en en nl en en en en en nl en en en en en en en en eo en en war sv en en en en en en en en en en en pl cs en en en en en en es es es tr fr en en en en en en en en en en en en en en en en en en en en en en en en en en fa en en en en en en es en nl en en en en en en en en en en en en en en en en en en en nl en war en en en en en en en en en en nl en en en en en en en en eu en en en en en en en en en en en nl en war en en en en en en en en war sv en cs sv en en da en en en en en en en pl en en id en en en en en ru sv ja ms zh es ru en eu fi fr es nl de eu es nb en ru sl uk en nl en en en en en lt en en en en en en en en en en en en en en en en en en en en en en en en en en en en fa en en en en en en en en en en en en en en en en en en en en en en en en
World’s Largest Ethereum Mining Pool to Drop Ether PoW Mining, Ethermine Starts Merge Countdown – CryptoScoop
Your window into the world of crypto
Read Time:2 Minute, 30 Second
The world’s largest ethereum mining pool, Ethermine, has announced the organization plans to drop proof-of-work (PoW) ethereum mining entirely. Ethermine says that the platform’s miner dashboard will display a countdown and users can continue to mine ether until the countdown reaches zero.  Largest Ether Mining Pool to End PoW Ethereum Mining — Ethermine Ethereum Mining […]
Largest Ether Mining Pool to End PoW Ethereum Mining — Ethermine Ethereum Mining Pool Will 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 soon as The Merge takes place. Currently, the Ethereum network will transition from a PoW network to a proof-of-stake (PoS) network on or around September 15, 2022. During the last few weeks, it’s been a guessing game as to exactly where ethereum miners will go following The Merge.
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,” Ethermine detailed. “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 adds:
An accurate countdown timer will be available on the miner dashboard. You can continue to mine ether until the countdown has reached zero.
Ethermine’s Disclosure Follows Ethereum Classic’s Hashrate Spike
Ethermine’s announcement follows the proposed creation of a proof-of-work version of Ethereum called ETHW. While a number of exchanges have listed ETHW, the IOU token has crashed 63% from a high of $139.62 per unit to today’s $50.68 per unit price. The chain has not forked yet, so there’s no approximate way to figure out how much hashrate will support the proposed ETHW chain.
Moreover, during the last four days, Ethereum Classic’s (ETC) network has received a significant boost in hashrate, climbing 39% higher since August 17. ETC’s hashrate tapped an all-time high on August 20, 2022, surpassing 38 terahash per second (TH/s). Other Ethash-centric tokens like RVN, ERGO, and BEAM have not seen hashrate increases of the magnitude ETC recorded this weekend.
What do you think about the world’s largest ether mining pool Ethermine ending ethereum mining? Let us know what you think about this subject in the comments section below.
Leave a Reply Cancel reply
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
$4 billion distressed loans
Bitdeer Sets Up $250M Fund to Acquire Assets From Financially Distressed Bitcoin Miners
According to a representative from the bitcoin mining company backed by the Chinese crypto billionaire Jihan Wu, Bitdeer is crafting a $250 million fund to buy distressed assets from embattled bitcoin miners. Bitdeer’s chief executive officer Matt Kong details that “opportunities” arise in “every cycle.” Bitdeer Wants to Acquire Cheap Machines From Distressed Bitcoin Miners […]
Bitcoin, Ethereum Technical Analysis: BTC Back Above $20,000 as Bulls Return to Crypto Markets
Cambridge Centre for Alternative Finance
less efficient mining rigs
Research Finds Bitcoin Mining Equates to 0.10% of Global Greenhouse Gas Emissions
Bitcoin, Ethereum Technical Analysis: BTC Below $19,000 as Sentiment in Crypto Remains Bearish
Ethereum Classic Hashrate Slides 46% Since The Merge, PoW ETH Forks Gather Double-Digit Gains
Your window into the world of crypto
Copyright © 2022 CryptoScoop Copyright All rights reserved
Theme: True News By Themeinwp. Powered by WordPress.
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.