Ethereum (ETH)’s 2nd largest mining pool F2Pool made a statement on Wednesday. It announced that it will terminate ETH mining after the Merge process. Here are the details…
F2Pool quits Ethereum mining
F2Pool said it will end ETH mining between September 10-20 after the Ethereum Merge. All ETH rewards during the period will be paid out after the merge. Also, F2Pool invites miners to use its pool after Merge to mine ETC, RVN, CFX and other coins. Miners can take advantage of zero commission fees for mining Ethereum Classic (ETC) until September 30. F2Pool is the 2nd largest ETH mining pool and the best ETC mining pool. F2Pool announced on September 7 that after Merge, the mining pool will fully support ETC mining as Ethereum will switch from PoW to PoS.
According to the Ethereum Foundation, the Merge is predicted to take place between September 10-20. F2Pool will continue to operate normally until the ETH mining with Merge ends. According to ETH co-founder Vitalik Buterin, the merge will most likely take place between September 13-15. cryptocoin.comAs we have also reported, Buterin used the following statements:
Only 1 step towards Merge – our ETH pool will be available as usual until TTD triggers the end of mining. Don’t forget to double check your wallet to receive the final payment of mined ETH!
F2Pool will pay ETH balance after Merge
Also, F2Pool decides to pay the miners the balance of ETH after Merge to avoid any problem with the process. Miners need to confirm if they have added a valid wallet address to their account. Also, miners can set different addresses for different mining accounts. F2Pool will invite miners to mine ETC, RVN, CFX and other coins after Merge. The mining pool is also offering a “Zero” commission fee for ETC mining until September 30.
Support for Ethereum Classic (ETC) continues to increase as miners move to mining ETC instead of any ETH hard fork. As a result, the ETC price and hash rate continue to rise. Top mining pools including Ethermine, BTC.com, Antpool and others decide to support Ethereum Classic (ETC) after the merge.
ETC price has rallied over 200% in the last 2 months, rising from $14 to $45.51. Currently, the price is trading at $34.31, down about 15 percent in the last 24 hours due to market-wide selling. However, Ethereum Classic is still showing strength. According to some, the price could reach $50 after Merge.
