Altcoins News

Story: Ethereum Classic Miners are happy to Mine ETC and Hold Due to Better Hash Rates

By Dan Saada

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ETC Cooperative tweeted: After reaching new all-time highs (~33.8Th/s) in network hash rate Ethereum Classic is appearing to stabilize across the many pools.

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The first quarter ETC Q1 2021 transparency report is out. There seems to be no change in the budget for 2021.

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The report concludes stating, “Project Phoenix is the code name given to the plan we will use to successfully accomplish adding a Treasury, and new mining algorithm Keccak.

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Preliminary Treasury Call was over at ETC Discord on:  Wednesday, May 12; 15:00 UTC, 11:00 EST, 8:00 PST.

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Those who were concerned about the price:  ETC is down by approx 35% from its ATH Can we expect pump in near future?

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Others were concerned about too much hypes like $1000 to $500 this year.

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For those who are new, there is a getting started with ETC guide offered by Etherplan.  Someone who has no knowledge about crypto will benefit from the precedents, basics,…

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The guide also has a logic that explains why the price of ETC will increase by 1000X. It is an evergreen content by Donald McIntyre and it is worth exploring.

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After citing all reasons, Donald concludes stating, “If the base layer only achieves 50% of the value of gold, then Bitcoin will be worth $2 trillion or around $95,000 per BTC,…

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There are also price predictions for the current and coming crypto cycles. The predications are given by the 4 year crypto bull market cycles (e.g.

The Currency Analytics

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