As reported by Colin Wu, Ethereum mining machine maker Innosilicon has released ETC firmware for A10pro 500M and A10pro 720M servers that can be used for ETC mining. ETC firmware for A11 is currently under development.
Ethereum mining machine maker Innosilicon announced that it has released ETC firmware for A10pro 500M and A10pro 720M that can be used for ETC mining. ETC firmware for A11 is currently under development. https://t.co/jcR3RjGbMv
— Wu Blockchain (@WuBlockchain) July 30, 2022
Here is the translation of the official announcement: “Based on the future Ethereum consensus mechanism (algorithm) POW to POS situation, we have developed his ETC firmware for A10pro 500M and A10pro 720M servers, which have passed the test, according to customer requirements. It is published here for
Ethereum Classic will continue to use Proof of Work (PoW) consensus while the Ethereum network switches to Proof of Stake (PoS) protocol. With PoS, Ethereum will fundamentally change its block verification and creation of new Ethereum (ETH). This eliminates the need for specific mining equipment or firmware.
However, Ethereum Classic still uses rigs and firmware to mine its native cryptocurrency, ETC.
Ethereum Classic Price Up 54% Weekly
At publication, Ethereum Classic is trading at $39.85, down 4.84% over the past 24 hours and up 54% from last week. The weekly increase compared to the rest of the top 20 was partially driven by speculation that ETH miners might switch to ETC in the event of a “merger.”
thank you very much @AntPool official for your support #Ethereum ClassicIt is very much appreciated.
i was happy to spend the day with you @leonlv2028, Lucien, Rory and Lily are discussing how to put the promised funds to good use today. stay tuned! ?#WDMS2022 pic.twitter.com/czeMrMFMbU
— Bob Summerwill (@BobSummerwill) July 27, 2022
In light of all the recent attention ETC seems to be receiving, AntPool, a mining pool connected to mining rig giant Bitmain, has raised its first $10 million to promote the Ethereum Classic ecosystem. announced an investment. It claims that this was done to improve network performance and to research and develop apps for the Ethereum Classic mainnet. Bitmain also recently revealed that it will start adopting his ETC on all Antminer models.