Ethereum Classic ETC Data Mining
6.4 – Ethereum classic (ETC) mining. By Janika Kouki. Earlier this week, Ethereum was hardforked, which technically resulted in moving to the new blockchain. The website will help you choose the best pool for cryptocurrency mining EthereumClassic (ETC). Pools rating EthereumClassicwill show the best pool for capacity, quality and profitability. Jul 28, 2016 - In return, some of the miners that had abandoned the original Ethereum chain (ETC) to mine on the ETH hardfork have now begun mining on both which means that the original ETC network actually has once again begun seeing an increase in its hashrate (recall that it had dramatically dropped a week. Ethereum classic price. There is a key bearish trend line forming with resistance at $34.50 on the hourly chart of the ETC/USD pair (Data. Bitcoin mining and. Ethereum classic price. There is a major bearish trend line forming with resistance at $27.00 on the hourly chart of the ETC/USD pair (Data. Bitcoin mining and.
Key Highlights • Ethereum classic price formed a short-term top at $33.41 and declined against the US dollar. • There was a break below an important bullish trend line with support at $30.30 on the hourly chart of the ETC/USD pair (Data feed via Kraken). • The pair is currently holding the 100 hourly simple moving average, but it is at a risk of more declines. Ethereum classic price is moving lower in a bearish path against the US Dollar and Bitcoin. ETC/USD could decline further towards the $28.00 and $26.00 support levels. Ethereum Classic Price Resistance There in ETC price above the $30.00 level against the US dollar. The price traded as high as $33.41 from where a downside wave was initiated.
It moved below the 23.6% Fib retracement level of the last wave from the $26.00 low to $33.41 high. The downside move extended below the $31.00 support area, which ignited further declines. During the downside move, there was a break below an important bullish trend line with support at $30.30 on the hourly chart of the ETC/USD pair. The pair is currently testing the $29.60 support and the 100 hourly simple moving average.
Moreover, the 50% Fib retracement level of the last wave from the $26.00 low to $33.41 high is also. However, the pair is now below $30.80 and the $30.20 supports, which means it is at a risk of more declines. On the upside, there is a connecting bearish trend line forming with resistance at $30.20. A break above the trend line and $30.50 is needed to avoid further declines. Above $30.50, the price could retest the $33.00 swing high in the near term. Hourly MACD – The MACD for ETC/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETC/USD is currently below the 50 level, but it is showing a few positive signs.
Major Support Level – $28.80 Major Resistance Level – $30.50 Charts courtesy – The post appeared first on.,, Post navigation.
I've done some more reading and apparently Etherem Classic (ETC, not ETHC) was created a short time before Poloniex made it available before trading. Siacoin SC Mining Calc. Upon it's inception, miners instantly attacked it and made it so there was little to no security and transaction verification, to the point where it was about to fail entirely (I am not a miner and do not know the technical details of this). Then, Poloniex decided to release it as an exchange option out of the blue this morning, causing the price to crash and the volume of transactions to spike.
From what I have heard, mining difficulty is 3% of Ethereum, causing some miners to flock to the new spinoff. The new spinoff has also caused a decline in price of Ethereum today. As for the existing balance, that is only if you had ETH on your Poloniex account at the moment of the fork, not just ETH in any wallet. That is all I know so far. If anyone else has relevant information please feel free to share as that is the intended purpose of this thread. Two questions: 1.
I am using HashFlare to 'mine' some ETH. Is there another company where we can purchase mining for ETC?
I have downloaded the ETC wallet and it is syncing now. But is there a ETC wallet that I do not have to have on my computer such as the one for ETH? If so, where can I find it download and can I move the address I have on my PC version to this new wallet? I am new to crypto and a friend said I should check into ETC since ETH on HashFlare looks like it will never ROI for me. How Do I Mine Electra ECA.