Ethermine to Drop Ethereum PoW Mining Upon Merge

Ethermine to Drop Ethereum PoW Mining Upon Merge

World’s largest ethereum mining pool, Ethermine, introduced plans to drop Ethereum Proof-of-Work (PoW) mining utterly upon probably the most anticipated Merge occasion.

As per the announcement, on September 15, 2022, Ethereum’s mining part will come to a conclusion. According to Tim Beiko, the Ethereum core developer, the tentative date for Ethereum Merge is September 15.

Post Merge, it’ll not be doable to mine Ether on the Ethereum Network utilizing Graphic Cards (GPUs) or ASICs. 

The platform will nonetheless assist the mining of Ethereum Classic (ETC), Ravencoin (RVN), Ergo (ERGO), and Beam (BEAM), even when Ethermine will not allow Ether to be mined by way of the PoW methodology. 

Additionally, the crew will run a 0% payment promotion for Ethereum Classic, Ravencoin, Ergo, and Beam mining swimming pools all through the month of September.

The Ethermine Ethereum mining pool will change to withdrawal-only mode upon the Proof-of-Stake (PoS) transition, after the PoW mining part ends. 

On the miner dashboard, there can be a exact countdown clock and the group can hold mining Ether up till the timer reaches zero.

Users can provoke a guide payout on their Dashboard web page to obtain a ultimate settlement of their unpaid steadiness. 

If the customers have greater than 0.005 ETH or extra in unpaid steadiness, they’ll request for a guide payout. The transaction payment can be subtracted from their unpaid steadiness for guide payouts.

Compiled by Coinbold

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