If you go to a website that offers real-time cryptocurrency market data, such as CoinCap, you will notice a digital currency called Ethereum Classic (ETC) just a few spots below Ethereum (ETH). These two digital currencies have a lot in common; they are both platforms that run smart contracts. Difference between Ethereum and Ethereum Classic is that only ETC is a continuation of the original blockchain (see this post for more information on history and differences between the two).
Since profitability of Ethereum Cloud Mining contracts has skyrocketed these days because of Ethereum price explosion, we decided to do a research on cloud mining companies offering a Classic version. Here is what we found out.
Mining profitability depends on many different factors. In order to find out cloud mining profitability calculators were invented. They take into account different parameters such as the cost of hardware, electricity cost, and other network-related variables. Your profit depends on network difficulty, block reward, transaction amount, and fee. As many people do not know how to use these calculators, we regularly post more human-readable update below.
To compare the profitability of Ethereum vs. ETC cloud mining, also see our ETH cloud mining profitability page.
Genesis Mining runs the world’s largest Ether mining farm in Iceland, internally called Enigma, which is specifically built to support the Ethereum Project. We are confident that this is a great company – they provide all the information about their services, their founders, they are actively involved in the community, and they even have a live stream of their mining rigs.
For ETC cloud mining you need to buy the Ether Hashpower mining plan (ETHASH algorithm, previously also known as dagger-hashimoto). It lasts 2 years and there are no maintenance or electricity fees.
At Genesis mining, you can also mine other crypto-coins. For example, the X11 mining algorithm will mine the most profitable coins at the time and convert them to bitcoin automatically, which gives you an accelerated return on investment.
It is also worth signing up with them even if you plan to invest later as existing members get first access to new products and services, plus they also regularly send exclusive discount codes.
The world’s leading cryptocurrency exchange Binance launched a lending business for customer deposits that initially supports tether (USDT), Binance Coin (BNB), and Ethereum Classic (ETC). Earn up to 15% interest!