Ethermine, mining pool The world’s largest Ethereum (ETH), announces the organization’s plans to stop mining proof of work (PoW) ETH in total approaching merge.
Platforms it says the Ethermine site will display a countdown and users can continue mining ETH until the count reaches zero. Ethermine will stop mining ETH after merge occur.
The Ethereum network will transition from PoW to proof of stake (PoS) on September 15, 2022. The fate of ETH miners after merge occurred is not known.
Ethermine is mining pool The world’s largest ETH with a power of 262.79 terahashes per second (TH/S) dedicated to the Ethereum blockchain.
Pool it has hashrate much bigger than mining the second largest pool, F2pool. F2pool has a power of 127.48 TH/s according to current mining statistics, reported from News.Bitcoin.com.
Ethermine is pool largest for ETH, but second largest for Ethereum Classic (ETC). Mining pool The largest share of ETC is held by F2pool.
“The ETH mining phase will end on September 15, 2022. After this date, ETH can no longer be mined on the Ethereum network using a graphics card (GPU) or mining engine (ASIC),” explained Ethermine.
The company added, as a result of the transition mergeEthermine will change to withdrawal mode after the PoW mining phase is over.
ETH Miners Will Quit
Ethermine’s announcement follows a proposal to create a PoW version of ETH called ETHW. Although a number of crypto exchanges have traded ETHW, the token has fallen 63 percent from its current price of $139.62 to $50.68.
Ethereum Chain haven’t done yet forkingso the number of is unknown hashrate which will support the ETHW chain as per the proposal. Ethermine said will not support fork ETHW or fork other.
Over the past four days, the Ethereum Classic network received additions hashrate in large numbers, reaching 39 percent higher than last August 17.
Hashrate Ethereum Classic achieve all-time high on August 20, surpassed 38 TH/s. Token Ethash others such as RVN, ERGO and BEAM did not increase hashrate as experienced by ETC at the end of last week.
These tokens are crypto assets that can be mined through Ethermine. During September, Ethermine waived mining fees for these crypto assets. [ed]