2022 is still a year of frequent epidemics, but it’s also a dividend period for cryptocurrency development. Many people are optimistic about the investment value and hedging properties of cryptocurrencies, which is why they entered the cryptocurrency market.
There are currently more than a thousand encrypted digital currencies around the world, with different bases of value and large differences in risk. However, there is one cryptocurrency that has long stood in the cryptocurrency world with its unique design mechanism and the support of many believers. In addition, the periodic price increase in the past period has made it popular in the whole crypto circle for a while, and everyone is discussing whether to invest in it. It’s Ethereum Classic (ETC).
The price of Ethereum Classic is up 3.76% to $28.12 in the last 24 hours (as of May 5). For now, the cryptocurrency’s all-time high stands at $167.09. While trading volume is down 22.0% over the past week, total circulating supply is up 0.08% to over 134.58 million, taking the current circulating supply to an estimated 63.87% of its maximum supply, or 210, 7 million increased. ETC’s current market value is $3.78 billion, ranking 35th.
As the only forked chain of Ethereum, ETC is irreplaceable and has broad application prospects. In the long term, the value of ETC is far higher than the present. This year, Ethereum, the second largest cryptocurrency in the world, plans to enter 2.0 with a PoS mechanism. Once the Ethereum blockchain has completely shifted from POW to POS, ETC is the best place to transfer hash rate instead of Ethereum. Although the Ethereum 2.0 migration will be complete this year, there is still a long way to go and ETC can be expected to continue rising during that time. So, at least in the short term, Ethereum Classic is definitely worth investing in and is expected to deliver big profits by the end of the year.
At this time, many people will ask if the current ETC mining is still a bonus period? The market reaction has clearly reacted to this. ETC is still in the growth phase and more and more miners will join the mining industry chain. The current price of ETC is only the lowest price in the futures market.
As the world’s leading ETC hashrate brand, JASMINER takes professional high-throughput ETC computing power servers as its flagship product and continues to create value for global crypto users to mine ETC. From the launch of the JASMINER X4 mini in 2021, to the JASMINER X4 1U/1U-C, which established the highly efficient, low-power and innovative tonality of the X4 series computing power servers, to the JASMINER X4-Q, JASMINER, which launched just last month has always been attentive to the needs of ETC miners, pursued the ultimate in high-end, high-throughput computing power products, and brought miners the best service experience.
Using the example of the classic ETC mining product JASMINER X4 High-Throughput 1U Server, this is not only equipped with 8 high-throughput computing power chips independently developed by JASMINER, but also has a super mainstream configuration of up to 520 MH/s ±10% hash rate, also supports ETHASH and ETCHASH algorithms. While achieving strong hash rate performance, the power consumption performance of 1U products is almost perfect, and the power consumption of 1U products is only 240W ± 10%, ending the former expensive and energy-consuming operating state of computing power and the best solution for the majority of users to achieve energy saving, environmental protection and cost reduction.
Every investment fears that there will be no investment value in the end, not to mention the highly volatile cryptocurrency. But for now, considering that the market hotspots, whether it’s miners relocating or production cutting back, have given ETC too many opportunities. ETC has become the darling of capital and miners and is hyped by the market. Whether in the short or long term, ETC has always stood the test of time. For mining rig products, be it participation or practical value, JASMINER X4 builds high-throughput 1U server ETC with high hash rate and low power consumption, which makes it different from other mining rig products, so it’s not hard to understand that it has become a popular star mining rig.
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Phone: 400-022-3866
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Website: www.jasminer.com
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