ETC mining revenue is slowly increasing, 2Miners mining pool mining revenue reaches 100%

Ethereum Classic mining revenue is quietly and slowly growing, with 2Miners mining pool reaching 100% and F2Pool's profitability at 93%.

Ethereum Classic was created in 2016 following a fork of the Ethereum network.

According to Ambcrypto, Ethereum Classic’s technical performance has not been very strong over the past few years. As the world’s 20th largest digital asset, Ethereum Classic is trading at $7.79 with a market cap of $870 million. However, mining activity has returned to a reasonable level due to the emergence of ASICs. Ethereum Classic’s mining profitability peaked in January 2018, and the profits generated by mining have subsequently fallen sharply and have failed to recover.

However, profit margins have gradually increased since last year. According to BitInfoCharts, the mining profit of Ethereum Classic [ETC] on July 4 was $0.0244.

Additionally, mining pool statistics platform PoolWatch has announced a weekly comparison of profitability across Ethereum Classic mining pools.

According to the data provider, the most profitable mining pool is 2Miners. The pool has a record of almost 100% profitability in mining Ethereum Classic tokens, with weekly revenue of 21.391 ETC [$164.50]/1 GH/s. Ethermine mining pool has a profitability of 98% in the past week, with weekly revenue of 20.486 ETC [$162.06]/1 GH/s, ranking second. Nanopool ranks third with a profitability of 95% and revenue of 20.486 USD ($157.54)/1 GH/s. F2Pool ranks fourth with a profitability of 93%, with weekly revenue of 19.890 USD ($152.95)/1 GH/s.

Furthermore, taking into account factors related to average network conditions such as difficulty, block time, and last week’s block rewards, the estimated weekly mining revenue for Ethereum Classic is 21.465 ETC/1 GH/s.

This article is from "BlockBeats" and translated from Ambcrypto.