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Miners Praised for Guarding Ethereum (ETH)
Also, the F2pool miners were praised for guarding Ethereum’s Blockchain for over 7 years. The pool mentioned that its miner base has increased from a few people to a public organization. It should be remembered that switching to Proof-of-Stake will expel ETH miners from the network. Also, many mining Ponds have been divided concerning their choices following the upgrade.
While Ethereum is getting set to change to Prof – of – Stake, a fraction of the crypto industry is monitoring miners as well as their next course of action. Meanwhile, miners are contemplating switching to a Proof-of-Work blockchain to continue their activities. Also, the F2pool – the number two biggest ETH mining pool, disclosed that their decision concerning either to aid or not to aid the integration upgrade will be based on the miner’s network.
An alternative for miners is for them to switch to the ETH Classic. This is because this crypto has inherited the initial Ethereum Blockchain and still makes use of the Proof-of-Stake system. Ethereum Classic will still allow miners to move into its network since they will on do a few more upgrades before they commence mining operations.
Vitalik Buterin has praised the Ethereum Classic as the new place for moving miners. Also, he debated that a new fork will not significantly affect Ethereum after the integration.
As a result, the likely switch to ETH Classic initiated a price upsurge for this crypto, as the all-time Ethereum Upgrade has resulted in upsurges in the Ethereum Classic market.
Ethereum Classic Is Being Invested Into by Mining Pools
Following the said integration the current ETH hash rate may move to the ETH Classic. This has caught the attention of other mining pools. And this has caused Antpool to invest $10,000,000 into growing ETH Classic.
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