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

The world’s largest ethereum mining pool, Ethermine, has announced the enactment plans to driblet proof-of-work (PoW) ethereum mining entirely. Ethermine says that the platform’s miner dashboard volition show a countdown and users tin proceed to excavation ether until the countdown reaches zero.

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 caller announcement from the world’s largest ethereum mining pool, Ethermine, the level plans to halt ETH mining arsenic soon arsenic The Merge takes place. Currently, the Ethereum web volition transition from a PoW web to a proof-of-stake (PoS) web connected oregon astir September 15, 2022. During the past fewer weeks, it’s been a guessing crippled arsenic to precisely wherever ethereum miners volition spell pursuing The Merge.

Ethermine is the world’s largest ethereum mining excavation with 262.79 terahash per 2nd (TH/s) dedicated to the Ethereum chain. The excavation is overmuch larger successful presumption of hashrate compared to the 2nd largest ethereum mining excavation F2pool, arsenic F2pool commands 127.48 TH/s, according to today’s mining excavation statistics.

“The mining signifier of Ethereum volition travel to an extremity connected the 15th of September 2022. After this date, it volition nary longer beryllium imaginable to excavation ether connected the Ethereum web utilizing graphic cards (GPUs) oregon ASICs,” Ethermine detailed. “As a effect of this transition, the Ethermine Ethereum mining excavation volition power to withdraw-only mode erstwhile the Proof-of-Work mining signifier has ended.” The blog station adds:

An close countdown timer volition beryllium disposable connected the miner dashboard. You tin proceed to excavation 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 mentation of Ethereum called ETHW. While a fig of exchanges person listed ETHW, the IOU token has crashed 63% from a precocious of $139.62 per portion to today’s $50.68 per portion price. The concatenation has not forked yet, truthful there’s nary approximate mode to fig retired however overmuch hashrate volition enactment the projected ETHW chain.

Moreover, during the past 4 days, Ethereum Classic’s (ETC) web has received a important boost successful hashrate, climbing 39% higher since August 17. ETC’s hashrate tapped an all-time high connected August 20, 2022, surpassing 38 terahash per 2nd (TH/s). Other Ethash-centric tokens similar RVN, ERGO, and BEAM person not seen hashrate increases of the magnitude ETC recorded this weekend.

What bash you deliberation astir the world’s largest ether mining excavation Ethermine ending ethereum mining? Let america cognize what you deliberation astir this taxable successful the comments conception below.