What are your thoughts on Ethereum Classic (ETC) with the upcoming ETH merge? - page 2.

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Quote from: Tytanowy Janusz on August 21, 2022, 03:57:22 AM

...About ETH miners (GPU miners). They will move to mine other coins but 99% will have to quit. ETH is $200B network. ETC is $4B. So if 2% of ETH miners will move to ETC mining difficulty will double making it unprofitable to mine. And price will not fallow. Its the opposite. Difficulty chase price not price pump because of difficulty increase.

Owners of GPU miners will still have to make a choice and connect their machines to another network. And wherever they connect their miners, there will definitely increase the complexity. The problem with increasing network complexity is temporary. When mining is not profitable, it entails disabling miners and the next time the complexity is recalculated, it will decrease, which will make mining profitable again.

OhShei8e

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Quote from: Sr.Urbanist on August 20, 2022, 08:59:51 PM

It seems like a low price and low development. But with the merger, the ETH miners are going to move to ETC. This will give it more hashpower and protect it from double spend 51% attacks that have happened in the past. It's an interesting token for me and could be a fertile playground for the next bull market or a dumpster fire like BCH. I am curious what others think of Ethereum Classic. I don't hear it talked about much, anymore.

EThash is really bad seen from an engineering standpoint. PoS is risky at this point in time.

I have already addressed this here: https://bitcointalksearch.org/topic/merged-mining-with-bitcoin-for-ethereum-classic-5410633

I hardly know anything about ETH, so I thought Classic didn't even exist yet.

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Quote from: bittraffic on August 20, 2022, 10:19:50 PM

ETHpow will probably happen since there are people talking and supporting it while ETC will just be what it is. While ETC is going to have some miners, it will still not make a huge leap because of ETH merge.

ETH POS is just not going to convince supporters of decentralization. The biggest validators will soon be the centralized exchanges and institutions we know today while the validators are also going to be forced by regulators like SEC to track transactions and probably even freeze funds thru these CEXs.

There is a high probability that there will be an ETHpow created in this merge. But there are many companies that have voiced their support for ETHpos after the merge, so any ETHpow generated will be at a big disadvantage if the support is not big enough from the community.

ETC is different, it already has a large enough community and long enough support. As for the miners, when ETHpos is completed, they will have no choice but to follow the crowd if they do not want to be eliminated. I think ETC is still the most profitable.

Tytanowy Janusz

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Quote from: Sr.Urbanist on August 20, 2022, 08:59:51 PM

It seems like a low price and low development. But with the merger, the ETH miners are going to move to ETC. This will give it more hashpower and protect it from double spend 51% attacks that have happened in the past. It's an interesting token for me and could be a fertile playground for the next bull market or a dumpster fire like BCH. I am curious what others think of Ethereum Classic. I don't hear it talked about much, anymore.

Its dead. After a hack network split to ETC and ETH. Community chose ETH. Whole development moved forward there. We have thousands of projects build on ETH. Bilions in TVL on liquidity platforms. Great solutions like AMM. DEFI, NFT. ETC did nothing last years when whole market moved forward. ETC is not an alternative for ETH. BNB, SOL, AVAX, DOT are. ETC is dead.

About ETH miners (GPU miners). They will move to mine other coins but 99% will have to quit. ETH is $200B network. ETC is $4B. So if 2% of ETH miners will move to ETC mining difficulty will double making it unprofitable to mine. And price will not fallow. Its the opposite. Difficulty chase price not price pump because of difficulty increase.

ethereumhunter

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The ETH move will provide an opportunity for ETC to be able to increase its price higher because there will be a good move for ETC. At least, this is what some speculators have analyzed about the ETH move that will have a good impact on ETC. I still have some ETC and sold it during the altcoin season yesterday and I am still trying to increase the amount of ETC I have because I feel that ETC does have a chance to go up high. But we still need to be patient because, with the current market conditions, ETC still needs a lot of support to start increasing its price.

crwth

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Isn't the reason that ETC was born because a DAO hack had left investors down and had to revert it to the previous chain where the hack didn't happen, right? So it's just that ETC is for POW miners who are really die-hard mining it. So why would they choose to migrate now instead of starting it first? They probably want to stay with ETH mainchain because it's the main one. So presumably, they would get the ETHpow or something.

bittraffic

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ETHpow will probably happen since there are people talking and supporting it while ETC will just be what it is. While ETC is going to have some miners, it will still not make a huge leap because of ETH merge.

ETH POS is just not going to convince supporters of decentralization. The biggest validators will soon be the centralized exchanges and institutions we know today while the validators are also going to be forced by regulators like SEC to track transactions and probably even freeze funds thru these CEXs.

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Quote from: Sr.Urbanist on August 20, 2022, 08:59:51 PM

It seems like a low price and low development. But with the merger, the ETH miners are going to move to ETC. This will give it more hashpower and protect it from double spend 51% attacks that have happened in the past. It's an interesting token for me and could be a fertile playground for the next bull market or a dumpster fire like BCH. I am curious what others think of Ethereum Classic. I don't hear it talked about much, anymore.

Better than new fork like ethpow once it will be happened. In my opinion that if ethereum doens't need new fork coin. ETC is far better to be an alternative coin to be mined by miners. New fork coin will be only giving very bad image to the crypto which always issuing the scam coin.
I think that so many miners have been starting migrate to the ETC. ETC will be secure blockchain if there would be so many miners are coming to this blockchain.

Sr.Urbanist

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I mined a few ETC back in the day and have always thought it could be a simple alternative to Ethereum's high fees, but there doesn't seem to be much development on it. And I hear some of the devs who were involved in the Segwit2x scheme use it as a sandbox. When I add it to MetaMask, the price doesn't show up. I don't know much about it, except it's the original chain after some hack.

It seems like a low price and low development. But with the merger, the ETH miners are going to move to ETC. This will give it more hashpower and protect it from double spend 51% attacks that have happened in the past. It's an interesting token for me and could be a fertile playground for the next bull market or a dumpster fire like BCH. I am curious what others think of Ethereum Classic. I don't hear it talked about much, anymore.

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