As reported by Collin Wu, an Ethereum mining machine producer Innosilicon has launched ETC firmware for A10pro 500M and A10pro 720M servers, which can be utilized for ETC mining. The ETC firmware for the A11 is at present below improvement.
Ethereum mining machine producer Innosilicon stated it has launched ETC firmware for A10pro 500M and A10pro 720M, which can be utilized for ETC mining. The ETC firmware for the A11 is at present below improvement. https://t.co/jcR3RjGbMv
— Wu Blockchain (@WuBlockchain) July 30, 2022
A translation of the official announcement reads: “Based mostly on the long run Ethereum consensus mechanism (algorithm) POW to POS scenario, on the request of our prospects, we’ve got developed the ETC firmware for A10pro 500M and A10pro 720M servers, which have handed the check and are publicly launched right here for the comfort of buyer.”
Ethereum Traditional will proceed to make use of the proof-of-work (PoW) consensus even whereas the Ethereum community works to change to a proof-of-stake (PoS) protocol. With PoS, Ethereum will essentially alter its block validation and the creation of latest Ethereum (ETH). This may make it pointless to want particular mining gear and firmware.
Nonetheless, Ethereum Traditional will preserve utilizing rigs and firmware to mine its native cryptocurrency, ETC.
Ethereum Traditional value climbs 54% weekly
On the time of publication, Ethereum Classic was altering fingers at $39.85, down 4.84% within the final 24 hours and up 54% for the reason that previous week. The weekly beneficial properties as in comparison with the remainder of the highest 20 have been partly pushed by hypothesis that ETH miners may change to ETC within the occasion of the “Merge.”
I had the pleasure of spending the day with @leonlv2028, Lucien, Rory and Lily right now speaking although methods to place the pledged funds to good use. Keep tuned! 😀#WDMS2022 pic.twitter.com/czeMrMFMbU
— Bob Summerwill (@BobSummerwill) July 27, 2022
In gentle of all of the current consideration ETC seems to be receiving, AntPool, the mining pool related to the mining rig behemoth, Bitmain, disclosed investing an preliminary $10 million to advertise the Ethereum Traditional ecosystem. It claims that this was performed to advance community efficiency in addition to to discover and develop apps for the Ethereum Traditional mainnet. Bitmain additionally not too long ago disclosed that it could begin taking ETC for all of its Antminer fashions.