ETC's value has seen a 70% increase this week. Currently, the magnitude of ETC rise is the highest compared to most of the other coins on the market.
ETC is among the top 3 cryptocurrency among Hiveon OS users.
Additionally, ETC's value is relatively strong in comparison to other "altcoins" -- On March 25rd, ETC's price was $47.99 according to CoinTelegraph:
Taking all the above-mentioned factors into account, ETC mining has once again gained massive traction. For now, it may be considered a viable alternative to ETH mining.
The network has relatively low difficulty (which means that finding a new block won’t take too much time). However, there are also disadvantages. ETC is exceptionally vulnerable to 51% attacks — there were three consecutive attacks in less than a month, which significantly reduced the speed of money transfers. The block confirmation increases were set to mitigate the attacks, but the network cannot be called secure and stable.
But let’s suppose that you still decide to start mining ETC. How to do it? This article will answer this question.
After choosing (or setting up) the equipment, the next step is to create a wallet to keep the money earned from mining. Many platforms allow you to do this, and here are some of them:
However, keep in mind that exchanges often become targets of attacks, have regular maintenance times, and do not share private keys. Take this into consideration when making a choice.
On our website, there is an article with a list of the best crypto wallets. This article will help you choose the best cryptocurrency wallet.
You have chosen hardware and created a wallet — now you are almost ready to start mining ETC. But first, you need to select a pool — generally speaking, pool mining tends to be more profitable than solo mining for most users. Instead of looking for blocks yourself, you will receive a small part of the rewards of the entire pool, which means that your income will be much more stable. We recommend the Hiveon pool, and here's why:
In addition, the Hiveon pool easily integrates with the Hiveon OS management and monitoring system. Using it, you can do the following:
ETC is accepted and supported on the majority of exchanges. Thus, it is easy to sell or trade this coin. Mining ETC is gaining momentum as the cryptocurrency is currently on the rise. Thus, this period may be beneficial if you consider mining ETC. We hope this article and your own research will help you make the right choice regarding the coin to be mined.
Mine efficiently and profitably!