2nd-Largest Mining Pool Terminates ETH Mining, Favors Ethereum Classic (ETC)

Ethereum’s 2nd-largest mining pool F2Pool on Wednesday stated it is going to terminate ETH mining between September 10-20 as Ethereum switches to proof-of-stake (PoS) after the Merge. All ETH rewards through the interval shall be paid after the Merge. Furthermore, F2Pool invitations miners to make use of its pool to mine ETC, RVN, CFX, and different cash after the Merge. Miners can get pleasure from zero fee charges on Ethereum Basic (ETC) mining till September 30.

F2Pool Switches To ETC Mining After the Merge

F2Pool is the 2nd largest ETH mining pool and the highest ETC mining pool. After the Merge, the mining pool will absolutely help ETC mining as Ethereum will change from PoW to PoS, F2Pool announced on September 7.

The Merge is estimated to occur between September 10-20, as per Ethereum Basis. F2Pool will proceed to run usually till the termination of ETH mining with the Merge. Based on Ethereum co-founder Vitalik Buterin, the Merge is almost definitely to occur between September 13-15.

“Only one step in direction of the Merge, Our ETH pool shall be out there as typical till TTD triggers the tip of mining. Don’t neglect to double-check your pockets to obtain the ultimate payout of ETH mined!”

Furthermore, F2Pool decides to pay the ETH stability to miners after the Merge to forestall any points with the method. Miners want to substantiate if they’ve added a legitimate pockets deal with to their account. Additionally, miners could set completely different addresses for various mining accounts.

F2Pool invitations miners to mine ETC, RVN, CFX, and different cash after the Merge. The mining pool can be providing “Zero” fee charges for ETC mining till September 30.

The help for Ethereum Basic (ETC) continues to develop as miners change to ETC mining, and never any Ethereum onerous fork. In consequence, the ETC worth and hash price proceed to leap larger. High mining swimming pools together with Ethermine, BTC.com, Antpool, and others resolve to help Ethereum Basic (ETC) after the Merge.

Ethereum Basic Value Can Hit $50

The group and miners’ help for Ethereum Basic (ETC) has constructed robust momentum within the ETC worth. Additionally, prime miners have turned down help for any Ethereum onerous fork.

ETC worth has rallied over 200% within the final 2 months, shifting from $14 to a excessive of $45.51. Presently, the value is buying and selling at $34.31, down almost 15% within the final 24 hours as a result of a market-wide sell-off. Nevertheless, Ethereum Basic continues to be displaying energy and the value can hit $50 after the Merge. In reality, the Ethereum worth will plummet after the Merge as a result of its deflationary mechanism.

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