Ethereum Classic ETC Farming
6.4 – Ethereum classic (ETC) mining by Earlier this week, Ethereum was hardforked, which technically resulted in moving to the new blockchain. MinerGate and updated its pool servers, in order to continue to provide Ethereum mining. However, despite the fact that the original Ethereum blockchain was officially abandoned, some community members came together to secure the former network and provide its further development.
Feb 08, 2017 So the original Ethereum is basically Ethereum Classic, and the current version of Ethereum (ETH) is basically the “new” Ethereum. In other words, ETC.
The project, which was called, is already listed on, available for trading on and for exchange. Today, the MinerGate pool team is happy to announce support for Ethereum classic mining for all popular operating systems through the,, and. This decision was made out of a deep conviction that Ethereum could thrive without manual actions in the first place, as officially stated by our CEO, Claude Lecomte on last week. Having this in mind, MinerGate couldn’t miss the opportunity to encourage the development of the untouched original Ethereum blockchain.
Therefore, we encourage our users to welcome this “old new” cryptocurrency, and consider its mining along with the “mainstream” Ethereum and CryptoNote coins. How to start mining Ethereum classic?
As already mentioned above, there are three easy ways to start mining Ethereum classic on MinerGate: • MinerGate GUI miner. This is the easiest and the fastest way for ETC mining, both with CPU and GPU. Just, launch it and start mining in two clicks. If you are new to MinerGate, you will also have to register your account, which will probably take ~ 1 minute. You can follow this to get additional information.
If you prefer official software, for your OS, and use the following commands to connect to the MinerGate pool: For CPU mining: ethminer -C -F –disable-submit-hashrate For GPU mining: ethminer -G -F –disable-submit-hashrate Here’s the for mining with Ethminer on MinerGate. To use a popular Ethminer fork, Genoil, download it from. Open CL: ethminer -G -S eth.pool.minergate.com:45777 -O YOUR_EMAIL CUDA: ethminer -U -S eth.pool.minergate.com:45777 -O YOUR_EMAIL You can follow to get more information. More on Ethereum classic: • •.
What is Ethereum Classic? How To Mine Bitcore BTX Solo. Ethereum Classic is a secure, public, decentralized platform for running smart contracts. A smart contract is an application which helps exchange money, property, shares, or anything of value in a transparent, conflict-free way while.
Ethereum Classic was created when its predecessor, Ethereum (ETH), split into two separate coins. To understand this split and where Ethereum Classic came from, you have to start with the DAO. The Decentralized Autonomous Organization (DAO) was going to be a decentralized venture capital fund. If you wanted a say in how the direction of the decentralized applications (Dapps) would get funded, then you would buy DAO tokens with Ether. DAO was attacked by a hacker who saw a loophole in the network and took $50 million in funds. A hard fork was created in order to return the stolen funds back to the DAO token holders.
That hardfork is what created Ethereum Classic. Ethereum Classic and Ethereum have similar features, such as the creation and deployment of smart contracts. They are both decentralized, and have the same specs: average block time, size, and reward. 5 Things to Know about Ethereum Classic • ETC was created through a hard fork of ETH- The hard fork occurred because of the DAO hack that lost its token holders $50 million dollars.
• ETC is an open source-The entire community has access to what is being planned for the token. Everything is available to the ETC community and anyone can contribute in the development. • ETC isn’t just a digital currency-Ethereum Classic, like Ethereum, is a smart contract. A computer protocol that enforces a contract using the blockchain ledger. Cheapest Way To Mine Zcash ZEC there.
These smart contracts can have programs written on them, like Decentralized Applications. • ETC transactions are final-Once a contract is written it cannot be reversed and it will not be removed from the blockchain. • ETC is decentralized- Like most cryptocurrencies, Ethereum Classic has no central authority or third party involved. The price rests in the hands of the ETC community. The Future of Ethereum Classic Ethereum Classic has largely trailed behind its predecessor in price, however, it has found life in projects which have kept it relevant and valuable. For example, events selling tickets and passes have turned to Ethereum Classic to tackle the problem of bots purchasing tickets in mass and reselling at exorbitant prices.
With Ethereum Classic’s blockchain technology, an organizer can create smart contracts and rules in every ticket to avoid ticket hoarding. Ticketing is just one example of the many industries that may begin to use blockchain technology and Ethereum Classic. This digital asset is here to stay.