Ethermine, the largest cryptocurrency Ethereum (ETH) mining pool, will not support the EthereumPoW (ETHW) hardfork, which will take place simultaneously with the launch of the Merge update.
The Ethermine Ethereum mining pool will switch to a single digital asset withdrawal mode immediately after the PoW consensus algorithm is disabled.
A countdown timer will appear on the miners dashboard. You will be able to continue mining ETH until the timer reaches zero,” the Ethermine publication stated.
After the Merge release, all Ethermine servers will cease to function, so platform users will lose the ability to connect their equipment to the Ethereum mining pool. The company suggests that miners migrate to the Ethereum Classic (ETC), Ravencoin (RVN), Ergo (ERGO) and Beam (BEAM) pools and, as an incentive, will not withhold commissions for mining these coins during September.
The developers of the EthereumPoW hardfork recommend that members of the cryptocommunity withdraw ETH from the mining pools before the Merge is released, because they plan to temporarily freeze several smart contracts. By doing so, they want to ensure the safety of ETHW coins and prevent chaos on the network.