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

by James · August 28, 2022

Antpool Reveals Plans To Drop Ethereum Ethash Support, Plans To Continue Mining ETC

Antpool, the bitcoin mining pool affiliated with Bitmain, has announced that the cryptominer will not manage ethereum accounts after The Merge is implemented. The mining pool asks participating Antpool miners to add their ethereum withdrawal addresses by September 3, to receive the accumulated ether collected by Antpool.

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Antpool will stop supporting Ethereum after the merger

On Saturday, August 27, cryptocurrency mining pool Antpool told customers that it will no longer maintain ETH assets after The Merge. Customers have until September 3rd to provide an ETH address to collect remaining ether mined by Antpool’s ethereum mining operation. Statistics show that there is just over 1000 Terahash per second (TH/s) of hashpower dedicated to the ETH blockchain, and Antpool is the tenth largest ETH mining pool in terms of hash rate.

The largest ETH mining pool in terms of hash rate is Ethermine, a pool that has 263 terahash of hash power compared to Antpool’s 17.9 terahash. Ethermine also announced that it would stop supporting ETH assets and would not mine a new PoW version of ETH. Antpool declared that The Merge comes with some censorship risk and the pool will distribute the remaining ETH Antpool mined next month.

“As ETH 2.0 (The Merge) comes along with the risk of censorship between different countries, Antpool, for the sake of customer asset security, will not be able to maintain the user’s ETH resources in 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 BTC, ETC and other PoWs tokens.”

Antpool added:

Antpool will continue to provide Ethash mining pool services for users who plan to continue mining Ethash tokens [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 CEO Lv Lei explained at Bitmain’s mining summit that the firm invested $10 million to strengthen Ethereum Classic (ETC). ETC’s hashrate once again reached a new record on August 26, 2022, at block height 15,817,701, when it reached 39.58 Terahash per second (TH/s).

Tags in this story

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

What do you think of Antpool’s announcement to maintain ETH holdings after the merger? Let us know what you think about this topic in the comments section below.

Jamie Redman

Jamie Redman is the news editor at Bitcoin.com News and a financial technology journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today.