Antpool Reveals Plans to Drop Ethereum Ethash Support, Plans to Keep Mining ETC
Antpool, the bitcoin mining pool affiliated with Bitmain, has announced the crypto mining operation will not manage ethereum accounts after The Merge is implemented. The mining pool is asking participating Antpool miners to add their ethereum withdrawal addresses by September 3, in order to receive the accumulated ether collected by Antpool.
Antpool to Stop Supporting Ethereum Following The Merge
On Saturday, August 27, the cryptocurrency mining pool Antpool told customers that it will no longer maintain assets after The Merge. Customers have until September 3 to give an address in order to collect the remaining ether mined by Antpool’s ethereum mining operation. Statistics show there is just over 1,000 terahash per second (TH/s) of hashpower dedicated to the blockchain and Antpool is the tenth largest mining pool in terms of hashrate.
The largestmining pool in terms of hashrate is Ethermine, a pool that commands 263 terahash of hashpower compared to Antpool’s 17.9 terahash. Ethermine also it would stop supporting assets and would not mine a . Antpool declared that The Merge comes with some censorship risk, and the pool will distribute the remaining Antpool mined next month.
“As2.0 (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 assets on the PoS chain,” the mining pool operation detailed on Saturday. Antpool also mentioned that the pool advocates decentralized proof-of-work created by Satoshi Nakamoto and it “fully supports , and other PoWs tokens.”
Antpool will continue providing Ethash mining pool services for users who plan to keep mining Ethash tokens like [Ethereum Classic], and will make every effort to ensure hash power stability and asset security.
The news follows Antpool’s announcement on July 26, when the mining pool’s chief executive officer Lv Lei explained at Bitmain’s mining summit that the firm invested $10 million to bolster Ethereum Classic (all-time high on August 26, 2022, at block height 15,817,701, when it reached 39.58 terahash per second (TH/s).). ’s hashrate once again tapped another
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