According to Watcher Guru, we are only 12,554 away from the Ethereum Merge, which is expected to happen at 1:09 on September 15 (CST). By then, Ethereum will have transitioned to PoS, a major blow to PoW miners in the network. The Merge will force PoW miners that operate the $19 billion mining business to find alternatives.<\/p>\n\n
Source: https:\/\/watcher.guru\/ethmerge<\/a><\/p>\n Recent data shows that Ethereum miners are fleeing from the network. Right now, the average computing power of the whole Ethereum network stands at 854 TH\/s. Trending downwards during the past week, the figure has dropped by about 19% from the peak in May. Ethereum\u2019s massive PoW hashrate is of great significance to the entire crypto mining industry, and the ETH hashrate will shift to other PoW coins once Ethereum shifts to PoS, which may reshape the whole mining sector.<\/p>\n Facing the impending transformation of the mining sector, Ethereum miners might exclude themselves from the shift to PoS by the Ethereum community to protect their own interests. From this perspective, PoW miners on Ethereum might root for a hard fork to preserve the existing PoW chain and generate a new coin. However, such a fork coin can be problematic in terms of risks and security. If Ethereum is forked, projects within today\u2019s largest crypto ecosystem will have to make a choice. Meanwhile, multiple mainstream projects, covering the two stablecoin issuers Tether (USDT) and Circle (USDC), the oracle ChainLink, and the on-chain lending protocol Aave, have stated their support for the PoS chain. Without support from popular projects, the PoW chain will be worthless.<\/p>\n Of course, some miners might choose to accept the reality and switch to ETC. The DAO hack split the Ethereum community into the ETH camp and the ETC camp. The two now differ in terms of algorithm, and ETH mining machines might need to go through firmware updates to become compatible with ETCHASH, the ETC mining algorithm. Despite that, there is no technical barrier between ETH and ETC, and it is cheap to switch from one to the other. As such, it is foreseeable that the ETC hashrate will soar after the Merge.<\/p>\n\n In response to the current boom of ETC mining, many pools, including ViaBTC, have been offering mining benefits. Back in early September, ViaBTC Pool announced that it will terminate the pool\u2019s PoW mining service and the revenue calculation of ETH when the TTD reaches a set threshold. The pool said that asset management functions such as ETH deposits & withdrawals and conversion, as well as ETH financial services that include hedging and loan, will remain available. It also recommended the ETC pool to miners who plan to continue with their PoW mining operations.<\/p>\n To help miners switch to ETC mining, ViaBTC has partnered up with Bitdeer, a top mining service provider, and offered a major benefit: a free trial of the MiningOS firmware. All ViaBTC users can benefit from the six-month free trial of MiningOS, which will help miners minimize costs and maximize returns.<\/p>\n Featuring simplicity, enhanced security, and high yields, MiningOS is an innovative firmware for GPU mining developed by the Bitdeer Group. The product is simple in that it allows miners to deploy their mining operation with one flash drive for downloading the image file, without having to go through the complicated code burning process. Backed by a top mining brand, MiningOS supports SSL connection and emphasizes security and privacy protection. Having been tested on a large number of GPU mining machines, MiningOS ranked second in terms of average revenue, and the figure is more than 2% higher than that of the second-place winner. Over time, the seemingly small difference will be translated into a substantial increase in revenue.<\/p>\n \u00a0<\/p>\n\n Join the event at https:\/\/minerplus.bitdeer.com\/miningos<\/a><\/p>\n Try out MiningOs for free:<\/p>\n Click on the link or scan the QR code in the above picture to open the event page; CPUs covered<\/p>\n GTX 3070, GTX 3080, and GTX 1660s<\/p>\n Target crypto<\/p>\n ETC<\/p>\n How to install MiningOS:<\/p>\n You can click on the link below for the specific installation instructions or get help from customer service on the Bitdeer website:<\/p>\n https:\/\/bdminerplus.zendesk.com\/hc\/en-us\/articles\/9876983152921-MiningOS-Installation-Tutorial<\/a><\/p>\n About Bitdeer<\/p>\n Bitdeer Group is the world\u2019s leading provider of digital asset mining services. It was founded by Jihan Wu, a renowned pioneer in the cryptocurrency industry, along with Sequoia Capital, IDG and other well-known blockchain investment institutions. The group consists of two service platforms, \u201cBITDEER\u201d and \u201cMinerPlus\u201d, which provide a full range of mining services that include hashrate sharing and smart mining solutions.<\/p>\n About ViaBTC<\/p>\n ViaBTC, founded in May 2016, has provided professional, efficient, safe and stable cryptocurrency mining services for over one million users in 130+ countries\/regions around the world, with a cumulative mining output value of tens of billions of dollars. As a world-leading, all-inclusive mining pool, it provides mining services for more than ten mainstream cryptocurrencies including BTC, LTC, ETC, etc. Backed by the one-stop, all-inclusive services spanning the mining pool, the exchange, and the wallet, ViaBTC is committed to offering global users more abundant supporting tools, stabler and more efficient mining services, and better product experiences.<\/p>\n \u00a0<\/p>\n \u00a0Image by Nana Dua<\/a> from Pixabay<\/a><\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n According to Watcher Guru, we are only 12,554 away from the Ethereum Merge, which is expected to happen at 1:09 on September 15 (CST). By then, Ethereum will have transitioned to PoS, a major blow to PoW miners in the network. The Merge will force PoW miners that operate the $19 billion mining business to find alternatives.