Ethereum Classic new monetary policy to be launched

Hours are left until the launch of a new monetary policy of Ethereum Classic which will be implemented on December 11
11 December 2017   4556

As we have reported earlier Ethereum Classic will have a protocol level upgrade ECIP-2017 which is designed to the stabilize the coin supply. At first, the new monetary policy was sceduled for December 12, but it will actually be launched on December 11, 2017.

At the moment of press, these are main market parameters of Ethereum Classic:

  • Average price: $29.21
  • Marketcap: $2 871 096 899
  • 24h volume: $438 839 000 to Mine ETH and ETC

New pool will support the mining with video cards and CPUs
30 August 2018   1805

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.