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The reason this is possible for etc is because it's a small chain nobody uses with blocks that can be mined with hardware from much larger chains. There is no l
by beaned 4y ago
The reason this is possible for etc is because it's a small chain nobody uses with blocks that can be mined with hardware from much larger chains. There is no larger compatible proof of work chain than Bitcoin.
- latchkey 4y agoCorrect. There can only be one top algo/coin per class of hardware. Once ETH PoS happens, ETC will be the top GPU coin (at least to start) and the deposit times should go back down again. One thing ETC has going for it is that the algo is the same as ETH. Very large farms will struggle to retune GPUs for different algo workloads. There is also the issue of different power requirements too.
- once_inc 4y agoThis makes me wonder if I should speculate on the future price of ETC rising right after the merge, because most miners will switch their hashing power to that chain.
- latchkey 4y agoMy theory is the price will jump up on the speculation and then head to zero as the large miners dump on dumb retail.