Monday, August 15, 2022
HomeEthereumEthereum Mining Firm Launches ETC Mining Software; Weekly ETC Price Surges 54%

Ethereum Mining Firm Launches ETC Mining Software; Weekly ETC Price Surges 54%

As reported by Collin Wu, an Ethereum mining machine producer Innosilicon has launched ETC firmware for A10pro 500M and A10pro 720M servers, which can be utilized for ETC mining. The ETC firmware for the A11 is at present beneath growth.

A translation of the official announcement reads: “Based mostly on the longer term Ethereum consensus mechanism (algorithm) POW to POS scenario, on the request of our prospects, we have now developed the ETC firmware for A10pro 500M and A10pro 720M servers, which have handed the check and are publicly launched right here for the comfort of buyer.”

Ethereum Basic will proceed to make use of the proof-of-work (PoW) consensus even whereas the Ethereum community works to modify to a proof-of-stake (PoS) protocol. With PoS, Ethereum will essentially alter its block validation and the creation of latest Ethereum (ETH). It will make it pointless to wish particular mining tools and firmware.

Nonetheless, Ethereum Basic will maintain utilizing rigs and firmware to mine its native cryptocurrency, ETC.


Ethereum Basic value climbs 54% weekly

On the time of publication, Ethereum Basic was altering arms at $39.85, down 4.84% within the final 24 hours and up 54% because the previous week. The weekly positive aspects as in comparison with the remainder of the highest 20 have been partly pushed by hypothesis that ETH miners may change to ETC within the occasion of the “Merge.”

In gentle of all of the current consideration ETC seems to be receiving, AntPool, the mining pool related to the mining rig behemoth, Bitmain, disclosed investing an preliminary $10 million to advertise the Ethereum Basic ecosystem. It claims that this was carried out to advance community efficiency in addition to to discover and develop apps for the Ethereum Basic mainnet. Bitmain additionally lately disclosed that it will begin taking ETC for all of its Antminer fashions.

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