How to mine Ethereum Classic on a video card

What is Ethereum Classic

This is a fork of regular Ether, which was formed several years ago, due to the disagreement of many people with the Dao hard fork.
Ethereum Classic is the same blockchain as its “father”; it is a large virtual machine that supports applications with smart contracts (transactions). Ether classic represents the same ordinary Ether in 2016-2017. It is characterized by the possibility of mining on graphics accelerators, there is protection against ASICs, the difficulty bomb is remote, and the small size of the DAG file.

ETC rate and mining relevance

While Vitalik Buterin is thinking about how else to update his Ethereum, squeeze the miners and untie the hands of the coin validators, while he scares everyone with the difficulty bomb and the transition to PoS, large miners and traders have forgotten the ETC rate this spring. They not only showed many people the way to escape in case of a “fire”, but also gave people with old AMD RX 4 GB and Nvidia 1060 3 GB video cards the opportunity to return to normal earnings. The income of such miners depended entirely on the production of the RVN cryptocurrency, now there is a choice.

If we turn to the Whattomine portal, we can see that ETC is higher in profit than RVN on the most profitable and oldest Nvidia 1060 3 GB video cards.

If we take the people's favorite AMD RX 580, but with 4 gigabytes of RAM, we will see a similar picture.

It is more profitable to mine ETH on the eight gigabyte version of the RX 580.

Setting up the miner for each video card individually

When using different video cards for the mining system, it is possible to set individual settings for each of them. Processes are numbered in systems starting from 0. If the system contains processors 0,1,2,3, then all of them, not counting the last one, need to be configured for mining. We set parameters for devices in this way:

The sequence of devices determines the order of the displayed hashrate. If it's configured like this:

devices=3,1,0

in the hashrate line, GPU3 will be first, then GPU1 and GPU0.

Ethereum Class (ETC) Mining Difficulty Calculator

For those who want to find out whether their video card can handle mining this asset, there are a number of Ethereum classic (ETC) mining difficulty calculators. Finding them through search engines is not difficult.

We can recommend using the Minerstat project. Calculation based on it takes just 7 simple steps:

1. Go to the “ETC Calculator” section.
2. Enter the hashrate of the video cards.
3. We indicate energy consumption.
4. We fix the pool commission indicator.
5. Select the currency for calculations.
6. We enter energy costs.
7. Click on the “Calculate” item.

Alternative options may also include the following calculators: What To Mine, Profit-mine, Coincalculators, 2CryptoCalc. The latter’s website has a convenient selection with built-in parameters for the most popular video cards.

Read more: Calculators for calculating the profitability of cryptocurrency mining

Which mining pool to choose?

Before you make your choice, compare the pools you like according to some parameters:

• pool power - new pools that have not yet reached the required capacity will not be able to offer you decent profits, determine the best options for yourself, study analyst ratings, find statistics on pool performance, for example here BTC.com or here Blockchain.info.
• Evaluate your own equipment - perhaps you need to increase the performance of your video card, and then mining will not be such a profitable activity. If you mine with old equipment, the profit will not even cover the cost of electricity,
• method of sharing profits - most often, the income from solving blocks is divided in proportion to the contribution of the participants; if you cannot make a significant contribution, then an equal distribution will be more profitable,
• payments - find out if it is possible to withdraw the mined money to a card or e-wallet, as well as the commission percentage of the service.

How to mine Ethereum classic on a computer

For those looking for information on how to mine on a computer, Ethereum Classic may be one of the most convenient and promising options. Its algorithm allows the use of the most average computers by modern standards for mining.

The main system requirements will be:

• availability of a video card from NVIDIA or AMD with RAM from 3 GB;
• Windows or Linux operating system;
• the ability to install a swap file of 5 GB for a video card;
• the ability to install special software for mining.

You will need to create your own ETC wallet with a unique address. It will receive profits from mining. For this, both storage with a full blockchain (Ethereum Classic Full Node Wallet) and analogues are suitable:

• wallet on the website of a cryptocurrency exchanger (for example, Matbea platform);
• wallet on the exchange website;
• mobile wallet.

Programs for Ethereum Classic (ETC) mining

The list of popular and generally accepted programs includes the following programs for mining Ethereum Classic (ETC):

1. Phoenix Miner - miner etc (used for both AMD and NVidia video cards).
2. T-Rex Miner - miner for Ethereum Classic (suitable for NVidia).
3. Gminer (universal for two types of video cards).
4. LolMiner (another all-rounder).
5. NBMiner (NVidia and AMD).

After installation, any of these programs will need to be modified to mine as part of one of the pools. Edits will need to be made to a file like “start_miner.bat” (batch file).

