Mining Comparison: Ethereum Classic (ETC) outshining ETH?
Hey Steemians and Miners,
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.
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.
For this comparison my variables have been set to
Hashrate MH/s : 100, Power (Watts) : 600, Cost ($/kWh) : 0.10
First we look at the current profitability of these variables on the dagger-hashimoto algorithm when returning Ethereum (ETH):
ETH/BTC: 0.10260000Difficulty: 1071358618057710Block Reward: 5.00Days per BTC: 241.72 Day(s)
When computation is applied with the above variables we have a current profit rate of :
Next we look at the current profitability of these variables on the dagger-hashimoto algorithm when returning Ethereum Classic (ETC):
ETC/BTC: 0.00668801Difficulty: 69168441357099Block Reward: 5.00Days per BTC: 239.40 Day(s)
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.
What is more notable in my opinion is the higher accumulation of whole coins of ETC versus ETH, with ETC producing 4.37 ETC per Weekly and ETH producing only 0.28 ETH in the same period on Hashrate MH/s : 100.
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.
With both ETC and ETH sharing almost even circulating supplies of 93m, this is not an impossible scenario to consider.
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.
Keep mining friendos.
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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