RVN

CointestMod

#Ethereum Classic Con-Arguments Below is a Ethereum Classic con-argument written by etj103007. > **What is Ethereum Classic?** > > Ethereum Classic is the original blockchain of the Ethereum network. After the 2016 DAO hack, users voted to hard fork the chain. The unaltered blockchain came to be known as Ethereum Classic (ETC), while the changed blockchain is now known as the much more popular Ethereum (ETH). > > Due to the users of ETC both using the unaltered blockchain and supporting an immutable blockchain, its users have adopted the slogan “Code is Law”. > > **1. Ethereum Classic will stay on PoW, and no one knows what will happen to it after the Merge.** > > While this is good for miners, when the inevitable Merge finally happens, Ethereum's (ETH) miners would have to find new crypto to mine. And while there are many prospects, (such as RVN, ERGO, and FIRO) Ethereum Classic (ETC) is yet another possible option for them. After the merge, no one knows what might happen when miners switch over to these PoW cryptos. > > According to an article by messari.io, 97% of miner revenue comes from ETH alone. The current ETH network hash rate stands at almost 1 Ph/s, while ETC is 40x smaller, at a meager 23 Th/s. > > Of course, not all miners will choose to go to ETC, but migration of such size has never been seen before in the history of cryptocurrency. And its effects are also unknown. > > Since ETC is PoW, it is also susceptible to 51% attacks, which have happened several times in the past (such as the 3 attacks in Aug 2019). Protections have been put into place, but it still means waiting for long periods to get enough block confirmations for your transactions. > > **2. It has fewer future prospects than Ethereum** > > Even though ETC does support smart contracts, most apps use ETH instead as its ecosystem is definitively bigger than ETC. **ETH is just much more well-known among users as the 2nd biggest crypto**. > > **In conclusion:** > > Even though most know ETC as "**the original Ethereum**", its forked brother is simply more popular, more secure, and has better prospects. ETH will become a network using less energy too. ETH miners today may transition to ETC, **but its future remains cloudy.** > > **TLDR: Questionable future after ETH merge, fewer prospects than ETH.** ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_ethereum_classic) to find submissions for other topics.

JoeYo743

Theres no point in investing in second player if you already have the first. Buy a meduim-low cap instead like Stacks STX ( they are trying everything possible to make BTC smart, a layer 2 that uses BTC security, allowing it to scale with peace of mind), Solana SOL (Goolge? Solana things, super fast super cheap, very centralized which can be appealing to traditional users), LiteCoin LTC (The Silver of crypto), BitcoinCash BCH (if youre a simple investor who is after money then in my opinion buying BTC also means LTC and BCH, they are day 1 OGs and are statistically speaking just as sound and noteworthy as BTC), Tezos XTZ (Loved by media, advertising companies and hollywood, it has everything to be mainstream, like how McLaren has been rolling 23 weeks long NFT drops using Tezos blockchain), SweatEconomy SWEAT (Proof of movement rewarding the first 5k steps daily and more stuff to earn their coin built on NEAR network which is a superior product to ETH altogether), RVN (Potentially replacing ETH as the go to user friendly smart contracts POW which can be mined by anyone on GPU)

iamsoldats

Not really worried about my RVN bags at all. For that matter, I’m not too worried about my ERGO bags or any of the other dozen PoW projects that I mined in the last 3 years either. The next bullrun is going to be kind to everyone. However, I am a principles first kind of person. I can and will call out any project if they stray one iota from the foundational principles of Cryptocurrency. If my words cause me to lose money, then so be it. I had the same mentality about moons, which is why I didn’t delete posts the second they started getting downvoted when moons were still a thing around here. You believe in your project, great. I take serious issue with the 4.3 million ERG dev “treasury” from a centralization standpoint and will not recognize Ergo as “fair launch” until the entirety of the EFYT distribution is accounted for. Ravencoin had zero pre-mine, was 100% fair launched, has no dev “treasury”, is 100% community supported, and provides little to take contention with from a principles standpoint. There is no “Ravencoin First Year Token.” The Algo-change and the Hack were addressed early on and were fully transparent. I realize that the Ergonauts are trying their best to convince people that ERGO is the “most fair launched and decentralized chain” but it simply is not.

CointestMod

#Ethereum Classic Con-Arguments Below is a Ethereum Classic con-argument written by etj103007. > **What is Ethereum Classic?** > > Ethereum Classic is the original blockchain of the Ethereum network. After the 2016 DAO hack, users voted to hard fork the chain. The unaltered blockchain came to be known as Ethereum Classic (ETC), while the changed blockchain is now known as the much more popular Ethereum (ETH). > > Due to the users of ETC both using the unaltered blockchain and supporting an immutable blockchain, its users have adopted the slogan “Code is Law”. > > **1. Ethereum Classic will stay on PoW, and no one knows what will happen to it after the Merge.** > > While this is good for miners, when the inevitable Merge finally happens, Ethereum's (ETH) miners would have to find new crypto to mine. And while there are many prospects, (such as RVN, ERGO, and FIRO) Ethereum Classic (ETC) is yet another possible option for them. After the merge, no one knows what might happen when miners switch over to these PoW cryptos. > > According to an article by messari.io, 97% of miner revenue comes from ETH alone. The current ETH network hash rate stands at almost 1 Ph/s, while ETC is 40x smaller, at a meager 23 Th/s. > > Of course, not all miners will choose to go to ETC, but migration of such size has never been seen before in the history of cryptocurrency. And its effects are also unknown. > > Since ETC is PoW, it is also susceptible to 51% attacks, which have happened several times in the past (such as the 3 attacks in Aug 2019). Protections have been put into place, but it still means waiting for long periods to get enough block confirmations for your transactions. > > **2. It has fewer future prospects than Ethereum** > > Even though ETC does support smart contracts, most apps use ETH instead as its ecosystem is definitively bigger than ETC. **ETH is just much more well-known among users as the 2nd biggest crypto**. > > **In conclusion:** > > Even though most know ETC as "**the original Ethereum**", its forked brother is simply more popular, more secure, and has better prospects. ETH will become a network using less energy too. ETH miners today may transition to ETC, **but its future remains cloudy.** > > **TLDR: Questionable future after ETH merge, fewer prospects than ETH.** ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_ethereum_classic) to find submissions for other topics.