Recommendations for creating or editing a body file can be found on the etc pool mining websites. The changes will concern the correct addition of your own wallet address. The rest of the information can simply be copied from the example.

Principles of creating but files for a miner

Body file for mining ether under Ethereum

In the program, look for and open the start.bat file using notepad.

We use the standard scheme to create:

helper_scripts/cmdline_launcher -algo ethash65 -coin eth0 –pool ethash.poolbinance77.com:8888 -wallet username2 -rigName RIG_ID3

pause

helper_scripts/cmdline_launcher – this line does not change

Ethash65 – coin mining algorithm

Eth0 – is a ticker

ethash.poolbinance77.com:8888 – pool and port

username2 - login

Save. Then open the already edited file in the program and run the program.

How to set up a body file for Phoenix Miner

Phoenix Mayer is a fairly common mining program and Mayer's body file can be downloaded on the Internet, but if you want to get confused, then create a but file using a standard script:

helper_scripts/cmdline_launcher -algo ethash65 -coin eth0 -pool1 ethash.poolbinance77.com:8888 -wallet username2 -rigName RIG_ID3

pause

helper_scripts/cmdline_launcher – this line does not change

Ethash65 – coin mining algorithm

Eth0 – is a ticker

ethash.poolbinance77.com:8888 – pool and port

username2 - login

How to set up a batch file for cia mining

To configure, follow this script:

.\chia_plot.exe – t D:\ChiaTemp\ -2

G^\ChiaTemp2\ -DF^\ChiaPlots\ -r

16 –u 64 –n 18

How to register a binance pool body file

We open the mining program, look for a batch file, open it and start editing, using the example of the standard scheme given earlier.

helper_scripts/cmdline_launcher -algo ethash65 -coin eth0 -pool1 ethash.poolbinance77.com:8888 -wallet username2 -rigName RIG_ID3

helper_scripts/cmdline_launcher – this line does not change

Ethash65 – coin mining algorithm

Eth0 - ticker

ethash.poolbinance77.com:8888 – pool and port

username2 - login

Save. Then open the already edited file in the program and run the program.

How to set up mining for nicehash

Download the mining program and run it. Find the but file and open it in a text editor, configure it according to the standard scheme.

Setting up a bat file for mining in ergo

To edit the bat file for mining, I use the Team Red Miner program.

I launch the program, look for a batch file and change it using the standard scheme.

Setting up kawpow raveneoin for mining via but

We find the file with the but extension in the program, open it in a text editor and change it according to the example presented below.

Kawpowminer-UP stratum+tcp^//3HHG3zpxP4AmbKDR9iRy1c2bg

Ab4WKnNwm32 – your wallet

Kawpowen66 – full and port

How to make a batch file for mining in monero

We find the miner’s body file in the program and edit it in a text editor, based on the example below.

Xmr8 – stak/exe -0 0xmr – eu.dwarfpool.com^8050 – u98.766

4ALcw9nTAStZSshowVUJAK74hfjtuek84739Jfthkljhj

Hu5GFY989hhulmDG8NGYUuk980kree63jdShJlJYwe.rig1 – p

Advantages and Disadvantages of Ethereum Classic

Ethereum Classic (ETC) cryptocurrency: mining features

Ethereum Classic, like regular Ethereum, runs on the Dagger-Hashimoto (Ethash) algorithm. AMD and Nvidia video cards (GPU) of 3-4 GB and higher, as well as special Asic, are suitable for mining. You can mine Ethereum Classic using the power of a PC without assembling large farms and significant energy costs.

Mining Ethereum Classic offers various pools - associations of miners into one network:

• Nanopool;
• 2miners;
• Hiveon;
• EthTeam;
• F2Pool;
• Gpuminer;
• ViaBTC;
• Digger;
• MinerGate.

When choosing etc pool mining, you need to pay attention to the amount of computing power in the Ethereum Classic network and miners. The more people mine Ethereum Classic in a pool, the faster the search for the required block, and the more productive the work process.

Ethereum Classic mining is profitable because the network hashrate is lower than Ethereum. You can calculate the profitability of Ether Classic mining using any mining calculator.

Rating of the TOP 10 most powerful mining pools

Let's look at the largest and most common mining pools in 2022.

