Ethereum Classic hardfork implemented

ECIP 1017 proposal for Ethereum Classic network implemented
12 December 2017   2799

At 11th of December, the Ethereum Classic hardfork implemented at block 5 000 000.

Thanks to the implementation of the ECIP 1017 proposal, the predicted total supply of crypto currency will be limited to 210 million coins (and not 230 million, as it was before). Decrease in supply will be achieved through the implementation of the deflationary model of monetary policy. The latter implies a 20% reduction in the reward for the block now, and then every subsequent 5,000,000 units extracted.

Currently, the production rate of 250,000 blocks is about 40 days. Thus, with the same level of network complexity, the next reduction of the award by 20% will be approximately in two years.

According to the developers of Ethereum Classic, such a monetary model is optimal, since it excludes uncertainty associated with "halves" and makes coin emission more stable. This, in their opinion, in the future should favorably affect the exchange value of the currency. to Mine ETH and ETC

New pool will support the mining with video cards and CPUs
30 August 2018   2049

Sponsored by the Chinese mining giant Bitmain, mining pool expands its service by adding the ability to mine Ethereum and Ethereum Classic, CoinDesk reports., which claims that its share accounted for 21% of all blocks of bitcoin mined last year, will add new functionality on its portal The service will allow the miners to switch their hash capacity from one pool to another, depending on what it seems most appropriate in a specific market environment.

According to the announcement, thus wants to "help Ethereum to scale its mining infrastructure".

GPU miners are versatile, still profitable and are not easily replaced in a bear market. It's common for miners to split investment into both. Also, there are already ASIC miners for ethereum and ethereum classic which are easier to set up and are dedicated to ethash mining. This will save us from supporting a huge list of GPU coins simultaneously.

Zhong Zhuang


Company note that the new pool will support the mining with video cards and CPUs, despite the fact that this year Bitmain released its own ASIC-miner, focused on the Ethereum.

In the future, may launch other mining pools targeting "popular coins", such as Litecoin, ZCash and Monero, but Zhuang refrained from more specific applications. Before any decision is taken, the company needs to evaluate the network of the cryptocurrency, the quality of its code, the roadmap and the volume of trades, he explained.