Post
Topic
Board Speculation (Altcoins)
Re: ETC rising to 0.01btc ?
by
Raja_MBZ
on 26/08/2016, 19:59:40 UTC

Sorry but ETC will be continuing to go down for the time being. How long and how low is the question and it is not looking good because the hash power is also going down. No miner is willing to support the network for free and they are leaving slowly one by one.

This will not look good for those who fight for blockchain immutability and true decentralization.



Uhm... I am not aware that ETC miners did not get anything out of mining ETC. Why is that so?

Of course they get... otherwise why the coin is still alive? Every time the coin goes up in price, the hash rate goes up in price too. The hash rate follows the price, and not the opposite. Miners will mine whatever coin is going up.

Even with the current low value of ETC, it's still the most profitable one to mine with GPU, almost equal to ETH. I don't think so that miners are leaving it one by one as bbc.reporter said above, probably a false BBC report. Tongue As far as I can see, miners are entering one by one, not leaving.