ETC still active in the world of cryptocurrencies, 2022 will see a renaissance in value
The cryptocurrency market has now produced a completely different trend on a global scale, and the promotion and development of the cryptocurrency market and blockchain technology has also led to more and more institutions and corporate giants entering the cryptocurrency market. A new round of global asset allocation restructuring is about to begin, making people realize that opportunities and risks always exist.
However, there is such a currency in the field of digital currency, but few people understand its actual value. The birth of Ethereum Classic is an interesting one. It was the result of a split in the Ethereum community, and despite all the security measures, someone managed to hack into the Ethereum blockchain. Therefore, an alternative solution was necessary, prompting the introduction of Ethereum Classic.
Ethereum Classic was launched in 2016, and experts even refer to it as the original Ethereum blockchain. As an open source blockchain, it is also a decentralized application that allows the use of smart contracts to initiate business transactions.
Ethereum Classic also has some special features. For example, its native token is ETC, which can participate in various transactions. Currently, smart contracts are in vogue, referring to if-then conditions or agreements outlined in lines of code, the execution of these contracts is also automatic. In addition, miners provide the necessary security for the proof-of-work (PoW) consensus method, and these miners keep an eye on transactions taking place on that blockchain, and they also generate and add new blocks when necessary.
Although not as much in demand as Ethereum (ETH), Ethereum Classic has more merits. Like Ethereum, Ethereum Classic operates in a decentralized atmosphere where no expensive third parties or intermediaries are allowed to participate in peer-to-peer purchases, sales or exchanges. As an immutable version of the Ethereum blockchain, therefore, ETC enthusiasts refer to it as authentic, original and genuine Ethereum. In terms of currency price, ETC tokens are more affordable than ETH tokens. Therefore, it is a boon for beginners. In terms of the capitalization rating of cryptocurrencies, ETC is even in the top 30.
Granted, Ethereum Classic has its risks. Nonetheless, the many advantages it offers cannot be ignored. Overall, the pros outweigh the cons.
Currently, Ethereum Classic remains the favorite of many investors around the world. In fact, ETC is one of the 100 most popular coins in the world. Whether novice or veteran, investors or traders will find it easier to use Ethereum Classic than Ethereum. The “reward” factor is another attraction that has investors and miners fascinated by it. As they continue to earn rewards, they realize that Ethereum Classic can only increase in value over time.
As Ethereum transitions from proof-of-work to proof-of-stake, switching to ETC mining will be a welcome move for many, and mining is one of the cheapest and fastest ways to invest in crypto. In addition, the current well-known cryptocurrency exchanges have made ETC open to the public. On the whole, ETC mining may become the best choice for Ethereum miners in the future.
Currently, the most popular hardware rig for mining Ethereum Classic is the JASMINER X4 High-throughput 1U-C server, which is a strong proponent of mining ETC. This top-of-the-line rig has a hash rate of 450MH/S±10% and consumes only 240W±10%. As a high-end ASIC mining rig, JASMINER X4 High-throughput 1U-C server is not only small and exquisite in 1U form in appearance, but also suitable for various simple environments. At the same time, it also provides powerful processing power for mining ETC, and provides the top configuration of “high hash rate and low power consumption”. JASMINER X4 High-throughput 1U-C server uses high-throughput hashing power to mint ETC coins, which perfectly suits the mining needs of ETC and becomes the well-deserved king of ETC mining.
It is true that the investment value of ETC has been overlooked by some due to the numerous attacks on Ethereum Classic in the past. Nonetheless, ETC is still active in the cryptocurrency world, and in 2022, ETC will regain its value and even its developers think they can improve its security features in the future. As a great investment opportunity, ETC also brings more possibilities for investors to embrace the future of cryptocurrencies. If you are looking for a promising investment with good returns, mining ETC with JASMINER X4 High-throughput 1U-C server might be a good choice.