Feb 17, 2025
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Randa Moses
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Ethereum Classic depends on mining, just like BTC and LTC which use proof-of-work (PoW). It is also a decentralized and open-source platform. It is the original Ethereum blockchain that didn’t undergo the hard fork in 2016 after the DAO hack, in which millions of ETH was stolen.
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ETC miners are important because they secure the network and decentralize it. They secure the network by deploying computing power to process transactions and protect the network against double-spending attacks.
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The good news is that it’s not difficult to mine Ethereum Classic (ETC). Mining ETC requires hardware like GPUs or ASICS and specialized software to run the mining algorithm. This could be done solo or through joining a mining pool.
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First, you will need a software wallet like the Exodus or Cobo Wallet to store the ETC you mine. You could also use a hardware wallet like Ledger or Trezor. Second, you will need a GPU from Nvidia or AMD’s Radeon, according to WhatToMine.com recommendations.
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The recommended models from Nvidia include the GeForce RTX 4060 Ti, RTX A2000 6GB, and GeForce RTX 4060. From AMD’s Radeon, the best models are the RX 6600, RX 6650 XT, and RX 6600 XT. After selecting your GPU, make sure to have a minimum RAM of 4GB.
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For more profitable mining, ASICS are the way to go. According to WhatToMine.com, currently, the Bombax EZ100-PRO ASIC provides $14.42 daily. Other ASICS such as the Bombax EZ100 and Bitmain Antminer E11 provide $11.63 and $8.37 respectively.
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The final step is setting up ETC's mining algorithm Etchash. The Ethereum Classic website recommends several software including GMiner, lolMiner, Nanominer, NBMiner, and NBMiner. After setting up the software, you can start solo mining or join a pool.
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Solo mining is expensive and it’s for experienced miners who can find 2 to 3 blocks daily. Joining a pool with your computational power is the better option because you work together with others to find and solve the next block, leading to better profitability.
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