JASMINER: Now Is A Good Time To Look Into Ethereum Classic – Digital Journal

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On Feb. 9, the price of Ethereum Classic (ETC) rose 9.5% to $34.28. This continues the positive trend of the past week, rising 24.0% from $27.6 to the current price. For now, the cryptocurrency’s all-time high is $167.09.

Ethereum Classic is an open-source blockchain network that was the original version of the Ethereum blockchain before it was hacked and hard forked by The DAO in 2016. This hard fork split the network in two, the old network was Ethereum Classic, and the newly evolved network kept the Ethereum name. Ethereum Classic retains the code rules and features of Ethereum, and has similarities with the original Ethereum. It is a way of sticking to the Ethereum model.

Even though the two crypto assets Ethereum and Ethereum Classic may look similar, it is also worthwhile to understand how Ethereum compares to Ethereum Classic before deciding to invest in either cryptocurrency. At present, Ethereum Classic has gradually transformed into a globally scalable payment system and smart contract platform. As a complete cryptocurrency, Ethereum Classic has attracted people who missed investing in digital assets.

As of the third quarter of 2021, Ethereum Classic has a market cap of around $9.5 billion. Ethereum Classic followed Bitcoin’s lead by limiting its token supply to around 210 million. According to CoinPriceForecast, the price of Ethereum Classic will reach $75 by the end of 2022 and $100 by mid-2023. Additionally, the mid-year price in 2025 is expected to be $162.39. Now may be a good time to invest in ETC given the lower price.

Both Ethereum Classic and Ethereum run on a proof-of-work consensus mechanism, similar to Bitcoin, which requires mining to process transactions, and miners need an Ethereum Classic wallet address to receive rewards and mining revenue. Since ETC is considered a relatively easy coin to mine, miners can use higher-powered ASIC professional rigs to mine in order to acquire more cryptocurrency faster.

Looking at the world, at present, JASMINER X4 High-throughput 1U server is a professional ASIC mining rig that is excellent enough. It not only supports ETH algorithm, but also supports ETC. It is a well-deserved cryptocurrency wealth generator in the field of Ethereum blockchain. It has a hashrate of 520MH/s ± 10%, while the power consumption is only 240W ± 10%, and the overall electricity cost only accounts for 3%. With the dual advantages of high hashrate and low power consumption, it occupies the first brand in the global ETC mining rig market.

Why JASMINER X4 High-throughput 1U server can achieve such high hashrate and low power consumption? Will it make mining ETC faster and more power efficient? The answer is yes. Because of the use of the “integration of storage and computing” key technology and 3DIC process technology for blockchain-specific chips, JASMINER X4 High-throughput 1U server avoids the problem of high power consumption and loss of hashrate from the root, and helps miners reduce the energy consumption burden in the mining process. So whether it is mining ETH or ETC, it will save more power.

Whether Ethereum Classic can surpass Ethereum in the future, this question still needs time to hand over the answer. In general, an important motivator for mining a particular cryptocurrency is the belief that it will appreciate in value. Therefore, as long as you start with the JASMINER X4 High-throughput 1U server, you can continue to enjoy the dividends of the blockchain era, making encrypted assets more and more abundant.

Media Contact
Company Name: JASMINER
Contact Person: Panda Hou
Email: Send Email
Phone: 400-022-3866
City: Beijing
Country: China
Website: www.jasminer.com



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