Xazax310

Had a similar thing happen on my Exodus wallet. I didn’t have significant amounts, few hundred Raven but somehow got transferred. Same shit I never shared my seed phrase rarely used the hot wallet yet someone transferred RVN out. One weird thing I noticed was someone else transferred ETH into the wallet then transferred it out. I stopped using exodus, metamask, and don’t trust ledger either. Hope you can something recovered.

Ermingardia

Mine has always been Ravencoin. It's been bleeding for years though. As a precaution I sold half of my RVN holdings months ago. Still has sentimental value to me.

jaimewarlock

There are a lot of good POW coins with very low fees (under a penny). Examples include RVN, GRC, BCH, XMY. Even Dogecoin allows several dozen transactions for just a penny. Once you get well under a penny, I don't think there is much advantage in going all the way to zero fee, especially if that zero fee allows someone to occasionally spam it. I think Nano shows that maximizing any particular property of a coin to the serious detriment of other properties is bad engineering.

Ermingardia

BTC if you look at the fiat price. But if you look at the time I spent in an ecosystem, I have been the most active in the Ravencoin community. I suspect things are going downhill with Ravencoin. I sold half of my RVN a while ago, and I'm not one who usually sells.

CointestMod

#Ethereum Classic Con-Arguments Below is a Ethereum Classic con-argument written by etj103007. > **What is Ethereum Classic?** > > Ethereum Classic is the original blockchain of the Ethereum network. After the 2016 DAO hack, users voted to hard fork the chain. The unaltered blockchain came to be known as Ethereum Classic (ETC), while the changed blockchain is now known as the much more popular Ethereum (ETH). > > Due to the users of ETC both using the unaltered blockchain and supporting an immutable blockchain, its users have adopted the slogan “Code is Law”. > > **1. Ethereum Classic will stay on PoW, and no one knows what will happen to it after the Merge.** > > While this is good for miners, when the inevitable Merge finally happens, Ethereum's (ETH) miners would have to find new crypto to mine. And while there are many prospects, (such as RVN, ERGO, and FIRO) Ethereum Classic (ETC) is yet another possible option for them. After the merge, no one knows what might happen when miners switch over to these PoW cryptos. > > According to an article by messari.io, 97% of miner revenue comes from ETH alone. The current ETH network hash rate stands at almost 1 Ph/s, while ETC is 40x smaller, at a meager 23 Th/s. > > Of course, not all miners will choose to go to ETC, but migration of such size has never been seen before in the history of cryptocurrency. And its effects are also unknown. > > Since ETC is PoW, it is also susceptible to 51% attacks, which have happened several times in the past (such as the 3 attacks in Aug 2019). Protections have been put into place, but it still means waiting for long periods to get enough block confirmations for your transactions. > > **2. It has fewer future prospects than Ethereum** > > Even though ETC does support smart contracts, most apps use ETH instead as its ecosystem is definitively bigger than ETC. **ETH is just much more well-known among users as the 2nd biggest crypto**. > > **In conclusion:** > > Even though most know ETC as "**the original Ethereum**", its forked brother is simply more popular, more secure, and has better prospects. ETH will become a network using less energy too. ETH miners today may transition to ETC, **but its future remains cloudy.** > > **TLDR: Questionable future after ETH merge, fewer prospects than ETH.** ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_ethereum_classic) to find submissions for other topics.

iamsoldats

Great, now they have room for RVN, ERG, and FLUX which should have been listed literally 2 years ago. Bonus points for DNX and KAS.

roundhousespank

i think some of the people who mined ETH switched to RVN, so theres more competition.. i think its more of a hobby at this point tbh

CandidateNrOne

Honest answer: I observed, that RVN jumped at 3x from time to time and thought it would do again. It did a 1,5x , where I didn’t sell as I expected still a 3x. So I sold,?when it was back at the same and that’s why I got in Eth so, that I m in a loss now. Now dca and no more the next months.

Ermingardia

It was forked from BTC and they tweaked some stuff. For example, max supply is much higher, 21,000,000,000 RVN. It also contains features to issue assets. For example, I can go to the official wallet and directly mint an NFT by providing the IPFS hash to the asset.

CointestMod

#Ethereum Classic Con-Arguments Below is a Ethereum Classic con-argument written by etj103007. > **What is Ethereum Classic?** > > Ethereum Classic is the original blockchain of the Ethereum network. After the 2016 DAO hack, users voted to hard fork the chain. The unaltered blockchain came to be known as Ethereum Classic (ETC), while the changed blockchain is now known as the much more popular Ethereum (ETH). > > Due to the users of ETC both using the unaltered blockchain and supporting an immutable blockchain, its users have adopted the slogan “Code is Law”. > > **1. Ethereum Classic will stay on PoW, and no one knows what will happen to it after the Merge.** > > While this is good for miners, when the inevitable Merge finally happens, Ethereum's (ETH) miners would have to find new crypto to mine. And while there are many prospects, (such as RVN, ERGO, and FIRO) Ethereum Classic (ETC) is yet another possible option for them. After the merge, no one knows what might happen when miners switch over to these PoW cryptos. > > According to an article by messari.io, 97% of miner revenue comes from ETH alone. The current ETH network hash rate stands at almost 1 Ph/s, while ETC is 40x smaller, at a meager 23 Th/s. > > Of course, not all miners will choose to go to ETC, but migration of such size has never been seen before in the history of cryptocurrency. And its effects are also unknown. > > Since ETC is PoW, it is also susceptible to 51% attacks, which have happened several times in the past (such as the 3 attacks in Aug 2019). Protections have been put into place, but it still means waiting for long periods to get enough block confirmations for your transactions. > > **2. It has fewer future prospects than Ethereum** > > Even though ETC does support smart contracts, most apps use ETH instead as its ecosystem is definitively bigger than ETC. **ETH is just much more well-known among users as the 2nd biggest crypto**. > > **In conclusion:** > > Even though most know ETC as "**the original Ethereum**", its forked brother is simply more popular, more secure, and has better prospects. ETH will become a network using less energy too. ETH miners today may transition to ETC, **but its future remains cloudy.** > > **TLDR: Questionable future after ETH merge, fewer prospects than ETH.** ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_ethereum_classic) to find submissions for other topics.

