When Ethereum Mining Ends
Ethereum developers have defined the condition for the POW to POS switch. They operate with the parameter known as Total Terminal Difficulty (TTD) of the Ethereum network. TTD calculation is quite complicated. In simple words, it is a counter (a variable) that grows with every new block found in the Ethereum network.
Wen Merge? is an awesome website with the Merge counter. You could always check the current Total Difficulty (TTD) there.
Current TTD is 57 569 366 816 331 680 186 368
Merge happens when TTD reaches 58 750 000 000 000 000 000 000
This happens roughly on September 14th.
Is this date accurate?
Yes, this date is quite accurate. Some minor changes could be seen if the Ethereum hashrate changes severely. We don’t think this could happen in the nearest two weeks.
Are there any factors that may alter the transition to the POS date?
Yes, Ethereum developers could postpone the Merge to a higher TTD. This is an extremely unlikely event though.
How the Merge Happens
We’ve heard a lot of rumors that ETH mining would be still possible after the Merge just the mining difficulty would increase because of the difficulty bomb etc. That is not true. When Merge happens the Ethereum network will no longer accept POW-mined blocks. So the mining just dies.
Ethereum (ETH) mining stops in the middle of September (approximately on September 14th). No more ETH mining would be possible.
How Will 2Miners ETH Pool Operate
At that particular moment when the Ethereum TTD reaches the preset value of 58 750 000 000 000 000 000 000 the pool can no longer find a new ETH block and get rewarded. The date and time of the Merge event is not precise therefore we will operate until the Merge happens.
We are grateful to have such an awesome ETH mining pool and mining community that we have. More than 100K miners are mining Ethereum in 2Miners. We would like to say BIG THANKS! to all our miners. No flattering, we always stand for our miners, you guys rock! In this sad moment, we would fight to the last mined block.
When the Merge happens the pool will still accept shares for a short period of time. Obviously, no rewards after the Merge event could be credited. We would like to switch you automatically to ETC (Ethereum Classic) mining pool. However, that is impossible because ETC uses a modified version of the Ethash mining algorithm called Etchash. You will need to reconfigure your software in order to do that.
2Miners Ethereum Pool Payouts
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