In the very recent past, Ethereum mining with a GPU could be a very profitable venture.
But how do you get started with Ethereum Classic Mining?
What Is Ethereum Classic (ETC)?
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Ethereum Classic is a decentralized blockchain platform with smart contract functionality.
As you may have guessed, the native coin of Ethereum Classic is ETC.
Like many other cryptocurrencies, Ethereum Classic can be mined, but there are certain things to consider beforehand.
Mining hardware can range from relatively cheap to incredibly expensive.
The long-term costs associated with crypto mining mostly relate to the electricity required for mining.
You should also note that crypto mining isn’t a guaranteed win for everyone.
This is a particular problem in Bitcoin mining, wherein only powerful ASICs can be used to mine successfully.
It’s important to keep all these factors in mind before you dive in out on your mining venture.
Mining pools involve many miners pooling hash power to increase the chance of mining a block.
Mining pools also charge fees for being a member, though these vary from pool to pool.
Now, let’s get into Ethereum Classic mining hardware.
Hardware
you’ve got the option to mine Ethereum Classic using either a GPU or ASIC miner.
GPUmining rigscan also be used.
ASICs can also vary widely in price depending on the model and its condition.
But on the other hand, ASICs struggled to continue mining profitably with the Ethash algorithm after the fork.
But this doesn’t meanASIC miningisn’t possible for Ethereum Classic.
This graphics card can reach a hash rate of 60MH/s, with a 200W power consumption.
This model can reach a hash rate of 47MH/s, with a power output of 230W.
This ASIC has taken theBitcoin miningindustry by storm and could prove invaluable in your Ethereum Classic mining venture.
With a maximum hash rate of 110Th/s, there’s no doubt that this piece of hardware is powerful.
But don’t forget that ASICs are very energy-intensive.
WhatsMiner M30S++ (ASIC)
TheWhatsMiner M30S++is another great option for Ethereum Classic mining.
Software
Software is another vital element of crypto mining.
Different crypto mining programs have different pros and cons, and not all programs are suited to all coins.
So, let’s take a look at the two best mining programs for Ethereum Classic.
GMiner
GMiner is a well-known crypto mining program with over 600,000 daily users.
GMiner is designed for a range of different coins, including Ethereum Classic.
This software also supports various mining algorithms, including Ethash, ProgPoW, and Equihash.
GMiner provides users with various overclocking statistics, as well as temperature control to prevent hardware from overheating.
NBMiner
NBMiner is another favorite among Ethereum Classic miners, with over 700,000 daily users.
NBMiner supports a range of different cryptocurrencies, as well as various mining algorithms.
The program also provides users with a secure SSL connection to mining pools.
