MinerGate is releasing an updated version of our GUI miner, which now supports Ethereum classic mining. Enjoy the upgrade!

What is Ethereum Classic? The DAO, DApps and The Hard Fork Born out of a hack and a philosophical disagreement in the Ethereum community, Ethereum Classic has become one of the top cryptocurrencies on the market.

Starting life as Ethereum, Ethereum Classic (and its value token, ETC) is the result of a long debate over how cryptocurrencies should handle disagreements within the community and data hacks. That does not mean it’s in any way a lesser entity than Ethereum. On the contrary, the community behind Ethereum Classic aims to make Ethereum Classic the best cryptocurrency on the market.

This information should not be interpreted as an endorsement of cryptocurrencies or a recommendation to invest. Historic performance is no guarantee of future returns. As an investment class, cryptocurrencies are speculative investments and investing in cryptocurrencies involves significant risks – they are highly volatile, vulnerable to hacking and capital loss and sensitive to secondary activity. Before investing you should obtain advice and decide whether the potential return outweighs the risks. What is Ethereum Classic? Ethereum Classic is an open-source, peer-to-peer, computing platform based on blockchain technology and the original Ethereum code.

Just like Ethereum, it provides a value token, or “altcoin”, called “classic ether” which is used to pay users for products and services, and as a transaction fee when using decentralised apps and smart contracts. Icon Symbol Initial release date Algorithm type Max. Supply ETC 30 July 2015 SHA3 210-230 million ETC The story behind The DAO attack and subsequent hard fork The decentralised autonomous organisation (The DAO) was a venture capital fund. It was meant to allow users to invest in the development of decentralised apps to run on the Ethereum blockchain.

By May 2016, The DAO had accumulated over US$150 million and was ready to begin its operations. Then a paper was released detailing a security flaw in the DAO architecture. Developers of The DAO ignored the concerns raised and moved forward with their operations.

In June 2016, The DAO was hacked using the same security flaws outlined in the paper and approximately US$50 million were stolen. This hack and the debate that followed it caused a schism in the Ethereum community. On one hand, Ethereum developers could revert the hack back, returning all Ether coins to their respective owners. On the other hand, the very core philosophy of is that the transactions cannot be edited and cannot be deleted. As a result, Ethereum underwent a hard fork, copying and modifying the main code to revert the DAO hack. Meanwhile, the main code remained as is, and the community began calling it “Ethereum Classic”.

Since then, Ethereum and Ethereum Classic have been operating as separate coins while sharing the same goals and vision: to become the world’s first decentralised computing platform. How is Ethereum Classic different from bitcoin? As a platform, Ethereum Classic aims to take advantage of. While the developers of bitcoin restricted the blockchain to only compute currency transactions, Ethereum Classic, like Ethereum, aims to build a decentralised computing system on top of the blockchain. Decentralised Applications The core goal and vision of Ethereum remains in Ethereum Classic.

The aim is to build a blockchain platform that allows software developers to build applications whose databases and transactions are stored, not on a single server owned by a specific company, but on all nodes and users connected to the Ethereum Classic blockchain. Most of everything you use on the Internet today uses a centralised database system, ie, the database is stored on a single server. While the server itself might be a collection of different machines working in tandem, the database itself is still in a central location. If a hacker were to hack into the server and change some of the information on the database (say, giving himself or herself an extra US$5 million), there would be no way to validate the changed data. To mitigate this, most reputable companies maintain one or more backups of their data. That way, if something doesn’t look right, they can compare the live database with any of the backups and notice (and revert) the discrepancy.

Decentralised apps on the Ethereum and Ethereum Classic platform share their database transactions with every user on the blockchain. Because there is now no central location in which the database resides, hackers would need to hack the databases of 51% of all users on the blockchain to be able to convince everyone that they have that extra US$5 million. Where can I use ETC? As of September 2017, ETC has yet to gain the widespread acceptance of its parent currency ETH. After the hard fork, the majority of merchants and market movers followed Ethereum, leaving Ethereum Classic at a disadvantage. Nevertheless, ETC can be purchased on many online currency exchanges, and it can be held as a way to increase the value of Ethereum Classic in the eyes of merchants and service providers.

Historical pricing of Ethereum Classic 2017 has seen growth for all cryptocurrencies, and ETC is no different. From US$1.40/ETC on 1 March 2017 it rose to US$23.01 by 20 June 2017. The price of ETC decreased drastically in September 2017, down to US$7.69/ETC. Transferring money with ETC Classic Ether (ETC), like other altcoins, is very simple to use once you have an Ethereum Classic compatible wallet installed. You just need to take a few steps: • Install an Ethereum Classic wallet. Wallets that can access the Ethereum Classic blockchain are often able to access the Ethereum blockchain as well.

Make sure you set it up correctly or you might end up sending ETC to the wrong user. • Get the recipient’s wallet address. The recipient of ETC will give you a public key address, either as a string of numbers and letters or as a QR code which you can scan with your phone.

