EthereumPoW (ETHW) Price Soars Over 15% As Binance Launches Mining Pool

The world’s largest crypto alternate Binance in a press launch on Thursday introduced the launch of the Ethereum proof-of-work (ETHW) mining pool. After the announcement, the EthereumPoW (ETHW) value skyrocketed by over 15%, hitting a 24-hour excessive of $12.71.

Binance Announces Mining Pool for EthereumPoW (ETHW)

Binance Pool has formally launched the Ethereum Proof-of-Work (ETHW) mining pool for miners, in line with a press release on September 29. With the tip of Ethereum mining after the Merge, EthereumPoW laborious forked Ethereum to introduce ETHW tokens with a purpose to proceed mining on Ethereum proof-of-work chain.

Binance Pool has additionally introduced zero pool charges to advertise ETHW mining on the Ethereum Proof-of-Work (ETHW) mining pool. All customers can mine ETHW tokens for zero pool charges from September 29 to October 29 at 10:00 UTC.

Binance claims ETHW help on Binance Pool doesn’t signify the itemizing of ETHW tokens. EthereumPoW (ETHW) will endure a strict itemizing assessment course of as Binance does for different tokens. It ensures investor safety and itemizing of tokens with higher use circumstances.

Moreover, the crypto alternate help solely withdrawals of ETHW. The deposits of ETHW are usually not accessible on account of inside coverage. However, customers can promote ETHW for BUSD or USDT on the Binance Convert service.

Ethereum (ETH) value has dived after the Merge as whales and traders continues to liquidate their ETH holdings. Also, the ETH provide has elevated by 8,671 tokens after the Merge. Meanwhile, the ETHW value has additionally plummeted on account of a scarcity of help.

EthereumPoW Price Skyrockets

EthereumPoW didn’t appeal to a lot consideration from the crypto neighborhood on account of a scarcity of help from crypto exchanges and increased security risks. However, developments associated to ETHW had pushed up costs. Recently, the launch of the cross-chain ETHW Bridge supporting Ethereum led the worth to rise over 40%.

After the Binance Pool announcement, the ETHW value jumped almost 15%. The ETH value is at present buying and selling at $12.47. It has a 24-hour high and low of $10.42 and $12.71, respectively.

Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his information about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been related to the blockchain and cryptocurrency business for a considerable interval and is at present masking all the most recent updates and developments within the crypto business.

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