Loose_Finding

Wow - most of my holdings I'd say. ADA, FTM, ALGO, LINK, RVN, ERG, CKB, etc etc

Blooberino

When ETH went to PoS, many miners said they would be switching to RVN. Don't know if it happened.

IdealCapable

Idk about being an "ETH killer" but if I had to say anyone had a chance, it'd be KAS. It's not a conventional Blockchain (GHOSTdag incorporates the orphan blocks) and has insane transaction times. I know everyone's trying to find all these different use cases like RVN (real estate and ownership) and the likes, but if we're trying to push for crypto as a currency that's the ultimate use case. Plus the algo was really efficient for my GPUs unlike KAWPOW lol

Black-Raider8

Most likely. However, some delisted coins are quite prominent like RVN. I may be wrong on what I saw but it looks like Binance is removing coins that aren't supporting their cause...

Blooberino

Remember when all the ETH miners were going to shift to RVN? I'm guessing that never happened.

ArtoriusFrost

My twin used a laptop to mine RVN as our first coin in 2018. It was like Alice going down the rabbit hole. From there, we got BTC and the rest is history.

ArtoriusFrost

My twin used a laptop to mine RVN as our first coin. It was like Alice going down the rabbit hole. From there, we got BTC and the rest is history.

ArtoriusFrost

My twin used a laptop to mine RVN as our first coin. From there, it was like Alice going down the rabbit hole.

Illustrious-Meet-367

Same. I got in low on doge and made a chunk and been in RVN since the beginning. Sold most at 0.11 and made more but then watched the rest sit at 0.02📉

Ryuzaki_63

I had a bit of a dabble with RVN but eventually just thought to sell and invest directly into ETH, I'd only paid 700 for the RTX 3080 so getting about 700usd from mining, selling it for 1700 then getting about 3500usd from selling the ETH was a good return for me. Like you I did enjoy setting it all up and tinkering but here in the UK electricity prices just shot up to silly levels

crua9

The post was mostly about, once in a while you need to take a step back and say out load or write down the situation you are in makes sense or not. ​ Anyways, to answer your question. I was using minerstat and I mostly mined RVN. Like I used a profit switcher and benched marked things. I could've gotten more if I overclocked it. But I didn't want the extra risk. And based on what I could find at the start, if you kept it below 80c or 75c then this is normal and it should lower the risk as much as possible. My goal was below 70. It might of been possible for me to get slightly more than what I did. But when I started a number of years back I was able to get a good $1 a day, but now with me getting less than 50 cents a day. It really isn't all that worth it. If it wasn't for this event of trying to figure out what caused my driver to mess up a few times. I wouldn't dig that deep into and look into how much I was actually making from this. I think if this wasn't my primary computer I would still mine it. But it isn't worth the risk anymore.

crua9

I did it for a bit, but I ended up switching back to RVN because it was something I knew and using a profit switcher ERGO never came up as more profitable than the other choices outside of the early early days of the coin.

crua9

Unless if you can get professional gear. I think it is dead. Like if you're in the USA they are talking about adding extra taxes for mining crypto, a lot of the coins like RVN do nothing but be mined, and it seems like the entire industry is moving to POS. ​ I doubt it will come back. There is too much dislike for it.

CointestMod

#Ethereum Classic Con-Arguments Below is a Ethereum Classic con-argument written by etj103007. > **What is Ethereum Classic?** > > Ethereum Classic is the original blockchain of the Ethereum network. After the 2016 DAO hack, users voted to hard fork the chain. The unaltered blockchain came to be known as Ethereum Classic (ETC), while the changed blockchain is now known as the much more popular Ethereum (ETH). > > Due to the users of ETC both using the unaltered blockchain and supporting an immutable blockchain, its users have adopted the slogan “Code is Law”. > > **1. Ethereum Classic will stay on PoW, and no one knows what will happen to it after the Merge.** > > While this is good for miners, when the inevitable Merge finally happens, Ethereum's (ETH) miners would have to find new crypto to mine. And while there are many prospects, (such as RVN, ERGO, and FIRO) Ethereum Classic (ETC) is yet another possible option for them. After the merge, no one knows what might happen when miners switch over to these PoW cryptos. > > According to an article by messari.io, 97% of miner revenue comes from ETH alone. The current ETH network hash rate stands at almost 1 Ph/s, while ETC is 40x smaller, at a meager 23 Th/s. > > Of course, not all miners will choose to go to ETC, but migration of such size has never been seen before in the history of cryptocurrency. And its effects are also unknown. > > Since ETC is PoW, it is also susceptible to 51% attacks, which have happened several times in the past (such as the 3 attacks in Aug 2019). Protections have been put into place, but it still means waiting for long periods to get enough block confirmations for your transactions. > > **2. It has fewer future prospects than Ethereum** > > Even though ETC does support smart contracts, most apps use ETH instead as its ecosystem is definitively bigger than ETC. **ETH is just much more well-known among users as the 2nd biggest crypto**. > > **In conclusion:** > > Even though most know ETC as "**the original Ethereum**", its forked brother is simply more popular, more secure, and has better prospects. ETH will become a network using less energy too. ETH miners today may transition to ETC, **but its future remains cloudy.** > > **TLDR: Questionable future after ETH merge, fewer prospects than ETH.** ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_ethereum_classic) to find submissions for other topics.

roadstream

Do we know any that accept RVN? 🤔🤪

EDPbeOP

Problem is I don't know if the coins I'm mining are "shitcoins" or not. ETH was like the only coin that had a proven track record, the other coins I've been mining since ETH POS have been questionable... \-RVN Maybe \-ERG Maybe \-IRON Maybe \-NEOXA Maybe \-ETC Maybe not. I just change it up whichever coin is profitable during the time.

