How To Farm Ethereum Classic
Ethereum Classic (ETC) is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum Classic is a continuation of the original Ethereum blockchain – the classic version preserving untampered history; free from external interference and subjective tampering of transactions.
The Ethereum Classic project is managed by the ETCDEV team, and is based on the original Ethereum codebase. The project was forked from Ethereum in July 2016, after the DAO attack.
The DAO is a decentralized autonomous organization, or DAO for short. It was a digital venture capital fund, built on the Ethereum platform, that allowed investors to pool their funds together in order to invest in projects.
In May 2016, The DAO raised over $150 million in a crowdsale. The DAO was lauded as a breakthrough in decentralized governance, as it would allow projects to be funded without the need for a central authority.
However, on 17th June 2016, a hacker exploited a vulnerability in The DAO and managed to steal $50 million worth of Ether. This led to a split in the Ethereum community, with some arguing that the stolen funds should be returned to The DAO, and others arguing that the blockchain should be forked in order to return the stolen funds.
A majority of the Ethereum community voted in favour of forking the blockchain, and the Ethereum fork (ETH) was created. However, a minority of the community decided to continue to support the original Ethereum blockchain, which was then forked to create Ethereum Classic (ETC).
The Ethereum Classic project is managed by the ETCDEV team, and is based on the original Ethereum codebase. The project was forked from Ethereum in July 2016, after the DAO attack.
The DAO is a decentralized autonomous organization, or DAO for short. It was a digital venture capital fund, built on the Ethereum platform, that allowed investors to pool their funds together in order to invest in projects.
In May 2016, The DAO raised over $150 million in a crowdsale. The DAO was lauded as a breakthrough in decentralized governance, as it would allow projects to be funded without the need for a central authority.
However, on 17th June 2016, a hacker exploited a vulnerability in The DAO and managed to steal $50 million worth of Ether. This led to a split in the Ethereum community, with some arguing that the stolen funds should be returned to The DAO, and others arguing that the blockchain should be forked in order to return the stolen funds.
A majority of the Ethereum community voted in favour of forking the blockchain, and the Ethereum fork (ETH) was created. However, a minority of the community decided to continue to support the original Ethereum blockchain, which was then forked to create Ethereum Classic (ETC).
Ethereum Classic is a continuation of the original Ethereum blockchain – the classic version preserving untampered history; free from external interference and subjective tampering of transactions.
The Ethereum Classic project is managed by the ETCDEV team, and is based on the original Ethereum codebase. The project was forked from Ethereum in July 2016, after the DAO attack.
The DAO is a decentralized autonomous organization, or DAO for short. It was a digital venture capital fund, built on the Ethereum platform, that allowed investors to pool their funds together in order to invest in projects.
In May 2016, The DAO raised over $150 million in a crowdsale. The DAO was lauded as a breakthrough in decentralized governance, as it would allow projects
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How long does it take to mine 1 Ethereum Classic?
How long does it take to mine 1 Ethereum Classic?
This question can be difficult to answer because it depends on a variety of factors. Some of the things that will affect how long it takes to mine 1 Ethereum Classic include the following:
· The hardware you are using
· The mining software you are using
· The pool you are mining with
Generally, though, it takes about 10 minutes to mine 1 Ethereum Classic.
Can you solo mine Ethereum Classic?
Solo mining is a process of mining Ethereum Classic (ETC) without joining a pool.
When you solo mine, you are essentially betting that you will be the only one to find a block during the time period you are mining.
If you are solo mining and are not part of a pool, then you will need to have a very large amount of hash power in order to be successful.
In order to solo mine Ethereum Classic, you will need to have the geth client and the classic-ethereum client installed on your computer.
You will also need to be familiar with the command line in order to solo mine.
Once you have the required software installed, you will need to create a new account.
To do this, open the classic-ethereum client and click on the “Account” tab.
Click on the “Create Account” button and enter the information required.
Make sure to write down the account address and the password.
You will also need to create a new account in the geth client.
To do this, open the geth client and click on the “Accounts” tab.
Click on the “Create Account” button and enter the information required.
Make sure to write down the account address and the password.
Next, you will need to open the classic-ethereum console.
To do this, click on the “Console” tab and enter the following command:
classic-ethereum – console
Once the console is open, you will need to set up your mining environment.
To do this, you will need to enter the following commands:
personal.startEthereumClassic()
miner.start(9)
This will start the mining process.
You will also need to enter the following command to start the geth client:
geth –rpc
Once the geth client is open, you will need to enter the following command to start mining:
miner.start(9)
You will also need to enter the following command to connect to the Ethereum Classic network:
network.connect(“http://localhost:8545”)
Once you have connected to the network, you will be able to start mining.
To do this, you will need to enter the following command:
mining.start()
This will start the mining process.
You will also need to enter the following command to see your mining statistics:
mining.show()
This will show you the mining statistics for your mining rig.
If you are solo mining and are not part of a pool, then you will need to have a very large amount of hash power in order to be successful.
In order to solo mine Ethereum Classic, you will need to have the geth client and the classic-ethereum client installed on your computer.
You will also need to be familiar with the command line in order to solo mine.
If you are solo mining and are not part of a pool, then you will need to have a very large amount of hash power in order to be successful.
Can I mine Ethereum Classic on my phone?
Yes, you can mine Ethereum Classic (ETC) on your phone. However, it is not recommended to do so, as it will likely not be profitable.
