Antpool, a bitcoin mining pool that is affiliated to Bitmain has stated it will no longer manage ethereum accounts. Antpool is asking its participants to update their Antpool ethereum withdrawal addresses before September 3rd in order to get the accumulated Ethereum.
Antpool Will Stop Supporting Ethereum After The Merge
Antpool announced to customers, Saturday 27 August that the crypto mining pool will cease holding ETH assets. Customers have until September 3 to give an ETH address in order to collect the remaining ether mined by Antpool’s ethereum mining operation. Antpool, the tenth largest ETH pool according to hashrate, has a little over 1,000 terahash/second (TH/s).
The largest ETH mining pool in terms of hashrate is Ethermine, a pool that commands 263 terahash of hashpower compared to Antpool’s 17.9 terahash. Ethermine announced that it will no longer support ETH assets, and won’t mine a PoW version. Antpool stated that The Merge is subject to some censorship risks and will be distributing the remaining ETH Antpool has mined.
“As ETH 2.0 (The Merge) comes along with the risk of censorship among different countries, Antpool, for the sake of clients’ asset security, will not be able to maintain the user’s ETH assets on the PoS chain,” the mining pool operation detailed on Saturday. Antpool also mentioned that the pool advocates decentralized proof-of-work created by Satoshi Nakamoto and it “fully supports BTC, ETC and other PoWs tokens.”
Antpool was added to:
Antpool will provide Ethash mining pool service for those who want to continue mining Ethash tokens. [Ethereum Classic]The spokesman will ensure that assets are protected and haveh power stability.
The news follows Antpool’s announcement on July 26, when the mining pool’s chief executive officer Lv Lei explained at Bitmain’s mining summit that the firm invested $10 million to bolster Ethereum Classic (ETC). ETC’s hashrate once again tapped another all-time high on August 26, 2022, at block height 15,817,701, when it reached 39.58 terahash per second (TH/s).
What do you think about Antpool’s announcement concerning maintaining ETH assets after The Merge? Please comment below to let us know your thoughts on this topic.
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