Hackers stole 300 000 $ from Ethereum Classic Wallet

Deplorable results of the recent hack of the popular crypto currency
03 July 2017   1632
Ethereum Classic

A continuation of the original Ethereum blockchain - the classic version preserving untampered history
 

Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

On 30th of June unknown hackers hijacked Classic Ether Wallet, which is one of the most popular ETC wallets. As IBTimes reports, hackers deceit forced the 1on1 hosting provider support to transfer control over the domain to them. 

Only after few hours ETC team discovered about the issue. They recommend not to use the wallet immediately.

The hackers' wallets were published by the victims at Reddit. So, in one of the cases, the amount of damage was 800 ETC ($ 14.5 thousand), in the other - 201 ETC ($ 3.6 thousand). In total, the attackers stole about $ 300,000.

To prevent further attacks, the ETC developers brought the domain to the Cloudflare black list, and a threat notification appeared on the site.

BTC.com to Mine ETH and ETC

New pool will support the mining with video cards and CPUs
30 August 2018   1044

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.