Ethereum Classic ETC Mining Electricity Cost
In this post, I go over the different costs associated with ethereum mining so you can calculate whether or not it will be profitable and worth it for you. Nov 11, 2017 - For some reason, that is exactly what has happened, as the Ethereum Classic price sits at US$17.38 at the time of writing. It's an interesting. If you define the market as all the butt hurt segwit2x gangs who bought a ton of more mining power going over to BCH then yes, the market. Guest • 2 months ago. Ethereum (ETH) Eth Classic (ETC). Ethereum Mining Calculator. Ethereum Mining Calculator. Hashrate: Difficulty: T. (electricity, rent, etc.).
I still think it is safer, and more useful, to mine Expanse, if you are looking for 'classic' Ethereum. Expanse is exchange listed, active development, didn't need to do the hard fork, etc.
Maybe I'm missing something, but the minority ETH blockchain seems like a dead end to me. As far as I understand, corret me if I'm wrong, Expanse is just a fork of Ethereum code, like Litecoin is a fork of Bitcoin code. If this is the case Expanse is irrelevant to the hard fork. Let me express my view and ask several questions. If the hardfork succeeds and Ethereum stays alive, this precedent shows, that any guarantees provided by public blockchains can be violated.
But why cryptocurrencies are so popular nowadays? Because people love those guarantees: guarantee of prespecified emission rate, guarantee of finite supply of tokens, guarantee of freedom from censorship.
If only one of those guarantees doesn't hold, cryptocurrencies become less attractive, it takes some time to realize that maybe. But why other guarantees would hold if one of them was violated? Are you sure, that in several years a high authority won't decide that the economy needs more units of ether and another hardfork won't be performed?
Now, why an investor would wait for that to happen if he understands that it's possible? Btw, here's a link to a very good article on the matter.
Obviously the Ethereum hard fork is irrelevant for Expanse, and that's what I said in my post. I totally disagree with you re: the precedence set by the hard fork.
The precedence set, as far as I'm concerned, is that the Ethereum community chose to do the right thing and prevent a massive fraud. Before you bother arguing your point on the matter, save your breath, it's all been said over and over by many folks on both sides of this. BridgeCoin BCO Mining Cal there. Let's simply agree to disagree.
We're both allowed to have our opinions. This is what happens when you introduce derivatives. Fiat would not be in the state it is now if it were not for the derivatives that are needed to support the abandonment of fractional lending by the major banks.
Crypto broke away from that ideology. But Ethereum-Fork changed the whole game again when it moved to protect its 'own' derivative. At least we know. The safest way to profit from the increasing price is to pump & dump? Any future value is susceptible to manipulation by stakeholders? And we have to trust only 250 'validators' belonging to R3 Consortium when mining comes to an end early next year? Thank you for reposting the link in my OP, it makes for good reading, straight from the hart of VB's bitcoin magazine too.
I have no affiliation with ClassicEthereum other than to mine it but it will will be an interesting project and I believe the miners will mine it until the cows come home after Ethereum-Fork switches to PoS. Thank you VB, we now have a coin to mine pre and post Serenity. I maintain that, if you are disillusioned by the ETH hard fork, you'd be better off supporting Expanse.
They've had a community voting mechanism, blockchain-based, in place since the beginning, i.e. It's not driven by the devs. It's is supported on a number of larger exchanges, including Poloniex. It's is a fork of the ETH github code, but they are free to take or leave whatever changes the mainline code makes, e.g.
PoS, if that's what they decide, and I think they will. Since all changes are subject to the community voting mechanism, rather than the devs will, I doubt that a change to implement PoS would receive the necessary support. Cool, Expanse always seem to be in the list of top 5 most profitable coins to mine. I must check it out sometime.
