Ethereum Classic (ETC) Mining Difficulty Reaches All-Time High
The mining difficulty of Ethereum Classic (ETC), the open-source, public, blockchain-based distributed computing platform that features smart contract functionality, has surpassed 205 terahashes for the first time as miners flocked to the coin leading up to the Coinbase listing.
According to a chart created by Kimi Sian-Yu Chen and tweeted by the official Ethereum Classic account, the ETC mining difficulty has steadily increased since the initial Coinbase announcement. Following a number of additional events, including Binance adding new ETC trading pairs, the difficulty has doubled in under a month.
The price of ETC has followed suit, jumping from $14 to recently surpassing $20 with a market cap over $2 billion for a short period. Now, ETC is ranked 10th in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens, after surpassing major cryptocurrencies including NEO (NEO), Monero (XMR) and TRON (TRX).
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.