The largest Ethermine mining pool on the Ethereum network said it will not support any of the potential forks based on the Proof-of-Work (PoW) algorithm.

“After seven long years of research and development, the Ethereum mining phase will end on September 15, 2022. After this date it will not be possible to mine ether using graphics cards (GPU) or ASIC miners,” the message says.

After merging, the platform will switch to output only mode. All Ethereum pool Stratum servers will be shut down.

According to the statement, blockchain service provider Bitfly has reached a decision “after careful consideration.”

Ethermine will invite miners to participate in mining one of the other cryptocurrencies in the Ethhash algorithm:

• Ethereum Classic (ETC);
• Ravencoin (RVN);
• Ergo (ERGO);
• Beam (beam).

To incentivize miners, the service will reset the commission on pools of these coins during the month of September.

At the end of July, miner Chandler Go expressed the idea of ​​launching an Ethereum fork that would continue to work on the PoW algorithm. The new network is designed to enable cryptocurrency miners to continue their operations after the main blockchain’s transition to Proof-of-Stake (PoS).

In an open letter to Guo, Bob Summerville, head of the ETC Cooperative behind the development of the Ethereum Classic ecosystem, questioned the feasibility of the fork and the prospects for the new network if launched. The project invited its supporters to participate in ETC mining.

Ethereum PoW (ETHW) developers described the fork as an “inevitable” response to a request from the community and miners. Among the objections to Summerville’s arguments, they noted that the Ethereum Classic network would not be able to accommodate the released power that exceeds the hash rate by an order of magnitude.

Recall that JPMorgan analysts acknowledged that after Ethereum’s transition to PoS, the main beneficiary of miner flow will be ETC.

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