Topic: ETC hashrate at an ATH while price falls: Someone is shaking weak hands. (Read 1071 times)

The ETC hashing rate is more or less corresponding to the ETC price. There will be some discrepancy due to the sudden price change.

looks like OP was correct about the "shakeout of the weak hands" because we can see now that 2+ days have past from it ethereum classic is closing in on ethereum fork in the market cap and price has risen nearly 30% and I believe the pump will go on like this until these both chains are the same value coins.

The ETC price is being pump now. It has risen more than 20% in the last 24 hours. It seems there are whales in it.

It is just fluctuations. It is normal. Who said that reaching the top goes in a straight line? Also if the price is what the miners are after then it would be a good idea to pump ETC to also make the hashing power rise. It is easier to get the mining power than we thought then.

You are right. The miners are in for the profit. Since the ETC price has dropped, so did the hash. It is 800G now.

Of course he doesn't touch bitcoin, he procured his ETH through his local bank.  

I suppose you don't touch bitcoin either ?  There are many stolen bitcoins going around, and bitcoin didn't fork over that in the same way ETC didn't fork...

If bitcoin doesn't fork over the bitfinex theft, is it then also a criminal's coin ?

I disagree that someone is shaking weak hands. It is the nature of trading altcoins. Each trader is looking out for his own interest and it is greed that drives him. It is some traders taking the profit while they still can because maybe some of them think it will crash now. Sometimes they are right and sometimes they are wrong.

Between all the FUD and trolling I understand that it's nearly impossible to argue in a reasonable manner. I don't expect you to answer either, more like thinking about it.

I think what people disregard is the timeline and who was the major part involved in it. So:

2014 some guys developed Ethereum. True? [YES] [NO]
2015 they launched some blockchain. True? [YES] [NO]
2016 after a hack they split the chain to reverse the hack. True? [YES] [NO]
2016 some other guys continued the old chain. True? [YES] [NO]

Who developed the chain? Who is constantly updating about it's future development?
And more importantly, who started from zero? By that I mean people starting to code from scratch and starting the chain from block no.1.
Ethereum Classic? I think they started from block 1920000 and from code that other people wrote? What did they do other than sparking anger and will for profit and idiological philosophy?

I really hope that a similar situation happens to the ignorant.

Like let's say you build a house with your own hands for two years and because it was your first house, two years later one wall collapses.
So then comes a guy and says: " Hey I've been involved in building this house all along! Give me some money and your popularity to rebuild the wall."
He then rebuilds the wall with your money in a week and claims the whole house to be his own.
You can't trust someone who builds houses with shaky walls!!! Get rid of this dangerous entity! Imagine if the wall collapsed and killed someone! The house is in much safer hands now!

This is Ethereum Classic.

Incorrect. Knocking some sense into anyone idiotic enough to buy into the ETC criminal coin is our actual raison d'être or are you forgetting that each and every ETH hodler has an equal bag of ETC criminal coin? I refuse to do anything with my ETC out of principle. I will never support criminal endeavours. Unlike the tards buying into the ETC criminal coin.

Don't listen to this bagholder shill.

https://www.youtube.com/watch?v=s1XiAwSpXbI

Watch Chris Ellis deconstruct the hard fork dissaster in 40 minutes, reading through the DAO terms and reading tweets by developers claiming how "code is law" and claiming how immutability in smart contracts was a fundamental pillar.

ETH = done for. People that are here 24h's defending their ETH position only prove this point. The are Scared.

Rush a hard fork? They were under a strict time schedule you numb nuts. And if you'd care to actually read the article about the fork you'd begin to realise and appreciate what gud hard work they put into doing the right thing, notably not letting a gud for nothing dirty hacker away with $70 million. You are an abomination, Sir.

Which means they are expecting ETC to go up since they mine even more when it goes down.


I see you still haven't understood how ETH is a walking joke holy supported by its delusional investors. In the long term, no one will support bailoutchain, a blockchain that contradicts its own principle.

ETH is an absolute disgrace. They rush this hard fork to bailout big pockets (you are insane if you think they would have done it if close devs weren't invested) and not only this, but they fuck up BIG time by not even realizing the replay exploit would happen (again due rushing the HF).



ETH is done for and will pay sooner or later, watch this space

What? You mean ETC criminal coin? Yes that will attract a lot of investors and devs. Who wouldn't want to be associated with a gud for nothing dirty thief?

As I type ETC is in freefall and ETH back to $11.

It's only a matter of days/hours before ETC gets a few positive news articles that prominent developers or miners are switching over to Classic, and the price will go parabolic again.

Take a look at the hash rate:

http://fork.ethstats.net/

3110.7 GH/s    1123.4 GH/s

This is the highest ever for ETC, and ETH keeps lossing hashrate.

Someone is shaking weak hands to get in hard as coins become cheap. Caution with the panic selling, this is only the beginning.