AntPool to suspend Ethereum support ahead of The Merge

From September 3, the Bitmain-affiliated mining pool AntPool will discontinue support for Ethereum amid the upcoming transition to the Proof-of-Stake (PoS) consensus algorithm.

ETH Maintenance Change Noticehttps://t.co/ClUePgHUz6 pic.twitter.com/97zq0BCc2x

— ANTPOOL (@AntPoolofficial) August 27, 2022

The service advised users to add their ETH wallet address to their account by that date to receive mined coins. The team explained that it would not be able to support assets on the PoS chain.

AntPool will continue to offer mining services for users who plan to mine Ethereum Classic (ETC) and other Ethash tokens.

“As one of the largest PoW mining pools, AntPool advocates for the decentralized Proof-of-Work consensus attributed to Satoshi Nakamoto and fully supports BTC, ETC and other tokens,” according to the statement.

In July the service announced an investment of $10 million in the Ethereum Classic ecosystem. At the beginning of the same month Bitmain began selling the Antminer E9 ASIC miner for mining ETH/ETC.

Subsequently, the largest Ethereum mining pool Ethermine stated that it would not support any of the potential PoW forks. The operator urged users to switch to mining ETC and other available cryptocurrencies from September 15.

Earlier, JPMorgan noted that ETC could become the main beneficiary of the influx of miners after Ethereum’s move to PoS.

ForkLog examined in the article the prospects for Ethereum Classic to gain the released hash rate from the original Ethereum and how this could affect ETC’s price.

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