Ethereum Classic is not a new cryptocurrency, but it arose from the division of the cryptocurrency Ethereum. Both blockchain are identical in each aspect, at least until the block 1920000, which is where the fork occurred that had as objective to return the tokens that had been lost after the hacking of the Decentralized Autonomous Organization (DAO for its acronym in English), which means that until that moment, all transactions, as well as balances and purses that were supported by the blockchain, are still valid.
After the hard-fork was produced, the blockchains were divided into two and work individually.
Ethereum Classic continues to offer the same features as Ethereum, such as the creation and deployment of intelligent contracts, as well as the creation of decentralized applications. In addition to having the same specifications regarding the average time of the blocks, the size and the reward received by each one.
In this tutorial we will explain how to mine Ethereum Classic on a PC. For this we have chosen the Claymore DualMiner mining client and the Nanopool mining pool.
Claymore DualMiner is the default client of most Ethereum extraction enthusiasts. It allows you to mine Ethereum / Ethereum Classic together with another cryptocurrency such as Decred / Siacoin / Lbry / Pascal simultaneously, thus maximizing the parallel processing power of the GPU.
Nanopool is one of the most popular mining pools of the moment to extract Ethereum, Ethereum Classic, Zcash and Monero. Through its official site https://nanopool.org/ we can easily install and configure the Claymore Dual Miner mining client , as we will see below.
Some of the advantages of this mining pool are the following:
- The rate is only 1%
- Regular payments
- No extra payment commission
- The default minimum payment is 1 ETC
- Adjustable minimum payment threshold
- An AMD / NVIDIA graphics card with a minimum of 3 GB of GDDR5 memory *
- The latest graphics drivers available
- Windows 7 x64 or higher
- A wallet address or Ethereum wallet.
* Minar Ethereum at this point requires a GPU of at least 3 GB due to the size of the DAG file. The DAG (Directed Acyclic Graph) file is essentially a database of the existing blockchain. To extract the next block, your hardware must know all the existing blocks. At the time of writing, the DAG is just over 2 GB and continues to grow. The vast majority of mining customers load all the DAG into the VRAM of your graphics card. Without sufficient capacity, the GPU can not even start mining operations.
Based on expert opinions, we believe that this is the best possible configuration for mining Ethereum Classic and other cryptocurrencies based on the Ethash algorithm (November 2017):
- Power supply (up to 5 GPUs): * EVGA SuperNOVA 1200 P2 80+ PLATINUM ($ 270) http://amzn.to/2FKkGGz
* To calculate the total energy consumption of the equipment use the Outervision online watt calculator: https://outervision.com/power-supply-calculator
We need an Ethereum Classic wallet or purse to receive the rewards for each mined block. In this case we have chosen Jaxx, a light wallet and quite safe. Jaxx is multiplatform and supports different cryptoactives, such as Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Dash and Zcash, among others.
Download the Jaxx client for Windows from its official site https://jaxx.io/ , or if you prefer, the extension of Google Chrome, which only weighs 3MB. Once the file is downloaded, run it and proceed to create a new Ethereum wallet.
Select “Ehereum Classic” from the list of options and click “take me to my wallet”
Copy the address of your wallet and keep it in a safe place, as we will need it later
The next step will be to download the Claymore Dual Miner mining client from the Nanopool website. From here we can not only download the most compatible version of this mining pool, but we can also configure the client in a simple way.
To do this, we go to https://nanopool.org/ and click on the “Quick Start” button located at the bottom of the section dedicated to Ethereum Classic.
A new window will open from where we will download the mining client (navigate to the “How to connect” section).
Now click on “Download Claymore DualMiner” to start the client download, which will be contained in a .zip file (“Claymore.s.Dual.Ethereum..GPU.Miner”). Once you have downloaded it, create a new container folder in any location of your PC (For example in: “C: / Claymore”), and extract all the contents of the .zip file that you just downloaded there.
Go back to the main page of Nanopool, and from the window that we opened previously (Ethereum Classic / Quick Start / How to Connect) click on “Generate Your Config”.
A new window will open in which you will have to indicate the configuration parameters of the mining client:
OS: Your operating system (Windows / Linux)
GPU vendor: Select the manufacturer of your GPU (NVIDIA / AMD)
Worker name: Set the name of your worker, for example: “rig1” (try not to use blank spaces)
Email: Enter your email address.
Main server: Select the server closest to your geographical location.
First algorithm: Select the main mining algorithm, in this case we will choose Ethereum Classic
First algorithm address: Your wallet address or Ethereum Classic wallet (place here your Ethereum Classic address of Jaxx)
Second algorithm:Select the secondary mining algorithm for dual mining, or if you prefer, select “none” to mine only Ethereum
Second algorithm address: Enter the wallet address of the secondary algorithm (if you are only going to mine Ethereum leave this box blank)
Once you have finished, click on “generate”. Nanopool will create the necessary files to configure the miner. Upon completion, a compressed folder (claymore_config_nanopool.zip) with the following files will be downloaded:
- epools.txt
- start.bat
Extract these 2 files in the folder where you previously extracted the files from the Claymore mining client:
Our mining client is ready to begin mining Ethereum Classic. To start it, we just have to execute the file start.bat that we just extracted in the container folder, and once this is done, we will only have to wait for it to start. A new command window will open indicating the speed and other mining statistics. We will not need to do anything else. Congratulations! You’re already mining Ethereum Classic.
Once we have started to mine, we can verify that everything works correctly by entering our Ethereum Classic address to the Nanopool website.
Enter the Nanopool Ethereum Classic mining portal: https://etc.nanopool.org/
Copy the address of your Ethereum Classic wallet or wallet and paste it into the search box located in the top navigation bar (where “Address” is indicated) and then click “Search”
If everything works properly, a page will be loaded with the latest statistics of your mining rig, mining time, hashrate, income, etc.
As you can see, this is one of the simplest forms currently available to mine Ethereum Classic. If you still have problems, or prefer a simpler method, there are some options available in the market, such as the mining clients of MinerGate(https://es.minergate.com/) and Nicehash (https: //miner.nicehash .com/). These mining clients are recommended especially if you do not have much experience, since they have an intuitive graphical interface, and also have some advanced functions, such as mining the most profitable cryptocurrency of the moment automatically.
Original article and pictures take digitalbodha.com site
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