• Enter the value to send. After agreeing upon an amount to send, enter the value of ETC into your wallet, ensuring that you have the required amount of funds available. • Send the money.

After pressing “Send” (or the equivalent button in your wallet), the ETC amount will be deducted from your wallet and added to the recipient’s. The transaction should appear immediately, but it might take about a minute to verify completely. Getting Ethereum Classic • Get paid in ETC. If you’re a merchant providing products or services for sale, especially if you conduct your business entirely online, there is nothing stopping you from receiving payment in ETC. Every ETC transaction helps Ethereum Classic grow, and if this causes the value of the currency to rise, so will the value of your wallet. Details Features Buy, sell and exchange bitcoin and more than 50 altcoins on this easy-to-use Australian exchange. • Fees: 1-3% • Deposit currencies: AUD, BTC, LTC, DOGE • Payment methods: BPAY, POLi, cash, cryptocurrency Trade AUD and other fiat currencies against BTC, BCH or ETH at competitive rates. BitcoinDark BTCD Mining With A Laptop.

• Fees: 0.1-0.5% trading fee • Supported cryptos: BTC, BCH, ETH • Deposit methods: POLi, EFT, SWIFT, wallet transfer HitBTC Multi-currency Exchange Buy crypto with fiat (USD/EUR) and trade over 150 other digital assets on this Europe-based exchange platform. • Buy/sell Bitcoin Cash & Bitcoin Gold • Fees: Varies by transaction type • Supported countries: Global, with exceptions • Deposit methods: USD/EUR/Crypto Binance Cryptocurrency Exchange Trade 60+ cryptocurrency pairs on this up-and-coming exchange based in China. Multi-language support. • Trade Bitcoin Cash & Bitcoin Gold • Fees: 0.1% trading fee • Supported countries: Worldwide • Deposit methods: BTC, ETH, LTC, NEO & BNB Changelly Crypto-to-Crypto Exchange Access competitive crypto-to-crypto exchange rates for more than 35 cryptocurrencies on this global exchange. • Exchange Bitcoin Cash & Bitcoin Gold • Fees: 0.5% + networking fees • Supported countries: Worldwide • Payment methods: USD, EUR, 35+ cryptos Coinbase Digital Currency Exchange Buy and sell bitcoin, Ethereum, Bitcoin Cash and Litecoin on one of the world's most renowned cryptocurrency exchanges. • Fees: Varies by transaction • Supported countries: 32 countries • Payment methods: Bank transfer, Credit/debit card, wire LocalBitcoins P2P Exchange Trade fiat currency for bitcoin in person or online with this peer-to-peer exchange offering competitive fees and wide delivery options. • Fees: 1% commission for each completed operation • Supported countries: Exchangers in 248 countries • Payment methods: PayPal, Credit/Debit and more Bitit Bitcoin Marketplace Buy bitcoin with cash or credit card and get express delivery in as little as 10 minutes.

• Fees: Card: 8.9%, Cash: 11.9% • Supported countries: 50+ countries • Deposit methods: Credit card, cash vouchers, Epay Indacoin Cryptocurrency Exchange Use your credit or debit card to buy bitcoin and other cryptocurrency without having to verify your identity. • Fees: Varies by transaction • Supported countries: More than 100 countries • Payment methods: Payza, Credit/Debit cards (USD) and more Paxful Bitcoin Marketplace Connect with bitcoin buyers and sellers through this peer-to-peer marketplace that accepts cash, credit and more than 300 other payment methods. • Fees: Varies by transaction, and PayPal no fees • Supported countries: Worldwide • Payment methods: Western Union, PayPal and many more BitMEX Bitcoin Trading Exchange Trade cryptocurrency derivatives with high liquidity for bitcoin spot and futures, and up to 100% leverage on margin trading. • Fees: Varies by trading type • Supported countries: Worldwide with exceptions • Deposit methods: BTC only VirWox Virtual Currency Exchange Buy bitcoin through PayPal on one of the oldest virtual currency exchanges in the business.

• Fees: Varies by transaction • Supported countries: Worldwide • Payment methods: PayPal, Skrill, paysafecard, uKash eToro Social Crypto Trading Copy the trades of leading cryptocurrency investors on this unique social investment platform. • Fees: Spreads • Supported countries: Worldwide (some exceptions) • Payment methods: Credit card, PayPal, bank transfer Coinmama Bitcoin Marketplace Use USD/EUR to buy bitcoin and Ether with credit card or cash on the Coinmama cryptocurrency exchange. • Fees: 5.5% + 5% for credit card • Supported countries: 226 countries worldwide • Payment methods: Credit/debit card, cash xCoins P2P Bitcoin Lending Buy bitcoin instantly with credit card, PayPal or bank account on this peer-to-peer lending platform.

