How to mine Ethereum Classic (ETC)?

Table of contents

The Ethereum Classic mining algorithm is Etchash. It allows you to mine ETC on video cards with at least 4 GB of video memory. The size of the DAG file ETC.

In September 2022, the largest PoW-GPU cryptocurrency Ethereum switched to PoS (ETH 2.0), that is, it stopped mining on video cards!

В связи с этим, майнинг Ethereum Classic (ETC) может получить огромную поддержку, так как майнеры ETH будут вынуждены перейти на майнинг других криптовалют.

Most likely, according to forecasts, after the ETH merger, miners will switch to Ethereum Classic, a coin that still uses the Proof—of-Work mechanism to protect its network.

The transition of miners to the ETC network can make this coin one of the largest networks - after ETH 2.0 PoS.

Vitalik Buterin and the Ethereum community believe that miners will switch to the Ethereum Classic network.

On the other hand, there are miners who disagree with this statement. At the time of writing, ETC is not the most profitable coin (if we talk about the latest generation AMD / Nvidia graphics cards). Miners are not ready to work for the idea and will look for more profitable coins.

Some of the best PoW coins in terms of profitability for GPU are: Neoxa, Ravencoin, Flux, Firo and others.

We wrote an exhaustive article: "What to mine after switching Ethereum to POS? A list of profitable coins for mining. Is it worth collecting mining farms?", in which they listed the most profitable PoW coins and answered the most important questions!

ЧИТАЙТЕ
What to mine after switching Ethereum to POS?

So, in this article we will figure out how to mine Ethereum Classic, as well as answer many other important questions related to mining ETC!

System requirements mining farms

Video cards (NVIDIA and AMD, video memory of at least 4 GB).
Operating system: Windows, Linux.
Virtual memory (swap file): Set 5 GB of virtual memory for one video card (set 30 GB for 6 video cards).
Mining software: Phoeinx Miner, T-Rex, Gminer, lolMiner, Rigel and others.

How to mine Ethereum Classic: a quick answer!

In fact, mining Ethereum Classic is not much different from mining ETH. Yes, it works on a slightly different algorithm – Etchash, but the setup principle is almost the same.

In short:

Creating a wallet. Suitable: hardware, multicurrency, official, stock exchange (for example Huobi)
Choosing a pool for mining
Choosing a mining program: Phoeinx Miner, T-Rex, Gminer, lolMiner and others.
Creating .Bat file with settings
Launching the miner

Next, we will look at all these points in detail.

How to mine Ethereum Classic?

So, let's look at all these points in more detail. Let's start with the first point: creating a digital wallet ETC.

How to create a digital wallet ETC? Which one will do?

For mining ETC, you can use the following type of wallets:

Hardware: Ledger, Trezor and others
Web Wallet: MyCrypto, MyEtherWallet, Portis and others
Multicurrency: Exodus, Trust Wallet, Jaxx Wallet, Atomic Wallet, and others
Embedded in the browser (extensions): MetaMask and others
Exchanges: Huobi, Kucoin etc

These are some of the most popular wallets. You can find more wallets for mining ETC on the official website of the coin!

Please note that the exchange is the worst option for storing cryptocurrencies and mining on it! Throughout the history of cryptocurrencies, exchanges have often been hacked, or the owners of the exchanges themselves have stolen funds. Therefore, store coins on official, hardware or multi-currency wallets!

Example of a wallet address ETC: 0x1DE28FDcfF94656CBaCe3557FD1239CC0F61a3dE

Mobile Wallets-Applications:

You can also use mobile wallets, such as: Cobo.

After you have received a digital coin wallet, we proceed to the selection of a pool for mining.

Ethereum Classic Mining Pool

At the time of writing, there are more than 80 mining pools of Ethereum Classic!

The most popular (with the highest hashrate):

Pool	Commission	Minimum payout	~ Hashrate	~ Hashrate as a percentage among all pools!
poolin.com	3 % PPS+	0.2 ETC	9.27 TH/s	18%
f2pool.com	0 % PPS	0.1 ETC	9.08 TH/s	17%
ethermine.org	1 % PPLNS	0.1 ETC	8.10 TH/s	15%
2miners.com	1 % PPLNS	0.1 ETC	6.93 TH/s	13%

You can find all the pools that allow you to mine ETC on the website: miningpoolstats.

After you have chosen a pool convenient for you and received a digital coin wallet, you need to configure .BAT file.

Download Ethereum Classic mining software

Program	Series	Setup and Download
Phoenix Miner	AMD/Nvidia	Скачать и настроить
T-Rex miner	Nvidia	Скачать и настроить
Gminer	AMD/Nvidia	Скачать и настроить
lolMiner	AMD/Nvidia	Скачать и настроить
NBMiner	AMD/Nvidia	Скачать и настроить
TeamRedMiner	AMD	Скачать и настроить

All these miners support AMD and NVIDIA graphics cards and are available for both Windows and Linux.

On our website there are detailed reviews of all of the above miners: how to set them up, a description of all the commands, how to set up LHR unlocking, problem solving and much more.

