EthereumPoW or ETHPoW is a hard fork from the Ethereum blockchain which will continue to work using a proof of work consensus mechanism. The fork results from the Ethereum Merge, which will see the blockchain transition to a proof of stake consensus while the forked ETHPoW chain will continue to operate using a PoW consensus.

Calling itself the original Proof of Work Ethereum, EthereumPoW finds support from a group of ETH miners who would suffer losses as Ethereum ditches the PoW model in favor of PoS. The transition following the Merge has caused losses to the ETH mining community, consisting of not only individual miners and mining pools but also dedicated mining organizations.

The forked ETHPoW blockchain will allow miners to continue their mining operations and earn ETHW coins instead of ETH using the dedicated GPUs that were previously mining Ether (ETH). Although Ethereums co-founder Vitalik Buterin suggested that ETH miners switch their focus to mining Ethereum Classic (ETC) instead, a group of miners has decided to support the forked EthereumPoW network for this purpose instead.

ETHW is the native cryptocurrency of the ETHPoW chain. It can be mined and used to pay transaction fees using the EthereumPoW network. In addition, miners who participate in the networks consensus mechanism by validating transactions and producing new blocks can earn rewards in $ETHW for their efforts.

EthereumPoW will copy the state of Ethereum at the time of its PoW hard fork. The ETHPoW mainnet will go live 24 hours after the Merge, which means the network will officially launch on 16 September 2022.

The ETHPoW mainnet will start from the block height of the Merge block plus 2048 empty blocks as padding. This will ensure that the ChainID switches to 10001 and remains the longest chain for ETHW. The Merge block of the Ethereum blockchain + 2049 will become the first official block for the ETHW coin when the EthereumPoW mainnet goes live.

The networks backers have set the mining difficulty at around 220 T or a hashrate of 15 TH/s at a minimum. The team behind the blockchain maintains that the PoW chain ETHW will function as the backbone to support Web3 development.

The core team behind the project will prepare a copy of the Ethereum blockchain till the Merge, test the chain ID switches, and ensure accurate communication and synchronization between full nodes and light nodes in the network. The team has confirmed that it will offer an accurate countdown for the mainnet launch 1 hour before the event is scheduled to occur after ensuring everything is in order.

With Ethereum transitioning to a proof of stake consensus, miners who were previously involved in validating transactions and producing new blocks in the proof of work consensus will no longer be able to contribute and mine ETH coins. After investing in expensive GPU mining equipment, they stand to suffer severe losses following the Merge.

The idea for EthereumPoW came about as a way to salvage these mining rigs and operations and continue using them. Although Ethereums co-founder Vitalik Buterin recommended that ETH miners switch to mining ETC, a group of miners and prominent backers want to continue Ethereums PoW network, hence the idea to launch an EthereumPoW fork.

The ETHPoW fork finds support from leading ETH miners Chandler Guo and TRONs founder Justin Sun. Poloniesx, a DEX backed by Justin Sun, has confirmed that it will be the first platform to list the ETHW crypto. In addition, the exchange has announced support for all potential ETH tokens forked from Ethereum.

The ETHW Core team published the EthereumPoW testnet on 26 August 2022. The project intends to sustain a Pow-powered Ethereum ecosystem for decentralized applications (dApps).

It is too early to accurately predict the price of ETHPoW since it has not yet been launched or listed on major exchanges. However, the project has gained support from influential figures such as established ETH miners, TRON's founder Justin Sun, and major Ethereum mining pools. This support could inspire confidence in dApp developers to create and deploy dApps on the EthereumPoW chain, leading to increased on-chain activity. Over time, as more crypto projects adopt its PoW ecosystem, the price of ETHPoW could rise, making it an exciting asset to consider for your portfolio.

In the future, the EthereumPoW price may also increase as more miners join to mine ETHW and contribute to the consensus mechanism that secures the proof-of-work blockchain. If the ETHPoW chain replicates app states from the Ethereum blockchain, it could experience higher on-chain activity and liquidity, further boosting the value of ETHW. Additionally, if more dApps and exchanges support the ETHPoW hard fork, the value of ETHW could also rise. However, the acceptance process may take time, especially with the crypto market's focus on the Ethereum PoS transition event.

ETHW is the native cryptocurrency of the EthereumPoW ecosystem, serving the following purposes:

Transaction Fees

ETHW can be used to pay transaction fees when utilizing the EthereumPoW chain. You can pay gas fees in ETHW for payment transfers, interaction with dApps, and execution of smart contracts.

Mine ETHW

You can mine ETHW coins by contributing to block production and transaction validation on the PoW-based ETHPoW blockchain. All transactions on the blockchain must be verified and recorded in new blocks, and as a reward for your efforts, you will receive a portion of the newly mined ETHW coins.

Trade and HODL

You can trade ETHW on supported exchanges and platforms. Buy or sell EthereumPoW against other cryptocurrencies based on market conditions to grow your portfolio. Before trading ETHPoW, review real-time EthereumPoW price, ETHPoW market cap, ETHW circulating supply, and 24-hour trading volume. Additionally, perform technical, sentiment, and fundamental analysis on the ETHW price chart. If you believe in the future potential of the ETHPoW project, you can also invest in ETHPoW and hold it for the long term.

At the time of launch, the circulating supply of ETHW coins will be the same as that of ETH since EthereumPow emerges from a hard fork of the Ethereum network. However, as ETHW can be mined, its circulating supply may increase at a faster rate compared to Ether or ETH in the future.

The gap between the circulating supply of ETHW and ETH will continue to widen as Ethereum PoS plans to reduce its inflationary mechanism and make it more difficult to create new ETH tokens.

The EthereumPoW mainnet is scheduled to launch 24 hours after the Ethereum Merge. The launch date for the ETHPoW mainnet and ETHW coin is September 16, 2022.

Further details regarding the exact launch time will be provided by the ETHW Core team one hour before the go-live event.

You can mine ETHW using the same GPU mining rig that was previously used for mining Ethereum (ETH) or Ethereum Classic (ETC). However, investing in a mining rig can be expensive, especially if you don't have sufficient capital.

A more convenient way to mine ETHW is by joining a mining pool and contributing your computing resources to a shared pool. The rewards earned by the mining pool will be distributed proportionally among participants based on the resources each member contributes.

Major Ethereum mining pools have already committed to supporting ETHW mining, including f2pool, poolin, BTC.com, and the ETHW backup mining pool Ethwmine.

Create an account, link your wallet, configure the mining software, and start participating in the mining process to earn rewards in ETHW coins for your contribution.