• Fees: Varies by transaction • Supported countries: 40+ countries • Payment methods: Credit card, PayPal, bank transfer Cryptex24 Exchange Buy and sell crypto and other digital currencies on this global fixed-rate exchange. • Fees: Varies by transaction • Supported countries: Worldwide • Payment methods: Western Union, MoneyGram, Perfect Money & more 24/7 Cryptocurrency Exchange Easy, safe and instant way to buy, sell or exchange bitcoin and other popular altcoins like Litecoin and Namecoin. • Fees: Varies by transaction • Supported countries:Local payment options in 110+ countries • Payment methods:Credit/debit card, money transfer and more What to keep an eye out for Ethereum Classic is not without its problems, many stemming from the fact that it is considered by many as a lesser fork of Ethereum. The biggest concern users and investors have is that the “Ethereum Classic vs Ethereum” situation has created what many have dubbed a double blockchain.

In a way, both the Ethereum Classic and the Ethereum blockchains are compatible with each other because they were born from the same trunk. As a result, one can attempt to access the Ethereum Classic blockchain using an Ethereum wallet and this can cause problems. For example, public wallet addresses might not belong to the same user on one chain as on the other.

This causes confusion and is detrimental to both Ethereum Classic and Ethereum itself. In fact, many Ethereum users are of the opinion that Ethereum Classic should be destroyed for the benefit of both platforms.

As such, this has caused a lot of volatility in the value of ETC and this will likely remain the case unless an agreement can be reached between both halves of the community. What’s in store for Ethereum Classic? The future of Ethereum Classic further builds on the mantra that “the code is law”. While the initial plan was to follow in the footsteps of Ethereum, Ethereum Classic will likely continue to diverge away as Ethereum continues to introduce features with which many in the Ethereum Classic community disagree. Whether this is a good or a bad thing remains to be seen.

One of the biggest divergent decisions to be taken in the near future is that of Ethereum Classic’s doubling down on mining (or proof of work) being the best option for generating ETC for its users. There are indications that Ethereum may instead move towards a proof-of-stake system, where block generation is done by coin-holders instead of miners. Long term, many believe that Ethereum Classic’s “immutability at all costs” philosophy (cannot be edited, cannot be deleted, even if hacked) might prove to be the better option as it is considered somewhat more secure compared to Ethereum’s platform, but time will tell. Frequently asked questions •. Disclaimer - Hive Empire Pty Ltd (trading as finder.com.au, ABN: 18 118 785 121) provides factual information, general advice and services on financial products as a Corporate Authorised Representative (432664) of Advice Evolution Pty Ltd AFSL 342880. Please refer to our. We also provide general advice on credit products under our own Credit Licence ACL 385509.

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In this post I will show you how to gpu mine ethereum classic using the Geforce GTX GPU of your linux computer using a software called ethminer. • We are using Ubuntu server version 16. (64 bits) • We are using the minig pool • Minergate will charge you a small percentage of your mining profits, something like 1.5% MINERGATE Access the website and create an account. GEFORCE GPU INSTALLATION Use the following commands to install the required packages to enable the Nvidia Geforce Graphic card on your linux computer. # mkdir /downloads # cd /downloads # wget # dpkg -i cuda-repo-ubuntu1604_8.0.44-1_amd64.deb # apt-get update # apt-get install cuda After finishing the installation you need to edit the.bashrc file from the root user and add the following lines at its end. # vi /root/.bashrc export LD_LIBRARY_PATH=/usr/local/cuda-8.0/lib64:$LD_LIBRARY_PATH export PATH=/usr/local/cuda-8.0/bin:$PATH After finishing the installation, reboot the computer. # reboot ETHMINER INSTALLATION Use the following commands to install the ethminer software on your linux computer.

# apt-get update # apt-get install software-properties-common # add-apt-repository ppa:ethereum/ethereum # apt-get update # apt-get install ethminer MINING ETHEREUM CLASSIC In order to start mining ethereum classic, use the following command: # ethminer -G -F --disable-submit-hashrate • You need to change the username virtualcoin.videos@gmail.com from the command above to the username that you created on the website. YOUTUBE VIDEO In our channel, we offer a video showing you the step by step procedure. Good evening, I already follow all steps added in article. Unfortunately doesn't work for me. I have installed the latest version of GUI from Minergate and now I can only mine with CPU (i5 CPU latest model). After I try to start to mine ETC, and I use in terminal specific command I obtain 2 message: • [OPENCL] No OpenCL platform found • No GPU device with sufficient memory was found.

Cna't GPU mine. Remove the -G argument I must to specified that on my rig I have 4 GPU's NVidia (Gigabyte 1060 6Gb) and 2 GPU's AMD (Gigabyte RX580 8Gb). As operating system I use Ubuntu 16.04.3 on 64 bit. Other info which can be useful for you: NVidia X Server Settings appear as 'Prime Profiles' Intel (Power Saving mode). Regarding to AMD, I cannot install the latest driver (dedicate to mining) because doesn't recognize the command:./amdgpu-pro-install -y I hope that you can help me to make it my rig work.

Also I am sure that other people receive the same problem. I think missing from somewhere some very important step (only my opinion). I waiting with higher interest your feedback. Keep in touch. Kind regards.