Ethereum Classic (ETC) is a cryptocurrency and blockchain platform, a fork of Ethereum, which also provides the ability to launch decentralized applications and smart contracts. ETC operates on a Proof-of-Work consensus mechanism, on its own Etchash algorithm (similar to Ethash), which is ASIC-resistant. In August 2020, the network suffered a major 51% attack, after which the developers took action and reduced the size of the DAG file so that users could use video cards with a memory of 3 GB or more for mining.
In this article, the editors of Profinvestment.com will analyze the best ETC mining pools relevant in 2023. A pool is a service that brings together miners from all over the world for a more stable income than in solo mining.
Name | Cryptocurrencies | Commissions | Site |
---|---|---|---|
Binance Pool | ETH, BTC, BCH, LTC, ETC | up to 2.5% | https://pool.binance.com/ |
Ethermine | ETC, ETH, ZEC, BEAM, RVN, ERG | 1 % | https://ethermine.org/ |
2miners | ETC and 17+ more coins | 1 % | https://eth.2miners.com/ |
Hiveon | ETH и ETC | 0 % | https://hiveon.net/ |
F2Pool | About 20 coins including ETC | 1% to 5% | https://www.f2pool.com/ |
Nanopool | ETC and 6+ more coins | 1 % | https://eth.nanopool.org/ |
Cellphone | ETC and 7+ more coins | from 0.5 to 3 % | https://www.kelepool.com/ |
Ezil | ETH, ETC, ZIL | 1 % | https://ezil.me/ |
MiningPoolHub | ETC and 30+ coins | 0,9 % | https://ethereum.miningpoolhub.com/ |
Pool | ETC and 10+ coins | from 0 to 4% | https://hiveon.net/ |
Let’s take a closer look at the features of the pools listed above.
Binance Pool
The pool was launched in 2020 within the Binance ecosystem and allows you to mine the following cryptocurrencies:
The pool’s basic commission is 2.5% of earnings. Binance Pool calculates and accrues mining income once a day. It is possible to create a link for a watcher – that is, an observer who can observe the mining performance without being able to make any changes to the process.
Go to the site: https://ethermine.org/
The pool is one of the most popular and makes it possible to mine the following coins:
In addition, the project launched a staking pool for Ethereum 2.0. The project provides detailed statistics about the mining process, the general state of the network: difficulty level, luck, average round time, etc. The service has an API and provides instant payments to user wallets.
Go to the site: https://eth.2miners.com/
Cryptocurrencies available for mining within this pool:
One of the most functional, as well as profitable, mining pools for GPUs and ASICs. Provides reliable servers in the US, Asia and Europe, equipped with protection against DDoS attacks. There is training, full Nicehash support (2Miners is officially recommended by the Nicehash platform). Regardless of the number of pieces of equipment, you can connect notifications in Telegram or by email.
Go to the site: https://hiveon.net/
The service is intended for mining:
Created by the developers of the HiveOS management and monitoring system. One of its significant advantages is the absence of commissions. Also, when mining a block, miners receive not only a network reward, but also transaction fees. The pool offers daily payouts to users, the minimum withdrawal amount is 1 ETC or 0.1 ETH.
Go to the site: https://www.f2pool.com/
The pool provides the opportunity to mine quite a few popular coins, including:
F2Pool is a well-known and internationally recognized mining platform; was launched in 2013 in Beijing and over time entered the top 5 pools, and also expanded to other territories. F2Pool is quite technologically advanced, uses modern security measures for users, and has a multilingual user interface.
Go to the site: https://eth.nanopool.org/
Nanopool is a pool for collective cryptocurrency mining, operating since 2015. Available coins:
Specializes in cryptocurrencies, the complexity of which allows them to be mined using video cards; At the same time, different mining options are available, including dual mining and solo. Thus, both miners with large farms and those who use only one graphics card can find their “place in the sun”.
Go to the site: https://www.kelepool.com/
Kelepool is a pool operating in Hong Kong that allows you to mine the following coins:
Supports a large number of powerful servers to host nodes, in addition, it can use carrier-grade data centers to provide high-speed and stable throughput. Provides a powerful hybrid monitoring system.
Go to the site: https://ezil.me/
The Ezil mining pool is designed for mining:
The Ezil pool works as follows: at the beginning of each cycle, ETH or ETC is mined, and then Zilliqa coin. Thus, every 1-2 hours the pool automatically switches to ZIL, then returns to ETC or ETH. This provides additional income. However, it is possible to disable this feature and mine purely ETC/ETH. Rewards are distributed every 30 minutes.
Go to the site: https://ethereum.miningpoolhub.com/
The service supports many algorithms and cryptocurrencies for mining, including:
One of the best platforms for mining altcoins using the PoW algorithm. Works with coins that are mined on any device: processors, video cards, ASIC. Charges a commission of 0.9% of earnings. The block reward is distributed depending on the number of shares (share) and the difficulty of mining in the last 30 minutes.
Go to the site: https://hiveon.net/
Poolin allows you to mine efficiently:
Poolin is known for striving to optimize miners’ resources to provide them with stable and high profits. The Poolin team has participated in various international conferences, such as Bitcoin 2019, and also initiated a mining summit itself. The pool has a very loyal commission rate and auxiliary bonuses, for example, unification of mining of some currencies.
There are over fifteen ways that pools distribute rewards among miners to make it as fair as possible. However, the vast majority of pools operate on a PPS, FPPS or PPLNS basis.
The most significant advantage of PPS and FPPS over PPLNS is that you earn regardless of whether the pool finds a block.
The quality of the pool largely determines the profitability, stability and comfort of Ethereum Classic mining.
We can distinguish the following criteria by which the performance of a mining pool is determined:
Also, of course, the interface and ease of setting up the service are important. A beginner who sets the wrong settings can lose money. Some services allow you to set the optimal options automatically.
Let’s briefly talk about how to mine Ethereum Classic.
You don’t need an ASIC to mine ETC, but you won’t need a processor. The best option is video cards. You can find the best options in terms of profitability using mining calculators. For example, a link to current calculations for Ethereum Classic on the Minerstat website.
Next you need to get the wallet address.
Examples of wallets for ETC:
The address in the wallet can be found by going to the “Receive” section or similar.
The next step is mining software. In the case of ETC, GMiner or NBMiner are often used. After installing the program, you need to find its start file and replace the commands in it with those provided by the pool (find instructions on the website of the pool you have chosen).
After this, all that remains is to run the modified program file for mining to begin.
Blockchain platform, a fork of the Ethereum blockchain, its classic version – while the main Ethereum is a modified version after a rollback due to hacking in 2016.
Etchash, similar to Ethash used in Ethereum, but with differences.
The optimal choice is graphics cards (GPU).
A service through which miners combine their efforts to mine cryptocurrency. This option provides a more stable income than going it alone.
It is necessary to take into account the pool’s payout distribution scheme, its commissions, ease of setup, supported coins, and algorithms.
A method for distributing rewards for a mined block among connected miners by the pool.
For this, there are special mining calculators that allow you to conveniently do this based on the data that is available at the current moment in time.
Ethereum Classic is one of the coins that is still able to generate mining profits, even after taking into account electricity costs and pool fees. The network is not too demanding on equipment and allows you to start earning money with a relatively small investment. To increase profits, you can use programs and pools that make it possible to mine two cryptocurrencies at the same time – ETC and some other one. Detailed instructions for setting up the software for a specific mining pool are always provided on the website of the pool itself.
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