Ethereum Classic will undergo a hardfork?

Ethereum Classic cryptocurrency will undergo the upgrade of the protocol level on December 12 due to the adoption of a new monetry policy
28 November 2017   11066

Ethereum Classic will have a protocol level upgrade ECIP-2017 which is aimed at the stabilisation of the coin supply and considered as a hardfork of the coin. It is planned to go live on December 12.

At it is stated on the official ECIP-2017 website  the reason for a new network split is that the community needs to adopt a monetary policy that balances the long-term interests of investors, developers, and business operators. Ethereum Classic Improvement Proposals (ECIPs) are technical write-ups that describe suggested changes to the Ethereum Protocol.

The block reward will be reduced by 20% at block number 5,000,000, and another 20% every 5,000,000 blocks thereafter. Uncle block rewards will also be reduced. Due to variations in the reward rate of ETC, the total supply is planned to be approximately 210 million ETC, not to exceed 230 million ETC.

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

  • Average price: $33.61
  • Marketcap: $3,289,165,691  
  • 24h volume: $1,671,850,000

BTC.com to Mine ETH and ETC

New pool will support the mining with video cards and CPUs
30 August 2018   527

Sponsored by the Chinese mining giant Bitmain, BTC.com mining pool expands its service by adding the ability to mine Ethereum and Ethereum Classic, CoinDesk reports.

BTC.com, which claims that its share accounted for 21% of all blocks of bitcoin mined last year, will add new functionality on its portal pool.btc.com. 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 BTC.com 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

Bitman

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, BTC.com 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.