Ethereum classic usb miner

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This is almost half of that for the hashpower required to breakeven on Ethereum. Given that they are both mined with the Etash mining algorithm, it is a no-brainer where you will turn your hashing power at.

It also supports dual mining, so when you become more experienced you can dual mine Ethereum Classic and Siacoin or Decred among others. This is the easiest solution, but also gives the lowest returns. Plus Nanopool is one of the most popular mining pools, with global servers and enough history that I know they are trustworthy.

First head over to Nanopool. When you click the appropriate button it will take you to GitHub to download the mining software. We will take a look at mining with both the Finminer and Claymore although the latter is preferred. Using the Claymore Miner Once you have downloaded the Claymore files and unzipped them, you need to generate a configuration file to run it. There are a number of online tools that will help you to do this although conveniently, Nanopool has one as well.

You can now go back to the Nanopool Quick Start menu and click the button under step 3 to generate your config file. This is the file that starts the miner and specifies the various parameters such as the server to connect to, and what Ethereum Classic address to send earnings to, and what address to send secondary earnings Siacoin or PascalCoin to. Ethereum Classic Claymore Configuration Note that the secondary wallet field is mandatory, so you will need to choose either SiaCoin or PascalCoin and generate a wallet address.

That could mean you need to download and install a SiaCoin or PascalCoin wallet. Once you click the Generate button another. You need to download this. Claymore miner hashing for ETC in Command line. Image Source The miner will go through several steps verifying the parameters and will then launch the mining software. Much like with Claymore, you must download the.

The information may be different when reading this, so it is better to compare the current knowledge on WhatToMine. Why are Ethereum Classic miners important? Miners secure blockchain networks, and they also help them become more decentralized.

How do miners secure blockchain networks? An attacker needs to spend the same digital asset more than once for a double-spend attack to occur. The act also occurs when an attacker steals funds or spends what has already been spent on the blockchain network. Double-spending usually occurs in smaller blockchain networks with little computing power or hash rate. To prevent double-spending on blockchain networks there is the need for a distributed network of miners.

Ethereum Classic miners work together to detect valid transactions and disregard unverified ones. The incentives issued to miners help compensate and motivate them to continue mining to secure the blockchain network. What do you need to mine Ethereum Classic? Source: NotebookCheck 1. Keep an ETC wallet handy to store your tokens. Mining Ethereum Classic involves the same process as you mine other PoW coins.

There are certain things you need in mining Ethereum Classic. To begin with, you need a wallet to store your Ethereum Classic tokens. For this article, we recommend Exodus Wallet or Cobo Wallet. It is essential to know that you can also use a hardware wallet to store your ETC tokens.

Set up the hardware for mining. Furthermore, you will need hardware for mining. CPUs are obsolete. You will need Nvidia graphics cards such as the and i. Choose a mining software. Furthermore, it would help if you also had mining software. These software miners support dual mining. Another mining software that you can use is Ethminer.