ETH is on the verge of merging to PoS. Soon. So what should you mine once that happens?
The mining community has been preparing for this for sometime now. Researching other Proof of Work (PoW) coins, using whattomine.com to calculate earnings, and more. In this post we will discuss the similarities and differences between ETC and ETH mining.
Let’s start with the technical side of things. The algorithm name ETH uses is ETHash also known as daggerhashimoto.
The algorithm for ETC is called ETCHash and is a modification of daggerhashimoto. The modification tweaks the DAG and allows for a long-term viability of GPU-mining with cards that have low memory (3gb, 4gb, 6gb) available.
As of this writing, the DAG size is just below 4GB which means GPUs with 4GB+ memory are still able to mine. ASICs for ETCHash are sold publicly.
The ETH network is currently dominated by ASICs, but the profitability for GPU miners is still quite good. The profitability for ETC has gone up significantly in the last month and is nearly overtaking ETH. As of this writing earnings per 100MH is $ 8.13 for ETH and $ 7.43 for ETC.
Based on those numbers, and considering ASICs on the network – ETC is the most viable coin to mine for GPU miners.
An added bonus to ETC, is the supply is fixed unlike ETH which technically has unlimited supply.
ETC max supply is 210,700,000 coins. Currently the Market Cap is around $6 Billion. Based on these numbers, and this is not financial advice, it is fair to say ETC has plenty of upside. ETC is currently sitting at $48.25 and our price prediction is over $100 by 2023.
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