Bitfly, the parent company of the Ethermine mining pool, announced today that Ethereum's proof-of-work (PoW) mining phase will officially end on September 15. After this date, mining ETH on the Ethereum network using GPU or ASIC hardware will no longer be possible.
Key Changes to Ethermine’s Operations
Pool Transition to Withdrawal-Only Mode
- Once PoW mining concludes, Ethermine’s Ethereum mining pool will switch to withdrawal-only mode.
- A countdown timer will be displayed on the miner dashboard for precise tracking.
- Users can continue mining until the timer reaches zero, after which all Ethermine servers will be shut down.
No Support for PoW Fork Coins
- Bitfly has decided not to provide dedicated mining pools for any planned PoW fork coins.
- This decision follows an internal evaluation of sustainability and user demand.
Zero-Fee Promotions for Alternative Mining Pools
- Throughout September, Bitfly will offer 0% fee promotions on its Ethereum Classic, Ravencoin, Ergo, and Beam mining pools.
- Miners can transition to these pools without incurring any fees.
Implications for Ethereum Miners
- End of an Era: The shutdown marks the full transition of Ethereum to proof-of-stake (PoS) post-Merge.
- Alternative Options: Miners are encouraged to explore other GPU-mineable coins supported by Ethermine’s existing infrastructure.
👉 Explore GPU mining alternatives
FAQs
Q: Can I still mine ETH after September 15?
A: No. Ethereum’s PoW phase ends permanently on this date.
Q: Will Ethermine support Ethereum Classic (ETC) long-term?
A: Yes, with zero fees in September and ongoing pool availability.
Q: Why is Bitfly not supporting PoW forks?
A: Due to uncertain demand and operational sustainability risks.
Q: How do I withdraw my remaining ETH from Ethermine?
A: The dashboard will guide withdrawals until servers close.
Conclusion
Ethermine’s closure reflects Ethereum’s broader shift toward energy-efficient validation. Miners must adapt by exploring other coins or staking options.