CointestMod

#Ethereum Classic Con-Arguments Below is a Ethereum Classic con-argument written by etj103007. > **What is Ethereum Classic?** > > Ethereum Classic is the original blockchain of the Ethereum network. After the 2016 DAO hack, users voted to hard fork the chain. The unaltered blockchain came to be known as Ethereum Classic (ETC), while the changed blockchain is now known as the much more popular Ethereum (ETH). > > Due to the users of ETC both using the unaltered blockchain and supporting an immutable blockchain, its users have adopted the slogan “Code is Law”. > > **1. Ethereum Classic will stay on PoW, and no one knows what will happen to it after the Merge.** > > While this is good for miners, when the inevitable Merge finally happens, Ethereum's (ETH) miners would have to find new crypto to mine. And while there are many prospects, (such as RVN, ERGO, and FIRO) Ethereum Classic (ETC) is yet another possible option for them. After the merge, no one knows what might happen when miners switch over to these PoW cryptos. > > According to an article by messari.io, 97% of miner revenue comes from ETH alone. The current ETH network hash rate stands at almost 1 Ph/s, while ETC is 40x smaller, at a meager 23 Th/s. > > Of course, not all miners will choose to go to ETC, but migration of such size has never been seen before in the history of cryptocurrency. And its effects are also unknown. > > Since ETC is PoW, it is also susceptible to 51% attacks, which have happened several times in the past (such as the 3 attacks in Aug 2019). Protections have been put into place, but it still means waiting for long periods to get enough block confirmations for your transactions. > > **2. It has fewer future prospects than Ethereum** > > Even though ETC does support smart contracts, most apps use ETH instead as its ecosystem is definitively bigger than ETC. **ETH is just much more well-known among users as the 2nd biggest crypto**. > > **In conclusion:** > > Even though most know ETC as "**the original Ethereum**", its forked brother is simply more popular, more secure, and has better prospects. ETH will become a network using less energy too. ETH miners today may transition to ETC, **but its future remains cloudy.** > > **TLDR: Questionable future after ETH merge, fewer prospects than ETH.** ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_ethereum_classic) to find submissions for other topics.

CointestMod

#Ethereum Classic Con-Arguments Below is a Ethereum Classic con-argument written by etj103007. > **What is Ethereum Classic?** > > Ethereum Classic is the original blockchain of the Ethereum network. After the 2016 DAO hack, users voted to hard fork the chain. The unaltered blockchain came to be known as Ethereum Classic (ETC), while the changed blockchain is now known as the much more popular Ethereum (ETH). > > Due to the users of ETC both using the unaltered blockchain and supporting an immutable blockchain, its users have adopted the slogan “Code is Law”. > > **1. Ethereum Classic will stay on PoW, and no one knows what will happen to it after the Merge.** > > While this is good for miners, when the inevitable Merge finally happens, Ethereum's (ETH) miners would have to find new crypto to mine. And while there are many prospects, (such as RVN, ERGO, and FIRO) Ethereum Classic (ETC) is yet another possible option for them. After the merge, no one knows what might happen when miners switch over to these PoW cryptos. > > According to an article by messari.io, 97% of miner revenue comes from ETH alone. The current ETH network hash rate stands at almost 1 Ph/s, while ETC is 40x smaller, at a meager 23 Th/s. > > Of course, not all miners will choose to go to ETC, but migration of such size has never been seen before in the history of cryptocurrency. And its effects are also unknown. > > Since ETC is PoW, it is also susceptible to 51% attacks, which have happened several times in the past (such as the 3 attacks in Aug 2019). Protections have been put into place, but it still means waiting for long periods to get enough block confirmations for your transactions. > > **2. It has fewer future prospects than Ethereum** > > Even though ETC does support smart contracts, most apps use ETH instead as its ecosystem is definitively bigger than ETC. **ETH is just much more well-known among users as the 2nd biggest crypto**. > > **In conclusion:** > > Even though most know ETC as "**the original Ethereum**", its forked brother is simply more popular, more secure, and has better prospects. ETH will become a network using less energy too. ETH miners today may transition to ETC, **but its future remains cloudy.** > > **TLDR: Questionable future after ETH merge, fewer prospects than ETH.** ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_ethereum_classic) to find submissions for other topics.

Illustrious-Meet-367

I really think Ravencoin (RVN) will grow in the next 3 years.

roadstream

I'm holding RVN and saying, what if it becomes .10c!!! 🤪

iamsoldats

I bought most of my equipment just before it all skyrocketed in price. I had about 3200 watts worth of GPUs stretched over three 15 Amp circuits. I could probably have fit in a couple more GPUs, but the usual basement equipment was on the same circuits so I didn’t want to risk popping any breakers. My spec-mined projects did well. I was mining RVN and Ergo before they took off. When I think about where I was at the peak, it pains me to look at current prices.

superduperdude92

Total speculation. But the events leading up to the CDC listing (XRP ruling, and change of ToS) suggest to me that Reddit is now ok and had a say in whether it's listed or not. Much like how RVN didn't want to list on Kucoin for the longest time.

c0horst

I got super into Ravencoin and Ravencoin mining... but kinda saw the writing on the wall and took my exit when RVN hit 7 cents right around when ETH went PoS and sold 70% of my holdings. Since most RVN I had was bought and mined well below that it made up for all my losses and I exited with enough profit to cover all mining equipment, taxes, and losses from other coins. I fully exited crypto when RVN hit 3c. I liquidated my 0.2 BTC holdings around the same time which was a mistake, but I paid off my 7.5% interest student loans with that money, so it could have been worse.

Illustrious-Meet-367

RVN.

ImLinker

Pepe cuz meme RVN cuz useful Not financial advice.

