Ethereum’s largest mining pool abandons Ether PoW mining, Ether mine begins countdown to merger

Ether mine indicates that the platform’s miner dashboard will display a countdown timer and users can continue to mine ether until the countdown timer reaches zero.

Largest ether mining pool ends ethereum mining PoW – The ethereum mining pool Ether mine will switch to withdrawal mode only after the merge.

According to a recent announcement from the world’s largest ethereum mining pool, Ether mine, the platform plans to stop ETH mining as soon as The Merger occurs. Currently, the Ethereum network will transition from a PoW network to a proof-of-stake (PoS) network on or around September 15, 2022. In recent weeks, ethereum miners have been left wondering where they will go after the merger.

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Ether mine is the largest ethereum mining pool in the world with 262.79 terahash per second (TH/s) dedicated to the Ethereum chain. The pool is much larger in terms of hashrate than the second largest Ethereum mining pool. F2pool because F2pool commands 127.48 TH/s, according to today’s data according to the mining pool statistics.

World's largest Ethereum mining pool abandons Ether PoW mining, Ethermine starts merger countdown.
The first five ethereum mining pools on August 21, 2022. WhileEther mine is the largest ETH it is the second largest ethereum classic pool (ETC) as F2pool is ETC The largest mining pool in the world today.

The Ethereum mining phase will end on September 15, 2022. After this date, it will no longer be possible to mine ether on the Ethereum network using graphics cards (GPUs) or ASICs“, detailed Ether mine. “As a result of this transition, Ether mine’s Ethereum mining pool will only go into withdrawal mode once the Proof-of-Work mining phase is complete.“The blog post adds:

An accurate countdown timer will be available on the miner’s dashboard. You will be able to continue mining ether until the countdown has reached zero.

Ether mine disclosure follows Ethereum Classic hash rate peak

The announcement ofEther mine follows the proposal to create a proof-of-work version of Ethereum called ETHW. While a number of exchanges have listed ETHW. The IOU token collapsed 63 percent from a high of $139.62 per unit to $50.68 per unit today. The chain has not yet forked, so there is no rough way to know how much hashrate the proposed ETHW chain will support.

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World's largest Ethereum mining pool abandons Ether PoW mining, Ethermine starts merger countdown.
Ether mine says it will not support the proposed Ethereum PoW fork or “any planned PoW fork.”

Additionally, over the past four days, The Ethereum Classic (ETC) index has received a significant increase in its hash rate, which has risen 39% since August 17. ETC’s hash rate reached a record high on August 20, 2022, exceeding 38 terahash per second (TH/s). Other Ethash-focused tokens, such as RVN, ERGO, and BEAM did not see a hashrate increase of the magnitude ETC recorded this weekend.

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