Antpool Reveals Plans to Drop Ethereum Ethash Support, Plans to Keep Mining ETC

Antpool, the bitcoin mining excavation affiliated with Bitmain, has announced the crypto mining cognition volition not negociate ethereum accounts aft The Merge is implemented. The mining excavation is asking participating Antpool miners to adhd their ethereum withdrawal addresses by September 3, successful bid to person the accumulated ether collected by Antpool.

Antpool to Stop Supporting Ethereum Following The Merge

On Saturday, August 27, the cryptocurrency mining excavation Antpool told customers that it volition nary longer support ETH assets aft The Merge. Customers person until September 3 to springiness an ETH code successful bid to cod the remaining ether mined by Antpool’s ethereum mining operation. Statistics amusement determination is conscionable implicit 1,000 terahash per 2nd (TH/s) of hashpower dedicated to the ETH blockchain and Antpool is the tenth largest ETH mining excavation successful presumption of hashrate.

The largest ETH mining excavation successful presumption of hashrate is Ethermine, a excavation that commands 263 terahash of hashpower compared to Antpool’s 17.9 terahash. Ethermine besides announced it would halt supporting ETH assets and would not excavation a new PoW mentation of ETH. Antpool declared that The Merge comes with immoderate censorship risk, and the excavation volition administer the remaining ETH Antpool mined adjacent month.

“As ETH 2.0 (The Merge) comes on with the hazard of censorship among antithetic countries, Antpool, for the involvement of clients’ plus security, volition not beryllium capable to support the user’s ETH assets connected the PoS chain,” the mining excavation cognition elaborate connected Saturday. Antpool besides mentioned that the excavation advocates decentralized proof-of-work created by Satoshi Nakamoto and it “fully supports BTC, ETC and different PoWs tokens.”

Antpool added:

Antpool volition proceed providing Ethash mining excavation services for users who program to support mining Ethash tokens similar [Ethereum Classic], and volition marque each effort to guarantee hash powerfulness stableness and plus security.

The quality follows Antpool’s announcement connected July 26, erstwhile the mining pool’s main enforcement serviceman Lv Lei explained astatine Bitmain’s mining acme that the steadfast invested $10 cardinal to bolster Ethereum Classic (ETC). ETC’s hashrate erstwhile again tapped different all-time high connected August 26, 2022, astatine artifact tallness 15,817,701, erstwhile it reached 39.58 terahash per 2nd (TH/s).

What bash you deliberation astir Antpool’s announcement concerning maintaining ETH assets aft The Merge? Let america cognize what you deliberation astir this taxable successful the comments conception below.