CointestMod

#Ethereum Classic Con-Arguments Below is a Ethereum Classic con-argument written by etj103007. > **What is Ethereum Classic?** > > Ethereum Classic is the original blockchain of the Ethereum network. After the 2016 DAO hack, users voted to hard fork the chain. The unaltered blockchain came to be known as Ethereum Classic (ETC), while the changed blockchain is now known as the much more popular Ethereum (ETH). > > Due to the users of ETC both using the unaltered blockchain and supporting an immutable blockchain, its users have adopted the slogan “Code is Law”. > > **1. Ethereum Classic will stay on PoW, and no one knows what will happen to it after the Merge.** > > While this is good for miners, when the inevitable Merge finally happens, Ethereum's (ETH) miners would have to find new crypto to mine. And while there are many prospects, (such as RVN, ERGO, and FIRO) Ethereum Classic (ETC) is yet another possible option for them. After the merge, no one knows what might happen when miners switch over to these PoW cryptos. > > According to an article by messari.io, 97% of miner revenue comes from ETH alone. The current ETH network hash rate stands at almost 1 Ph/s, while ETC is 40x smaller, at a meager 23 Th/s. > > Of course, not all miners will choose to go to ETC, but migration of such size has never been seen before in the history of cryptocurrency. And its effects are also unknown. > > Since ETC is PoW, it is also susceptible to 51% attacks, which have happened several times in the past (such as the 3 attacks in Aug 2019). Protections have been put into place, but it still means waiting for long periods to get enough block confirmations for your transactions. > > **2. It has fewer future prospects than Ethereum** > > Even though ETC does support smart contracts, most apps use ETH instead as its ecosystem is definitively bigger than ETC. **ETH is just much more well-known among users as the 2nd biggest crypto**. > > **In conclusion:** > > Even though most know ETC as "**the original Ethereum**", its forked brother is simply more popular, more secure, and has better prospects. ETH will become a network using less energy too. ETH miners today may transition to ETC, **but its future remains cloudy.** > > **TLDR: Questionable future after ETH merge, fewer prospects than ETH.** ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_ethereum_classic) to find submissions for other topics.

iamsoldats

Not all cryptos are securities. Most are, but not all. The SEC does not have jurisdiction over commodities. They can do nothing about Bitcoin because they have no power to do so. They can do nothing about LTC, DOGE, Monero, RVN, KAS, or BCH because they lack the authority to do so. The chains that stayed true to Satoshi are outside of their wheelhouse, while the chains that embraced VCs, ICOs, dev-rewards, foundation treasuries, and PoS will fall under security law. There are no shortcuts. People played fast and loose with the law and they will pay the price. Meanwhile, the true cypher-punk projects will carry on unhindered.

IdealCapable

I'd have to say RVN, I got involved with it 2 years ago and it has been on a constant decline since I got into it. It was the first crypto I ever started mining, so I was obviously a little biased about it taking off again. It seemed like a good coin at the time due to profitability, but in my own opinion that's about all it's got going for it at the moment. Even the community posts about how dead it's gotten. I'm probably swapping my whole bag over to ETH or BTC and cutting my losses soon.

CointestMod

#Ethereum Classic Con-Arguments Below is a Ethereum Classic con-argument written by etj103007. > **What is Ethereum Classic?** > > Ethereum Classic is the original blockchain of the Ethereum network. After the 2016 DAO hack, users voted to hard fork the chain. The unaltered blockchain came to be known as Ethereum Classic (ETC), while the changed blockchain is now known as the much more popular Ethereum (ETH). > > Due to the users of ETC both using the unaltered blockchain and supporting an immutable blockchain, its users have adopted the slogan “Code is Law”. > > **1. Ethereum Classic will stay on PoW, and no one knows what will happen to it after the Merge.** > > While this is good for miners, when the inevitable Merge finally happens, Ethereum's (ETH) miners would have to find new crypto to mine. And while there are many prospects, (such as RVN, ERGO, and FIRO) Ethereum Classic (ETC) is yet another possible option for them. After the merge, no one knows what might happen when miners switch over to these PoW cryptos. > > According to an article by messari.io, 97% of miner revenue comes from ETH alone. The current ETH network hash rate stands at almost 1 Ph/s, while ETC is 40x smaller, at a meager 23 Th/s. > > Of course, not all miners will choose to go to ETC, but migration of such size has never been seen before in the history of cryptocurrency. And its effects are also unknown. > > Since ETC is PoW, it is also susceptible to 51% attacks, which have happened several times in the past (such as the 3 attacks in Aug 2019). Protections have been put into place, but it still means waiting for long periods to get enough block confirmations for your transactions. > > **2. It has fewer future prospects than Ethereum** > > Even though ETC does support smart contracts, most apps use ETH instead as its ecosystem is definitively bigger than ETC. **ETH is just much more well-known among users as the 2nd biggest crypto**. > > **In conclusion:** > > Even though most know ETC as "**the original Ethereum**", its forked brother is simply more popular, more secure, and has better prospects. ETH will become a network using less energy too. ETH miners today may transition to ETC, **but its future remains cloudy.** > > **TLDR: Questionable future after ETH merge, fewer prospects than ETH.** ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_ethereum_classic) to find submissions for other topics.

