Binance Officially Launches Ethereum Proof-of-Work (ETHW) Mining Pool

Binance Responds to Miners Who Want to Maintain PoW Mining by launching ETHW Mining Pool.

The largest cryptocurrency exchange has just announced the launch of an Ethereum Proof-of-Work (ETHW) mining pool. Besides, it has decided to offer all users of its ETHW Pool a zero fee for mining ETHW.

Since Ethereum successfully completed the Merge, the entire network has undergone a major change following the transition from Proof-of-work (PoW) to Proof-of-stake (PoS). Therefore, many miners have suffered heavy losses with the mass investment of PoW miners.

This exchange has boosted ETHW presence by implementing Ethereum Proof-of-Work [ETHW] Mining Pool. This could be the biggest consolation for proof-of-work miners.

“In order to protect Binance users, ETHW will go through the same strict listing review process as Binance does for any other coin/token. Supporting ETHW on Binance Pool does not guarantee the listing of ETHW. Binance does not guarantee any listings as per our internal policy.”

The announcement wrote

It should be noted that the zero pool fees offer would be in place only for a month till 29th October. Following the promotion period, this offer would end.

Binance affirmed that only withdrawals were available for ETHW on the exchange. Users were allowed to sell their ETHW against BUSD and USDT, however, deposits were shut.

Recently, ETHW has still received positive signals. ETHW price started to increase from September 27 to present. Currently trading at $11.7, up 11.72% in 4 hours.

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