You will also find in these articles ready-made programs (customized .BAT files), where you will only have to replace digital wallets with yours!

Now let's take a detailed look at the setup of each miner, let's start with Phoenix miner.

Phoenixminer: Setup for Ethereum Classic mining

Phoenixminer is the most popular miner for mining ETC at the moment (and was the most popular for mining ETH).

Ready. The bat file looks like this:

PhoenixMiner.exe -pool etc-eu2.nanopool.org:19999 -wal 0x1DE28FDcfF94656CBaCe3557FF1239CC0F61a3cE -worker Bytwork -pass x -log 0 -retrydelay 1 -Rmode 1 -fret 1 -rate 1 -coin etc pause

Let's analyze in more detail:

PhoenixMiner.exe - this program key. This way we indicate which program will be launched. We leave it as it is
-pool etc-eu2.nanopool.org - pool server. We change to another pool or leave NanoPool
:19999 – the port of the pool. In this case, the Nano Pool port (coin ETC)
-wal 0x1DE28FDcfF94656CBaCe3557FF1239CC0F61a3cE – specify your digital wallet
-worker Bytwork is the name of your farm's worker. Used for the convenience of tracking statistics
-pass x - password on the pool. Almost never used on pools. For Nano Pool we leave "x"
-log 0 - responsible for logging miner events. 0 - means not to keep a log. If you set -log 1, then a log will be kept
-coin etc – specify a specific coin (ETC)
pause - means that if you configure something incorrectly, the miner will not close immediately, but will display an error code

That's all, save it.BAT file and run it. Mining will be launched!

You will find the settings for the other pools in this review. Download the program, select a pool and change digital wallets.

Gminer: Setting up for Ethereum Classic mining

Now consider the second most popular program – Gminer.

Full setup, LHR Unlock, all command line arguments, problem solving and much more you can find in the review for this program on our website!

Ready. The bat file looks like this:

miner.exe --algo etchash --server etc.2miners.com:1010 --user 0xa2a43D5E417fe1c1r28c4210439E27301eDA8b2e pause

Let's analyze in more detail:

miner.exe - this is the program key. This way we indicate which program will be launched. We leave it as it is
--algo etchash - specify the algorithm of the mined coin
--server etc.2miners.com - pool server. Change to another pool or leave 2miners
:1010 – the pool port. In this case, the port is 2miners (coin ETC)
--user 0xa2a43D5E417fe1c1r28c4210439E27301eDA8b2e – specify your digital wallet
pause - means that if you configure something incorrectly, the miner will not close immediately, but will display an error code

That's all, save it.BAT file and run it. Mining will be launched!

You will find the settings for the other pools in this review. Download the program, select a pool and change digital wallets.

Lolminer: Setting up for Ethereum Classic mining

Ready. The bat file looks like this:

lolMiner.exe --algo ETCHASH --pool etc.2miners.com:1010 --user 0xa2a43D5E417fe1c1r28c4210439E27301eDA8b2e.lolWorker pause

Let's analyze in more detail:

lolMiner.exe - this program key. This way we indicate which program will be launched. We leave it as it is
--algo etchash - specify the algorithm of the mined coin
--pool etc.2miners.com - pool server. Change to another pool or leave 2miners
:1010 – the pool port. In this case, the port is 2miners (coin ETC)
--user 0xa2a43D5E417fe1c1r28c4210439E27301eDA8b2e – specify your digital wallet
pause - means that if you configure something incorrectly, the miner will not close immediately, but will display an error code

That's all, save it.BAT file and run it. Mining will be launched!

You will find the settings for the other pools in this review. Download the program, select a pool and change digital wallets.

Other miners for mining Ethereum Classic

There are several more miners for mining ETC.

For all the manners listed below, there are also detailed instructions on our website!

Setting up for T-Rex:

t-rex.exe -a etchash -o stratum+tcp://etc.2miners.com:1010 -u 0xa2a43D5E417fe1c1r28c4210439E27301eDA8b2e -w TRexWork -p x pause

Setup for Team Red Miner:

teamredminer.exe -a ethash -o stratum+tcp://etc.2miners.com:1010 -u 0xa2a43D5E417fe1c1r28c4210439E27301eDA8b2e.NameWorker -p x pause

Setup for NBminer:

nbminer.exe -a etchash -o stratum+tcp://etc.2miners.com:1010 -u 0xa2a43D5E417fe1c1r28c4210439E27301eDA8b2e. NameWorke pause

There are also the following miners (less popular):

Where to get the pool settings for the miner?

There is a tab on the site of each pool, which is most often called "Start Mining", "HOW TO CONNECT", "How to Start" or something similar.

For example, on the ethermine pool, going to the ETC mining page, click on the "Start Mining" button.

A pop-up window will open with all the settings that you need to specify in the miner:

The 2miners pool has a similar situation. Go to the mining page ETC. In the upper right corner we find the "How to Start" button, click on it.

A new page will open where all the pool settings for the miner will be shown.

