What Is EthereumPoW (ETHW)?
EthereumPoW (ETHW) is a proposed hard fork of Ethereum designed to preserve the Proof-of-Work (PoW) consensus mechanism after Ethereum transitions to Proof-of-Stake (PoS). This fork aims to support miners who rely on GPU-based mining, ensuring their continued participation in the network.
Founders of EthereumPoW
EthereumPoW is backed by an anonymous group of ETH miners disadvantaged by the shift to PoS. With Ethereum’s mining industry valued at approximately $19 billion, this transition renders their hardware obsolete. Unlike Bitcoin, which uses ASICs, Ethereum mining relies on GPUs, making a switch impractical.
Prominent supporters include:
- Justin Sun (Founder of Tron)
- Chandler Guo (Notable ETH miner)
Poloniex, supported by Justin Sun, became the first exchange to list ETHW and plans to list other potential ETH forks.
👉 Explore ETHW trading opportunities
Unique Aspects of EthereumPoW
ETHW intends to replicate Ethereum’s current PoW state. Key uncertainties include:
- Whether it will copy only the chain state (allowing DApp developers/stablecoin issuers to choose support).
- Or duplicate application states, doubling DApps and liquidity across both chains.
Critics argue this fork may enable exploitative practices like frontrunning and MEV, draining "valueless PoW liquidity" into ETHW. Ethereum contributors have labeled ETHW’s launch as exploitative.
Circulating Supply of ETHPoW (ETHW)
Initially, ETHW’s circulating supply matches Ethereum’s PoS chain post-merge. However, supply divergence will occur due to differing inflation rates:
- PoW ETHW: Faster supply growth if mining continues.
- PoS Ethereum: Lower inflation.
Network Security of ETHPoW
ETHW retains Ethereum’s original PoW mechanism. However, the planned difficulty bomb may eventually render mining unviable.
Where to Buy ETHPoW (ETHW)?
ETHW is available on exchanges like Poloniex. Always research and use reputable platforms.
👉 Secure your ETHW investments today
FAQ
1. Will ETHW replace Ethereum?
No. ETHW is a separate fork for miners; Ethereum’s primary chain transitions to PoS.
2. Is ETHW mining profitable?
Profitability depends on ETHW’s market value and mining difficulty post-fork.
3. How does ETHW impact Ethereum’s value?
Short-term volatility is likely, but long-term effects depend on adoption and miner support.
4. Can I stake ETHW?
No. ETHW remains PoW; staking is exclusive to PoS Ethereum.
5. What risks does ETHW pose?
Potential for low liquidity, exploitation, and rapid devaluation.
For deeper insights, see our comparison: Ethereum PoS vs. PoW (link removed per guidelines).
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