Ethermine, the largest mining pool on the Ethereum network, has launched a staking service for the second largest cryptocurrency by capitalization.

We are proud to announce Ethermine Staking! 🎉

Ethermine Staking is an investment based on ETH_STORE, an objective and transparent reference rate based on Ethereum Proof-of-Stake.

Invest as little as 0.1 ETH https://t.co/myG3pOob7P

— Ethermine.eth (@ethermine_org) 30 August 2022

The minimum investment amount is 0.1 ETH. The prize is awarded in cryptocurrency at the ETH.STORE reference rate based on Ethereum Proof-of-Stake.

Austria-based pool operator Bitfly implemented the solution in partnership with law firm Stadler Völkel and auditor Moore Interaudit Salzburg.

“This investment will allow us to offer a transparent alternative to existing staking services after the Ethereum PoW mining phase ends,” the post wrote.

Ethermine has previously stated that it will not support any of the potential Ethereum forks based on the Proof-of-Work (PoW) algorithm. The Merger, which will move the mainnet to Proof-of-Stake (PoS), is expected to conclude on September 15.

The platform invited users to participate in the mining of other cryptocurrencies such as Ethereum Classic (ETC).

Mining pool AntPool announced the end of support for Ethereum from September 3 in connection with the blockchain’s transition to the PoS algorithm. The service will continue to serve Ethash token miners, including ETC.

Recall that JPMorgan acknowledged that after The Merge, the main beneficiary of the Ethereum miner flow will be ETC.

ForkLog analyzed the prospects of migrating the null hash rate of the original ether to Ethereum Classic and how this could affect the ETC price.

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