Ethermine, the largest Ethereum mining services provider by computing power, will shut down its servers for miners after the blockchain completes its historic technical upgrade.
The news comes on the eve of Ethereum’s highly-anticipated software revamp, dubbed the ‘Merge,’ which will shift the most used blockchain from a proof of work consensus mechanism to proof of stake. This means that in less than 24 hours, it will no longer be possible to mine Ether on the Etherum network, as the powerful graphic cards used to validate transaction data will be replaced with investors that stake Ether. Going forward, these validators will effectively secure the Ethereum blockchain and validate data on the network.
“As a consequence of this transition, the Ethermine Ethereum mining pool will switch to withdraw-only mode once the Proof-of-Work mining phase has ended,” Ethermine tweeted on Wednesday. A countdown timer will appear on the miner dashboard and users will be able to mine Ether until it...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...