Part 1 - What is Ethereum Classic. You can calculate the profitability of mining Ethereum Classic (ETC) A community hub for ETC supporters. June 2017 one litecoin $27, One ethereum classic $24. Today January 2018 one lite coin $201, one ethereum classic $33. Litecoin was declared dead 2016 or what. ETC Mining Pools: 2 Miners Pool. Why Ethereum Classic Matters in 2018. How to solo mine ETHC (self.EthereumClassic).

I still think it is safer, and more useful, to mine Expanse, if you are looking for 'classic' Ethereum. Expanse is exchange listed, active development, didn't need to do the hard fork, etc. Maybe I'm missing something, but the minority ETH blockchain seems like a dead end to me. As far as I understand, corret me if I'm wrong, Expanse is just a fork of Ethereum code, like Litecoin is a fork of Bitcoin code.

If this is the case Expanse is irrelevant to the hard fork. Let me express my view and ask several questions. If the hardfork succeeds and Ethereum stays alive, this precedent shows, that any guarantees provided by public blockchains can be violated. But why cryptocurrencies are so popular nowadays? Because people love those guarantees: guarantee of prespecified emission rate, guarantee of finite supply of tokens, guarantee of freedom from censorship. If only one of those guarantees doesn't hold, cryptocurrencies become less attractive, it takes some time to realize that maybe.

But why other guarantees would hold if one of them was violated? Are you sure, that in several years a high authority won't decide that the economy needs more units of ether and another hardfork won't be performed? Now, why an investor would wait for that to happen if he understands that it's possible? Btw, here's a link to a very good article on the matter.

Obviously the Ethereum hard fork is irrelevant for Expanse, and that's what I said in my post. I totally disagree with you re: the precedence set by the hard fork. The precedence set, as far as I'm concerned, is that the Ethereum community chose to do the right thing and prevent a massive fraud. Before you bother arguing your point on the matter, save your breath, it's all been said over and over by many folks on both sides of this. Let's simply agree to disagree. We're both allowed to have our opinions.

This is what happens when you introduce derivatives. Fiat would not be in the state it is now if it were not for the derivatives that are needed to support the abandonment of fractional lending by the major banks. Crypto broke away from that ideology. But Ethereum-Fork changed the whole game again when it moved to protect its 'own' derivative. At least we know. The safest way to profit from the increasing price is to pump & dump?

Any future value is susceptible to manipulation by stakeholders? And we have to trust only 250 'validators' belonging to R3 Consortium when mining comes to an end early next year? Thank you for reposting the link in my OP, it makes for good reading, straight from the hart of VB's bitcoin magazine too. I have no affiliation with ClassicEthereum other than to mine it but it will will be an interesting project and I believe the miners will mine it until the cows come home after Ethereum-Fork switches to PoS.

Thank you VB, we now have a coin to mine pre and post Serenity. I maintain that, if you are disillusioned by the ETH hard fork, you'd be better off supporting Expanse. They've had a community voting mechanism, blockchain-based, in place since the beginning, i.e. It's not driven by the devs.

It's is supported on a number of larger exchanges, including Poloniex. It's is a fork of the ETH github code, but they are free to take or leave whatever changes the mainline code makes, e.g. PoS, if that's what they decide, and I think they will. Since all changes are subject to the community voting mechanism, rather than the devs will, I doubt that a change to implement PoS would receive the necessary support. Cool, Expanse always seem to be in the list of top 5 most profitable coins to mine.

I must check it out sometime. Would be nice to hold a few. Also, merge mining is getting easyer all the time. Currently mining: Bitcoin, Namecion, Ethereum, Litecoin, Doge, Viacoin, Pesetacoin, Umbrella and Groestl. Feathercoin as a backup option and am in the procsess of adding: Burst, Unobtainium and Syscoin. Wallets all over the show So why not? The more the better, Sia got a leg up from ethereum this week i see.

I'm still keen to keep a watchful eye on that Classic eth though. I'm like a kid in a sweet shop Exciting times! I´d decided to participate in this classic experiment, at least for the next few hours, cause it´s irresistible to see the 'blocks found' value counting up such fast. But when these many 'new' blocks will become 'immatured' and 'real' blocks in the end? Can you post here of your experiences with EthClassic?

Once I have made my electric costs for this month i will mine with them for a while. Help keep the experiment alive. Maybe, they might go for merge mining Classic with Expanse? It will take time for exchanges to sort this out too.

