Ethereum Mining Pool Ethermine Will Drop PoW Mining After The Merger!
Ethereum Mining Pool Ethermine Will Drop PoW Mining After The Merger! In recent news, Ethermine announced to the community steps they will take on the upcoming event, ‘The Merge’.
The world’s largest #Ethereum mining pool, Ethermine, will not offer a dedicated mining pool for the PoW fork. 😳
Do you mine $ETH?
— The Moon | Carl (@TheMoonCarl) August 19, 2022
The Announcement
Recently, the impact of ‘The Merge’ on miners has been trending in the community. ‘The Merge’ is an Ethereum upgrade from Proof-of-Work (PoW) to Proof-of-Stake (PoS). Many people are talking about miners gaining income from mining activity, but since ‘The Merge’ will practically eliminate miners, some people want to help them.
Amid the concern for miners, Ethermine, the largest Ethereum mining pool, announced its plan on ‘The Merge’. According to the announcement, Ethermine will drop mining activity as soon as ‘The Merge’ happens on September 15th. Ethermine emphasized that after ‘The Merge’, it is impossible to mine Ether on the Ethereum Network using Graphic Cards (GPUs) or ASICs.
Ethermine stated, “As a consequence of this transition, the Ethermine Ethereum mining pool will switch to withdrawal-only mode once the Proof-of-Work mining phase has ended.”
Ethermine ended the announcement by saying thank you to everyone, and people can contact them on Discord for more questions.
The Merge and Miners
In many news articles about ‘The Merge’, members in the community do not seem to stop discussing its connection to miners. They know miners gain income from mining activity, and ‘The Merge’ will eliminate miners.
Chandler Guo, a popular Chinese miner, wanted to help miners by keeping PoW alive. However, in a recent interview, Guo stated there is still a 90% chance the ETHW fork will fail.
It seems the topic around miners will not be stopping soon. Especially since ‘The Merge’ is happening next month, updates will keep coming.
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