Major Ethereum Mining Pools Will Support ETHW After The Merge
Major Ethereum mining pools like F2Pool, Poolin, BTC.com and Nanopool will support EthereumPoW after the merge. The ETHW community has also partnered with the EthwMine standby mining pool as a backup option for miners.
Major pools including F2Pool, Poolin, and BTC.com will enable ETHW mining, which is anticipated to start after a planned hard fork, according to a series of tweets from the ETHW account. A few hours later, Nanopool also declared its intention to take part.
“In addition to the major mining pools (F2Pool, Poolin, BTC.com, etc.) that have confirmed their support of ETHW mining, some new pools are also doing mining tests based on data from our testnet,”
The tweet said
With the long-awaited “The Merge” Ethereum, the second-largest cryptocurrency, will switch to proof of stake. As a result, validators will take their position and process transactions while maintaining the security of the network, eliminating the need for miners.
The change is intended to make the network greener. Blockchains based on proof-of-work, such as Bitcoin, are infamously energy-intensive. In order to maintain the network, industrial operations that consume a lot of electricity are not required with a proof-of-stake consensus mechanism.
It also stated that EthwMine, a backup mining pool, has joined forces with the ETHW community.
Several significant exchanges, including Coinbase and Binance, have stated they would not exclude out listing ETHW in the meantime.
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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Ethereum
Major Ethereum Mining Pools Will Support ETHW After The Merge
Major Ethereum mining pools like F2Pool, Poolin, BTC.com and Nanopool will support EthereumPoW after the merge. The ETHW community has also partnered with the EthwMine standby mining pool as a backup option for miners.
Major pools including F2Pool, Poolin, and BTC.com will enable ETHW mining, which is anticipated to start after a planned hard fork, according to a series of tweets from the ETHW account. A few hours later, Nanopool also declared its intention to take part.
“In addition to the major mining pools (F2Pool, Poolin, BTC.com, etc.) that have confirmed their support of ETHW mining, some new pools are also doing mining tests based on data from our testnet,”
The tweet said
With the long-awaited “The Merge” Ethereum, the second-largest cryptocurrency, will switch to proof of stake. As a result, validators will take their position and process transactions while maintaining the security of the network, eliminating the need for miners.
The change is intended to make the network greener. Blockchains based on proof-of-work, such as Bitcoin, are infamously energy-intensive. In order to maintain the network, industrial operations that consume a lot of electricity are not required with a proof-of-stake consensus mechanism.
It also stated that EthwMine, a backup mining pool, has joined forces with the ETHW community.
Several significant exchanges, including Coinbase and Binance, have stated they would not exclude out listing ETHW in the meantime.
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
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