As you can see, the order of actions is the same everywhere, plus or minus.

The best overclocking for Ethereum Classic mining

Video cards can be overclocked well and get an excellent hashrate with low consumption in Ethereum Classic mining.

On our website there is a detailed article with overclocking for all modern video cards!

ЧИТАЙТЕ
Overclocking AMD and Nvidia video cards in Ethereum Classic mining (ETC). Best overclocking Mh/kWh

In this article, the tables show different overclocking options for different GPUs. In them you will find overclocking options with the best consumption and with a good hashrate, with minimal consumption and no large hashrate, with maximum overclocking and high consumption, as well as average indicators!

Ethereum Classic: Online calculators

Once you know your hashrate, you will be able to calculate your income, thanks to the online calculator:

All these online Ethereum Classic calculators are constantly updated and show accurate numbers.

The following information is preloaded in them: current information about mining blocks, the hashrate of the entire network, the cost of electricity (you can catch it yourself, depending on yours) and complexity.

You just need to enter the hashrate of your video card (or the entire farm), the GPU power consumption (or the entire mining rig) in watts and the pool commission (usually 1%).

Based on your hashrate, network complexity, power consumption, coin price and cost, the calculator will calculate how much ETC you will mine and how much profit in dollars you will earn from mining ETC.

How long does it take to get 1 ETC?

At the time of writing, ETC is being mined quite simply, and you won't have to wait long.

Mining 1 ETC per day

To receive 1 ETC per day, you need a minimum hashrate of your mining farm – 3100 Mh/s and then this indicator will only grow, since after leaving ETH for PoS, many miners switched to mining ETC.

Thus, you should have a mining farm, at least from the following number of video cards.

GPU	Quantity (pieces)
Nvidia 3060	76
Nvidia 3070 LHR	51
Nvidia 3070	49
Nvidia 3080	32
Nvidia 3080 TI	27
Nvidia 3090	26
Nvidia 2080 TI	55
Nvidia 1080 TI	72

AMD 6900 XT	50
AMD 6800 XT	51
AMD 6800	51
AMD 6700 XT	67
AMD 5700 XT	56
AMD Vega 64	61
AMD RX 580	98
AMD RX 570	100

Mining 1 ETC per week

To earn 1 ETC per week, you need to have a hashrate of at least 450 Mh/s.

Please note that this hashrate will also be lacking over time (to earn 1 ETC per week), since many miners switched to mining ETC after leaving ETH for POS, which means the complexity of the network will grow, which will lead to less income.

Thus, you should have a mining farm, at least from the following number of video cards.

GPU	Quantity (pieces)
Nvidia 3060	11
Nvidia 3070 LHR	8
Nvidia 3070	7
Nvidia 3080	5
Nvidia 3080 TI	4
Nvidia 3090	4
Nvidia 2080 TI	8
Nvidia 1080 TI	11

AMD 6900 XT	49
AMD 6800 XT	7
AMD 6800	8
AMD 6700 XT	10
AMD 5700 XT	8
AMD Vega 64	9
AMD RX 580	15
AMD RX 570	15

Mining 1 ETC per month

To earn 1 ETC per month, you need to have a hashrate of at least 100 Mh/s.

Please note that this hashrate will also be lacking over time (to earn 1 ETC per month), since many miners switched to mining ETC after leaving ETH for POS, which means that the complexity of the network will grow, which will lead to less income.

Thus, you should have a mining farm, at least from the following number of video cards.

GPU	Quantity (pieces)
Nvidia 3060	3
Nvidia 3070 LHR	2
Nvidia 3070	2
Nvidia 3080	1
Nvidia 3080 TI	1
Nvidia 3090	1
Nvidia 2080 TI	3
Nvidia 1080 TI	3

AMD 6900 XT	2
AMD 6800 XT	2
AMD 6800	2
AMD 6700 XT	2
AMD 5700 XT	2
AMD Vega 64	2
AMD RX 580	4
AMD RX 570	4

Reward for mining block ETC / inflation

Ethereum has no limit on the issue of coins (the number of coins that will be issued at all times). For example, Bitcoin has it – 21.000.000 coins.

Ethereum Classic, on the other hand, voted to limit its maximum number of coins. In total, 210.700.000 coins ETC will be released to the market. This means that only such a number of ETC coins will always be in circulation.

If you think sensibly, there will be even fewer coins, since some of the coins have been lost, some have been burned on purpose.

The developers adopted this monetary policy in December 2017. Thus, at the time of writing, 65% of the total number of coins were mined, which is 136.265.906,41 coins ETC.

It is now expected that mining ETC will continue until about the middle of 2025.

The ETC blocking time is 15 seconds, that is, on average, newly created ETC coins enter circulation every 15 seconds.

ETC also has a block reward reduction similar to Bitcoin, which halves the reward every 4 years or 210.00 blocks.

Ethereum Classic reduces the reward for its blocks by 20% for every 5,000,000 blocks.

At the time of writing, the reward for 1 block of ETC is 2.48 coins of ETC!