Over the past few days I have been asked repeatedly what happened with the Ethereum Classic (ETC) Cryptocurrency Network. While there are several reports on some assumptions and limited facts, like the miner address and how long the deep reorg was, there has been limited information how this even becomes a possibility. Most of the questions are around “how can a miner do this even?” I take a few minutes and give a quick update on my opinions based on the facts that are present from research and discuss some of the details around how something like a chain split/51% attack works around phantom mining.
Typical Modern 2020 Ethash mining rig configuration
6x GTX 1660Ti 6GB – https://amzn.to/3gknY59
6x Risers – https://amzn.to/39M7Wyz
Gigabyte H110-D3A Mining Board – https://amzn.to/317efsj
7th Gen Celeron Processor – https://amzn.to/30gywMP
eVGA Supernova P2 1000 PSU – https://amzn.to/30jwj3n
Ledgerware 6U Mining Case – https://amzn.to/3k7pSsf
Crucial 128GB SSD – https://amzn.to/3gjkNdH
This will result in a 6x 30.5MH = 183mh @ 505w Power Usage
https://youtu.be/VKg28Pa_PgI details on settings
Credits/Shoutouts/Source content in video:
– Table animation from John Hopkins
– Several Articles referenced from Forbes
– Some news titles from Cointelegraph
– Jingle at end provided by 88Bitmusic on Twitch, if your into the music, give him a follow!
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