For those wanting to pool mine on the Original Chain there is a pool
http://pool.ethereumclassic.com/#/"Please do not upgrade to geth 1.4.10 before the hard fork. Mine with geth 1.4.9 and below until further notice that it's safe to upgrade".
You can read why... here
https://bitcoinmagazine.com/articles/rejecting-today-s-hard-fork-the-ethereum-classic-project-continues-on-the-original-chain-here-s-why-1469038808
Comments
Let me express my view and ask several questions.
If the hardfork succeeds and Ethereum stays alive, this precedent shows, that any guarantees provided by public blockchains can be violated. But why cryptocurrencies are so popular nowadays? Because people love those guarantees: guarantee of prespecified emission rate, guarantee of finite supply of tokens, guarantee of freedom from censorship. If only one of those guarantees doesn't hold, cryptocurrencies become less attractive, it takes some time to realize that maybe. But why other guarantees would hold if one of them was violated? Are you sure, that in several years a high authority won't decide that the economy needs more units of ether and another hardfork won't be performed? Now, why an investor would wait for that to happen if he understands that it's possible?
Btw, here's a link to a very good article on the matter: https://bitcoinmagazine.com/articles/rejecting-today-s-hard-fork-the-ethereum-classic-project-continues-on-the-original-chain-here-s-why-1469038808
Fiat would not be in the state it is now if it were not for the derivatives that are needed to support the abandonment of fractional lending by the major banks.
Crypto broke away from that ideology.... but Ethereum-Fork changed the whole game again when it moved to protect its "own" derivative.
At least we know... the safest way to profit from the increasing price is to pump & dump? Any future value is susceptible to manipulation by stakeholders? And we have to trust only 250 "validators" belonging to R3 Consortium when mining comes to an end early next year?
@stdset thank you for reposting the link in my OP, it makes for good reading, straight from the hart of VB's bitcoin magazine too.
I have no affiliation with ClassicEthereum other than to mine it but it will will be an interesting project and I believe the miners will mine it until the cows come home after Ethereum-Fork switches to PoS.
Thank you VB, we now have a coin to mine pre and post Serenity.
Also, merge mining is getting easyer all the time... Currently mining: Bitcoin, Namecion, Ethereum, Litecoin, Doge, Viacoin, Pesetacoin, Umbrella and Groestl,.. feathercoin as a backup option and am in the procsess of adding: Burst, Unobtainium and Syscoin. Wallets all over the show
So why not? The more the better, Sia got a leg up from ethereum this week i see.
I'm still keen to keep a watchful eye on that Classic eth though.
I'm like a kid in a sweet shop
Exciting times!
Once I have made my electric costs for this month i will mine with them for a while. Help keep the experiment alive. Maybe, they might go for merge mining Classic with Expanse? Who knows. It will take time for exchanges to sort this out too.
21st July 2016 @ Fork
Miners Online: 12
Pool Hash Rate: 1.13 GH
Pool Fee: 0.9%
Last Block Found: 3 hours ago
Network Difficulty: 12.813 T
Network Hash Rate: 889.82 GH
Blockchain Height: 1,920,165
Current Round Variance: 98%
23rd July 2016... Today!
Miners Online: 10
Pool Hash Rate: 1.21 GH
Pool Fee: 0.9%
Last Block Found: 2 minutes ago
Network Difficulty: 372.095 G
Network Hash Rate: 25.84 GH
Blockchain Height: 1,930,200
Current Round Variance: 29%
Pool hashrate still up and about 4% of network. Network hashrate down now that most people have upgraded to forked geth, Diff looks ideal.
Now I have an ETH Classic address and start a second round, but not long-lasting. Just want to save a limited numbers of ETH Classic for the improbable case they will become collector's value in the future.
And my originally question is still unanswered -> when these many "new" blocks will become "immatured" and be payed as "real" blocks to your miners in the end? For me it looks like not one single miner earned any ETH Classic to his account since your pool launched?! Here a clearly statement is required soon from your side. I think that not very much miners will stay at your pool for days/weeks if they weren´t paid out promptly.
Also, I can watch repeated "Last share submitted: now", or "in 2 (3, 4...) seconds", and then my round share still stays at 0%. That happens always seconds after a new block was found. So is your pool "swallow" submitted shares?
BTW- you need to start the payouts because none of your miners are getting paid
In my second post I clearly sad My OP was in response to this thread.
https://forum.ethereum.org/discussion/8394/non-forking-pools#latest
I do not own this pool, I just about manage to mine.
https://forum.ethereum.org/discussion/comment/49681/#Comment_49681
This section is called Pool Discussion right?
I think now, when Poloniex listed Ethereum classic, it's quite probabe, that EthereumTheForked supporters will attempt to 51% attack ETC, therefore it's very important to make mining as user friendly as possible.
Why am I here for instance? It's my 3'rd post at this forum. I'm here because Ethereum became a threat to the whole cryptocurrencies movement. And I'm willing to donate my modest hashpower to protect ETC. I'd prefer not to mess with installing a client. May I have a good&old mining pool where mined ETC accumulates in my account?
So you suggest to mine directly to my Polo account? I beleive it's disadvantageous, because of several reasons. Just one of them: Polo may charge a fee for every deposit, and since all deposits are going to be small, the fee will constitute a major part of my income. Am I wrong?
Meaning if someone was holding 10k of ETH at the time of the fork. Poloniex gave them 10K of ETC for free to dump and create more Fee's. Honestly how can you create currency like that? Where did this come from?
Upcoming #parity #ethereum classic client...
BTW- it literally takes 5 minutes to set up the payouts and turn it on.