As of June 3, 2025, Ethereum’s landscape has dramatically changed. The original Ethereum (ETH) transitioned from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism.
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The Shift from PoW
The move to PoS rendered mining on the main Ethereum network obsolete. Major mining pools, like Ethermine, ceased their ETH mining operations.
Ethereum Classic (ETC)
While ETH transitioned, Ethereum Classic (ETC) continues to utilize Proof-of-Work. Mining remains viable on this blockchain.
EthereumPOW (ETHW)
Following the merge, EthereumPOW (ETHW), forked from the original chain, emerged. It maintains a PoW system, attracting miners who prefer the traditional model.
Hashrate
The Ethereum PoW network hashrate reflects the computational power dedicated to mining on these PoW-based chains.
Mining Hardware
Mining Ethereum Classic and EthereumPOW requires specialized hardware. While ASICs (Application-Specific Integrated Circuits) are prevalent in Bitcoin mining, GPU (Graphics Processing Unit) mining remains a common approach for these Ethereum forks. The profitability of mining depends on factors like the price of ETC or ETHW, the difficulty of the network, and electricity costs.
Mining Software
Several mining software options are available for ETC and ETHW. These applications provide real-time statistics, accurate mining information, and efficient mining engines. Popular choices often offer user-friendly interfaces and features for monitoring performance and pool connections.
Mining Pools
Joining a mining pool is a common strategy for miners. Pools combine the computational power of multiple miners, increasing the chances of solving a block and earning rewards. These rewards are then distributed proportionally among the pool members based on their contribution.
Profitability
The profitability of Ethereum Classic and EthereumPOW mining fluctuates significantly. It’s crucial for miners to closely monitor market conditions, network difficulty, and electricity prices to make informed decisions about their operations. Online mining calculators can help estimate potential earnings based on current conditions and hardware configurations.
Future Outlook
The future of Ethereum Classic and EthereumPOW mining depends on their continued adoption and the overall trajectory of the cryptocurrency market. As the digital landscape evolves, miners must adapt to changing technologies and market dynamics to remain competitive and profitable.
