Largest Ethereum mining pool opens up staking ahead of the Merge

2022-8-30 19:33

Ethermine, the largest Ethereum mining pool in the world, has announced the launch of a staking service on its platform.

In an announcement published earlier today, the company said that Ethermine Staking will enable users to earn interest on their ETH as if they were staking it, without having to put down the 32 ETH to become an official validator.

Ethermine said the new feature would bring a “highly transparent alternative” to staking services after the end of Ethereum’s Proof-of-Work (PoW) mining phase. The minimum investment amount for Ethermine Staking is 0.1 ETH, opening up staking for a huge number of Ethereum users.

The mining pool, operated by Austrian company Bitfly, called the feature an “investment” that will accrue rewards via the ETH.STORE reference rate. The Ether Staking Offered Rate, or ETH.STORE, is an Ethereum staking reward reference rate representing the average daily earnings of validators across the Ethereum staking network.

Users that deposit ETH into their Ethermine accounts will not be able to withdraw their funds until the Ethereum protocol allows the withdrawal of all staking rewards. Developers expect withdrawals to be enabled in 6 to 12 months following the Merge, with the longest waiting period estimated to last around 5 years.

Earlier this month, Etheremine announced plans to drop Ethereum PoW mining completely following the Merge, saying it will not support any PoW forks. After the network’s transition to PoW, Ethermine’s ETH mining pool will enter into a withdrawal-only mode.

There are currently over 223,000 active miners using the Ethermine Ethereum pool, generating a total hash rate of around 264 TH/s. Transitioning to staking will render the hardware used by all of those miners obsolete, which is why Ethermine called on them to join some of their other high-performing pools and continue PoW mining. Throughout September, the mining pool will offer a 0% fee promotion for its ETC, RVN, ERGO, and BEAM mining pools.

Ethermine made the news last week after it was revealed that the mining pool stopped processing blocks that include Tornado Cash transactions. The mining pool’s actions were most likely a result of OFAC sanctions and were widely criticized by the crypto community as creating censorship at the protocol level.

The post Largest Ethereum mining pool opens up staking ahead of the Merge appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 2891.3 (+0.65%)
Объем 24H $35.219b
Изменеия 24h: 6.31 %, 7d: 14.60 %
Cегодня L: $2869.23 - H: $2913.79
Капитализация $348.168b Rank 2
Цена в час новости $ 1490.99 (93.92%)

largest staking pool ethereum mining opens merge

Источник: cryptoslate.com

largest staking → Результатов: 57


Kucoin Earn Review – How Does Kucoin Earn Soft Staking Work?

What is Kucoin Earn? Kucoin is widely considered one of the largest crypto exchanges. It is very easy to use and most of its users agree KuCoin is pretty safe. One of the many features available on this platform is called KuCoin Earn and we are going to take a closer look at it in […] The post Kucoin Earn Review – How Does Kucoin Earn Soft Staking Work? appeared first on CaptainAltcoin.

2022-6-3 12:38


Kucoin Pool-X Review [2022] – How Does Pool-X Soft Staking Work?

What is Pool-X? Kucoin is widely considered as one of the largest cryptocurrency exchanges. It is very easy to use and most of its users agree KuCoin is pretty safe. One of the many features available on this platform is called Pool-X and we are going to take a closer look at it in this […] The post Kucoin Pool-X Review [2022] – How Does Pool-X Soft Staking Work? appeared first on CaptainAltcoin.

2021-10-20 12:49


Massive NFT and Token Giveaway from Polker as Staking is Announced!

Polker. Game has been bringing a constant stream of updates, development, and listings over the last few months – and they are not showing any sign of slowing down. Polker is one of the major sponsors of Polycon 2021, the largest Polygon event of the year – all this less than 10 days after Polygon announced the partnership and awarded a grant to Polker.

2021-9-17 20:00


Binance Launches Solana (SOL) Staking; Holders Earn Up to 43% APY Paid Daily

The largest crypto exchange in the world, Binance, has launched Solana staking. Users of the exchange now have an opportunity to earn up to 43. 79% per year for staking SOL tokens. The high-speed blockchain, Solana, which states it can handle about 65,000 transactions in one second, is designed to work under a proof-of-stake design model.

2021-2-27 23:00


Фото:

Digital Currency Group Барри Силберта вошла в индустрию майнинга биткоина

Американская майнинговая компания Foundry стала 100% "дочкой" Digital Currency Group (DCG), основателем и CEO которой является Барри Силберт. Unveiling our 4th subsidiary, Foundry, a bitcoin mining and crypto staking business We have committed to invest an additional $100 mm through 2021 to help build out the North American mining industry Oh, and we believe we may already be the largest BTC miner in North America.

2020-8-28 18:39


Binance Becomes Highest-Ranked Tron Super Rep, Opens TRX Blockchain Staking Option

With close to three-fifths of the voting rights as a Tron super representative, Binance exchange’s domineering influence over the blockchain is causing an uproar from the Tron community. Does Binance have too much influence on the 12th largest crypto? Tron Becomes Largest Tron SR with 60% Votes It’s 1st October which means Binance, largest crypto […]

2019-10-1 17:48


дальше еще 8 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Analyzing Ethereum’s inflationary and deflationary supply trends

Since Ethereum’s Merge on Sep. 15, 2022, the crypto industry has been abuzz with discussions about its supply dynamics. The Merge marked the network’s transition from a Proof-of-Work (PoW) consensus mechanism to a Proof-of-Stake (PoS), significantly altering its issuance rate.

Ethereum’s Shanghai Upgrade is Live

The long-awaited Shanghai upgrade is now live on Ethereum, meaning that validators can now withdraw their staked ETH from the network at their leisure. A Historic Moment for Ethereum Ethereum...