Would be nice to hold a few. Also, merge mining is getting easyer all the time. Currently mining: Bitcoin, Namecion, Ethereum, Litecoin, Doge, Viacoin, Pesetacoin, Umbrella and Groestl. Feathercoin as a backup option and am in the procsess of adding: Burst, Unobtainium and Syscoin. Wallets all over the show So why not? The more the better, Sia got a leg up from ethereum this week i see. I'm still keen to keep a watchful eye on that Classic eth though.
I'm like a kid in a sweet shop Exciting times! I´d decided to participate in this classic experiment, at least for the next few hours, cause it´s irresistible to see the 'blocks found' value counting up such fast.
But when these many 'new' blocks will become 'immatured' and 'real' blocks in the end? Can you post here of your experiences with EthClassic? Once I have made my electric costs for this month i will mine with them for a while. Help keep the experiment alive. Maybe, they might go for merge mining Classic with Expanse? It will take time for exchanges to sort this out too.
21st July 2016 @ Fork Miners Online: 12 Pool Hash Rate: 1.13 GH Pool Fee: 0.9% Last Block Found: 3 hours ago Network Difficulty: 12.813 T Network Hash Rate: 889.82 GH Blockchain Height: 1,920,165 Current Round Variance: 98% 23rd July 2016. Miners Online: 10 Pool Hash Rate: 1.21 GH Pool Fee: 0.9% Last Block Found: 2 minutes ago Network Difficulty: 372.095 G Network Hash Rate: 25.84 GH Blockchain Height: 1,930,200 Current Round Variance: 29% Pool hashrate still up and about 4% of network. Network hashrate down now that most people have upgraded to forked geth, Diff looks ideal. My experience was that I finished my first mining round very soon because I did not know that a special ETH Classic address was required for your pool.
Not everyone is an expert and knows this, so you should refer new users to this necessity at your start page. Now I have an ETH Classic address and start a second round, but not long-lasting.
Can I Still Mine PACcoin PAC. Just want to save a limited numbers of ETH Classic for the improbable case they will become collector's value in the future. And my originally question is still unanswered ->when these many 'new' blocks will become 'immatured' and be payed as 'real' blocks to your miners in the end? For me it looks like not one single miner earned any ETH Classic to his account since your pool launched?! Here a clearly statement is required soon from your side. I think that not very much miners will stay at your pool for days/weeks if they weren´t paid out promptly. Also, I can watch repeated 'Last share submitted: now', or 'in 2 (3, 4.) seconds', and then my round share still stays at 0%.
That happens always seconds after a new block was found. So is your pool 'swallow' submitted shares? Obviously the Ethereum hard fork is irrelevant for ExpanseNo, obviously Expanse is irrelevant to the Ethereum hard fork. Don't try to divert hashpower from the really important ETC to irrelevant altcoins.
I think now, when Poloniex listed Ethereum classic, it's quite probabe, that EthereumTheForked supporters will attempt to 51% attack ETC, therefore it's very important to make mining as user friendly as possible. Why am I here for instance? It's my 3'rd post at this forum. I'm here because Ethereum became a threat to the whole cryptocurrencies movement. And I'm willing to donate my modest hashpower to protect ETC. I'd prefer not to mess with installing a client.
May I have a good&old mining pool where mined ETC accumulates in my account? So you suggest to mine directly to my Polo account? I beleive it's disadvantageous, because of several reasons.
Just one of them: Polo may charge a fee for every deposit, and since all deposits are going to be small, the fee will constitute a major part of my income.
Wondering how profitable Ethereum Classic can be? Input everything from your pool fees to your hashing power/hash rate.
If you're using cloud mining services, input your contract fee. If you're using your own rig, input your hardware costs, power usage, power cost in kw per hour (you can find this on an electricity bill or search online for state averages if you're not sure). Then just click calculate. The results of the calculator will show you daily, weekly, monthly and yearly profits along with how much time, in days, it's going to take to breakeven on your investment, i.e. Taking into account your contract fee or your hardware costs. The profit results are estimated and based on the ETC to USD exchange rate, along with the current mining difficulty.