The group of miners that intended to fork the network to launch EthereumPoW (ETHW) confirms that, in less than 24 hours, the new cryptocurrency will be a reality.
Is about a new blockchain that maintains the Ethereum consensus algorithm as it was before the move to proof-of-stake. ETHW continues with proof of work, that is, with mining with GPU or ASIC.
The official Twitter account of EthereumPoW made it known confirmation and published a list of supported mining pools. Among them are F2pool, which hours ago claimed that mining could already be done on this network (although it later removed the coin from its list). There are also 17 other pools in the works, for example Poolin, 2miners, btc.com, nanopool and carzypool.
Poolin confirms that ETHW mining will be supported from the moment the source code for that network is released, what would happen in the next few hours. “We will support ETHW mining at that time,” they say.
Although not yet released, ETHW already listed on some exchanges that allow trading within the platform. Hours ago, after the news was known, it had a slight rebound in its price to USD 35, but shortly after it fell back to the previous level of USD 33.
As reported by CriptoNoticias, the leader of this action is the Chinese miner Chandler Guo. He had participated in the fork that produced the birth of Ethereum Classic. “ETHW’s mission is simply to remain Ethereum”, their promoters comment to explain the motivation behind this fork.
In addition to wanting to mine this new network, many miners have already been migrating to Ethereum Classic, Ravencoin and Firo, as CriptoNoticias has said and as shown by the hashrate graphs of their respective networks. It remains to be seen who will be the biggest miner gainers after Ethereum’s move to proof-of-stake.