AntPool Will Suspend Ethereum Support Ahead of The Merge Update

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Mining pool AntPool, which is affiliated with Bitmain, will stop supporting Ethereum starting September 3 due to the upcoming transition of the crypto to the Proof-of-Stake consensus algorithm.

The company has recommended that users before this date add an ETH wallet address to their account in order to receive mined coins. The team has clarified it would not be able to maintain assets on the PoS chain.

We should note that AntPool will continue to provide mining services for users who plan to mine Ethereum Classic (ETC) and other Ethash tokens.

According to the statement:

“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.”

Louis Adams https://www.satoshihodler.com

I am an experienced crypto news writer. I have been in the industry for many years and believe this tech can bring financial freedom to everyone.