what's going on everyone and welcome to the Rabid Mining youtube channel and today i kind of want
to talk a little bit about ethereum classic and what we can kind of expect on it once ethereum
does move to proof of stake and they finally you know go through with the merge which may happen
sometime by the end of this summer now ethereum is sitting currently around little over one peda hash
in terms of hash rate which is 1 000 terahash now 60 to 70 of this i believe is probably gpus
which leaves 30 to 40 percent in terms of asics at that higher end we're sitting right about here at
around the 400 tara hash mark at 40 percent now most of us believe or a lot of you out
there believe that all these asics don't have anywhere else to go except for ethereum classic
well that's not entirely true not anymore now if you guys remember back to october of 2020 now if
you're newer to mining you may not know about this but ethereum classic was go undergoing you know
multiple 51 attacks and they needed more security sha-3 moving to a more heavy asic algorithm
was one of their implementations they wanted to do but then they did drop their dag file
with the thanos hard fork to allow as low as three gigabyte gpus and take all those four
gigabyte gpus that were falling off ethereum at the time over to etc to boost up that security
now this is where things get interesting what also got implemented during this hard fork was a
new mining algorithm for etc instead of going with eth hash it is now known as etc and the hard fork
is also going to change the mining algorithm from eth to etc etc hash is a modified dagger hashimoto
algorithm that etc will use from now on as the etc developers say on github it is comparable in
its behavior to ethereum foundation's eth hash but allows for the long-term viability of gpu mining
with cards that have low memory three gigabyte four gigabyte and six gigabyte available the
algorithm change will also free the network from asics etc is a modified version of eth with new
changes integrated into it so existing asics will not be able to process the new algorithm
as they can work only with predefined parameters the hash rate will be distributed among gpu owners
and so computing power will be less centralized now if we go over to asic minor value and the most
popular miners that were sold around this time is those lindsey's that they aren't displayed here
as well as the in silicons were the most popular we got the a10s the 810 pro pluses the a11 and as
i'm aware right now they are not working on any type of firmware to allow it to mine etc hash if
we actually go in here and scroll down to the co minable coins it does have ethereum classic still
listed but as f hash and not etc if we then move over to each coins here we can see that we have
ethereum zilliqa and all sorts of other coins here but they all follow under eth algorithm so
these miners can mine here but what you don't see here is ethereum classic ethereum classic again
ever since that thanos hard fork is now known as etc hash so the majority of these miners
that are currently mining eth cannot move over to ethereum classic now that is with the exception of
a few minor we know the jazz minor i've tested one it can safely and easily swap over to etc
as well as with the ipolos some are able to mine both algorithms and there's a few of those
miners which are being made strictly for ethereum classic only so you know basing everything off the
a10 sales and everything and everything that came out we could potentially drop this by because we
don't know how many asics on the network for sure down another 50 percent or so so there may only be
about 200 tara hash worth of asics which is wow it's way down here about right here hanging out
that can actually move to ethereum classic so if ethereum classic doesn't really need much of
a boost to start making things you know decently profitable but again with the hash rate coming in
in terms of gpus throughout this huge tidal wave here it all depends on how many miners
are actually going to quit and how many miners are actually going to fluctuate across all the other
coins as well i'm just going to do a quick profitability test here between an rtx 3080
versus the single apollo they're both around the same price range of around eight hundred dollars
so coming in here the only difference here is obviously the apollo gets quite a bit more mega
hash than a 3080 non-lhr and does it at quite a bit less power at the current profitability
right now we can see that one of these apollos is making more than a single 30 80 is
mining ethereum so these are still even in the current bear market extremely profitable to mine
again we have no idea how it's going to play out once ethereum does move to pos we do got to find a
home for all of our gpus and the way it currently sits none of these coins can currently support
any of this extra hash rate okay guys so for a quick recap here it does look like ethereum
classic will not be as heavily saturated with asics as we initially thought as most of them
and the most popular ones will not be able to switch to etc hash now this is confirmed
you know by some people that i know that do have a10s and 810 pluses who have tried and have also
tried to reach out to the company and it doesn't seem like any firmware is in the works so you know
this is good news for gpus it's another coin that we may potentially have a chance with uh obviously
early on it will have the jazz miners and apollos on it so if you are someone that truly believes
ethereum classic could see some nice price gains in the future and it could become very profitable
then you know one of these a6 may be for you but if you don't think this is going to happen you
really think it's flux or ravencoin or whatever else obviously you're going to want to stay away
from them asics and use your gpus and try to mine you know any of those other coins because really
right now the way it sits we have no idea how anything's going to play out once ethereum does
move to pos so thanks for checking out this video everyone i hope this did bring a little more light
because it does make the future look slightly brighter than what we initially intended now
i did totally forget about this thanos hard fork until a member did bring it up asking you know is
this actually a thing and can it happen and after doing further research yes it looks like most of
these asics will not be able to switch so that's good you know in terms of gpu mining so thank you
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