21st July 2016 @ Fork Miners Online: 12 Pool Hash Rate: 1.13 GH Pool Fee: 0.9% Last Block Found: 3 hours ago Network Difficulty: 12.813 T Network Hash Rate: 889.82 GH Blockchain Height: 1,920,165 Current Round Variance: 98% 23rd July 2016. Miners Online: 10 Pool Hash Rate: 1.21 GH Pool Fee: 0.9% Last Block Found: 2 minutes ago Network Difficulty: 372.095 G Network Hash Rate: 25.84 GH Blockchain Height: 1,930,200 Current Round Variance: 29% Pool hashrate still up and about 4% of network. Network hashrate down now that most people have upgraded to forked geth, Diff looks ideal. My experience was that I finished my first mining round very soon because I did not know that a special ETH Classic address was required for your pool. Not everyone is an expert and knows this, so you should refer new users to this necessity at your start page.

Now I have an ETH Classic address and start a second round, but not long-lasting. Just want to save a limited numbers of ETH Classic for the improbable case they will become collector's value in the future. And my originally question is still unanswered ->when these many 'new' blocks will become 'immatured' and be payed as 'real' blocks to your miners in the end? For me it looks like not one single miner earned any ETH Classic to his account since your pool launched?! Here a clearly statement is required soon from your side. I think that not very much miners will stay at your pool for days/weeks if they weren´t paid out promptly. Also, I can watch repeated 'Last share submitted: now', or 'in 2 (3, 4.) seconds', and then my round share still stays at 0%.

That happens always seconds after a new block was found. Best Ubiq UBQ Mining Contract on this page. So is your pool 'swallow' submitted shares?

Obviously the Ethereum hard fork is irrelevant for ExpanseNo, obviously Expanse is irrelevant to the Ethereum hard fork. Don't try to divert hashpower from the really important ETC to irrelevant altcoins. I think now, when Poloniex listed Ethereum classic, it's quite probabe, that EthereumTheForked supporters will attempt to 51% attack ETC, therefore it's very important to make mining as user friendly as possible. Why am I here for instance? It's my 3'rd post at this forum. I'm here because Ethereum became a threat to the whole cryptocurrencies movement.

And I'm willing to donate my modest hashpower to protect ETC. I'd prefer not to mess with installing a client.

May I have a good&old mining pool where mined ETC accumulates in my account? So you suggest to mine directly to my Polo account? I beleive it's disadvantageous, because of several reasons. Just one of them: Polo may charge a fee for every deposit, and since all deposits are going to be small, the fee will constitute a major part of my income.

The surprise that Ethereum Classic (ETC) was born as part of the Ethereum Hard Fork (ETH) is somewhat digested. However why the price of ETC continues to rise is difficult to comprehend (at the time of writing the price of ETC is USD 2.70). ETC should theoretically behave like the dead skin dropped by a snake which does not require it anymore. Yes, in the past, there was a purpose to that skin, but like the growing snake requires a fresh and bigger skin in the future, the Ethereum ecosystem does as well.

ETC should remain as the past protocol, impaired by the DAO debacle. It is incapable of evolving, as chocked by the immutability and non-forking promise of its promotors. Like dead skin, it should be abandoned with good reason. Vitalik Buterin, even if the price of ETC overtakes the price of ETH. Based on, the Ethereum Foundation will focus its resources on the development of ETH as well. Subsequently, Vitalik received the backing of the who is who of the Ethereum Community. Just follow the replies of the Twitter links above or google 'I am working 100% on ETH' and complete your search by adding the name of your favourite Ethereum celebrity to confirm.

About every single project that matters in Ethereum's ecosystem seems to support and and will run on ETH. ETC will be left out. See this for a listing ETH supporting projects. Of course, projects and the respective might be copied to ETC. However, lag and friction are presets of such undertaking. As a result, ETC will always remain as the second best option vs.

And worse, for the future Dapps to run on ETC, ETC will have to implement the same updates like ETH, in order to enable and any other brilliant upgrade that waits for its invention. How can the immutability and non-forking promise be kept while ETC has to follow ETH by every upgrade step it takes? ETC goes currently for a high price for several reasons. ETC is still a pretty decent crypto asset compared to its current alternatives.

ETC is a neat trading opportunity and thus greatly pumped by traders. ETC is being held as a hedge for the phantasy that it could overtake ETH. Easy Litecoin LTC Mining on this page. However with the facts at hand, that is probably not going to happen.

More likely ETC will cripple and be abandoned like dead skin. Other crypto assets will evolve and overtake ETC, traders will dump it, and finally: the phantasy bursts.

What will matter in the future is ETH. The big problem ETH faces is govt regulation and govt mandated hardforks. Having done it once, it cant say it wont do it. Also any ETH tech is ETC tech, all this talk about ETC not having devs seems like saying LTC has no tech future. But LTC keeps on forking bitcoin and benefits from all the bitcoin devs. So ETC has a tech future, granted it is in a follower position, but at its marketcap it could easily hire devs for its own unique tech. Also, ETC is as profitable or a bit more profitable to mine than ETH, so they do.

