Despite Ethereum’s historic move to a proof-of-stake (PoS) consensus mechanism, more and more mining pools are signing up to mine the upcoming proof-of-work (PoW) version of Ethereum.’ Ethereum.
EthereumPoW, the community that makes ETHPoW, or the PoW version of Ethereum, has released a list of mining pools that will continue to mine after the launch of the ETHW mainnet.
According to EthereumPoW, several major Ethereum mining pools will continue to mine despite Ethereum’s transition to the PoS consensus mechanism.
At the time of writing, the list of ETHW mining pools includes a total of 19 different mining pools, including F2Pool, Poolin, AntPool, Nanopool, 2miners, and EthwMine.
Interestingly, the list includes several Russian-related pools, including Moscow Pool and BaikalMine, as well as Ukrainian pools, such as UA Pool. EthereumPoW noted that the list is growing as new pools join after the mainnet launch.
The mentioned ETHW mining pools seem to show significant mining potential. According to data from ETH.BTC.com, F2Pool is the second largest mining pool of Ethereum by blocks after Ethermine, with a block share of 15.7% year to date.
Poolin is also a significant contributor, as several Poolin mining pools have a total block share of 8.7%. According to the data, 2miners, Nanopool, and AntPool are also significant mining pools, with an annual block share of 5%, 3%, and 1.5%, respectively.
Collectively, the ETHW mining pools appear to represent more mining capacity in terms of block share than Ethermine, the world’s largest Ethereum mining pool, which has mined more than 28% of all Ethereum blocks in the past year.
Unlike F2Pool and Poolin, Ethermine chose to end its Ethereum mining pool services due to Ethereum’s transition to PoS, officially announcing last Wednesday that it will be limited to withdrawals. Instead, the company launched a new Ethereum staking service in line with the Ethereum Foundation’s Ethereum PoS vision.
F2Pool did not immediately respond to Cointelegraph’s request for comment. This article will be updated based on new information.
As previously reported by Cointelegraph, the Ethereum PoS transition has become a big issue for Ethereum mining companies, as the Ethereum Merge was originally designed to end PoW mining.
Related: ETHW Core continues its fork of Ethereum PoW 24 hours after the Merger
The Merger is positioned as a major upgrade to Ethereum, aiming to make the cryptocurrency greener and more eco-friendly. According to Ethereum researcher Justin Drake, the Ethereum Merge will reduce global electricity consumption by 0.2%.
“The merger will reduce electricity consumption worldwide by 0.2%” – @drakejustin
— vitalik.eth (@VitalikButerin) September 15, 2022
“Merge will reduce global electricity consumption by 0.2%” — @drakefjustin — vitalik.eth (@VitalikButerin) September 15, 2022.
Due to the transition from Ethereum to PoS, Ethereum mining companies are actively looking for solutions to continue mining. For example, cryptocurrency miner Hive Blockchain is working to replace ether (ETH) mining with other coins.