Following the merging of execution and consensus protocols, a forward-thinking Chinese miner ventured into uncharted territory by forking the
Ethereum
blockchain, creating EthereumPOW, commonly known as ETHW. This groundbreaking move occurred on September 15, 2022, when Ethereum transitioned from a proof-of-work (PoW) consensus mechanism to a proof-of-stake (PoS) system.
This transition led to the emergence of ETHPoW, a unique PoW blockchain that originated from Ethereum’s Merge and essentially represents Ethereum prior to the Merge. The main goal behind this Ethereum fork was to maintain the proof-of-work mining structure that ETH miners preferred.
Are you interested in mining EthereumPoW (ETHW)? You’ve come to the right place. Our aim is to assist you in selecting the best mining software for EthereumPoW (ETHW) to help you become a successful ETHW miner.
What is EthereumPoW?
The EthereumPoW network is essentially a derivative of the Ethereum network, known as a fork in technical terms. A fork introduces significant changes to a blockchain network’s operation. EthereumPoW was created by a minority but influential segment of the crypto community who believed in retaining the proof-of-work consensus mechanism. This group mainly consists of miners who wish to protect their earnings, especially after Ethereum’s shift to the proof-of-stake mechanism on September 15. Notable crypto miner Chandler Guo and others advocated for ETHW, expressing concerns that Ethereum 2.0 could displace crypto miners. ETHW is the native token for the EthereumPoW network, available on select exchanges like FTX, ByBit, and BitMart for spot trading.
With the launch of the mainnet, the EthereumPoW team introduced an update outlining various changes and solutions. Since its inception, the network has processed over 1.7 billion transactions, with the number continuing to rise.
Top 4 mining software for EthereumPoW
Ethereum mining software provides access to EthereumPoW (ETHW) mining pools, remote interface capabilities, and miner logs for a fee. Mining ETHW can be streamlined with the right cryptocurrency mining software and hardware. While many ETHW mining software options promise similar results, it can be challenging to select the best one. Below is a list of the top EthereumPoW mining software based on features and performance.
1. ETHminer (Windows)
ETHminer for Windows is a popular mining software known for its efficiency and features like “Earnings per Minute” and “Earnings per Day.” It offers bonuses from 10% to 100%, making it a favorite among miners.
2. Claymore Miner
Claymore Miner is another excellent software for miners seeking profitability while mining EthereumPoW. It stands out for its optimization, regular updates, and dual mining feature that allows miners to mine two different cryptocurrencies simultaneously.
3. CGMiner
CGMiner is a reliable EthereumPoW software that has been in existence for six years. It does not require high-end graphics cards and is suitable for Windows and Linux-based devices. CGMiner’s features make Ethereum mining easy and efficient.
4. Minergate
For Mac users interested in mining, Minergate is a great option. It offers features like a calculator, cloud mining service, and a user-friendly interface for easy cryptocurrency mining.
Frequently Asked Questions about Ethereum Mining Software
– What is Ethereum?
Ethereum is a decentralized blockchain platform with its own native token, Ether, used for smart contracts and Distributed Applications (ĐApps).
– Why mine EthereumPoW?
With Ethereum’s market capitalization fluctuating over the years, mining EthereumPoW can be financially rewarding. Following the Merge, Ethereum bifurcated into ETH (PoS) and EthereumPoW (traditional PoW), allowing miners to continue earning rewards through mining.
– What is mining hardware?
Mining hardware, such as ASIC miners, is essential for efficient mining. ASIC miners are specifically designed for mining tasks and offer better performance than regular computers.
– What is mining software?
Mining software serves as a medium for mining cryptocurrencies efficiently. It enables miners to access hash rate, mine individually or in pools, and earn rewards while remaining anonymous.
– Joining a mining pool vs. solo mining
Mining as part of a pool improves the chances of solving complex equations and earning rewards, while solo mining allows miners to keep all profits but may take longer to mine a token individually.
In conclusion, selecting the best EthereumPoW mining software depends on individual preferences and requirements. Conduct thorough research to ensure the chosen software delivers on its promises and meets your mining needs.
