A new report by CoinDesk suggests Bitcoin miners need to consider whether they should upgrade to Ethereum (ETH) or another mining software for Ethereum (Ethereum Classic) to increase the security of their mining operation.
CoinDesk conducted an analysis of the market’s most popular cryptocurrency mining software and found that the two cryptocurrencies have very different benefits.
The report, “Bitcoin Mining Software & Mining Tools: Which Bitcoin Miner Should Upgrade to Ethereum?,” is available here.
CoinCurrency’s report analyzed the market for a wide range of cryptocurrency mining and cryptocurrency exchange products and found the cryptocurrency marketshare among cryptocurrency mining miners was increasing.
The company found that Bitcoin mining hardware had a market share of 1.2% of the overall mining market, and Ethereum had a share of just over 3%.
The two cryptocurrencies share was due in part to a combination of Ethereum Classic mining and Ethereum mining software.
Both cryptocurrencies offer an Ethereum-based cryptocurrency mining platform called the Etherium platform.
Ethereum mining hardware has been around for years, and it has a lot of potential, but Ethereum mining is only a tiny portion of the cryptocurrency mining market.
Ethereum Classic, on the other hand, is a new cryptocurrency mining tool that is developed by Ethereum creator Vitalik Buterin.
Ethereum has also been around since the summer of 2016, and its popularity has exploded in recent years.
The cryptocurrency’s price has skyrocketed over the past year, but its market share has fallen over the last year as the technology has been plagued by a series of issues.
Bitcoin mining software, on a separate note, is also popular among cryptocurrency miners.
While the Bitcoin mining community may have become accustomed to the mining hardware they are using, the cryptocurrency industry is not immune to problems with hardware.
For example, the Chinese government has banned several mining hardware manufacturers, and several of the companies that make the devices have been found to be running compromised software.
It is unclear how much more of a problem this has caused Bitcoin miners.
Some cryptocurrency mining hardware is still widely used, but other hardware is not.
Some Bitcoin mining miners use cheaper equipment that is more susceptible to malware.
CoinMarketCap has been monitoring Bitcoin and Ethereum market prices for the past few weeks.
CoinCalc uses blockchain data from CoinDesk to estimate Bitcoin and Ether price movements, and we have previously covered how Bitcoin miners can improve the security and profitability of their equipment.
Coin Calc’s latest analysis of mining hardware and mining software can be found here.
The Bitcoin and Ethereum mining software marketshare for mining hardware may be increasing.
But the Ethereum mining community is still experiencing issues with hardware, and the cryptocurrency’s market share could be in danger.
The market is split between the Ethereum Classic community, which has more hashing power and more mining hardware, as well as Ethereum miners, who have more mining power and are still operating under a compromised software system.
The mining community’s increased success has resulted in Ethereum Classic’s share of the total cryptocurrency mining marketshare increasing by about 4%.