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Should I mine Ethereum or Ethereum Classic. Is easy with these two to make some good money. Pay 90–98% of what you would make mining ETH or ETC. Ethereum Mining. Ethereum Mining. How to Buy Ethereum Classic (ETC). As this is vital to keeping control of your money and minimizing the trust you put in third. You'll have to decide for yourself whether you think Ethereum (ETH) or Ethereum Classic (ETC. Ripple Mining Coinbase. Who lost their money in. Bitcoin Miners Follow Profit to Ethereum. They make money when the return of generating and selling. Has long operated a mining pool focused on Ethereum. What is Ethereum Classic. The decision to return the money is short sighted and you might. You can calculate the profitability of mining Ethereum Classic (ETC).

Ethereum Classic is one of two currencies that use the Ethereum blockchain, with Ethereum or Ether (ETH) being the other one. Find out what you need to know about Ethereum Classic today. What Is Ethereum Classic? Ethereum Classic is an open-source, public, blockchain-based distributed computing platform. The currency emerged after the original Ethereum platform forked into two versions, including Ethereum Classic (ETC) and Ethereum (ETH). ETC was officially released after The DAO hard fork in 2016, which occurred one year after the launch of.

Like Ethereum, Ethereum Classic provides a decentralized, Turing-complete virtual machine, the Ethereum Virtual Machine (EVM) as well as smart contract functionality. Today, you can buy Ethereum Classic (ETC), known as “classic Ether” on most cryptocurrency exchanges. You can store that in a wallet just like you would hold Ethereum and other currencies. ETC uses gas, an internal transaction pricing mechanism, to prevent spam on the network and allocate resources proportionally to the incentive offered by the request. Why Was Ethereum Classic Created?, there was one version of Ethereum.

It was called Ethereum. Then, there was a disagreement on how to handle the situation created by The DAO. In May 2016, The DAO, a venture capital fund, was built on Ethereum and raised an enormous amount of money. The DAO raised $168 million to invest in smart contract development. Investors recognized the potential of smart contracts, and believed The DAO – which stands for “” – was one of the best chances for smart contracts to reach their full potential. That same month, a paper was released explaining security vulnerabilities in The DAO.

Those security vulnerabilities could allow the money in The DAO to be stolen. Just one month later, in June, a hacker stole 3.6 million Ether (about $50 million at the time) from The DAO. The money was taken from The DAO’s accounts and moved to another account without the owners’ consent – which was one of the notable vulnerabilities mentioned in the May 2016 paper. Nevertheless, the hacker’s $50 million fund wasn’t immediately withdrawn. It was still sitting in the child DAO.

The hacker couldn’t access the funds because The DAO’s smart contract stated that any invested money was unable to be removed for 28 days. The DAO had lost nearly one third of its investments. The community and investors talked about how to proceed.

There were two approaches: • Part of the Ethereum community wanted to “roll back” the, move the Ether taken in the exploit to a new smart contract, and allow the Ether to be restored to the owners from whom it had been taken. This would effectively roll back the Ethereum blockchain through a soft fork, which meant that investors could keep their stolen funds. • Another part of the Ethereum community believed in the immutability of the blockchain; rolling back the blockchain was a fundamental violation of that immutability. Members of the Ethereum community rejected the proposed soft fork based on this principle. The second group – the group that believed in immutability – rejected the hard fork and continued to use the unforked version of Ethereum. This unforked version of Ethereum became known as Ethereum Classic, while the hard fork version of Ethereum is known simply as Ethereum today. The Ethereum Soft Fork Versus The Hard Fork Meanwhile, the majority of Ethereum users agreed that a soft fork was the best way to proceed.

A soft fork is like a backwards-compatible software update. Users weren’t forced to upgrade. Updated users could still interact with non-updated users.

However, a soft fork has a major problem: implementing a soft fork would have resulted in a Denial of Service (DoS) attack vector. Typically, Ethereum’s network is protected from DoS attacks (which essentially involve flooding the network) due to the presence of Gas as a. The moment a soft fork gets implemented, the attacker could flood the network with transactions with no gas cost. That meant a soft fork was not the right solution – which is why we eventually got a hard fork.

