The largest mining pool in the Ethereum network, Ethermine, has launched a staking service for the second-largest cryptocurrency by market capitalization.
We are proud to announce Ethermine Staking! ?
Ethermine Staking is an investment based on ETH_STORE, an objective and transparent reference rate based on Ethereum Proof-of-Stake.
Invest as little as 0.1 ETH https://t.co/myG3pOob7P
— Ethermine.eth (@ethermine_org) August 30, 2022
The minimum investment amount is 0.1 ETH. Rewards are issued in cryptocurrency at the ETH.STORE reference rate, based on Ethereum Proof-of-Stake.
The Bitfly pool operator, registered in Austria, implemented the solution in partnership with law firm Stadler Völkel and auditor Moore Interaudit Salzburg.
“These investments will enable us to offer a transparent alternative to existing staking services after the Ethereum PoW mining phase ends,” the statement said.
The platform invited users to mine other cryptocurrencies such as Ethereum Classic (ETC).
The AntPool mining pool announced the discontinuation of Ethereum support from September 3 due to the blockchain’s migration to the PoS algorithm. The service will continue to provide services to Ethash-token miners, including ETC.
Earlier JPMorgan noted that ETC would become the main beneficiary of the influx of Ethereum miners after The Merge.
ForkLog has analysed the prospects for migrating the freed hash rate of the original Ether to Ethereum Classic and how this could affect the ETC price.
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