Post
Topic
Board Mining (Altcoins)
Re: How to start mining Ethereum Classic
by
adaseb
on 18/10/2020, 20:27:57 UTC
Since ETH's gas fee has dropped a bit, I am taking a small risk and starting to mine some ETCs (only with a small hash power). Hopefully, it will go smoothly and no more 51% attack on the chain.


Currently ETC has a too long confirmation period, I've just completed a deposit on coinbase pro after 15 days since the 1st confirmation. Too much time for the average miner.

At least Coinbase still accepts deposits, many other exchanges disabled both the deposits and withdraws.

91k confirmations in my opinion is almost as not having deposit enabled.....May I ask if you know what is the exchange with the lowest confirmations required to accept an ETC deposit?

I think coinbase is the one with the lowest amount. Most of the legit exchanges that I know have deposits disabled and some other exchanges even have withdraws disabled for some weird reason.

It's most likely going to be like this until the fork happens and there is a significant amount of hashrate moved to ETC, probably not until November or so.

Reason why is because it's the exchanges which are the ones who are losing large sums of money when a 51% attack happens.