Monero-Classic

Mining

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Monero-Classic (XMC) is a hard fork of Monero (XMR) created to maintain support for ASIC miners, diverging from Monero's move towards ASIC resistance. Led by early Bitcoin advocate PZ, the project believes that specialized mining machines improve network security and decentralization. Launched after a scheduled Monero hard fork, Monero-Classic retains the original Cryptonight algorithm, emphasizing ecological diversity and the coexistence of different mining philosophies within the cryptocurrency ecosystem.

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FAQ

What are the benefits of using Monero Classic?

Monero Classic offers a secure and stable network for users and miners, supporting ASIC miners, which can enhance network security. It caters to those who prefer the inclusion of specialized mining machinery and fosters a diverse cryptocurrency ecosystem.

How is Monero Classic performing in the market?

As of the latest update, Monero Classic is traded on five active markets with a 24-hour trading volume of $1,521.50 and a price of approximately $0.2659636 USD. The currency is experiencing a 5.99% increase, indicating a growing interest.

What is Monero Classic (XMC)?

Monero Classic (XMC) is a cryptocurrency that emerged as a hard fork of Monero (XMR) to retain the original algorithm allowing ASIC mining. This hard fork was triggered by differing opinions within the Monero community regarding the resistance to ASIC miners, leading to the creation of multiple Monero variants like Monero Original and Monero 0.

Who is behind Monero Classic and what is their philosophy?

Monero Classic was founded by PZ, an early Bitcoin evangelist. PZ believes in the benefits of ASIC mining machines for network security, arguing that the cryptocurrency ecosystem should accommodate both ASIC-resistant and ASIC-friendly systems, promoting a diverse and competitive environment.

How does Monero Classic differ from Monero?

Monero Classic maintains the original Monero algorithm supporting ASIC miners, whereas the original Monero continues to change algorithms to resist ASIC mining. This difference is rooted in contrasting views on network security and centralization versus decentralization.

What are the common issues with Monero Classic and how to troubleshoot them?

Common issues with Monero Classic may involve syncing and mining with ASICs. Ensuring up-to-date software, stable internet connection, and following community guidelines for setting up ASIC miners can help resolve these issues. Engaging with forums and community support can provide additional troubleshooting assistance.

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