For more information about the project, you can read the white paper. There are several third-party wallets that can store, receive and send ETC. Here are some wallets where you can have an Ethereum Classic wallet. Before we give you the instruction to connect to our pool, it is essential to share with us basic knowledge about mining Ethereum Classic. ETC uses a Proof-of-Work system, and it is, of course, miners who support the blockchain.
Previously, we said that Ethereum Classic was a fork of Ethereum, so it uses the same mining algorithm, Ethash. Cruxpool provides an Ethereum Classic mining pool. The minimum threshold is 0. To connect your workers to our mining pool, you have to put your wallet address or your username if you use a Cruxpool account on your mining software. There are several mining softwares for ETC mining. Here is a list of softwares that you can use for mining this cryptocurrency.
Put the command-line on the software you choose and save the file and launch it. Your ETC mining on Cruxpool will be starting. Skip to content How to mine Ethereum Classic? Ethereum Classic Starting Guide. What is Ethereum Classic? Mining rewards were lucrative with BTC and the same so with Ethereum.
However, in both cases, with markets becoming over-saturated and difficulty levels on a consistent rise, an early adopter option is still hidden in plain sight. The chain came into existence as the Ethereum community became divided as to whether to preserve the immutability or revert the extensive damage.
A group of developers who were not in favour of forking, resumed their operations on the un-forked blockchain , which is now referred to as Ethereum Classic. The ethereum classic mining setup required for ETC is not very extensive and thus can be easily set up and generate a good amount of returns. Hardware requirements are pretty low gear compared to their counterparts such as Ethereum and Bitcoin mining. Currently, the hash rate of ETC is in 84 million hashes per second, with virtually no hardware cost.
The difficulty cost is much lower than that of Ethereum, and since both use the Ethash algorithm, therefore, ETC is definitely a better choice to divert your mining power to. The per-block reward currently stands at 3. CryptoCompare, a comparison website for various statistics related to cryptocurrencies and tokens, has an informative dashboard for Ethereum Classic related to its mining activities which offer useful insights for potential miners.
Low cost and high returns are surely an easy call to make for mining enthusiasts. A good example would be Atomic wallet or Exodus, for a software wallet, though you can opt for a hardware wallet such as one among the Ledger Nano series as well. Once the wallet functionality is selected, you will need to decide how you would like to mine. You can choose to mine solo or join mining pools. The benefit of the latter is there are greater rewards compared to the computational power that is put in, hence making it a more preferable choice for miners to opt for.
There are various choices of mining pools available for Ethereum Classic, among which some notable examples are Nanopool or Ethermine. Both of these mining platforms offer a simple quickstart option that guides you through allowing you to choose the respective crypto to mine, in this case, Ethereum Classic, and then directing you to a Github page to download the appropriate mining software.
In Nanopool, once you select ETC, you are given instructions to follow along with the latest stats related to pool hashrate, miners in the pool and the range of payout to the miners. Once you make your selection and perform installation, you will be required to provide certain inputs such as selecting the server location, algorithm to use, OS and graphics card related information.
Enter that, follow through the instructions and begin your installation process. Therefore, while you are mining ETC, you can choose to mine for SIA coins , for instance, a decentralized cloud storage token, alongside at no additional cost. This dual mining. Once you are through with the hardware setup and follow through the instructions on any of the above mining pools, complete the installation and setup process, you are ready to start mining!
Depending upon the mining software you choose, follow the steps related to running commands on setx and initializing your GPUs to get started. You will be available to view your hashrate as well once the setup is up and running. Give the mining process a go and share your thoughts in the comment section below!
I am very very new in the sector. Is any other computer other than a game computer manage this work? For example mid-August Macbook pro? Andrew Zapotochny.
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|0.00079498 btc to usd||Then it would be best if you bought, of course, some gpu to get as much value as possible. Specify the name of the rig as you want it to be shown in miner's statistics page. We have already listed some recommended mining pools in this article. There are various choices of mining pools available for Ethereum Classic, among which some notable examples are Nanopool or Ethermine. How to make a Ethereum Classic miner? You can now go back to the Start mining ethereum classic Quick Start menu and click the button under step 3 to generate your config file. Write for Kryptomoney.|
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If you have questions about mining, there is an active Mining channel in the Ethereum Classic Discord. Ethereum Classic. Open menu Search. Open menu Learn. Why Classic? RSS Feed. Learn Why Classic? Knowledge Further reading on the foundations that underpin ETC. Guides Practical tutorials and walkthroughs for interacting with the network in a number of ways.
Videos A collection of videos and podcasts to keep you informed on ETC concepts and happenings. Community If you long for communication with people who are interested in ETC, here's how to find them. Mining Hardware Software Pools.
For those who do not know, Ethereum classic is actually the original Ethereum blockchain. The current Etheruem blockchain is actually a fork of Ethereum classic. We have covered this extensively in our post on Etheruem classic vs. Ethereum but the just the split came down to a disagreement in the Ethereum community. In June of , a famous event called the DAO hack occurred. Hence, the Ethereum developers forked the code to rescue the users who had their ETH stolen in the hack.
The Ethereum classic developers dissapproved and kept on running the existing Etheruem blockchain. This is the now the Ethereum classic that we have today. This means it can be mined, and the good news is that the network difficulty for Ethereum Classic is far lower than for Ethereum, making it more suitable for miners using GPUs rather than ASIC rigs.
One of the best places you can look at to get an idea of the mining profitability of various coins is whattomine. Ethereum classic often features as one of the most profitable coins to mine. Below is a screenshot from the ETC mining calculator. This is almost half of that for the hashpower required to breakeven on Ethereum.
Given that they are both mined with the Etash mining algorithm, it is a no-brainer where you will turn your hashing power at. Mining Ethereum Classic is similar to any other Proof-of-Work coin and you need pretty much the same hardware and software. It also supports dual mining, so when you become more experienced you can dual mine Ethereum Classic and Siacoin or Decred among others. This is the easiest solution, but also gives the lowest returns.
Two popular Ethereum Classic mining pools are Nanopool and Ethermine. Plus Nanopool is one of the most popular mining pools, with global servers and enough history that I know they are trustworthy. First head over to Nanopool. When you click the appropriate button it will take you to GitHub to download the mining software.
We will take a look at mining with both the Finminer and Claymore although the latter is preferred. Once you have downloaded the Claymore files and unzipped them, you need to generate a configuration file to run it. There are a number of online tools that will help you to do this although conveniently, Nanopool has one as well. You can now go back to the Nanopool Quick Start menu and click the button under step 3 to generate your config file.
This is the file that starts the miner and specifies the various parameters such as the server to connect to, and what Ethereum Classic address to send earnings to, and what address to send secondary earnings Siacoin or PascalCoin to.
Note that the secondary wallet field is mandatory, so you will need to choose either SiaCoin or PascalCoin and generate a wallet address. That could mean you need to download and install a SiaCoin or PascalCoin wallet.
Obtain suitable hardware. ✅ Ethereum Classic can be efficiently mined with GPU mining machines. Obtain a wallet address. You'll need to get a wallet address if you don't have one already. Obtain mining software.