Things have been relatively quiet in the Ethereum Classic camp over the past week or so. There is still an ongoing “war” between ETH and ETC supporters, but it looks like most of the arguments have quieted down. Samson Mow is trying to stir a new debate by announcing his plans for an ETC mining pool.
When tweets like these appear, one never knows for sure how legitimate they are. People in the cryptocurrency world have a habit of saying things on Twitter to draw out reactions and blast others afterwards. Then again,
Ethereum Classic has been around for much longer than most people gave it credit for in the early stages.It is rather interesting to see the COO of BTCC take such a stance on Ethereum Classic, though. Not too long, he didn’t seem overly convinced ETC would be a real thing. Instead, Ethereum Classic is still here, and some announcement regarding the future development are expected to be announced shortly.
Every cryptocurrency in the world will stand or fall based on support by the mining community. From a profitability point of view, mining ETC has been more profitable than ETH several times. However, it is not possible to dual-mine ETC with Decred or Siacoin, while that is possible when pointing hashpower at the Ethereum network.
Whether or not Samson Mow has legitimate plans to run an Ethereum Classic mining pool, remains to be seen. He is drawing a fair amount of responses, though. Keeping in mind how the overall hashrate of Ethereum Classic is roughly 15% of Ethereum’s it remains to be seen if yet another mining pool will make even the slightest difference.
That being said, it doesn’t look like Ethereum Classic will be going away either. Without a team of developers, the uphill battle will become very steep in the coming weeks. Then again, Charles Hoskinson has acknowledged he will fund three developers himself. For now, it remains anybody’s guess as to who will work on this project, though.
Image credit 1
If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.
A mysterious crypto whale, who previously invested 9,600 SOL into tokens $Pnut and $FRED, has…
An early investor linked to the $ENS token recently transferred 154,000 ENS tokens, valued at…
In a surprising turn, $BABYDOGE has climbed to the top three in Wintermute’s memecoin holdings…
The $Pnut memecoin recently soared past a $120 million market cap, creating unexpected wealth for…
With election season heating up, political memecoins like $PEOPLE, $MAGA, $HARRIS, and $TRUMP are surging.…
Back into Spotlight: Tron Network Fee Cut Could Push TRX to ATH, But This DeFi…
