What’s the Best Way to Mine the Ethereum Classic Coin?
We have pointed out how profitable and secure this coin can be, but how do you become a prosperous miner? As both GPU rigs and ASIC miners could be efficient, the choice is all up to you. Having in mind that ETC uses the Ethash algorithm, which is very memory intensive, makes graphics cards a bit more effective compared to ASIC miners.
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Due to the increased difficulty of mining, we’ve observed that best way to be profitable is to mine ETC in a pool. Joining one will combine your computational power with that of other miners to solve blocks as a team. Numbers have always been powerful, haven’t they?
Let us explain a bit about what makes Ethereum Classic pool mining the best way to earn it. When a block is solved by a pool, the reward for it is distributed among the participants (miners) according to their contribution in the process. The payments can vary a lot, depending on the rewarding method adopted by the pool and its fees. Hence, we strongly recommend you go over all the fees, which might be applicable in your case to avoid any surprises.
What do You Need to Start Mining Ethereum Classic?
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You might be wondering what you need to start mining Ethereum Classic, so let us go straight to the answer. In the first place, we should definitely note the must-have hardware. Choosing either ASIC or GPU, you would need to provide a power supply. The GPU rig also imposes the usage of a motherboard, which in turn combines all the cards into a single power unit.
Equally important is the reliable internet connection with unlimited traffic. In any case, be prepared that you need at least 500MB of traffic for each device per day. For the purview of efficient Ethereum Classic mining, you should be connected to the blockchain at all times.
Always consider your power consumption. What we mean here is that depending on the number of devices you’re about to use, you should plan ahead how you’re going to connect all of them to your power outlets and whether your grid can handle the draw.
Last but not least, you’ll need a crypto wallet. This is a software which is going to help you collect your mined coins and operate with them when broadcasting a transaction or exchanging on the crypto market.
What Else to Consider Before Start Mining
Dealing with noise and heat might sound like a creativity task for you, but we recommend it’s done properly. Don’t forget, that if you don’t provide the needed working conditions for the mining tech, it could end up costing you. You can relax however, as we are here to help. Our team of experts has prepared a dedicated troubleshooting page link.
Best choice of Ethereum Classic mining hardware to buy
We know that it can be frustrating to find the most suitable hardware. There are enough options on the market to make your head spin. That’s why, in the table below, we have published a comparison between the key parameters of different GPUs and ASICs that are suitable for mining the Ethereum Classic coin.
Remember that when assembling a Ethereum Classic mining rig, you need to calculate the power consumption of all graphic cards, motherboard and other computer components.
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