Regardless of Ethereum’s historic transition to a proof-of-stake (PoS) consensus mechanism, mining swimming pools are more and more signing up for mining on the upcoming proof-of-work (PoW) model of Ethereum.
EthereumPoW, the group advocating for ETHPoW, or the PoW Ethereum model, has released a listing of mining swimming pools which can be going to proceed mining after the ETHW mainnet launch.
In keeping with EthereumPoW, some main Ethereum mining swimming pools are going to proceed mining regardless of Ethereum’s change to the eco-friendly PoS consensus mechanism.
On the time of writing, the listing of ETHW mining swimming pools composes a complete of 19 varied mining swimming pools, together with F2Pool, Poolin, AntPool, Nanopool, 2miners and EthwMine.
Apparently, the listing contains some Russia-linked swimming pools, together with Pool Moscow and BaikalMine, in addition to Ukrainian ones, reminiscent of UA Pool. EthereumPoW famous that the listing is rising as extra swimming pools are becoming a member of after the mainnet launch.
The talked about ETHW mining swimming pools apparently make up important mining capability. In keeping with knowledge from ETH.BTC.com, F2Pool is the second-largest Ethereum mining pool by blocks after Ethermine, with the year-to-date block share amounting to fifteen.7%.
Poolin can be a major contributor, as a number of Poolin mining swimming pools have a complete block share of 8.7%. In keeping with the information, 2miners, Nanopool and AntPool are additionally notable mining swimming pools, with the annual block share standing at 5%, 3% and 1.5%, respectively.
Collectively, ETHW mining swimming pools apparently make up extra mining capability when it comes to block share than Ethermine, the world’s largest Ethereum mining pool, which mined greater than 28% of all Ethereum blocks over the previous 12 months.
In contrast to F2Pool and Poolin, Ethermine opted to terminate its Ethereum mining pool providers as a result of Ethereum switching on PoS, formally announcing a withdrawal-only mode on Wednesday. As a substitute, the corporate has launched a brand new Ethereum staking service consistent with the PoS Ethereum imaginative and prescient of the Ethereum Basis.
F2Pool didn’t instantly reply to Cointelegraph’s request for remark. This text will likely be up to date pending new info.
As beforehand reported by Cointelegraph, Ethereum’s PoS transition grew to become a significant concern for Ethereum mining companies because the Ethereum Merge was initially designed to eradicate PoW mining.
Associated: ETHW Core to push on with Ethereum PoW fork 24 hours after Merge
The Merge is positioned as a significant Ethereum improve, aiming to make the cryptocurrency greener and extra eco-friendly. In keeping with Ethereum researcher Justin Drake, the Ethereum Merge will cut back worldwide electrical energy consumption by 0.2%.
“The merge will cut back worldwide electrical energy consumption by 0.2%” – @drakefjustin
— vitalik.eth (@VitalikButerin) September 15, 2022
As a consequence of Ethereum switching to PoS, Ethereum mining-related companies have been actively trying to find options to proceed mining. For instance, cryptocurrency miner Hive Blockchain has been working to exchange the mining of Ether (ETH) with different cash.