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Binance Officially Launches Ethereum Proof-of-Work Mining Pool

Binance has officially launched mining services for Ethereum PoW miners. It is running a one-month promotion in which miners can enjoy zero fees on all earnings. However, this does not guarantee the listing of ETHW.
Ethereum
Dot
September 29, 2022
Chiagoziem Bede Ikwueze

Chiagoziem has gathered a wealth of experience, having worked for many prominent crypto-based businesses, including Revain, Whiteboard Crypto, DeRev, The Crypto Cartel, Crypto News, MoneySwitch, Full Value Dan, and Bitcompare. Over the past couple of years, his works have been featured in many publications and places. When he is not writing, he spends time working on his other digital businesses, playing video games, reading books, watching movies, and most importantly, enjoying quality time with loved ones.

in
TABLE OF CONTENTS
Changpeng Zhao; Photo Source: BTC Echo

‍

Binance's Twitter announcement said, “Binance launches the Ethereum Proof-of-Work $ETHW Mining Pool! Mine $ETHW with Binance Pool and enjoy zero fees on all your earnings.”

‍

Binance has announced the official launch of its Ethereum Proof-of-Work (ETHW) mining service. 

The world's largest cryptocurrency exchange by trading volume made this announcement today on Twitter, stating it will waive all pool fees for ETHW mining for all of its ETHW Pool users.

According to the Binance official Twitter page,

“Binance launches the Ethereum Proof-of-Work $ETHW Mining Pool! Mine $ETHW with Binance Pool and enjoy zero fees on all your earnings.”

However, Binance announced on its website that the zero pool fee offer is only valid until October 29th. The offer only lasts for the one-month promotion period.

Furthermore, Binance clarified that the recent announcement did not indicate the listing of ETHW. According to the announcement,

“In order to protect Binance users, ETHW will go through the same strict listing review process as Binance does for any other coin/token. Supporting ETHW on Binance Pool does not guarantee the listing of ETHW. Binance does not guarantee any listings as per our internal policy.”

It also stated that Binance only allows for ETHW withdrawals. Deposits for ETHW are not available. Users can sell ETHW on Binance Convert against BUSD and USDT.

Note that while Ethereum successfully completed the Merge, it caused a significant divide in the industry. Following the switch from Proof-of-Work (PoW) to Proof-of-Stake (PoS), the entire network changed significantly, negating the demand for miners.

This was not favorable as many desired to keep PoW mining going. The desire birthed the Ethereum Proof-of-Work (PoW) chain.

Having established that, several platforms that had previously dismissed this chain decided to extend their support. Binance increased the visibility of ETHW by launching the Ethereum Proof-of-Work (ETHW) Mining Pool.

Furthermore, the last few days have been quite favorable to ETHW. While the market as a whole was in a slump, ETHW appeared to be picking up steam.

Binance
Ethereum PoW
Ethereum Merge
Ethereum Mining
Proof-of-Work (PoW)
Proof-of-Stake (POS)
Changpeng Zhao
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NewsBestReviews
Ethereum
September 29, 2022

Binance Officially Launches Ethereum Proof-of-Work Mining Pool

HomeEthereum
Blog Post
Contents
Changpeng Zhao; Photo Source: BTC Echo

‍

Binance's Twitter announcement said, “Binance launches the Ethereum Proof-of-Work $ETHW Mining Pool! Mine $ETHW with Binance Pool and enjoy zero fees on all your earnings.”

‍

Binance has announced the official launch of its Ethereum Proof-of-Work (ETHW) mining service. 

The world's largest cryptocurrency exchange by trading volume made this announcement today on Twitter, stating it will waive all pool fees for ETHW mining for all of its ETHW Pool users.

According to the Binance official Twitter page,

“Binance launches the Ethereum Proof-of-Work $ETHW Mining Pool! Mine $ETHW with Binance Pool and enjoy zero fees on all your earnings.”

However, Binance announced on its website that the zero pool fee offer is only valid until October 29th. The offer only lasts for the one-month promotion period.

Furthermore, Binance clarified that the recent announcement did not indicate the listing of ETHW. According to the announcement,

“In order to protect Binance users, ETHW will go through the same strict listing review process as Binance does for any other coin/token. Supporting ETHW on Binance Pool does not guarantee the listing of ETHW. Binance does not guarantee any listings as per our internal policy.”

It also stated that Binance only allows for ETHW withdrawals. Deposits for ETHW are not available. Users can sell ETHW on Binance Convert against BUSD and USDT.

Note that while Ethereum successfully completed the Merge, it caused a significant divide in the industry. Following the switch from Proof-of-Work (PoW) to Proof-of-Stake (PoS), the entire network changed significantly, negating the demand for miners.

This was not favorable as many desired to keep PoW mining going. The desire birthed the Ethereum Proof-of-Work (PoW) chain.

