ETHW drops 67% in a day and ETHPoW’s servers have everything to do with it
Ethereum [ETH], the largest altcoin, successfully completed the historic Merge to PoS on 15 September. But what about the latest, buzziest Ethereum fork – “designed” by veteran Ethereum miner, ETH PoW? Is it dead yet or still breathing deep within the crypto ocean?
Well, despite taking a huge blow, ETHPoW—the ETH network’s rival offshoot continued to believe in its ability. In fact, ETHPoW officially launched its mainnet on 16 September. This was followed by the team announcing the same on via social media.
<p lang=«en» dir=«ltr» xml:lang=«en»>ETHW Mainnet Info Network Name: ETHW-mainnet New RPC URL: https://t.co/MQ04pnPQyW Chain ID: 10001 Currency Symbol: ETHW Block Explorer URL(Optional): https://t.co/J3JllmQA8I— EthereumPoW (ETHW) Official #ETHW #ETHPoW (@EthereumPoW) September 15, 2022
The release included key technical requirements and details. Herein, the official RPC for users to add ETHPoW to their wallets and block explorer URL.
The price of ETHPoW token drastically soared moments after the Merge. Prior to this, the fork’s native cryptocurrency, ETHW, surged some 70% to $60.68, likely in anticipation of the network’s launch. Soon, the token soared from $34.08 to $51.35 moments after the Merge.
Meanwhile, the platform even received support from mining giants as well. EthereumPoW, the community advocating for ETHPoW, or the PoW Ethereum version, released a list of mining pools to continue mining after the ETHW mainnet launch. These included theF2Pool, Poolin, and Antpool.
F2pool launched the ETHW (EtheremPoW) mining pool. The blog added,
“(…) the remaining hashrate in our ETH pool is redirected to our ETHW mining pool. ETHW uses the Ethash mining algorithm, it can be mined with current GPUs and the Ethash ASIC mining
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