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The transition of Ethereum to Proof-of-Stake (PoS) has brought a lot of changes in its mining activities. The main purpose of the transition is to eliminate the mining of Proof-of-Work (PoW) on the Ethereum platform. As per the Ethereum developer, Justin Drake, “The Merge” will reduce the consumption of electricity by 0.2%.
With its token Ethereum Proof-of-Work(ETHW), miners decided to continue their ETH mining on the PoW platform after the separation from the main ETH blockchain. The purpose of the merge is to separate the current Proof-of-Work mining procedure from Ethereum to Proof-of-Stake. To replace the miners with validators in the PoS system.
As the transition was completed successfully, firms associated with Ethereum mining were looking for platforms to continue mining ETHW. And the number of miners is constantly increasing to utilize the upcoming new version of Ethereum Proof-of-Work (PoW). The large mining pools are going to support the mining of fork tokens.
According to ETH mining, it is estimated that 23 mining pools are going to support ETHW mining. The new version of Ethereum PoW officially announced a set of mining pools on Thursday. They decided to continue their mining after the launch of the ETHW mainnet. Some of the major pools have decided to continue their mining regardless of the Ethereum transition. Here is the list according to the data.
- f2pool
- Poolin
- 2 miners
- Antpool
- Btc.com
- Nanopool
- e4pool
- x-pool
The list consists of some of the Ukraine, Russia, and China-affiliated pools. They are UA pool, Baikalmine, Moscow pool, and Antpool respectively. ETHW Mining Pools – EthereumPoW – Medium)
The F2pool on its official website stated that it is going to launch the EthereumPoW (ETHW) mining pool and that the leftover ETH pool will be redirected into the ETHW pool. And some of the major pools, like Poolin with a block share of 8.7%, and Antpool, with a block share of 1.5%, have also launched their ETHW pool on their platforms.
After Ethermine, f2pool has been in second place for Ethereum mining for the past year, but according to recent data, f2pool has jumped into the first position for Ethereum mining. Besides that, Ethermine selected another option to launch the stakes on the Ethereum PoS platform; it decided to cancel the old service due to the merge.
The mining procedure in EthereumPoW
- To acquire suitable hardware like GPU and ASIC mining machines.
- To acquire the address of wallets.
- Signup for the wanted pool account.
- Configure the mining software.
- Then start the mining.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
