World’s Largest Ethereum Mining Pool to Drop Ether PoW Mining, Ethermine Starts Merge countdown

The world’s largest ethereum mining pool, Ethermine, has proclaimed the organization plans to drop proof-of-work (PoW) ethereum mining entirely. Ethermine says that the platform’s miner dashboard can show a count and users will still mine ether till the countdown reaches zero.

Largest Ether Mining Pool to finish captive Ethereum Mining — Ethermine Ethereum Mining Pool can Switch to Withdraw-Only Mode After the Merge

According to a recent announcement from the world’s largest ethereum mining pool, Ethermine, the platform plans to halt ETH mining as before long because the Merge takes place. Currently, the Ethereum network can transition from a captive network to a proof-of-stake (PoS) network on or around Sept 15, 2022. Throughout the previous couple of weeks, it’s been a game on specifically wherever ethereum miners can go following The Merge.

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

“The mining section of Ethereum can return to associate degree end on the 15 of Sept 2022. when this date, it’ll now not be potential to mine ether on the Ethereum network exploitation graphic cards (GPUs) or ASICs,” Ethermine careful. “As a consequence of this transition, the Ethermine Ethereum mining pool can switch to withdraw-only mode once the Proof-of-Work mining section has terminated.” The web log post adds:

An correct count timer are offered on the jack dashboard. you’ll be able to still mine ether till the count has reached zero.

Ethermine’s Disclosure Follows Ethereum Classic’s Hashrate Spike

Ethermine’s announcement follows the planned creation of a proof-of-work version of Ethereum known as ETHW. whereas variety of exchanges have listed ETHW, the IOU token has crashed sixty three from a high of $139.62 per unit to today’s $50.68 per unit worth. The chain has not forked nonetheless, thus there’s no approximate thanks to find out what quantity hashrate can support the planned ETHW chain.

Moreover, throughout the last four days, Ethereum Classic’s (ETC) network has received a big boost in hashrate, mounting thirty ninth higher since August 17. ETC’s hashrate tapped an incomparable high on August 22, 2022, surpassing thirty eight terahash per second (TH/s). different Ethash-centric tokens like RVN, ERGO, and BEAM haven’t seen hashrate increase of the magnitude ETC recorded this weekend.

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