Since the Merge, Ethereum no longer relies on miners, stripping many crypto mining firms of one of their primary income sources. The Merge was one of the biggest developments in the crypto space this year, reducing Ethereum’s carbon emissions by more than 99%. More Mining Pools Expected to List ETHW After the Mergeīinance Pool’s launch of ETHW mining service comes just two weeks after Ethereum completed the Merge, which saw the blockchain transition from Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism. Join our Telegram group and never miss a breaking digital asset story. Additionally, users can convert their ETHW to BUSD or USDT using Binance Convert. 29, users will only be able to withdraw ETHW on Binance, meaning that deposits are currently unavailable. Binance does not guarantee any listings as per our internal policy.” Binance Pool Officially Launches Ethereum Proof-of-Work (ETHW) Mining Pool: Join ETHW Mining to Enjoy Zero Pool Fees!Īs of Sept. Supporting ETHW on Binance Pool does not guarantee the listing of ETHW. “In order to protect Binance users, ETHW will go through the same strict listing review process as Binance does for any other coin/token. The company also said that the listing of ETHW on Binance Pool does not guarantee the listing of ETHW. Just like any other token, ETHW will also undergo a rigorous listing review process in a bid to protect Binance users. To enjoy zero pool fees, users have to contribute hashrate to the new ETHW pool. Users Can Only Withdraw or Convert ETHW on Binance Deposits Unavailableīinance Pool said in an official blog post it is rolling out an Ethereum Proof-of-Work (ETHW) mining service, which will allow users to mine ETHW with no fees during the promotion period. The move, which comes just two weeks after Ethereum transitioned from a PoW to a PoS model, will allow users to mine ETHW with zero pool fees during the promotion period. Please consult our website policy prior to making financial decisions.īinance Pool announced the launch of its Ethereum Proof-of-Work (ETHW) mining service Thursday. Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice.
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