{"id":260463,"date":"2022-09-07T20:46:09","date_gmt":"2022-09-07T19:46:09","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=260463"},"modified":"2022-09-08T19:24:43","modified_gmt":"2022-09-08T18:24:43","slug":"ethereum-classic-falls-13-cardano-founder-recommends-ergo-for-pow","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/ethereum-classic-falls-13-cardano-founder-recommends-ergo-for-pow\/","title":{"rendered":"Ethereum Classic falls 13%; Cardano founder recommends Ergo for proof-of-work"},"content":{"rendered":"

Ethereum Classic (ETC<\/a>) fell by 13.33% since Sept. 6 after Cardano<\/a>‘s (ADA<\/a>) founder Charles Hoskinson<\/a> suggested Ethereum miners shift to Ergo<\/a> while Ethereum's founder Vitalik Buterin<\/a> said that ETC's welcoming community made it a good coin to mine.<\/p>\n

ETC had been trading as high as $41.52, but it fell by 19.73% within half a day to reach as low as $33.31 on Sept. 6. In the following hours, it quickly picked up by 8%. It is being traded for $36 at the time of writing.<\/p>\n

As the crypto community moves closer to The Merge<\/a>, eyes have turned to all alts of Ethereum<\/a>, including ETC. Both Hoskinson and Buterin have been sharing their opinions on where Ethereum miners should turn after the Merge is complete.<\/p>\n

Hoskinson and Ergo<\/h2>\n

Hoskinson Tweeted to invite Ethereum miners to mine Ergo over ETC on Sept. 6.<\/p>\n

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If you're into proof of work, I'd recommend checking out @ErgoFoundation<\/a>. Ergo is one of the few coins in the PoW space still innovating and has a great community.<\/p>\n

— Charles Hoskinson (@IOHK_Charles) September 5, 2022<\/a><\/p><\/blockquote>\n