Miners like money and if ETC gets them more money, they mine ETC. My prediction is that pareto effect will make one of them 80% and the other 20%. Not sure which one yet, ask me after the first govt 'request' for ETH to hardfork. The switch to PoS is due to the fact that PoW is unsustainable - those miners who have made massive investment in GPUs to-date are experiencing rapid diminishing returns with these DAG sizes - 'they may' swtich to ETC just to get a little more life out of their rigs, but there is no sense in them continuing to load up on hardware for ETH. ETC, if it has a future (which I doubt - it should not), will face the same need. Those serious folks who wish to use the technology are not going to go with a bunch of opportunistic malcontents, they will follow those that created the tech in the first place. There is very little chance that ETC will overtake ETH in its current state/price/etc, and def not in the future, as the most capable developers will be working on ETH, and it will be there where the real advancements are made.

ETC is a short-term novelty that some have made a decent profit pumping and trading, but its end is nigh. Vitalik Buterin confirmed via Twitter that he will work 100% on ETH and still won't support ETC, even if the price of ETC overtakes the price of ETH. One should take Vitalik's word with a grain of salt. If he were so anti-ETC, then foundation's ETC holding should have been dumped by now.

Many early ETH holders dumped their ETC for a few Satoshi because they believed foundation will put their money where their mouth is. But, that did not happen. Foundation is still holding ETC and thereby helping the ETC price to grow. I am not an expert on the matter. But I wonder how you know this? I read several articles that gave me the feeling there are people working on ETC with a lot of seriousness. Do you have a boll of glass that told you this, or are you just talking from what you wish that will happen?

I am not saying that ECT will become important or crash. But you state it like this is a given certainty. And I tend to disagree with your view.

Some people now just got the old ETH for free. They would be stupid to throw away such an opportunity by messing this one up. Vitalik is not the sole dictator of the blockchain, and that's the only reputable citation in this post. In fact, if anything, this post only gives Ethereum Classic more merit. Here, from Ethereum developer about immutability.By the way I had a false assumption about it too, it was a shocking experience for me to find out that some people inside the foundation actually support the idea of intervention. I thought we all agree that there should be no higher “justice” than the result of EVM execution and the “stolen” money is the rightful property of the “thief” and we should be proud of creating a system that can protect his/her property even amidst public outrage.

He had some insights on social contracts as well At this moment, interestingly, the** old “classic” chain is the one that already has a better human consensus** about this question. It’s the one that hasn’t been changed, but splitting off the majority of its value into a new chain changed its implied social contract. And then he wraps it up by basically negating the assumptions made in this steemit article P.S. It’s nice to see that the guys behind stand behind keeping the old chain alive, but let’s make it clear that we (the Ethereum developers) have never abandoned it. We never forked the chain.

We have implemented a switch in our client to give users a choice to fork if they want to and that’s all. The “Ethereum Classic” chain is just as much our child as the forked one and if both of them survive (which is the users’ choice, not ours), then I intend to take care of them equally in the future too. Aside: I don't care either way, but there's so much FUD propaganda against Ethereum Classic someone has to provide balance. ETC is just original ETH! The only difference is ETH is the clone coin with the bailout and all the bad investors that caused all these problems.

It is like if we hard forked BTC for the Finex hack, cloned BTC up, erased the hack, renamed the clone BTC, and then took your original BTC and said it is worthless BTX or something and sold it for nothing! And then we get all these people that are trying to convince us that something that they originally loved is junk, and the clone is better- Classic VS Weird Bailout Clone!

The more you say how bad it is the more it makes me want to buy! I too thought that Ethereum Classic wouldn't last long. But it looks to have staying power.

If there's one thing I've learned about investing in crypto, it's that you have to go with the flow and be flexible enough to recognize that the markets don't care about your opinion. The markets can stay irrational much longer than you can stay capitalized. I view the rise of ETC as basically the crypto equivalent of a stock split. ETH lost value in the split, but all ETH holders got free ETC, and the combined value of ETH+ETC has remained pretty consistent near the pre-fork price of ETH in BTC terms. So I think that's the proper way to value Ethereum going forward: you have to look at ETH+ETC as a whole. Anytime I buy ETH, I will also buy a matching amount of ETC. They are two faces of the same coin.

And just to be clear: I don't care one bit about the purist ideals of the people who kept ETC going after the fork. I just care that I can make money from it! If ETC overtakes ETH, great my ETC will be worth a lot. If it doesn't, then great my ETH will be worth a lot. If they both rise in value, great! It's a win-win situation. So keep calm and hodl on!