Antpool Reveals Plans to Drop Ethereum Ethash Support, Plans to Keep Mining ETC – Mining Bitcoin News

Antpool, the bitcoin mining pool affiliated with Bitmain, has introduced the crypto mining operation won’t handle ethereum accounts after The Merge is applied. The mining pool is asking taking part Antpool miners so as to add their ethereum withdrawal addresses by September 3, with a view to obtain the accrued ether collected by Antpool.

Antpool to Cease Supporting Ethereum Following The Merge

On Saturday, August 27, the cryptocurrency mining pool Antpool told customers that it’ll not preserve ETH belongings after The Merge. Prospects have till September 3 to present an ETH deal with with a view to acquire the remaining ether mined by Antpool’s ethereum mining operation. Statistics present there may be simply over 1,000 terahash per second (TH/s) of hashpower devoted to the ETH blockchain and Antpool is the tenth largest ETH mining pool when it comes to hashrate.

The biggest ETH mining pool when it comes to hashrate is Ethermine, a pool that instructions 263 terahash of hashpower in comparison with Antpool’s 17.9 terahash. Ethermine additionally introduced it will cease supporting ETH belongings and wouldn’t mine a brand new PoW model of ETH. Antpool declared that The Merge comes with some censorship danger, and the pool will distribute the remaining ETH Antpool mined subsequent month.

“As ETH 2.0 (The Merge) comes along with the risk of censorship among different countries, Antpool, for the sake of clients’ asset security, will not be able to maintain the user’s ETH assets on the PoS chain,” the mining pool operation detailed on Saturday. Antpool additionally talked about that the pool advocates decentralized proof-of-work created by Satoshi Nakamoto and it “fully supports BTC, ETC and other PoWs tokens.”

Antpool added:

Antpool will proceed offering Ethash mining pool companies for customers who plan to maintain mining Ethash tokens like [Ethereum Classic], and can make each effort to make sure hash energy stability and asset safety.

The information follows Antpool’s announcement on July 26, when the mining pool’s chief government officer Lv Lei defined at Bitmain’s mining summit that the agency invested $10 million to bolster Ethereum Basic (ETC). ETC’s hashrate as soon as once more tapped one other all-time high on August 26, 2022, at block top 15,817,701, when it reached 39.58 terahash per second (TH/s).

Tags on this story

Antpool, Antpool Mining, Antpool PoW Mining, Bitmain, Bitmain Affiliated, ETC, ETC Mining, ETH 2.0, ETH mining, ETH PoW, ETH Withdrawal Tackle, Ethash mining, Ethereum Basic, Ethermine, Lv Lei, mining, PoS, PoS transition, PoW, PoW Cash, Proof of Work, Proof-of-Stake, The Merge

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Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a monetary tech journalist dwelling in Florida. Redman has been an energetic member of the cryptocurrency group since 2011. He has a ardour for Bitcoin, open-source code, and decentralized purposes. Since September 2015, Redman has written greater than 5,700 articles for Bitcoin.com News concerning the disruptive protocols rising immediately.

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