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Topic: Etc hard fork - so if you own or mined it you have these new coins? (Read 346 times)

legendary
Activity: 3808
Merit: 1723
I think you are confused with what the work "fork" means.

There are 2 types of forks. Basically regular upgrades which means there are changes made to the software and they rely on new rules and only way to get those rules to apply is to set a fork block and get everybody to upgrade their client. This is what is happening here. You technically got 2 coins if some miners didn't switch to the new software however those coins are worthless.

There are also forks like Bitcoin and Bitcoin Cash. Where BCH basically split off and got its own set of miners and the chain is still alive to this day. Also here if you owned coin on the previous block fork then you would own boths coins like people did in Aug 2017.
legendary
Activity: 2534
Merit: 6080
Self-proclaimed Genius
So does this mean you receive these new coins if you were mining etc on a pool and accumulated them in your wallet address used for mining?

I was using a etcpool formerly named etcget which was doing autoconverting for you to another if you wanted.
So does this mean that pool would get these new forked coins instead?
If you kept your coins in that pool before block 8750000 was mined, then they are the only ones who can tell if you can get your "forked coins".
If it is in your wallet and not spent before that particular block (any client that you can access the private keys), you can restore them to a different client that supports the "other" fork.

Quote from: coindesk.com
Dubbed “Atlantis,” the hard fork requires all software users to upgrade their clients in order to stay within the rules of the network
Speaking of Atlantis, it's designed to be the "new version" of Ethereum Classic (Unlike Bitcoin forks that's obviously money duplicator scam).
So the "new coins" will still be Ethereum classic and the old coins/chain may stay active (if there's enough miners, nodes that didn't want to update and the old code maintained by different developers) or may get abandoned by supporters.

FYI, Atlantis is winning in percentage, but the old chain is still alive as of now.
If the old chain didn't stay, so the "forked coins".
legendary
Activity: 2828
Merit: 1497
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Generally if they are not in your wallet you wont get the coins.
YMMV

Also why its not wise to leave coins on pools or exchanges....

Very true you are right in your assessment of what has happened with that such pool.
I started using another pool instead and this is what they had posted a few days before the last block was mined pre hard fork:
"Ethereum Classic is expected to have a scheduled hard-fork named Atlantis within next 10 days at block: 8750000. No action is required for the miners. You can continue #ETC mining with your current mining software. P.S.: Don't forget to update your local ETC wallets."

source  https://twitter.com/nanopool_org/status/1168912523128692736
full member
Activity: 1275
Merit: 141
Generally if they are not in your wallet you wont get the coins.
YMMV

Also why its not wise to leave coins on pools or exchanges....
legendary
Activity: 2828
Merit: 1497
Join the world-leading crypto sportsbook NOW!
Just heard the hard fork was done for ethereum classic called atlantis from here:
https://www.coindesk.com/ethereum-classic-successfully-forks-improving-interoperability-with-ethereum

So does this mean you receive these new coins if you were mining etc on a pool and accumulated them in your wallet address used for mining?

I was using a etcpool formerly named etcget which was doing autoconverting for you to another if you wanted.
So does this mean that pool would get these new forked coins instead?
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