A hard fork, unlike a soft fork, is not backwards compatible. Once a hard fork is used, there’s no going back. Anybody who isn’t using the upgraded version of the blockchain will not be able to access new updates or interact with new users on the system. For all intents and purposes, it’s like you’re using two different currencies – they just happen to be built on the same original blockchain. Ultimately, all of Ethereum’s major players – including founders Vitalik Buterin and Gavin Wood – moved onto the new chain. However, Ethereum Classic continues to have support – mostly from those who believe in the immutability of blockchain technology above all else. One of ETC’s biggest supporters is Barry Silbert, the CEO of Grayscale.

Problems With Ethereum Classic The main problem with Ethereum Classic is that it’s not backwards compatible with the Ethereum hard fork. All of Ethereum’s main developers and founding team have moved onto the forked version of Ethereum. That team continues to develop updates and lead marketing for Ethereum (ETH), which leaves ETC out of the loop. One of the best examples of this issue is when Ethereum (ETH) moved from a proof of work (PoW) to a proof of stake (PoS) algorithm – something that ETC has not done. There’s also a subset of the internet that considers Ethereum Classic to be a scam. They claim that Ethereum Classic didn’t really have any support after the initial hard fork, but its support was fabricated by supporters of other currencies – like maximalists, for example. Ultimately, neither ETH nor ETC are perfect currencies.

However, ETH has far greater support – and a much larger market cap. Ethereum Classic Today The price of Ethereum Classic has fluctuated over the years. At launch, after the hard fork, the price of Ethereum Classic fluctuated between $0.75 and $3 per token before dropping to a range of $1 to $2 for the remainder of 2016 and early 2017. In June 2017, as the was peaking, Ethereum Classic reached a high of around $23 per ETC. As of October 2017, that price has dropped to around $12 per ETC. The coin has a market cap of around $1.5 billion, making it one of the top 5 or 10 largest cryptocurrencies in the world. ETC is still in active development.

In October 2016, ETC underwent a technical hard fork to adjust the internal pricing for running op codes on Ethereum’s Virtual Machine (EVM) – similar to the hard fork Ethereum went through one week earlier. In early 2017, Ethereum Classic went through another hard fork – the “difficulty bomb” hard fork, or “Die Hard” fork designed to increase the difficulty of. This had been added to Ethereum’s code in September 2015. The next major Ethereum Classic update will be a monetary policy change that will change unlimited token emission to a fixed cap monetary policy – similar to bitcoin’s limit of 21 million tokens – giving Ethereum Classic a hard cap of around 210 million. Ethereum Classic Conclusion Ultimately, Ethereum Classic is the original, unforked version of Ethereum.

It comes with many of the same features and benefits as Ethereum, and it continues to be actively developed to this day. You can learn more about Ethereum Classic at the platform’s official Github page here.

CryptoCompare needs javascript enabled in order to work. Linux BURST Mining Software. Follow these instructions to activate and enable JavaScript in Chrome. PC • To the right of the address bar, click the icon with 3 stacked horizontal lines. • From the drop-down menu, select Settings. • At the bottom of the page, click the Show advanced settings link.

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From the drop-down menu. • In the left-hand column, select Settings from the list. • At the bottom of the page, click the Show advanced settings link.

• Under the Privacy section, click the Content settings button. • Under the JavaScript heading, select the Allow all sites to run JavaScript radio button. • Finally, refresh your browser. This guide was created with the purpose of answering any question user may have regarding Ethereum Classic (ETC). In order to understand why and how ETC has come into existence, it's important to understand the events that lead to its creation: The DAO hack and the hard-fork. If you haven't followed these events, Part 1 - What is Ethereum Classic is not a new cryptocurrency, but instead a split from an existing cryptocurrency, Ethereum.

Both blockchains are identical in every way up until where the hard-fork to refund The DAO token holders was implemented, meaning that all the balances, wallets, and transactions that happened on Ethereum until the hard-fork are still valid on the Ethereum Classic Blockchain. After the hard-fork, the blockchains were split in two and act individually. Ethereum Classic still offers the same features as Ethereum, such as the creation and deployment of smart contract and Decentralized applications, and has all the same specifications, such as average block time, size and reward.

Part 2 - Why was Ethereum Classic created The Hard-fork has been a controversial subject, that has split literally split the Ethereum community in two. Both sides have made some valid points regarding their position on the hard-fork debate.