New milestone for the Ethereum pool, ETC Network protection, Ravencoin security audit, Ethash ASIC problems, multiple miner updates.
Cryptocurrency mining explained in plain words: mining software and hardware reviews including ASIC and GPU. Expert opinion on cryptocurrency market and future crypto mining outlook.
Mid-2020 wasn’t the best time for Ethereum Classic. The network suffered from several 51% attacks in August and September. As a result, miners lost a lot of their earnings. ETC took action by decreasing the DAG file size. This way, even 3GB GPUs can mine ETC and the hash rate is significantly higher. But this is not the only positive change. Let’s see what to expect from ETC in the future.
The popular Claymore’s miner will stop mining Ethereum Classic and Ethereum soon. We tested popular alternatives for the Ethash algorithm. 2Miners launched the test pool and experimented with the AMD and Nvidia graphics cards.
The end of 2020 is complicated for Ethereum miners. Starting from epoch 382 (December 16), all 4GB GPUs will stop mining the cryptocurrency. The problem is the gradually increasing DAG file size. Luckily, the developers are working hard to find a solution, and they already have one.
August 2020 hit Ethereum Classic quite hard. The cryptocurrency network has suffered from the big 51% attack more than once. Because of the attack and massive split, miners have wasted money and multiple hours of work. The developers have taken action. One of the solutions is to decrease the DAG file size, which will allow using old 3 GB GPUs for mining. Let’s get into it.
Ethereum Classic network has experienced two 51% attacks last month causing serious consequences: 6 500 blocks declined, miners and mining pools have lost at least 1 complete day of work, exchanges have lost more than $5.6 million due to the double-spend. Recently ETC developers have released a Network Security Plan which aims to protect the coin in the future. In this post, we express our views on the Ethereum Classic problem.
Many cryptocurrencies follow the Bitcoin model offering the possibility to store and transfer value. Others follow the Ethereum example and go further. They become a global platform for decentralized apps and smart contracts. Cortex chose a different path. The developers decided to combine blockchain with artificial intelligence and machine learning. Let’s talk about the cryptocurrency and its mining in the 2Miners pool.