Binance launches ETHW mining pool, ETHW price surges

Binance, the world’s largest cryptocurrency exchange, has launched its mining pool service for Ethereum Proof-of-Work (ETHW), a forked version of Ethereum.

See related article: Ethereum says Merge upgrade successfully completed, more to come

Fast facts

• Binance Pool said on Thursday that it offers zero pool fees for the ETHW pool during a promotion period until Oct. 29.
• ETHW price rose 9% over the past 24 hours to US$12.08 at 2:30 p.m. in Hong Kong, according to data from CoinMarketCap.
• Binance, however, has not listed ETHW, and it said in the Thursday statement that “supporting ETHW on Binance Pool does not guarantee the listing of ETHW.”
• Users can only withdraw ETHW on Binance so far and deposits are not available, the exchange said.
• The Ethereum network “Merge” was completed on Sept. 15, but some miners have created a fork ETHW to keep running the previous network.
• Major mining pools such as F2Pool, Poolin and Antpool have also launched their ETHW mining pools.

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