CointestMod

#Ethereum Classic Con-Arguments Below is a Ethereum Classic con-argument written by etj103007. > **What is Ethereum Classic?** > > Ethereum Classic is the original blockchain of the Ethereum network. After the 2016 DAO hack, users voted to hard fork the chain. The unaltered blockchain came to be known as Ethereum Classic (ETC), while the changed blockchain is now known as the much more popular Ethereum (ETH). > > Due to the users of ETC both using the unaltered blockchain and supporting an immutable blockchain, its users have adopted the slogan “Code is Law”. > > **1. Ethereum Classic will stay on PoW, and no one knows what will happen to it after the Merge.** > > While this is good for miners, when the inevitable Merge finally happens, Ethereum's (ETH) miners would have to find new crypto to mine. And while there are many prospects, (such as RVN, ERGO, and FIRO) Ethereum Classic (ETC) is yet another possible option for them. After the merge, no one knows what might happen when miners switch over to these PoW cryptos. > > According to an article by messari.io, 97% of miner revenue comes from ETH alone. The current ETH network hash rate stands at almost 1 Ph/s, while ETC is 40x smaller, at a meager 23 Th/s. > > Of course, not all miners will choose to go to ETC, but migration of such size has never been seen before in the history of cryptocurrency. And its effects are also unknown. > > Since ETC is PoW, it is also susceptible to 51% attacks, which have happened several times in the past (such as the 3 attacks in Aug 2019). Protections have been put into place, but it still means waiting for long periods to get enough block confirmations for your transactions. > > **2. It has fewer future prospects than Ethereum** > > Even though ETC does support smart contracts, most apps use ETH instead as its ecosystem is definitively bigger than ETC. **ETH is just much more well-known among users as the 2nd biggest crypto**. > > **In conclusion:** > > Even though most know ETC as "**the original Ethereum**", its forked brother is simply more popular, more secure, and has better prospects. ETH will become a network using less energy too. ETH miners today may transition to ETC, **but its future remains cloudy.** > > **TLDR: Questionable future after ETH merge, fewer prospects than ETH.** ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_ethereum_classic) to find submissions for other topics.

vanisher_1

>BTC, LTC, DOGE(!), RVN, KAS, and Monero are a few to consider. To Satify the Howey Test you need to satisfy all the 4 criteria not just some of them

Ermingardia

It was slightly profitable for a while but not any more. I mined ETH and then RVN. I haven't mined since last year.

GerbiJosh

I saw the same with RVN. Picked up a small bag at a 20% discount.

iamsoldats

Wrong. The reason that BTC is protected from the downturn is that it has liquidity everywhere. The downturn primarily affected coins that have high liquidity on Binance. Bitcoin remains mostly unaffected because it’s liquidity is stretched across multiple exchanges across the world. Same with ETH. While you are very correct about BTC being a commodity, there are other verified commodities out there. I will use some examples: RVN, KAS, and ERG. RVN is a verified commodity. It has been 100% verified KYC and SEC compliant. It dumped hard yesterday with everything else. Why? Because the vast majority of its volume and liquidity is on Binance. KAS is a verified commodity. It remained mostly protected from the dump. Why? It is not on binance. ERG, a favorite of this sub, remains questionable on commodity status due to the EFYT and the foundation treasury. It remained mostly protected from the dump. Why? It is not on Binance. You can find examples everywhere of blatant securities being safe, while verified commodities dumped: it all comes down to whether it had high liquidity and volume on Binance. This was pure market manipulation by Binance to get one last payout from leveraged traders before they get booted from the US market.

iamsoldats

If you want to do something, then swap all of your crypto into PoW projects that had no pre-mines, no ICOs, no Developer rewards/foundation treasuries, and no centralized control. Take everything and move it outside the SEC’s jurisdiction. There are much fewer choices, but they are readily available and high quality. BTC is obvious, but there is also LTC, DOGE(!), Monero, RVN, and KAS just to name a few. These are all fair-launched projects that have already been verified as commodities. LTC is the poster child for alt reliability. DOGE is the OG meme coin that is weirdly on the forefront of cypher-punk technology. Monero is the embodiment of privacy. RVN is verified 100% KYC and SEC compliant. KAS is an exciting new coin that purports having solved the blockchain trilemma. A return to innovation and the principles espoused by Satoshi is how the change is made.

iamsoldats

Coinbase made their bed when they kept listing obvious scams, rugpulls, and centralized garbage while ignoring projects that are clearly aligned with sound cypher-punk philosophy that are outside the SEC’s jurisdiction. They could have listed good projects like RVN, ERG, FLUX, KAS, etc but instead kept choosing to list whatever scamcoinElonRugpull-Inu ERC-20 token that comes along. I have no sympathy for them. They literally tied their own noose. They were supposed to have the highest of standards and instead jumped neck deep into garbage.

iamsoldats

The Howey test is purposefully vague because it is not employed for regulation, but for protection. It is used to evaluate whether an asset can be used to take advantage of people. It is just as valid applied to Crypto as it was to oranges. How many times do we see rug-pulls? How many times does a centralized entity walk back transactions out of convenience? How many times does an exchange issued token serve to completely undermine the average crypto consumer? How many times does an exchange need to shut-off withdrawals and steal peoples money? How many times does a centralized garbage project rake over hot coals the average investor for exit liquidity? How many times has BTC done any of those shady things? Not once. Crypto has been infested with garbage projects, and we need to hold the entire market to a higher standard. The Howey test is used to establish the need for consumer protections from securities. Most chains are securities. The Howey test fails for commodities. BTC, LTC, DOGE, RVN, KAS, and Monero are all commodities. Notice how no one has ever needed protection from BTC or any of the other verified commodities? Quit feeding on the rhetoric, and educate yourself on what true cypher-punk philosophy is. This is literally a case of actual real-life “trust me bro” in action. Satoshi knew what he was doing.

iamsoldats

Nobody needs to leave crypto, they just need a higher class of crypto. Quit slumming it around with PoS, ICO sporting, premined, dev-fund filling, garbage-can securities and choose PoW, fair-launched, and 100% decentralized commodities. The SEC can’t touch BTC because it is out of their jurisdiction. They can’t touch LTC, DOGE, RVN, KAS, and Monero because they have no authority or power to do so. Jettison the hype machines and embrace the cypher-punk philosophy.

iamsoldats

Sell anything that is PoS, any project with VC backing, any project with an ICO, any project with developer rewards, any project with foundation “treasuries”, and any project that is controlled by a centralized entity. Any chain that has any, some, or all of these qualities is square in the eyesights of the SEC and are going to be labeled securities. That leaves you with LTC and RVN, both of which are verified commodities and completely outside of the SEC’s jurisdiction. Ditch the rest.

