Ethermine (Bitfly), the largest mining pool with 31% of Ethereum’s computing power, tweeted yesterday (30) that it officially launched the Ethereum staking service “Ethermine Staking”, users do not need to own 32ETH, and the minimum only needs 0.1ETH (current price is about 160 US dollars)) can participate in the pledge and earn 4.43% interest per year.
According to the official website statistics, now of writing, users have invested 393Ether (about 620,000 US dollars at current price) in the service; however, it is worth noting that this pledge service does not seem to be applicable in the United States at present, and the research may be related to the purpose of avoiding Tornado’s attack. After the U.S. Treasury Department sanctioned, it is related to the relevant norms that may be triggered in the future.
Ethermine will no longer support PoW mining after the merger
The transition to providing staking services can be said to be an important turning point for Ethermine. Because the mining pool issued an announcement later this month, announcing that it will be scheduled to merge with Ethereum, and the Ethereum PoW mining pool business will end after September 15th. At that time, miners will no longer be able to use GPU and ASIC machines to mine Ethereum, and miners are recommended. You can invest in other PoW mining pools of ethermine, such as: ETC, RVN… etc., which is equivalent to supporting Ethereum’s decision to switch to PoS.
Unlike other mining pools such as F2pool, which are preparing to launch a PoW fork pool, ethermine’s decision to fully support PoS and not support PPoW fork is also destined to face a huge escape of Ethereum’s current largest PoW computing power, making PoW fork. The battle for computing power between the chain and the ETC supported by Buterin will become more complicated.
Ethereum Merger Schedule Will Be in Two Phases On 9/6
The Ethereum Foundation finalized the schedule for the Ethereum merger (Merge) on August 24, and it is determined that it will be carried out in two phases starting on September 6:
Bellatrix: Executed on September 6, 2022, at 11:34:47 AM UTC.
Paris: Triggered after TTD reaches the target value (58750000000000000000000), it is expected to be executed between September 10th and 20th, 2022. The exact date is determined by the fluctuation of hash rate.
Post time: Sep-14-2022