The current leading Ethereum mining pool, Ethermine, has announced that it will stop supporting ETH mining after The Merge upgrade.

Ethermine, the ETH mining pool that accounts for more than 27% of the Ethereum network’s hashrate, says it will no longer support Proof-of-Work ETH mining after the world’s second-largest cryptocurrency network completed upgrading The Merge to switch to using the Proof-of-Stake mechanism.

This mining pool also confirmed that it will not support any other PoW ETH forks, meaning that it will close the ETH mining server completely.

Instead, users can continue to use ASIC miners and GPU graphics cards to mine Ethermine-supported cryptocurrencies, including Ethereum Classic (ETC), Ravencoin (RVN), Ergo (ERGO), and Beam (BEAM).

The Merge is the most important upgrade in Ethereum history, scheduled for early September 15, 2022. This is the long-awaited event for the Ether community in particular and the cryptocurrency community in general.

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.

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Harold

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Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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Ethereum

Ethermine Stops Supporting ETH Mining After The Merge

The current leading Ethereum mining pool, Ethermine, has announced that it will stop supporting ETH mining after The Merge upgrade.

Ethermine, the ETH mining pool that accounts for more than 27% of the Ethereum network’s hashrate, says it will no longer support Proof-of-Work ETH mining after the world’s second-largest cryptocurrency network completed upgrading The Merge to switch to using the Proof-of-Stake mechanism.

This mining pool also confirmed that it will not support any other PoW ETH forks, meaning that it will close the ETH mining server completely.

After seven years of intensive research & development the mining phase of Ethereum will come to an end in around 20 hours. (5 AM UTC)

Remaining payouts can be manually triggered on the dashboard page after the merge.⁰⁰

For more info, please visit: https://t.co/0UwFCXzrEX

— Ethpool.eth (@ethpool_staking) September 14, 2022

Instead, users can continue to use ASIC miners and GPU graphics cards to mine Ethermine-supported cryptocurrencies, including Ethereum Classic (ETC), Ravencoin (RVN), Ergo (ERGO), and Beam (BEAM).

The Merge is the most important upgrade in Ethereum history, scheduled for early September 15, 2022. This is the long-awaited event for the Ether community in particular and the cryptocurrency community in general.

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

Harold

CoinCu News

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