Ethereum Classic is an open, decentralized, and permissionless public blockchain, that aims to fulfill the original promise of Ethereum, as a platform where smart contracts are free from third-party interference. ETC prioritizes trust-minimization, network security, and integrity. All network upgrades are non-contentious with the aim to fix critical issues or to add value with newly proposed features; never to create new tokens, or to bail out flawed smart contracts and their interest groups.
On October 6, the hash rate of the Ethereum network reached an all-time high of more than 250 terahashes per second, which is 80% higher than the levels in January. Glassnode noted that this was facilitated by a surge in hype around DeFi projects, which caused an increase in gas prices. Last time such a high hash rate was in the summer of 2018, then ETH was also trading slightly above the $400 mark. In addition, mining ethereum is now three times more profitable than bitcoin. According to the F2Pool mining pool, owners of Antminer S19 Pro devices can earn $4.33 per day, while ETH miners using NVIDIA GTX Titan V cards can expect to earn $15.56.
The Decentralised Finance narrative appears to have buttressed Ethereum network activity as miners pile in to push the network's hashrate to all time highs above 260 TH/s! (x-post from /r/Cryptocurrency)
Ethereum hashrate is a calculated numerical value that specifies an estimate of how many hashes are being generated by Ethereum miners trying to solve the current Ethereum block or any given block. Ethereum hashrate is represented in Hashes per Second or H/s. Ethereum Classic network hashrate reflects the overall performance of all miners in the etc network. Currently, Ethereum Classic network hashrate is 3.33 TH/s = 3 327 846 592 032 h/s. Network hashrate is calculated using the current network difficulty, the average block find time set by the cryptocurrency network and/or the effective block find ... It’s possible you could mine Ethereum, Monero, Zcash, Grin and many other coins with the same GPU. Top GPUs. Model / memory Coin Algorithm Hash rate Monthly revenue; AMD Radeon VII / 16 GB: Ethereum: Ethash: 84.6 Mh/s: $65.65: AMD Radeon RX 5700 XT / 8 GB: Ethereum Classic: Ethash: 70.7 Mh/s: $63.17: AMD Radeon VII / Ethereum Classic: Based the mining hardware inputs provided, 0.02660156 Ethereum can be mined per day with a Ethereum mining hashrate of 500.00 MH/s, a block reward of 2 ETH, and a Ethereum difficulty of 3,247,929,216,134,699.00. After deducting mining power costs and mining fees, the final daily Ethereum mining profit is $6.71 Ethereum to USD. Ethereum is trading at $338 at press time, according to CoinGecko. According to crypto analytics firm Glassnode, the number of addresses holding at least 0.01 Ether (ETH) has reached a new all-time high, at 10,116,076. As the number of new users on the network has been steadily increasing, ...
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