Mining Comparison: Ethereum Classic (ETC) outshining ETH?

in #ethereum7 years ago

<p dir="auto">Hey Steemians and Miners, <p dir="auto">I decided to dig (pun fully intended) deeper into my recent short comparison of ETC vs ETH mining output as we are currently seeing a better profitability in Ethereum Classic which has indications of a sustainable lead.  <p dir="auto">For this analysis I have used a larger hashrate output to better outline the exponential returns for comparison, while still maintaining a realistically obtainable hashrate for the typical mining rig.  <p dir="auto">For this comparison my variables have been set to <p dir="auto"> <code>Hashrate MH/s : 100, <code>Power (Watts) : 600, <code>Cost ($/kWh) : 0.10  <p dir="auto">First we look at the current profitability of these variables on the <code>dagger-hashimoto algorithm when returning Ethereum (ETH): <ul> <li><code>ETH/BTC : 0.10260000 <li><code>Difficulty : 1071358618057710 <li><code>Block Reward : 5.00 <li><code>Days per BTC : 241.72 Day(s) <p dir="auto">When computation is applied with the above variables we have a current profit rate of : <p dir="auto"> <p dir="auto">Next we look at the current profitability of these variables on the <code>dagger-hashimoto algorithm when returning Ethereum Classic (ETC): <ul> <li><code>ETC/BTC : 0.00668801 <li><code>Difficulty : 69168441357099 <li><code>Block Reward : 5.00 <li><code>Days per BTC : 239.40 Day(s) When computation is applied with the above variables we have a current profit rate of : <br /><p dir="auto"> <p dir="auto">Though the converted dollar of ETC/ETH shows only a slight lead for ETC in profit, it is currently possible to produce 1 BTC at rate of 2.32 days sooner with ETC/BTC conversion. This is a significant indicator of the currencies strength posture.  <p dir="auto">What is more notable in my opinion is the higher accumulation of whole coins of ETC versus ETH, with ETC producing <code>4.37 ETC per Weekly and ETH producing only <code>0.28 ETH in the same period on <code>Hashrate MH/s : 100. <p dir="auto">Though ETH value currently makes this production close to even in value, a change in price comparison between the two coins could display a compounded effect as market prices are measured in whole-coin value. Meaning, should ETC market price break away from it's correlation trend with the price of ETH, this change would be compounded through the amount of whole coins. A scenario like that could mean a larger gain for those mining ETC over ETH as a result due to the wider availability of whole coins.  <p dir="auto">With both ETC and ETH sharing almost even circulating supplies of 93m, this is not an impossible scenario to consider.  <p dir="auto">Anyways, this is something that I am personally going to keep a sharp eye on in the days and months to come. I would love to hear what my other miners out there feel about these two sibling coins.  <p dir="auto">Keep mining friendos. <p dir="auto"><em><strong><span><a href="/@rabbt">@rabbt<p dir="auto"><br /> <span> <img src="https://images.hive.blog/768x0/https://steemitimages.com/DQmWp9a2XvUqCFyiJHFhJrtTX8YMRZ6vFuv2qwFsnhJK3pB/classic.png" srcset="https://images.hive.blog/768x0/https://steemitimages.com/DQmWp9a2XvUqCFyiJHFhJrtTX8YMRZ6vFuv2qwFsnhJK3pB/classic.png 1x, https://images.hive.blog/1536x0/https://steemitimages.com/DQmWp9a2XvUqCFyiJHFhJrtTX8YMRZ6vFuv2qwFsnhJK3pB/classic.png 2x" /> <span> <img src="https://images.hive.blog/768x0/https://steemitimages.com/DQmSXTZQPioV9ugLkmW2NtQAL8xphiJNHLEdzUmGgW8Dqrb/ethlittle.PNG" srcset="https://images.hive.blog/768x0/https://steemitimages.com/DQmSXTZQPioV9ugLkmW2NtQAL8xphiJNHLEdzUmGgW8Dqrb/ethlittle.PNG 1x, https://images.hive.blog/1536x0/https://steemitimages.com/DQmSXTZQPioV9ugLkmW2NtQAL8xphiJNHLEdzUmGgW8Dqrb/ethlittle.PNG 2x" /> <span> <img src="https://images.hive.blog/768x0/https://steemitimages.com/DQmd3g2xAvdVEwRYFdLTyfa2J61X49LhfxzPjnQdcmxr7s7/ETHprofit.PNG" srcset="https://images.hive.blog/768x0/https://steemitimages.com/DQmd3g2xAvdVEwRYFdLTyfa2J61X49LhfxzPjnQdcmxr7s7/ETHprofit.PNG 1x, https://images.hive.blog/1536x0/https://steemitimages.com/DQmd3g2xAvdVEwRYFdLTyfa2J61X49LhfxzPjnQdcmxr7s7/ETHprofit.PNG 2x" /> <span> <img src="https://images.hive.blog/768x0/https://steemitimages.com/DQmUpaxKndBL68uvzKWLwx5KeqiZZNrZB6hEMMjtBdkc3xr/etclittle.PNG" srcset="https://images.hive.blog/768x0/https://steemitimages.com/DQmUpaxKndBL68uvzKWLwx5KeqiZZNrZB6hEMMjtBdkc3xr/etclittle.PNG 1x, https://images.hive.blog/1536x0/https://steemitimages.com/DQmUpaxKndBL68uvzKWLwx5KeqiZZNrZB6hEMMjtBdkc3xr/etclittle.PNG 2x" /> <span>   <img src="https://images.hive.blog/768x0/https://steemitimages.com/DQmU7CujUX76ZaVPJEkdsXyYv48F99tmMJKQCn5VbuT3gXg/ETCprofit.PNG" srcset="https://images.hive.blog/768x0/https://steemitimages.com/DQmU7CujUX76ZaVPJEkdsXyYv48F99tmMJKQCn5VbuT3gXg/ETCprofit.PNG 1x, https://images.hive.blog/1536x0/https://steemitimages.com/DQmU7CujUX76ZaVPJEkdsXyYv48F99tmMJKQCn5VbuT3gXg/ETCprofit.PNG 2x" /> <span> <img src="https://images.hive.blog/768x0/https://steemitimages.com/DQmdVSNimUy8JFeKGKRqXA3xyKDU1qqqezD9wo2B6r7nbfi/rabbt.png" srcset="https://images.hive.blog/768x0/https://steemitimages.com/DQmdVSNimUy8JFeKGKRqXA3xyKDU1qqqezD9wo2B6r7nbfi/rabbt.png 1x, https://images.hive.blog/1536x0/https://steemitimages.com/DQmdVSNimUy8JFeKGKRqXA3xyKDU1qqqezD9wo2B6r7nbfi/rabbt.png 2x" />
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As long as both of them are more profitable than Dash mining, it's all good!

DASH is a little too volatile in the last 48 hrs so price comparisons are unreliable, but I may look to produce a comparison here during a sideways period.

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