ETC - Mining Ethereum Classic Fork Mining Now while its hot

in #etc8 years ago (edited)

Hi all!
If you Like old Ethereum and mining this Coin, Dont miss this important Information!
Ethereum Classic is a project to keep the original censorship-resistant, immutable, decentralized Ethereum
Developers will be building on our immutable chain, are you ready? Code is law.

Ideology

We believe in decentralized, censorship-resistant, permissionless, IMMUTABLE blockchains. We believe in the original vision of Ethereum as a world computer you can't shut down, running irreversible smart contracts. We believe in a strong separation of concerns, where system forks are only possible in order to correct actual platform bugs, not to bail out failed contracts and special interests. We believe in censorship-resistant platform that can be actually trusted - by anyone. Code is law.

Goals

The main goal of the project is to ensure survival of the original Ethereum blockchain. We will strive to provide alternative for people who strongly disagree with DAO bailout and the direction Ethereum Foundation is taking their project. Anyone opting to remain on the original chain should have such opportunity.

What can I do?

Please help us spread the word about this project in Ethereum community!

Miners

Miners supporting the original chain should just keep mining with current version of software for now, without upgrading to client version introducing the hardfork code. It will be always possible to download and build latest non-fork version from

The difficulty of the original chain will be quite high post-fork, but it will adjust to actual hashrate shortly (just 2048 blocks, a few hours). Since it is expected that most hashrate will move to hardfoked chain, post-adjustment it will be possible to obtain decent mining rewards in classic ethers even with solo mining.

Because the difficulty adjusts quickly, it will be also quite possible to solo mine soon after the fork. If you intend to mine Ethereum Classic, please don't upgrade to geth 1.4.10 just yet, due to potential vulnerability. We will inform you when it's safe to upgrade. For now, just solo-mine with geth 1.4.9 or any earlier version, or use Classic pool.
http://ethc.epool.io (support thread)
http://pool.ethereumclassic.com
http://etc.nanopool.org
https://etcpool.io
https://etc.suprnova.cc
Additional info on solo mining and more mining tips.

Traders

Most important question for traders is 'will ETC have market price'? There are all reasons to believe that it will. Essentially, ETC is an Ethereum 'spinoff coin' with a wide user base of all current ETH users. Some of them will see the value of transacting on a censorship-resistant chain, some won't. This creates interesting arbitrage opportunities for smart traders. Additional reasoning why ETC is very unlikely to be 'worthless'.

All the major exchanges announced that they will assign their users both ETH and ETC after the fork. This is a step in the right direction, now it's up to these major exchanges to enable ETH/ETC trading that will no doubt be demanded by users. Decentralized exchange Bitsquare started ETC trading right after the fork. Other trading venues will follow since there is a strong business case. We are in touch with several other exchanges to add ETC trading to their platforms. If your exchange is interested in ETC trading, please contact us.
Dont miss your Profit! Join our Old Ethereum Team!
p.s i have just already there:

My small Nvidia Rig - GTX 970+GTX 960

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