Breakthrough: Second-Largest Mining Pool Ends ETH Mining, Shifts to Ethereum Classic (ETC)

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F2Pool Transitions to ETC Mining Post-Merge

F2Pool, the second-largest Ethereum mining pool and a top ETC mining pool, announced on September 7th that it will terminate ETH mining between September 10–20. This decision aligns with Ethereum's transition to Proof-of-Stake (PoS) post-Merge. All ETH rewards during this period will be distributed after the Merge.

👉 Discover how major mining pools are adapting to the Merge

Key updates from F2Pool:

Why Ethereum Classic?

With major pools like Ethermine, BTC.com, and Antpool supporting ETC post-Merge, its network hash rate and price have surged. ETC’s price rallied 200% in two months (from $14 to $45.51), currently stabilizing at $34.31 amid market volatility. Analysts project a $50 target post-Merge due to:

  1. Miners’ Collective Shift: No support for ETH hard forks.
  2. Deflationary ETH: Post-Merge ETH price may drop, making ETC a preferred PoW alternative.

FAQs

Q: When will ETH mining officially end?

A: Between September 10–20, depending on the Merge’s finalization (likely September 13–15).

Q: What happens to unpaid ETH rewards?

A: F2Pool will distribute them post-Merge upon wallet verification.

Q: Why is ETC gaining traction?

A: As the largest PoW Ethereum alternative, ETC benefits from miner migrations and institutional pool support.

👉 Explore ETC mining strategies post-Merge


Note: This update reflects industry trends as of September 2022. Always verify real-time data before making investment decisions.


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