Cryptocurrency Q&A
Can ETC still be mined?
Can ETC still be mined?
Silvia
Sun Dec 29 2024
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5 answers
1209
I'm wondering if it's still possible to mine ETC. I've heard about Ethereum Classic and I'm curious if the mining process is still active and profitable for this cryptocurrency.
5 answers
Maria
Tue Dec 31 2024
Ethereum underwent a significant transformation in 2022 by shifting from a Proof of Work (PoW) algorithm to a Proof of Stake (PoS) algorithm.
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Riccardo
Tue Dec 31 2024
This change marks a pivotal moment for the Ethereum network as it transitions to a more energy-efficient and scalable consensus mechanism.
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mia_clark_teacher
Mon Dec 30 2024
With the implementation of PoS, Ethereum users can now participate in staking, which involves locking up their coins to help secure the network and earn rewards.
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SoulStorm
Mon Dec 30 2024
Despite the shift to PoS, Ethereum Classic (ETC) remains committed to the PoW algorithm.
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HanRiverVisionary
Mon Dec 30 2024
Mining Ethereum Classic remains an option for those who prefer the traditional Proof of Work method.
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