Ethereum

F2Pool, Poolin To Begin Ethereum PoW Mining After ETHW Mainnet Launch

Regardless of Ethereum’s historic transition to a proof-of-stake (PoS) consensus mechanism, mining swimming pools are more and more sign language up for mining on the future proof-of-work (PoW) model of Ethereum.

EthereumPoW, the group advocating for ETHPoW, or the PoW Ethereum model, has launched an inventory of mining swimming pools which are going to proceed mining after the ETHW mainnet launch.

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F2Pool, Poolin To Begin Ethereum PoW Mining After ETHW Mainnet Launch

Based on EthereumPoW, some main Ethereum mining swimming pools are going to proceed mining regardless of Ethereum’s swap to the eco-friendly PoS consensus mechanism.

On the time of writing, the record of ETHW mining swimming pools composes a complete of 19 many mining swimming pools, together with F2Pool, Poolin, AntPool, Nanopool, 2miners and EthwMine.

Apparently, the record contains some Russia-linked swimming pools, together with Pool Moscow and BaikalMine, additionally to Ukrainian ones, mindful of UA Pool. EthereumPoW noted that the record is rising as extra swimming pools are becoming a member of after the mainnet launch.

The talked about ETHW mining swimming pools apparently make up important mining capability. Based on information from ETH.BTC.com, F2Pool is the second-largest Ethereum mining pool by blocks after Ethermine, with the year-to-date block share amounting to fifteen.7%.

Poolin can be a big contributor, as a number of Poolin mining swimming pools have a complete block share of 8.7%. Based on the info, 2miners, Nanopool and AntPool are in addition notable mining swimming pools, with the annual block share standing at 5%, 3% and 1.5%, respectively.

Collectively, ETHW mining swimming pools apparently make up extra mining capability by way of block share than Ethermine, the world’s largest Ethereum mining pool, which well-mined greater than 28% of all Ethereum blocks over the previous 12 months.

Not like F2Pool and Poolin, Ethermine opted to terminate its Ethereum mining pool companies as a consequence of Ethereum switch on PoS, formally expression a withdrawal-only mode on Wednesday. As a substitute, the corporate has launched a brand new Ethereum staking service in keeping with the PoS Ethereum ingenious and discerning of the Ethereum Basis.

F2Pool didn’t instantly reply to Cointelegraph’s request for remark. This text shall be up up to now unfinished new data.

As beforehand according by Cointelegraph, Ethereum’s PoS transition turned a serious concern for Ethereum mining companies because the Ethereum Merge was at first designed to eradicate PoW mining.

The Merge is positioned as a serious Ethereum improve, aiming to make the cryptocurrency greener and extra eco-friendly. Based on Ethereum research worker Justin Drake, the Ethereum Merge will scale back worldwide electricity consumption by 0.2%.

Resulting from Ethereum switch to PoS, Ethereum mining-related companies have been actively looking options to proceed mining. For instance, cryptocurrency miner Hive Blockchain has been working to switch the mining of Ether (ETH) with different cash.