1. Binance Mining Pool - the pool is owned by the world's largest crypto exchange Binance, which guarantees reliable operation and stability of payments to miners. The pool combines services for mining and staking cryptocurrencies. Read more about setting up a pool here.
2. EMCD is a mining pool from EMCD Tech. Mining pool EMCD is one of the largest pools in the CIS and Eastern Europe. The reward system is FPPS+. From March 17, 2022, a commission of 1.5% was introduced on the pool for all coins. Daily automatic withdrawal of funds. In addition to BTC, you can mine BSV, BCH, LTC, ETH, ETC, Dash on the pool. There are convenient applications for iOS, Android and 24/7 user support.
3. Miningrigrentals – This English-language resource seems to have no flaws. The service offers miners to rent “drilling rigs” and mine bitcoins with their help. The service appeared recently - in 2014, however, it has already managed to win the gratitude of miners from all over the world. Statistics available to every user, as well as a small commission, make this service very attractive to miners.
4. Minergate is a pool with great power. On it you can mine not only bitcoins, but also other types of cryptocurrencies, for example, etherium, dash. Working with the service is very convenient: the program is installed on your PC and automatically mines currency. Everything you have mined can be withdrawn to an exchange or personal wallet. Service commission 1.5% of the amount.
5. Zpool is an American mining service. Withdrawal only works in Bitcoin. Exchange operations occur automatically, which is very convenient, especially for novice miners. The service script is unique. And yes, by the way, you don’t need to register on it.
6. BitClub Network is a project that, like Mininggrirentals, started in 2014. The organization was created by enterprising people with a passion for mining. The service works mainly with Bitcoin; you can also mine currencies - ETH, ETC, ZEC, XMR. BitClub Network (bitclub network) positions itself as an investment project. There are two plans - for 1 and 2 thousand days (note: during this time new shares will be mined in the same volume, maybe more - the process is lifelong), registration is free, membership fee is $99. Returns historically range from 80–120%. Pool works stably and does not allow interruptions in its activities.
7. F2Pool (Discus fish) is a Chinese service, operating since 2013, the only one that practices the PPS payment system. This resource currently holds about 1/5 of the entire network hashrate. The service recommends immediately withdrawing money from your accounts, since everything that remains there after 90 days goes to the development of the pool. )
8. AntPool is also Chinese with a power comparable to that of F2Pool (18% hashrate). There is a choice of Russian-language interface. It uses different payment systems, it is possible to withdraw your earnings without any commission.
9. BTC China - this Chinese service does not have a Russian interface, the ability to use the English language is limited, so it is not very popular, despite its 10-12% hashrate.
10. BW pool is a Chinese project, with its help you can mine bitcoins, holds up to 9% of the network power. Profit is paid using the PPLNS system, without commission.

Ethereum Classic: cryptocurrency forecasts

Ethereum Classic developers are optimistic in their forecasts. Despite the fact that the reputation of the blockchain has suffered significantly due to hacker attacks on the blockchain, the network shows stability and positive development dynamics. The main question is the further security of the project: if teams can secure the blockchain and attract dApps creators, the network will develop.

Ethereum Classic price chart

The value of the coin is growing quite steadily, experiencing, like others, minor corrections. Why Ethereum Classic has grown:

• the crypto market is in a bullish trend - many coins are growing;
• Ethereum's plans to switch to the Proof-of-Stake algorithm encourage miners to pay attention to other promising coins that can be mined further, and in the case of Ethereum Classic, the profitability may be lower, but more stable;
• faith of crypto enthusiasts in the project and support from major players;
• limited maximum supply implies further price increases;
• increasing the number of developers and traders;
• stability and reliability of the coin.

What will happen to ETH miners after the transition to Ethereum 2.0

Developers are faced with the challenge of changing the network's consensus protocol from proof-of-work (PoW) to proof-of-stake (PoS). As a result, the network will require much less power and will also become more scalable and faster. The security of Ethereum 2.0 will be maintained by validators who stake their tokens. Due to its own financial risks, it will not be profitable for the validator to harm the network.

When the current PoW chain merges with the Beacon Chain - an already running PoS chain - this will mark the full launch of Ethereum 2.0. This could happen before the end of 2022. Ethereum developer Tim Beiko advises miners to gradually complete the process now. Experts are considering strategies for a gradual exit, with the transition to cryptocurrencies such as Ethereum Classic or Ravencoin.

Already, Ethereum miners have undergone significant changes. At the beginning of August, the London hard fork took place - the most significant change since the creation of Ethereum in 2015, according to Vitalik Buterin. The EIP-1559 update automates the amount of gas (fees) that blockchain users pay and then “burns” a portion of those fees.

• ETH transaction fees will no longer go to miners, but instead will be sent to an address that no one can access. This is called burning.
• Miners now only receive newly minted ETH as rewards.

The benefit of EIP-1559 is that a reduction in supply will increase demand (and therefore the value of the asset). But the main goal is to gradually lead people to abandon mining. If some people leave now, the difficulty will decrease and the remaining miners will be able to earn more. Until the network merges, at least several miners are needed, but if their number gradually decreases, this will not harm security.