Binance launches mining pool for Ethereum PoW fork

The cryptocurrency exchange Binance has launched a mining pool focused on mining tokens from the Ethereum PoW fork (ETHW).

#Binance launches the Ethereum Proof-of-Work $ETHW Mining Pool!

Mine $ETHW with #Binance Pool and enjoy zero fees on all your earnings 🤝

Read more ➡️ https://t.co/gwe0eKb1Pt pic.twitter.com/J6jFOpljzG

— Binance (@binance) September 29, 2022

From September 29, 10:00 (UTC) to October 29, 10:00 (UTC), the platform set zero fees on mining.

According to the press release, support for the asset in the Binance pool does not guarantee its listing on the cryptocurrency exchange.

As of writing, the platform has enabled withdrawals in ETHW, deposits remain unavailable. Users can sell the asset for BUSD and USDT on Binance Convert.

According to CoinGecko, since trading began ETHW has fallen by 77%.

Earlier, on September 20, the platform distributed fork tokens among ETH and WETH holders.

A few hours after The Merge, the Ethereum PoW team announced the launch of the mainnet, but ran into problems. The network was briefly unavailable and the blockchain explorer did not work.

Read ForkLog’s Bitcoin news in our Telegram — news on cryptocurrencies, prices and analysis.