to Bitcoin, but there are some key differences. For example, Ether can be used to pay for things like smart contracts and dapps. And unlike Bitcoin, Ether can be mined. In this blog post, I will teach you how to mine Ethereum on your computer. I will also cover how to sell your Ether coins for cash, and how to use a service like LocalEthereum to buy other cryptocurrencies.
To start mining Ethereum, you will need a computer with a graphics card GPU. I recommend using a Nvidia graphics card, as they are the best for mining Ethereum. You can find a list of compatible graphics cards here. This software is used to mine Ethereum on your computer. You can find the download link here. Once you have downloaded the software, you will need to create an account on an Ethereum pool. I recommend using the pool called nanopool. You can find the sign-up link here.
Once you have created an account on the pool, you will need to enter your Ethereum wallet address into the software. This is where your mined Ethereum will be sent. Conclusion Now that you have everything set up, you are ready to start mining! It may take a while for your computer to finish mining, so be patient. When you are done mining, you can sell your Ether coins on an exchange like Coinbase or Binance. What are some of the risks and rewards associated with Plug and Play Ethereum miner?
Mining Ethereum can be a risky business , as miners are rewarded based on their share of work done.
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Feb 21, · February 21, With Ethereum's imminent/recent switch to Proof of Stake a.k.a. "The Merge", Ethereum Classic becomes the largest Proof of Work Smart Contract . Ethereum Classic miners - Etchash ⛏️ | minerstat. Coins» Ethereum Classic mining software. ETC Ethereum Classic. Data. Value. Algorithm: Etchash. ETC network hashrate: . Set the Coin to `Ethereum classic` Set your wallet address. Click the `Create wallet` button. Click the `Create pool` button. Click the `Create pool` button. Click the `Create profile` button. Go to .