Antminer E3 mining rigs reported a sixfold hash-rate drop and immediately contacted their producer, Bitmain. What does this mean for Ethereum classic mining, we are about to read further in the Ethereum classic news below.
The altcoin mining pool 2Miners reported to Bitmain but the company made no official comment. The 2Miners altcoin mining firm started receiving unusual requests from the Antminer E3 mining rigs users of Ethereum Classic and according to requests, the hashrate declined by a factor of 6-7. The company launched an investigation as well. From the start of the investigation, the miners were sure that this problem was caused by an increase in the volume of the DAG file. The Directed Acyclic Graph file or DAG file is generated and it is used to start a dagger hashimoto algorithm to find block solutions in the mining process.
The volume of the file is increased with every mining epoch which lasts about 30,000 blocks or 5 days for Ethereum Classic and Ethereum. The growth of the DAG files limits the usage GPUs for mining in 2017-2018. 2Miners reached Bitmain support and received a response which stated:
‘’E3 is related to eth algorithm, and DDR capacity is up to the upper limit, so E3 will not be able to continue mining (…) the meaning is E3 only can mine to January 2020, then will not mine again.’’
2Miners calculated that Ethereum (ETH) mining will be terminated in about five weeks as it is a few epochs later than the older version. Among the first speakers within the crypto community that discussed the story was the author of Ethereum’s mining algorithm Kristy-Leigh Minehan who considered that this could lead to the launch of more capable miners. Bitmain is more focused on Bitcoin mining solutions and Mrs. Minehan suggested waiting for the release of the main competitors Canaan and Innoscilion.
As per the previous reports, The hashrate is one of the metrics that can assess how healthy a network is. The higher the hashrate, the more secure a network will become and it also becomes much expensive to mine the cryptocurrency. Ethereum Classic saw its hashrate explode previously during a sign of growing strength so the ETC network is arguable now more secure than ever before.
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