Innosilicon to release firmware to mine Ethereum Classic on A11
The upgrade has already been released for ASIC miners of the A10pro 500M and A10pro 720M models
02.08.2022 - 12:25
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What’s new? Cryptocurrency mining equipment maker Innosilicon has released firmware for Ethereum Classic (ETC) on ASIC miners of the A10pro 500M and A10pro 720M models. According to the company’s press release, an upgrade for the A11 model device is also in development. On August 2, 12:25 UTC, ETC is trading at $36,26, and the rate of the asset fell by 0,36% (according to Binance).
What is known about A11? The device is one of the most energy-efficient ASIC miners at the moment. The A11 has a hashrate of 1,5 GH/S (it can vary up or down within 10%), power consumption of 2200 W, and a power supply efficiency of up to 93%. The device can operate in ambient temperatures from 0°C to 40°C.
What is Ethereum Classic? It is a copy of the original Ethereum network that will not switch to the Proof-of-Stake (PoS) consensus algorithm and will continue to run on Proof-of-Work (PoW). A global upgrade to the main blockchain is tentatively scheduled for late September.
In July, mining pool AntPool invested $10 million to support the Ethereum Classic ecosystem. The first investment will be used to develop and research applications on the network. Representatives of the pool noted that they would continue to invest in this area.
For details on if miners will switch to Ethereum Classic and why ETC price soared, see GetBlock Magazine’s article.
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