With Ethereum's transition to ETH 2.0 approaching, miners are proactively shifting their hashpower to alternative coins. Ethereum Classic (ETC), the original chain stemming from ETH's 2016 fork, has emerged as a leading destination. Binance has now unveiled its ETC Mining Pool, launching on March 28, 2022, accompanied by a $10,000 bonus pool to attract large-scale miners.
Ethereum Classic Hashpower Surges Pre-ETH 2.0
Data from 2miners reveals a clear upward trajectory in ETC's network hashrate since March 21, with mining difficulty climbing from 302T to 362T at press time. This migration has positively impacted ETC's price, currently at $47, enhancing mining profitability.
Key Advantages for ETH Miners Switching to ETC
- Seamless Transition: Identical mining algorithm (ETCHash/ETHash) requires no parameter adjustments
- Hardware Flexibility: 4GB GPUs remain viable with ETC's 2.922GB DAG size
- Cost Efficiency: Lower energy consumption compared to ETH mining setups
Binance ETC Mining Pool Features
| Feature | Detail |
|---|---|
| Settlement | PPS+ model |
| Minimum Threshold | 15Gh/s for bonus eligibility |
| Rewards Structure | Tiered BNB bonuses up to $600 |
| Wallet Integration | Direct deposits to Binance accounts |
👉 Claim Your Share of the $10,000 Mining Bonus
Bonus Pool Structure
- Top 3 Miners: $600 BNB equivalent
- Rank 4-10: $400 BNB equivalent
- Rank 11-20: $240 BNB equivalent
- Rank 21-50: $100 BNB equivalent
FAQ: ETC Mining Transition
Q: How does ETC mining differ from ETH?
A: Identical mining process, but with lower hardware requirements and reduced energy costs.
Q: When should miners switch from ETH to ETC?
A: Gradually transition as ETH moves toward Proof-of-Stake, but monitor profitability metrics.
Q: What happens to ETC after ETH 2.0?
A: ETC will remain Proof-of-Work, potentially absorbing ETH's former mining ecosystem.
Q: Is Binance's pool better than independent mining?
A: Offers stability payments (PPS+) and eliminates transaction fees for Binance users.
Note: All mining rewards subject to market conditions and pool participation rates. Always calculate profitability using updated metrics.