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Binance Starts Ethereum Proof-of-Work Mining Pool, Initially With No Fee
ETHW initially stumbled, but mining support from Binance customers could in theory help.
Por Nick Baker
Cryptocurrency exchange Binance said customers can now join a mining pool for ETHW, the forked version of Ethereum that retains the blockchain's original proof-of-work (PoW) underpinnings.
Participants in the ETHW Pool will not be charged a fee during a promotional period that ends Oct. 29, according to a statement Thursday.
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#Binance launches the Ethereum Proof-of-Work $ETHW Mining Pool!
— Binance (@binance) September 29, 2022
Mine $ETHW with #Binance Pool and enjoy zero fees on all your earnings 🤝
Read more ➡️ https://t.co/gwe0eKb1Pt pic.twitter.com/J6jFOpljzG
Two weeks ago, the Ethereum Merge successfully shifted the blockchain to a proof-of-stake system, eliminating the need for crypto miners on the network. A new, forked version of Ethereum still powered by PoW was created, though it got off to a rocky start. Support from customers of Binance, a giant in crypto trading, could in theory help sustain the forked version.
Read more: Ethereum Proof-of-Work Fork Stumbles as Justin Sun's Poloniex Supports Rival Fork
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