<\/p>\n Source: https:\/\/watcher.guru\/ethmerge<\/a><\/p>\n Recent data shows that Ethereum miners are fleeing from the network. Right now, the average computing power of the whole Ethereum network stands at 854 TH\/s. Trending downwards during the past week, the figure has dropped by about 19% from the peak in May. Ethereum\u2019s massive PoW hashrate is of great significance to the entire crypto mining industry, and the ETH hashrate will shift to other PoW coins once Ethereum shifts to PoS, which may reshape the whole mining sector.<\/p>\n Facing the impending transformation of the mining sector, Ethereum miners might exclude themselves from the shift to PoS by the Ethereum community to protect their own interests. From this perspective, PoW miners on Ethereum might root for a hard fork to preserve the existing PoW chain and generate a new coin. However, such a fork coin can be problematic in terms of risks and security. If Ethereum is forked, projects within today\u2019s largest crypto ecosystem will have to make a choice. Meanwhile, multiple mainstream projects, covering the two stablecoin issuers Tether (USDT) and Circle (USDC), the oracle ChainLink, and the on-chain lending protocol Aave, have stated their support for the PoS chain. Without support from popular projects, the PoW chain will be worthless.<\/p>\n Of course, some miners might choose to accept the reality and switch to ETC. The DAO hack split the Ethereum community into the ETH camp and the ETC camp. The two now differ in terms of algorithm, and ETH mining machines might need to go through firmware updates to become compatible with ETCHASH, the ETC mining algorithm. Despite that, there is no technical barrier between ETH and ETC, and it is cheap to switch from one to the other. As such, it is foreseeable that the ETC hashrate will soar after the Merge.<\/p>\n In response to the current boom of ETC mining, many pools, including ViaBTC, have been offering mining benefits. Back in early September, ViaBTC Pool announced that it will terminate the pool\u2019s PoW mining service and the revenue calculation of ETH when the TTD reaches a set threshold. The pool said that asset management functions such as ETH deposits & withdrawals and conversion, as well as ETH financial services that include hedging and loan, will remain available. It also recommended the ETC pool to miners who plan to continue with their PoW mining operations.<\/p>\n To help miners switch to ETC mining, ViaBTC has partnered up with Bitdeer, a top mining service provider, and offered a major benefit: a free trial of the MiningOS firmware. All ViaBTC users can benefit from the six-month free trial of MiningOS, which will help miners minimize costs and maximize returns.<\/p>\n Featuring simplicity, enhanced security, and high yields, MiningOS is an innovative firmware for GPU mining developed by the Bitdeer Group. The product is simple in that it allows miners to deploy their mining operation with one flash drive for downloading the image file, without having to go through the complicated code burning process. Backed by a top mining brand, MiningOS supports SSL connection and emphasizes security and privacy protection. Having been tested on a large number of GPU mining machines, MiningOS ranked second in terms of average revenue, and the figure is more than 2% higher than that of the second-place winner. Over time, the seemingly small difference will be translated into a substantial increase in revenue.<\/p>\n \u00a0<\/p>\n Join the event at https:\/\/minerplus.bitdeer.com\/miningos<\/a><\/p>\n Try out MiningOs for free:<\/p>\n Click on the link or scan the QR code in the above picture to open the event page; CPUs covered<\/p>\n GTX 3070, GTX 3080, and GTX 1660s<\/p>\n Target crypto<\/p>\n ETC<\/p>\n How to install MiningOS:<\/p>\n You can click on the link below for the specific installation instructions or get help from customer service on the Bitdeer website:<\/p>\n https:\/\/bdminerplus.zendesk.com\/hc\/en-us\/articles\/9876983152921-MiningOS-Installation-Tutorial<\/a><\/p>\n About Bitdeer<\/p>\n Bitdeer Group is the world\u2019s leading provider of digital asset mining services. It was founded by Jihan Wu, a renowned pioneer in the cryptocurrency industry, along with Sequoia Capital, IDG and other well-known blockchain investment institutions. The group consists of two service platforms, \u201cBITDEER\u201d and \u201cMinerPlus\u201d, which provide a full range of mining services that include hashrate sharing and smart mining solutions.<\/p>\n About ViaBTC<\/p>\n ViaBTC, founded in May 2016, has provided professional, efficient, safe and stable cryptocurrency mining services for over one million users in 130+ countries\/regions around the world, with a cumulative mining output value of tens of billions of dollars. As a world-leading, all-inclusive mining pool, it provides mining services for more than ten mainstream cryptocurrencies including BTC, LTC, ETC, etc. Backed by the one-stop, all-inclusive services spanning the mining pool, the exchange, and the wallet, ViaBTC is committed to offering global users more abundant supporting tools, stabler and more efficient mining services, and better product experiences.<\/p>\n \u00a0<\/p>\n \u00a0Image by Nana Dua<\/a> from Pixabay<\/a><\/p>\n <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-7645","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/7645","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=7645"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/7645\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=7645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=7645"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=7645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nRegister and log in to your Bitdeer account;
\nInstall and deploy the MiningOS firmware;
\nContact customer service and apply for ViaBTC-exclusive benefits;
\nSelect ViaBTC Pool in the mining configuration;
\nEnjoy the superior mining experience brought by MiningOS-enabled smart mining and hashrate boost.<\/p>\n
\nRegister and log in to your Bitdeer account;
\nInstall and deploy the MiningOS firmware;
\nContact customer service and apply for ViaBTC-exclusive benefits;
\nSelect ViaBTC Pool in the mining configuration;
\nEnjoy the superior mining experience brought by MiningOS-enabled smart mining and hashrate boost.<\/p>\n