Mining cryptocurrency on your phone is not a very efficient way to mine coins. The phones are not as powerful as dedicated mining rigs, and they also use more power. As a result, you are likely to earn less money by mining on your phone than you would if you were to use a more powerful device.
That said, if you are interested in mining Ethereum Classic on your phone, there are a few things you can do to increase your chances of earning a decent return. First, make sure that you use a phone that has a powerful processor and a lot of storage space. You will also need to install some mining software, and there are a few options available.
Finally, be sure to join a mining pool. This will help you to earn a steadier income, and it will also reduce the risk of losing money if the price of ETC drops.
Can ETH ASICs mine ETC?
ASICs are Application-Specific Integrated Circuits. These are specially designed chips that are used to mine specific cryptocurrencies. Ethereum Classic is a fork of Ethereum that was created after the DAO hack. Ethereum Classic is a Proof of Work (PoW) coin, meaning that miners are rewarded for verifying and committing transactions to the blockchain.
Can Ethereum Classic be mined with ASICs?
At this time, it is not possible to mine Ethereum Classic with ASICs. Ethereum Classic is a fork of Ethereum, and the two networks are not compatible. The Ethereum Classic network is based on the original Ethereum codebase, which does not allow for ASIC mining. However, Ethereum Classic is scheduled to switch to a new PoW algorithm in 2019, which will allow for ASIC mining.
Which miner is best for Ethereum Classic?
When it comes to cryptocurrency mining, there are a variety of factors to consider in order to find the best miner for a particular coin. In this article, we will focus on Ethereum Classic (ETC) and help you decide which miner is best for this particular coin.
There are a few different miners available for Ethereum Classic, but the two most popular are Claymore’s Dual Miner and Genoil’s miner. Both of these miners have their own benefits and drawbacks, so let’s take a closer look at each one.
Claymore’s Dual Miner is a popular miner because it is a dual miner that can be used to mine both Ethereum and Ethereum Classic. It is also relatively easy to set up, and it has a built-in command line interface that makes it easy to use. However, this miner is not as efficient as Genoil’s miner and it can be a bit slower.
Genoil’s miner is a popular choice for Ethereum Classic miners because it is more efficient than Claymore’s Dual Miner. It is also more difficult to set up, but it offers more features and is more customizable. Additionally, it is more stable than Claymore’s Dual Miner, so it is a better choice for those who want to mine Ethereum Classic on a long-term basis.
Ultimately, the best miner for Ethereum Classic depends on your individual needs and preferences. If you are looking for a miner that is easy to set up and use, then Claymore’s Dual Miner is a good choice. If you are looking for a more efficient and customizable miner, then Genoil’s miner is a better option.
How much Shiba can you mine in a day?
In this article, we will discuss how much shiba can you mine in a day.
Shiba is a cryptocurrency that is based on the Litecoin code. It was created in March of 2018. Shiba is a fast and secure cryptocurrency that is perfect for everyday use.
You can mine shiba using a computer or a smartphone. The easiest way to mine shiba is to use a smartphone. All you need to do is download the shiba mining app and start mining.
You can earn shiba by completing tasks or by mining. You can also earn shiba by referring friends to the shiba mining app.
You can use your shiba to buy goods and services online. You can also use it to pay for goods and services in person.
Shiba is a secure and fast cryptocurrency that is perfect for everyday use. You can use it to buy goods and services online or in person. You can also use it to pay for goods and services on the dark web.
Is it worth keeping Ethereum Classic?
When Ethereum (ETH) hard forked in July 2016, creating Ethereum Classic (ETC), many believed that the latter would soon become obsolete. However, ETC has proven to be a viable cryptocurrency in its own right, with a market capitalization of over $1.5 billion. So, is it worth keeping ETC?
To answer this question, it’s important to understand why Ethereum forked in the first place. The fork occurred because of a disagreement within the Ethereum community over how to deal with The DAO, a decentralized autonomous organization that had been hacked. Some members of the community believed that the only way to address the issue was to perform a hard fork, while others believed that the blockchain should be allowed to run its course, even if that meant losing some funds.
The majority of the Ethereum community sided with the fork, which led to the creation of Ethereum Classic. Ethereum Classic retained the original blockchain, while Ethereum moved to a new one. This meant that anyone who held ETH at the time of the fork automatically held the same amount of ETC.
So, is it worth keeping ETC?
There are a few reasons why it might be. First, ETC has a number of unique features that make it different from other cryptocurrencies. For example, it has a built-in governance system that allows its users to vote on important decisions. It also has a much lower inflation rate than ETH.
Second, ETC has a strong community behind it. This community has been responsible for developing a number of tools and applications that can be used to interact with the ETC blockchain.
Finally, ETC is still in its early stages of development. There is potential for it to grow significantly in the future.
On the other hand, there are a few reasons why it might not be worth keeping ETC. First, the ETC community is smaller and less active than the ETH community. This could make it less resilient to attacks and less able to scale.
Second, ETC is less developed than ETH. It doesn’t have as many features or applications, and it’s not as well-known.
Third, the price of ETC has been relatively volatile, and it has been less successful than ETH in terms of price appreciation.
Ultimately, whether or not it’s worth keeping ETC is up to individual investors. There are pros and cons to both sides of the argument, and it’s important to make an informed decision before investing.
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