Discover and read the best of Twitter Threads about #etcsummit
Most recents (1)
#EthereumClassic is now dominating non-BTC mining. Whether or not that is currently profitable, given the excess of hash which can no longer mine ETH, is another matter.
ETC network hashrate seems to have settled to a new equilibrium close to 150 TH/s. Peak was 300 TH/s.
ETC network hashrate seems to have settled to a new equilibrium close to 150 TH/s. Peak was 300 TH/s.
That was around a 6x gain in hashrate and security since before The Merge.
More importantly, though, is that ETC in now *the* apex predator for POW outside of SHA256 market.
The majority of ETC hash is likely ASICS (I have heard ~70%) which is fantastic.
More importantly, though, is that ETC in now *the* apex predator for POW outside of SHA256 market.
The majority of ETC hash is likely ASICS (I have heard ~70%) which is fantastic.
I wrote this article in February 2020 which I still stand by, and we have arrived in that inevitable destination. Funny that we have an “ASIC resistant” algorithm but here we are, ASIC dominated anyway (market forces always win over central planning):
bobsummerwill.com/2020/02/02/asi…
bobsummerwill.com/2020/02/02/asi…
