Should I Buy A Ethereum Classic ETC Miner
Important Update: Ending Ethereum Classic (ETC) Withdrawal Support Ethereum Classic (ETC) withdrawals are no longer be available as of December 30, 2016. Since Coinbase no longer provides support for Ethereum Classic (ETC), it is not possible to deposit, store, or withdraw ETC. Coinbase made a withdrawal tool available for a period of time to enable customers to withdraw any ETC associated with their account, but this has since been disabled. During the process of disabling support for ETC, several notification emails were sent describing the timeline for ETC support. Since that time has passed, we’re unable to provide any further assistance regarding ETC. Welcome to the Ethereum Classic (ETC) FAQ. Below please find answers to a few frequently asked questions about ETC on Coinbase.
On July 20th, 2016 Ethereum executed a hard fork, or a change in the way the Ethereum protocol works. The majority of the mining hashing power supported the hard fork which is currently known as ETH or Ethereum.
A smaller set of miners supported a shorter chain. This shorter chain became known as ETC.
Coinbase is currently configured to support ETH, not ETC. How do I withdraw ETC? Since Coinbase no longer provides support for Ethereum Classic (ETC), it is not possible to deposit, store, or withdraw ETC from Coinbase. How was my ETC credit calculated? ETC balances contained the amount of ETC associated with your GDAX balance immediately prior to the hard fork plus any additional ETC that was sent directly to your Coinbase or GDAX account after the hard fork. It did not include any ETC that was withdrawn as part of transactions since the hard fork, nor any ETC which was sent to Coinbase via a split contract.
Ethereum Classic (ETC). The ecosystem agreed on a change to the issuance scheme which will reduce miner rewards by 20% every 5,000. Should I buy Ethereum Classic? Seems like other cryptos have moved a lot in the past 12 months while Ethereum Classic(ETC) hasn't. Confessions of an ETC miner. So they started buying.
Can I deposit ETC to my Coinbase account? For a period of time, Coinbase made available the ability to send your ETC credit off platform. ETC sent to the ‘from’ address on a Coinbase ETC withdrawal would not have been credited to your Coinbase account.
How can I get my ETC credit? Since Coinbase no longer provides support for Ethereum Classic (ETC), it is not possible to deposit, store, or withdraw ETC from Coinbase.
Is Coinbase planning to offer full support for ETC going forward? We made the ability to send ETC credits off platform available until December 30, 2016. We will continue to evaluate various digital currencies to decide which to support. What should I expect if another digital currency supported by Coinbase experiences a future hard fork?
The industry is evolving rapidly and we expect that best practices will develop over time on how to handle hard forks. Right now we are handling each one on a case by case basis.