GreenStretch

Did not know KAS. I haven't had any RVN, but I like the first three. Nobody has heard of Monero. Although governments will probably come after it. [https://coinmarketcap.com/currencies/kaspa/](https://coinmarketcap.com/currencies/kaspa/) Oh, I should say, I liked prElon hype DOGE and I sold my tiny bag afterwards, but missed the peak.

conceiv3d-in-lib3rty

Tether has Tron propped up. I don’t own any trx, but if I did I would probably hold onto it. From this list Id dump RVN, DASH, ZEC, DGB, SHIB and probably BNB at this point. Convert it all into BTC.

pbjclimbing

> TRX, RVN, DASH, DGB I don't see any of these outperforming the market in the next bull run.

iamsoldats

PoW projects that were 100% fair launched with no pre-mines, no ICOs, no dev-rewards/treasuries, and no centralized control are what you are looking for. BTC, LTC, DOGE(!), RVN, KAS, and Monero are a few to consider.

iamsoldats

Actually, Ravencoin was specifically designed for these purposes and has made the entire process much simpler without the need for smart contracts or coding knowledge. They even brought in lawyers to verify that the utility aspect of the chain is 100% SEC compliant with full KYC capability. RVN is currently at 113 on CMC and is coming for a greater than 50 trillion total addressable market. The tech is unbelievable once you understand what it is designed to do.

iamsoldats

Not a scam at all. RVN is currently at 113 on CMC and was as high as 47 during the last bullrun. It is the top ASIC-resistant GPU-minable blockchain.

iamsoldats

I’m not so annoyed by them as just wondering why in the world do they exist. Ravencoin solved this problem already when it was forked from BTC. Why bother with the complexity and fees of ordinals when you can do the same thing with nearly zero complexity and super low fees with RVN? This is literally why RVN was forked.

CointestMod

#Ethereum Classic Con-Arguments Below is a Ethereum Classic con-argument written by etj103007. > **What is Ethereum Classic?** > > Ethereum Classic is the original blockchain of the Ethereum network. After the 2016 DAO hack, users voted to hard fork the chain. The unaltered blockchain came to be known as Ethereum Classic (ETC), while the changed blockchain is now known as the much more popular Ethereum (ETH). > > Due to the users of ETC both using the unaltered blockchain and supporting an immutable blockchain, its users have adopted the slogan “Code is Law”. > > **1. Ethereum Classic will stay on PoW, and no one knows what will happen to it after the Merge.** > > While this is good for miners, when the inevitable Merge finally happens, Ethereum's (ETH) miners would have to find new crypto to mine. And while there are many prospects, (such as RVN, ERGO, and FIRO) Ethereum Classic (ETC) is yet another possible option for them. After the merge, no one knows what might happen when miners switch over to these PoW cryptos. > > According to an article by messari.io, 97% of miner revenue comes from ETH alone. The current ETH network hash rate stands at almost 1 Ph/s, while ETC is 40x smaller, at a meager 23 Th/s. > > Of course, not all miners will choose to go to ETC, but migration of such size has never been seen before in the history of cryptocurrency. And its effects are also unknown. > > Since ETC is PoW, it is also susceptible to 51% attacks, which have happened several times in the past (such as the 3 attacks in Aug 2019). Protections have been put into place, but it still means waiting for long periods to get enough block confirmations for your transactions. > > **2. It has fewer future prospects than Ethereum** > > Even though ETC does support smart contracts, most apps use ETH instead as its ecosystem is definitively bigger than ETC. **ETH is just much more well-known among users as the 2nd biggest crypto**. > > **In conclusion:** > > Even though most know ETC as "**the original Ethereum**", its forked brother is simply more popular, more secure, and has better prospects. ETH will become a network using less energy too. ETH miners today may transition to ETC, **but its future remains cloudy.** > > **TLDR: Questionable future after ETH merge, fewer prospects than ETH.** ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_ethereum_classic) to find submissions for other topics.

CointestMod

#Ethereum Classic Con-Arguments Below is a Ethereum Classic con-argument written by etj103007. > **What is Ethereum Classic?** > > Ethereum Classic is the original blockchain of the Ethereum network. After the 2016 DAO hack, users voted to hard fork the chain. The unaltered blockchain came to be known as Ethereum Classic (ETC), while the changed blockchain is now known as the much more popular Ethereum (ETH). > > Due to the users of ETC both using the unaltered blockchain and supporting an immutable blockchain, its users have adopted the slogan “Code is Law”. > > **1. Ethereum Classic will stay on PoW, and no one knows what will happen to it after the Merge.** > > While this is good for miners, when the inevitable Merge finally happens, Ethereum's (ETH) miners would have to find new crypto to mine. And while there are many prospects, (such as RVN, ERGO, and FIRO) Ethereum Classic (ETC) is yet another possible option for them. After the merge, no one knows what might happen when miners switch over to these PoW cryptos. > > According to an article by messari.io, 97% of miner revenue comes from ETH alone. The current ETH network hash rate stands at almost 1 Ph/s, while ETC is 40x smaller, at a meager 23 Th/s. > > Of course, not all miners will choose to go to ETC, but migration of such size has never been seen before in the history of cryptocurrency. And its effects are also unknown. > > Since ETC is PoW, it is also susceptible to 51% attacks, which have happened several times in the past (such as the 3 attacks in Aug 2019). Protections have been put into place, but it still means waiting for long periods to get enough block confirmations for your transactions. > > **2. It has fewer future prospects than Ethereum** > > Even though ETC does support smart contracts, most apps use ETH instead as its ecosystem is definitively bigger than ETC. **ETH is just much more well-known among users as the 2nd biggest crypto**. > > **In conclusion:** > > Even though most know ETC as "**the original Ethereum**", its forked brother is simply more popular, more secure, and has better prospects. ETH will become a network using less energy too. ETH miners today may transition to ETC, **but its future remains cloudy.** > > **TLDR: Questionable future after ETH merge, fewer prospects than ETH.** ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_ethereum_classic) to find submissions for other topics.

