ETH mining is dead, long live ETHW mining! – The big day is here : The Merge of Ethereum (ETH) and its transition to Proof of Stake (PoS) occurred on September 15 in the morning, with no apparent worries. On the side of minorsit’s over for ETH, but it’s going to start again very soon on ETH-Proof of Work (ETHW). Many mining pools will indeed to toggle on mining these forked ethers.
Their mining machines will not even have had time to cool down!
The network Ethereum has officially moved to Proof of Stake this September 15, 2022. But the minors are resisting. If they are put forced unemployment on the ETH blockchain, they intend to get back to work with the launch of a remaining Proof-of-work-based Ethereum, or Proof of Work (PoW).
This Ethereum-PoW network should be launched 24 hours later the occurrence of The Merge. Or, logically, a little after 8 a.m. this Friday September 16 2022. As the official Twitter account of this new forked Ethereum blockchain specifies, many mining cooperatives (mining pools) have announced that they will transfer the computing power of their machines to this network.
All the big players in Ethereum mining are switching to its version that has remained in PoW
According to a list published by Ethereum-PoW teams, large mining pools like F2Pool, poolin, 2miners, BTC.comor Nanopoolwill continue the Proof of Work adventure by mining ETHW (not to be confused with WETH/Wrapped ETH).
Other pools are said to be ready to join the movement, and are currently preparing their mining machines via the Ethereum-PoW test network:
“(…) In addition to the major mining pools (F2Pool, Poolin, BTC.com, etc.) that have confirmed their support for ETHW mining, some new pools are also performing mining tests based on data from our testnet. »
There ” of transition so that the ETHW network remains based on mining therefore looks good, a priori. On the side of those who have switched to Proof of Stake, miner replacements are discovering the risk of “Slashing” : if ever a validator does not do its job well (by finding itself offline for example), he is penalized and part of his precious ethers staked are confiscated.
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