The largest Ethermine mining pool on the Ethereum network stated that none of the potential forks based on the Proof-of-Work (PoW).
“After seven long years of research and development, the Ethereum mining phase will end on September 15, 2022. After this date, it will not be possible to mine ether using graphics cards (GPU) or ASIC miners,” the message says.
After merging, the platform will switch to output-only mode. All Ethereum pool Stratum servers will be shut down.According to the statement, the service operator of the blockchain company Bitfly came to a decision “after careful evaluation”.
Ethermine will invite miners to join the mining of one of the other cryptocurrencies on the Ethhash algorithm:
- Ethereum Classic (ETC);
- Ravencoin (RVN);
- Ergo (ERGO);
- Beam (BEAM).
To stimulate miners, the service will reset the commission in the pools of these coins during September.
In late July, miner Chandler Goh came up with the idea of launching an Ethereum fork that would continue to run on PoW algorithm. The new network is designed to enable cryptocurrency miners to continue their activities after the transition of the main blockchain to Proof-of-Stake (PoS).
Ethereum Classic Ecosystem Leader ETC Cooperative Bob Summerville in an open letter to Goh questioned the the feasibility of the fork and the prospects of the new network if it were launched. He invited the supporters of the project to join the ETC mining.
Ethereum PoW (ETHW) developers named the fork an “inevitable” response to a request from the community and miners. Among the objections to Summerville’s arguments, they noted that the Ethereum Classic network is simply not able to accommodate the released power, which exceeds its hash rate by an order of magnitude.
Recall that JPMorgan analysts admitted that ETC will be the main beneficiary of the influx of miners after Ethereum switches to PoS.
Source: https://forklog.com/krupnejshij-majning-pul-ethereum-ne-podderzhit- pow-forki-seti/
