Ethereum Classic Activates Thanos Upgrade, Increasing Access for GPU Miners

Four gigabyte devices will soon be able to find a new home on ETC. Ethereum Classic (ETC) is planning on executing the Thanos hard fork, an upgrade that would ensure several more years of mining functionality for graphics cards with 4 gigabytes of RAM.The upgrade, scheduled for block 11,700,000 — set to be mined between November 28 and November 29 — will roll back the epoch parameter for Ethereum Classic’s mining algorithm, Ethash.Ethash features a set of pre-computed data used during the mining process, called DAG. The data set grows at a rate of about one gigabyte every 18 months, and is....

Ethereum Classic is preparing another hard fork. It was announced in statements published last week that the project’s development and mining community is committing to a change in its monetary policy by December of this year. Essentially a move to a new protocol, all current Ethereum Classic users and miners should have upgraded their software by then. If everyone does not upgrade their software, the project can split into two incompatible networks, blockchains and currencies. Of course, that is exactly how Ethereum Classic itself broke away from the Ethereum Foundation’s Ethereum last....

The Ethereum Merge was an incredibly anticipated upgrade, with good reason. It not only drastically increased the number of transactions that the network could handle, but it also greatly diminished the energy consumption of the network. However, Ethereum miners have found themselves as collateral damage in the upgrade as there is no longer a need for their highly specialized mining hardware. Given this, ETH miners have had to find alternatives for this hardware. The Great Exodus In less than one hour, Ethereum miners, who had been one of the most important parts of the network, had found....

A modification brought about by the Ethereum Arrow Glacier upgrade was the postponement of Ethereum's "difficulty bomb" until June 2022. What should you mine after ETH goes PoS?After Ethereum switches to the PoS consensus method, mining will be split into smaller, less well-known coins. Just a few examples include Ravencoin and Ethereum Classic.Neither of the coins mentioned above is well-known or widely used in the Ethereum blockchain, but it makes no difference. What is important is that, like Ethereum, their tokens can be mined using graphics processing units-based mining equipment.....

Crypto assets’ prices have recorded more volatility in recent times. There have been some spikes and pullbacks in the price of many. For instance, the beginning of this week saw Bitcoin moving farther from its $20K mark.  Bitcoin lost its hold on the $20K mark on September 2, closing the market at $19,969. Since then, the crypto has struggled to remain afloat with little rallies and dips. Also, Ethereum didn’t fare too well until September 6.   Related Reading: Bitcoin Struggles To Claim $20,000 Mark Amid Bear Market The Bellatrix upgrade to take place the same day pushed its....