ETHW mining pools have more mining power than Ethermine, which decided to cease mining operations in terms of block share.
Despite Ethereum’s historic transition to the Proof-of-Stake (PoS) consensus mechanism, mining pools are increasingly signing up to mine on the upcoming Ethereum Proof-of-Work (PoW) release.
ETHPoW, or EthereumPoW, the community behind the PoW version of Ethereum, has released a list of mining pools that will continue mining once the ETHW mainnet becomes available.
According to EthereumPoW, some major Ethereum mining pools will continue mining despite Ethereum’s transition to an environmentally friendly PoS consensus mechanism.
The ETHW mining pools list includes 19 different mining pools at the time of this writing, including F2Pool, Poolin, AntPool, Nanopool, 2miners, and EthwMine.
Interestingly, the list includes some Russian-connected pools like Pool Moscow and BaikalMine, as well as Ukrainian pools like UA Pool. EthereumPoW noted that after the mainnet launch, the list grows as more pools join.
The mentioned ETHW mining pools seem to make up a significant portion of mining power. According to data from ETH.BTC.com, F2Pool is the second largest Ethereum mining pool by block, after Ethermine, with a block share of 15.7% since the start of the year.
Poolin also makes a significant contribution, as multiple Poolin mining pools have a combined 8.7% share of blocks. According to the data, 2miners, Nanopool and AntPool are well-known mining pools with 5%, 3% and 1.5% annual block shares respectively.
Together, ETHW mining pools appear to have more mining power than Ethermine, the world’s largest Ethereum mining pool, in terms of block share, which mined over 28% of all Ethereum blocks last year.
Unlike F2Pool and Poolin, Ethermine has decided to stop providing Ethereum mining pool services due to Ethereum’s switch to PoS and officially announced a withdrawal-only mode on Wednesday. Instead, the company launched a new Ethereum staking service in line with the Ethereum Foundation Ethereum PoS vision.
F2Pool did not immediately respond to Cointelegraph’s request for comment. This article will be updated pending new information.
As Cointelegraph previously reported, Ethereum’s transition to PoS has become a major concern for Ethereum mining companies, as Ethereum Merge was originally designed to eliminate PoW mining.
Related: ETHW Core Continues Ethereum PoW Fork 24 Hours After Merger
The merger is positioned as a major upgrade for Ethereum, aimed at making the cryptocurrency greener and greener. According to Ethereum researcher Justin Drake, the Ethereum merger will reduce electricity consumption worldwide by 0.2%.
Due to Ethereum’s transition to PoS, firms associated with Ethereum mining are actively looking for solutions to continue mining. For example, Hive Blockchain crypto mining is working to replace Ethereum mining.
with other coins.