Firmware Introduced by Innosilicon for Ethereum Classic’s Mining
This July is certainly a beneficial month in the case of Ethereum Classic. Despite the continuous decline in the crypto market, substantial advancement is being witnessed in ETC’s operations. During the previous 24 hours, the rate of the exchange has elevated by nearly 20%, and a jump of up to 169% has been witnessed in a recent couple of weeks. As considerable hype is taking place around the token, a majority of the crypto community is not unaware of it.
Trending now: FTX Hearing Set for December 1st
Innosilicon Introduces Exclusive Mining Firmware for ETC Mining on ASIC
Manufacturers of mining devices are also in knowledge of this progression. At the moment, the consumers are permitted to formally perform the mining of ETC tokens with Innosilicon A10 as well as A10 Pro. A10 is considered to be a famous mining device developed on the behalf of Innosilicon. A noticeable thing in this respect is that the customers could have carried out Ethereum Classic’s mining in an efficient way with A10 in advance of this as the network of ETC was utilized at that point to operate on the Ethash algorithm such as the main Ethereum (ETH).
A couple of years back, Ethereum Classic shifted to the exclusive algorithm named Etchash after the Thanos hard-fork. The chief reason behind the respective hardfork’s inclusion was to minimize the space taken by the DAG file (a core requirement for the mining of cryptocurrency). With the hard-fork, 4GB and 3GB GPUs were enabled to keep mining ETC, and ASICs were shielded from ETC mining.
As the ASIC miners will be left behind by the hard-fork, this seems to be a hazard to the decentralization of blockchain. Nonetheless, that matter has not remained relevant anymore, hence the manufacturers of ASIC miners have made them capable of ETC mining.
The Driving Factors behind the Advancement of Ethereum Classic
Initially, the usual Ethereum (ETH) is to transfer to the Proof-of-Stake mechanism of consensus on the 19thof September this year. Following the upgrade, it will turn into an impossibility to use GPUs for ETH mining.Despite firstly being derived from the main chain of Ethereum, Ethereum Classic does not intend to have a transfer to PoS,however, the fans of the Proof-of-Work consensus mechanism will be capable of mining Ethereum Classic. In the words of VitalikButerin (the co-founder of Ethereum), the ETC network is a completely fine chain.
