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Following the integration, several large Ethereum mining pools are likely to implement EthereumPoW (ETHW), its creators revealed today.
According to a series of tweets from the ETHW account, prominent mining pools like F2Pool, Poolin, and BTC.com will support ETHW mining, which is slated to begin following an upcoming hard fork. A few hours later, Nanopool also declared their participation.
Mining pools are organizations of crypto miners that share their resources so that other miners may collaborate with them and have a greater chance of completing a transaction and share in the rewards.
Ethereum, the second-largest cryptocurrency, is undergoing the merge, a long-anticipated move to proof of stake. This will eliminate the need for miners since validators will take their position in maintaining the security of the network and processing transactions.
The measure is expected to make the network greener. Proof-of-work blockchains, such as Bitcoin, are notoriously power-hungry. A consensus process based on proof-of-stake eliminates the requirement for energy-intensive industrial operations to maintain the network.
However, famous Chinese miner Chandler Guo initiated a campaign last month to protest the merger, as people who previously mined Ethereum might be left with possibly worthless rigs.
Guo and other developers proposed a new cryptocurrency that would continue employing proof-of-work mining to save these activities. And today’s report shows that the move has broader backing.
In addition to the big mining pools (F2Pool, Poolin, BTC.com, etc.) that have confirmed their support for ETHW mining, several new pools are conducting mining experiments using data from our testnet, according to a tweet published today.
In addition, the report said that the ETHW community teamed with backup mining pool EthwMine.
Several prominent exchanges, including Coinbase and Binance, have not ruled out the possibility of listing ETHW.
