Binance Launches Ethereum PoW Mining Pool

The platform supported the mining of the token of the new ETHW blockchain. At the same time, the listing of the coin on the exchange was not carried out

Cryptocurrency exchange Binance has launched the mining of the Ethereum PoW fork token in the Binance Pool. The platform posted instructions and all the technical data necessary for the extraction of cryptocurrency on its website .

The Ethereum PoW blockchain was launched on September 15, after the mainnet upgrade and the cessation of ETH mining. The token of the new blockchain received the designation ETHW.

ETHW has not been listed by the exchange, according to Binance. Binance also does not support depositing funds in these tokens. Assets mined through mining will automatically go to the wallet section of the Funding Wallet pool.

Currently, the Ethereum PoW cryptocurrency can only be withdrawn from the platform or exchanged for BUSD or USDT stablecoins.

Mining of the ETHW token was also supported by other major pools. Nanopool has announced plans to start mining the Ethereum hard fork PoW token immediately after the main network transitions to the PoS algorithm. Also, the mining of this cryptocurrency was supported by F2Pool, Poolin and BTC.com.