The much-talked about Ethereum [ETH] Merge is around the corner, and things seem to be heating up in the mining community. The leading altcoin has adopted a more environmentally-friendly Proof-of-Stake (PoS) consensus mechanism. This has put miners in a tough spot as they will be pushed out of business post-Merge. While some miners are looking […]
Merge is around the corner, and things seem to be heating up in the mining community.
The leading altcoin has adopted a more environmentally-friendly Proof-of-Stake consensus mechanism. This has put miners in a tough spot as they will be pushed out of business post-Merge. While some miners are looking forward to a hard fork, others are choosing to shift to other networks.Recently, one of the largest Ethereum mining pools, Ethermine made an important announcement. It stated that the mining pool will switch to withdrawal-only mode once the Proof-of-Work mining phase is completed. This means miners would need to shift to a different coin in order to carry out their mining operations.
However, Etheremine recommended miners join its other high-performance mining pools for multiple tokens. These include ETC, RVN, ERGO, and BEAM.On one hand, the ETH PoW community is receiving support from multiple exchanges, such as Poloniex Exchange, which has already listed two potential hard fork tokens on its platform.
Additionally, mining pools like Ethermine have decided not to offer any dedicated support for such tokens. However, the Ethereum PoW community is continuing its efforts as it released the first batch of contracts to freeze.ETHW Core released the first batch of contracts to freeze.
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