The Largest Mining Pool Ethermine To Stop Supporting ETH PoW Mining

The world’s largest ethereum mining pool, Ethermine, has announced its plans to completely phase out proof-of-work (PoW) ethereum mining. Ethereum network will transition from PoW network to PoS network as soon as The Merge takes place.

According to a recent announcement from the world’s largest ethereum mining pool, Ethermine, the platform plans to stop mining ETHW as soon as The Merge takes place. As planned, it will take place on September 15.

The mining team says that the platform’s miners dashboard will show a countdown timer and users can continue to mine ether until the countdown reaches zero.

Ethermine is the world’s largest ethereum mining pool with 262.79 terahash per second (TH/s) dedicated to the Ethereum chain. The pool is much larger in terms of hashrate compared to the second largest ethereum mining pool F2pool, as F2pool commands 127.48 TH/s, according to today’s mining pool statistics.

“The mining phase of Ethereum will come to an end on the 15th of September 2022. After this date, it will no longer be possible to mine ether on the Ethereum network using graphic cards (GPUs) or ASICs,(…). As a consequence of this transition, the Ethermine Ethereum mining pool will switch to withdraw-only mode once the Proof-of-Work mining phase has ended.”

The blog post wrote

While Ethermine will no longer allow mining of Ether under PoW, the platform will continue to support the mining of Ethereum Classic (ETC), Ravencoin (RVN), Ergo (ERGO), and Beam (BEAM). 

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Foxy

CoinCu News