{"id":256605,"date":"2022-09-10T03:00:19","date_gmt":"2022-09-09T21:30:19","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=256605"},"modified":"2022-09-09T21:50:48","modified_gmt":"2022-09-09T16:20:48","slug":"ethw-vs-etc-which-way-would-miners-choose-going-forward","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/ethw-vs-etc-which-way-would-miners-choose-going-forward\/","title":{"rendered":"ETHW vs. ETC: Which way would miners choose going forward?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The much-awaited <a href=\"http:\/\/ambcrypto.com\/category\/ethereum-news\/\">Ethereum [ETH]<\/a> Merge is around the corner. However, the mining community is continuing to search for new alternatives to keep their operations going.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> While several miners are entering other networks, such as Ethereum Classic [ETC] and Ravencoin [RVN], some are siding a hard fork, Ethereum PoW. Recently, the ETHW community published an <a href=\"https:\/\/twitter.com\/EthereumPoW\/status\/1567664995261116416?s=20&amp;t=6LCWsbZ3d8VRTugzv7Rx6A\">open letter<\/a> addressing the Ethereum community regarding certain decisions and updates in their plan.<\/span><\/p>\n<h3><strong>Pumped and Ready<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">As the ETHW community builds its ecosystem, it announced that no contract pool on the ETHW would be restricted in any manner. The community further opposed the idea of integrating the contract freezing technology into the main core. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Moreover, the letter also mentioned absolute adherence to the present ETHW ledger and the absence of any centralized or regulated technology. Interestingly, the ETHW community also stated that they would welcome wallets from any user. These include ordinary wallets, on-chain multi-signature wallets, and even hackers&#8217; wallets.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Additionally, if another DAO like situation were to happen in the near future, ETHW clearly revealed their intentions. This involves not rolling their back the ledger, which happened earlier when ETH was created.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">ETHW Core: An open letter to the Ethereum community [2\/9]: <\/p>\n<p>Final Decision on Whether to Freeze ETHW Liquidity Pools<a href=\"https:\/\/twitter.com\/hashtag\/ethw?src=hash&amp;ref_src=twsrc%5Etfw\">#ethw<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24ethw&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ethw<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/eth?src=hash&amp;ref_src=twsrc%5Etfw\">#eth<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24eth&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$eth<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw\">#Ethereum<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/ethereummerge?src=hash&amp;ref_src=twsrc%5Etfw\">#ethereummerge<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/ethpow?src=hash&amp;ref_src=twsrc%5Etfw\">#ethpow<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/ethereumfork?src=hash&amp;ref_src=twsrc%5Etfw\">#ethereumfork<\/a><\/p>\n<p>1\/n <a href=\"https:\/\/t.co\/YntDFD1Oqa\">pic.twitter.com\/YntDFD1Oqa<\/a><\/p>\n<p>&mdash; EthereumPoW (ETHW) Official (@EthereumPoW) <a href=\"https:\/\/twitter.com\/EthereumPoW\/status\/1567664995261116416?ref_src=twsrc%5Etfw\">September 8, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h3><strong>Not everything is fine<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">MarkerDAO recently revealed a new <a href=\"https:\/\/forum.makerdao.com\/t\/pecu-announcement-maker-protocol-the-merge-and-future-forks-of-ethereum\/17789\">document<\/a> which highlights the potential threats that might come along with the Merge. Furthermore, a new PoW token could be created.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Once the Merge takes place, a forked Ethereum PoW chain appears to be imminent, with a non-zero chance that it will use the same chainId as the PoS chain.<\/p>\n<p>What are the implications of this risk for the Maker Protocol, Dai, and MKR holders?<\/p>\n<p>\ud83e\uddf5\u2193<\/p>\n<p>1\/<\/p>\n<p>&mdash; Sky (@SkyEcosystem) <a href=\"https:\/\/twitter.com\/SkyEcosystem\/status\/1567953156474019843?ref_src=twsrc%5Etfw\">September 8, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Furtehrmore, when forked tokens are created, they will increase the chances of a replay attack. A replay attack is taking a transaction from one network and using it on another network. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The forked Ethereum PoW network can be replayed on the Ethereum PoS network if they share the same chainId. The ETHW also pointed out this station in a recent tweet.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">About Chain ID, EIP155, and replay attack &#8211; <\/p>\n<p>EIP-155 <a href=\"https:\/\/t.co\/ONtfEjebLf\">https:\/\/t.co\/ONtfEjebLf<\/a><\/p>\n<p>The hard fork that EIP-155 was implemented &#8211; <a href=\"https:\/\/t.co\/WXRmvCVA1L\">https:\/\/t.co\/WXRmvCVA1L<\/a><\/p>\n<p>EIP-3788 &#8211; <a href=\"https:\/\/t.co\/rxOGRRqRcr\">https:\/\/t.co\/rxOGRRqRcr<\/a><\/p>\n<p>1\/n<\/p>\n<p>&mdash; EthereumPoW (ETHW) Official (@EthereumPoW) <a href=\"https:\/\/twitter.com\/EthereumPoW\/status\/1568118286981943296?ref_src=twsrc%5Etfw\">September 9, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h3><strong>Winner winner, who will get a fork for dinner?\u00a0<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Though ETHW has been in the limelight for quite some time now, ETC still seems to steal the show with a massive surge in its hashrate and steady price surge. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">As evident by the chart, ETC\u2019s total hashrate increased over 100% in the past few months, suggesting the token to be the miner\u2019s preferred option.<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<figure id=\"attachment_256606\" aria-describedby=\"caption-attachment-256606\" style=\"width: 1442px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/ETC.png\"><img decoding=\"async\" class=\"size-full wp-image-256606\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/ETC.png\" alt=\"\" width=\"1442\" height=\"667\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/ETC.png 1442w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/ETC-300x139.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/ETC-1024x474.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/ETC-768x355.png 768w\" sizes=\"(max-width: 1442px) 100vw, 1442px\" \/><\/a><figcaption id=\"caption-attachment-256606\" class=\"wp-caption-text\">Source: 2Miners<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">While comparing both the token\u2019s prices, ETC registered enormous growth, and ETHW\u2019s price continued to decline since its launch. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the time of writing, ETHW was trading at $28.18, with a negative 18% 24-hour performance. ETC was priced at $38.76, with positive 5.5% 24-hour gains. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Looking at the current situation and complexities with ETHW, it seems that ETC still has the edge and might turn out to be the winner after the Merge.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The much-awaited Ethereum [ETH] Merge is around the corner. However, the mining community is continuing to search for new alternatives to keep their operations going.\u00a0 While several miners are entering other networks, such as Ethereum Classic [ETC] and Ravencoin [RVN], some are siding a hard fork, Ethereum PoW. Recently, the ETHW community published an open<a href=\"https:\/\/ambcrypto.com\/ethw-vs-etc-which-way-would-miners-choose-going-forward\/\">Continue reading <span class=\"sr-only\">&#8220;ETHW vs. ETC: Which way would miners choose going forward?&#8221;<\/span><\/a><\/p>\n","protected":false},"author":70,"featured_media":256608,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,32,66,3,4,20],"tags":[],"class_list":["post-256605","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-ethereum-news","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>ETHW vs. ETC: Which way would miners choose going forward? - AMBCrypto<\/title>\n<meta name=\"description\" content=\"The much-awaited Ethereum [ETH] Merge is around the corner. 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