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According to Watcher Guru, we are only 12,554 away from the Ethereum merger, which is expected to take place at 1:09 a.m. on September 15 (CST). By then, Ethereum will have switched to PoS, a blow to PoW miners on the network. The merger will force PoW miners who operate the $19 billion mining business to find alternatives.

Source: https://watcher.guru/ethmerge

Recent data shows that Ethereum miners are leaking the network. Right now, the average computing power of the entire Ethereum network stands at 854 TH/s. Trending lower over the past week, the figure has fallen around 19% from the peak in May. Ethereum’s massive PoW hashrate is of great importance to the entire crypto mining industry, and ETH hashrate will transition to other PoW coins once Ethereum transitions to PoS, which could reshape the entire mining sector.

Faced with the imminent transformation of the mining sector, Ethereum miners could opt out of the switch to PoS by the Ethereum community to protect their own interests. From this perspective, PoW miners on Ethereum might seek a hard fork to preserve the existing PoW chain and generate a new coin. However, such a coin fork can be problematic in terms of risk and security. If Ethereum is forked, projects within today’s largest crypto ecosystem will have to make a choice. Meanwhile, several mainstream projects, spanning the two stablecoin issuers Tether (USDT) and Circle (USDC), the Oracle ChainLink and the on-chain lending protocol Aave, have declared their support for the PoS chain. Without the support of popular projects, the PoW chain will be worthless.

Of course, some miners might choose to accept reality and switch to ETC. The DAO hack split the Ethereum community into the ETH camp and the ETC camp. The two now differ in terms of algorithm, and ETH mining machines might need to go through firmware updates to become compatible with ETCHASH, the ETC mining algorithm. Despite this, there is no technical barrier between ETH and ETC, and it is cheap to switch from one to the other. As such, it is predictable that the ETC hashrate will skyrocket after the merger.

In response to the current ETC mining boom, many pools, including ViaBTC, are offering mining benefits. In early September, ViaBTC Pool announced that it would end the pool’s PoW mining service and ETH revenue calculation when the TTD reaches a set threshold. The pool said asset management functions such as ETH deposits and withdrawals and conversion, as well as ETH financial services that include hedging and lending, will remain available. He also recommended the ETC pool to miners planning to continue their PoW mining operations.

To help miners transition to ETC mining, ViaBTC has partnered with Bitdeer, one of the leading mining service providers, and offered a major perk: a free trial of MiningOS firmware. All ViaBTC users can benefit from the six-month free trial of MiningOS, which will help miners minimize costs and maximize returns.

Offering simplicity, strong security and high yields, MiningOS is an innovative firmware for GPU mining developed by the Bitdeer Group. The product is simple in that it allows miners to deploy their mining operation with a flash drive to download the image file, without having to go through the complicated process of burning code. Backed by a major mining brand, MiningOS supports SSL connection and emphasizes security and privacy protection. After being tested on a large number of GPU mining machines, MiningOS ranked second in terms of average revenue, and the figure is more than 2% higher than the second place winner. Over time, the seemingly small difference will result in a substantial increase in income.

Join the event on https://minerplus.bitdeer.com/miningos

Try MiningOs for free:

  1. Click the link or scan the QR code in the image above to open the event page;
  2. Register and log in to your Bitdeer account;
  3. Install and deploy MiningOS firmware;
  4. Contact customer service and request exclusive ViaBTC benefits;
  5. Select Pool ViaBTC in the mining configuration;
  6. Enjoy the superior mining experience brought by smart mining and increased hashrate enabled by MiningOS.

CPUs Covered

GTX 3070, GTX 3080 and GTX 1660

Target cipher

ETC

How to install MiningOS:

You can click the link below for specific installation instructions or get help from customer service on the Bitdeer website:

https://bdminerplus.zendesk.com/hc/en-us/articles/9876983152921-MiningOS-Installation-Tutorial

About Doe

Bitdeer Group is the world’s leading provider of digital asset mining services. It was founded by Jihan Wu, a renowned pioneer in the cryptocurrency industry, along with Sequoia Capital, IDG and other well-known blockchain investment institutions. The group consists of two service platforms, “BITDEER” and “MinerPlus”, which provide a full range of mining services including hashrate sharing and smart mining solutions.

About Through BTC

ViaBTC, founded in May 2016, has provided professional, efficient, safe and stable cryptocurrency mining services to over 1 million users in over 130 countries/regions around the world, with mining production value accumulated tens of billions of dollars. As the world’s leading all-inclusive mining pool, it provides mining services for more than ten mainstream cryptocurrencies including BTC, LTC, ETC, etc. and wallet, ViaBTC is committed to providing global users with more abundant support tools, more stable and efficient mining services, and better product experiences.

 Image by Nana Dua from Pixabay



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