Having established that, several platforms that had previously dismissed this chain decided to extend their support. Binance increased the visibility of ETHW by launching the Ethereum Proof-of-Work (ETHW) Mining Pool.

Furthermore, the last few days have been quite favorable to ETHW. While the market as a whole was in a slump, ETHW appeared to be picking up steam.

Binance
Ethereum PoW
Ethereum Merge
Ethereum Mining
Proof-of-Work (PoW)
Proof-of-Stake (POS)
Changpeng Zhao
Chiagoziem Bede Ikwueze

Chiagoziem has gathered a wealth of experience, having worked for many prominent crypto-based businesses, including Revain, Whiteboard Crypto, DeRev, The Crypto Cartel, Crypto News, MoneySwitch, Full Value Dan, and Bitcompare. Over the past couple of years, his works have been featured in many publications and places. When he is not writing, he spends time working on his other digital businesses, playing video games, reading books, watching movies, and most importantly, enjoying quality time with loved ones.

in

‍

Binance's Twitter announcement said, “Binance launches the Ethereum Proof-of-Work $ETHW Mining Pool! Mine $ETHW with Binance Pool and enjoy zero fees on all your earnings.”

‍

Binance has announced the official launch of its Ethereum Proof-of-Work (ETHW) mining service. 

The world's largest cryptocurrency exchange by trading volume made this announcement today on Twitter, stating it will waive all pool fees for ETHW mining for all of its ETHW Pool users.

According to the Binance official Twitter page,

“Binance launches the Ethereum Proof-of-Work $ETHW Mining Pool! Mine $ETHW with Binance Pool and enjoy zero fees on all your earnings.”

However, Binance announced on its website that the zero pool fee offer is only valid until October 29th. The offer only lasts for the one-month promotion period.

Furthermore, Binance clarified that the recent announcement did not indicate the listing of ETHW. According to the announcement,

“In order to protect Binance users, ETHW will go through the same strict listing review process as Binance does for any other coin/token. Supporting ETHW on Binance Pool does not guarantee the listing of ETHW. Binance does not guarantee any listings as per our internal policy.”

It also stated that Binance only allows for ETHW withdrawals. Deposits for ETHW are not available. Users can sell ETHW on Binance Convert against BUSD and USDT.

Note that while Ethereum successfully completed the Merge, it caused a significant divide in the industry. Following the switch from Proof-of-Work (PoW) to Proof-of-Stake (PoS), the entire network changed significantly, negating the demand for miners.

This was not favorable as many desired to keep PoW mining going. The desire birthed the Ethereum Proof-of-Work (PoW) chain.

Having established that, several platforms that had previously dismissed this chain decided to extend their support. Binance increased the visibility of ETHW by launching the Ethereum Proof-of-Work (ETHW) Mining Pool.

Furthermore, the last few days have been quite favorable to ETHW. While the market as a whole was in a slump, ETHW appeared to be picking up steam.

Written by
Chiagoziem Bede Ikwueze
Binance
Ethereum PoW
Ethereum Merge
Ethereum Mining
Proof-of-Work (PoW)
Proof-of-Stake (POS)
Changpeng Zhao

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Bitcompare.net is a trading name of Tokentalk Ltd. Registered in England No. 11332964. Registered Office: Unit 3 Mitcham Industrial Estate, 85 Streatham Road, Mitcham, United Kingdom, CR4 2AP.

Advertiser disclosure: Bitcompare is a comparison engine that relies on advertising for funding. The business opportunities that can be found on this site are offered by companies with which Bitcompare has made deals. This relationship may affect the way and where products appear on the site, such as in what order they are listed in categories. Information about products may also be placed based on other factors, such as the ranking algorithms on our website. Bitcompare does not look at or list all companies or products on the market.
‍
Editorial disclosure: The editorial content on Bitcompare is not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities. The opinions expressed here are the author’s alone. Additionally, the opinions expressed by the commenters do not necessarily reflect those of Bitcompare or its staff. When you leave a comment on this site, it will not show up until a Bitcompare administrator approves it.

Warning: The price of digital assets can be volatile. The value of your investment can go down or up, and you may not get back the amount invested. You are the only one who is responsible for the money you invest, and Bitcompare is not responsible for any losses you might have. Any APR shown is a rough estimate of how much cryptocurrency you will earn in rewards over the time period you choose. It does not display the actual or predicted returns or yields in any fiat currency. The APR is adjusted daily, and the estimated rewards may differ from the actual rewards generated. The information on this page is not meant to be a sign from Bitcompare that the information is correct or reliable. Before making any investment, you should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult with an independent financial advisor. Links to third-party sites are not under the control of Bitcompare, and we are not responsible for the reliability or accuracy of such sites or their contents. For more information, see the Terms of Service for Bitcompare and our Risk Warning.