TPlays

I’m this case I would just use a third party and open source wallet. For RVN I already do this and a lot of my other stuff is held in my hardware wallet. There is a lot of thing that can be done to ensure the government cannot get their pesky hands on my crypto. I do very much appreciate your insight, let me ask you this, I am a very big proponent of using BTC as an actual standard and hoping the community will build more projects as forks of Bitcoin so that bitcoin is legitimately the standard. I feel like this would allow a more stable market and will also help to expand the POW market again. How do you feel about this?

TPlays

Hey there! It is not as expensive as some people think, with GPU prices wayyy down it is definitely easier to enter some pretty solid and easy to mine projects like RVN! It’s my personal favorite project. I believe there should be more coins that are forks of bitcoin because I want to see bitcoin become the standard like gold and silver used to be for currency!

Self_Blumpkin

I was mining RVN for a while back somewhere in 2018 or 2019 when I had 36 GPUs chugging away. I think I took some time off mining ZEC to try RVN

CandidateNrOne

Yes, I used Doge, too. RVN is ridiculous cheap, too. You send 10k and pay maybe 5 cent gas fee!😎

CandidateNrOne

RVN chain takes 1 RVN for a transaction. 0.023 USD. Doge under 20 cent last time I used it to transfer from one Cex to another. So maybe rich people choose expensive ways and poor people ( me) should use cheap ways for transactions.

CointestMod

#Ethereum Classic Con-Arguments Below is an argument written by etj103007 which won 1st place in the Ethereum Classic Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. Submit an argument in the Cointest yourself and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > **What is Ethereum Classic?** > > Ethereum Classic is the original blockchain of the Ethereum network. After the 2016 DAO hack, users voted to hard fork the chain. The unaltered blockchain came to be known as Ethereum Classic (ETC), while the changed blockchain is now known as the much more popular Ethereum (ETH). > > Due to the users of ETC both using the unaltered blockchain and supporting an immutable blockchain, its users have adopted the slogan “Code is Law”. > > **1. Ethereum Classic will stay on PoW, and no one knows what will happen to it after the Merge.** > > While this is good for miners, when the inevitable Merge finally happens, Ethereum's (ETH) miners would have to find new crypto to mine. And while there are many prospects, (such as RVN, ERGO, and FIRO) Ethereum Classic (ETC) is yet another possible option for them. After the merge, no one knows what might happen when miners switch over to these PoW cryptos. > > According to an article by messari.io, 97% of miner revenue comes from ETH alone. The current ETH network hash rate stands at almost 1 Ph/s, while ETC is 40x smaller, at a meager 23 Th/s. > > Of course, not all miners will choose to go to ETC, but migration of such size has never been seen before in the history of cryptocurrency. And its effects are also unknown. > > Since ETC is PoW, it is also susceptible to 51% attacks, which have happened several times in the past (such as the 3 attacks in Aug 2019). Protections have been put into place, but it still means waiting for long periods to get enough block confirmations for your transactions. > > **2. It has fewer future prospects than Ethereum** > > Even though ETC does support smart contracts, most apps use ETH instead as its ecosystem is definitively bigger than ETC. **ETH is just much more well-known among users as the 2nd biggest crypto**. > > **In conclusion:** > > Even though most know ETC as "**the original Ethereum**", its forked brother is simply more popular, more secure, and has better prospects. ETH will become a network using less energy too. ETH miners today may transition to ETC, **but its future remains cloudy.** > > **TLDR: Questionable future after ETH merge, fewer prospects than ETH.** ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/uhhii4/coin_inquiries_ethereum_classic_conarguments_may/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_ethereum_classic) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/12vodz3/daily_general_discussion_april_23_2023_gmt0/).

iamsoldats

RVN, ERG, KAS, NEOXA, MEWC, and FLUX. Miners gonna mine, it’s only a matter of time.

poiskdz

Depends heavily on your hardware/electric cost. In most cases, not really. Even in good cases, still quite a bit less than ETH mining was pulling in. Flux, Conflux, Ergo, Kaspa, RVN, and a handful of others are still doing their thing though and some people are profitable. You'd have to run the numbers yourself based on your hardware and energy cost to see if it's worth it to you. If you just enjoy doing it for the tech/learning/etc then go for it. If you're trying to make money, run the numbers.

CandidateNrOne

2020 :30usd in Doge. Januar 21: 300usd. Put in RVN: end of February 21: 3000usd. Put in doge: end of April 21: 30000usd, put in SHIB: 600000 in May 21. dip. In September 21 put 600k in SHIB: 6m in November 21. Yes, it could have worked!😂😎🙈

awoogaawoogaa

Love this idea! And a clean layout too. Hope to see this grow! Maybe a feature where you can just add your custom address for other networks without them needing to be built in? (DOGE, RVN, DGB etc.)

CandidateNrOne

Ok, so you starten, than I go further: The parabolic part of the bullrun begins half a year after halving. Until that,you will have have doubled or trippled your deposit. So lets say x3. Than you bet all on Doge, as Musky will do his thing any time there. So here you make at least x10. Thats 3 x 10 = 30. than you invest in anything, which didn’t allready start by than. Lets say RVN. RVN will most likely make a x6 in the bullrun.( lasttime in Feb 21 it did x10). So we see 3x10x6=x180. Now you wait until the big meme coins have consolidated. Maybe doge and shiba. Invest now in these two. When one will be at x6, sell and buy the other immediately. So you can make at least 3x5 =15 here! So now you have 180 x 15=2700. If you invested your earnings, lets say 10000usd, you will now sit on 27m. Pay 55% tax and enjoy your life! 🙈

CandidateNrOne

Ravencoin RVN now is one of the oldest pow non asic coins. Wonder, how they will do after Shanghai.

CandidateNrOne

Ravencoin RVN now is one of the oldest pow non asic coins. Wonder, how they will do after Shanghai.

OtisMiller

Remember when everybody was saying miners would point their rigs to RVN after ETH went to PoS? I don't know about you, but mine have been mining BAN ever since I heard about this swap site a few weeks ago.

Ethan0307

Moons is solid, I had RVN on my list but that went to shit