The AntPool mining pool will stop supporting Ethereum from September 3 due to the upcoming transition of the cryptocurrency to the Proof-of-Stake (PoS) consensus algorithm.
ETH Maintenance Change Noticehttps://t.co/ClUePgHUz6 pic.twitter.com/97zq0BCc2x
— ANTPOOL (@AntPoolofficial) August 27, 2022
The service recommends that its users add an ETH wallet address to their account before this date in order to receive mined coins. The team explained this algorithm of actions by the fact that it will not be able to support assets in the PoS chain.
Of course, AntPool will continue to provide mining services for users who plan to mine Ethereum Classic (ETC) and other Ethash tokens.
“As one of the largest PoW mining pools, AntPool stands for Satoshi Nakamoto’s decentralized Proof-of-Work consensus and fully supports BTC, ETC and other tokens,” the statement said.
Prior to this, JPMorgan analysts suggested that ETC will be the main beneficiary influx of miners after the transition of Ethereum to PoS.