September for 2Miners: Etherium’s move to PoS and new cryptocurrencies

October 3, 2022 by cryptobreak

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The first month of autumn is over, which means it’s time to take stock of the thirty days of work by the developers of the 2Miners mining pool. First of all, the situation was affected by the transition of Etherium to PoS, which significantly reduced the profitability of mining other coins. However, there is a lot to mine and development of the pool continues.

Content

1 Etherium ETH network switched to PoS
2 New cryptocurrency on the pool – Neoxa
3 Launch of EthereumPoW ETHW mining
4 Bitcoin payouts for mining cryptocurrencies on video card
5 Delisting EXP, ETP and MWC
6 Cryptocurrency nodes update

Etherium ETH network moved to PoS

A major event in the cryptocurrency mining industry took place on 15 September. After several years of preparation, the Etherium network did switch to the Proof-of-Stake consensus algorithm, causing ETH mining with video cards to stop. This led to a massive panic among miners, as the profitability of coin mining via video cards dropped several times. The reason for this is that the processing power that was dedicated to mining ETH was freed up and distributed to other coins.

Today, Etherium is still the second largest cryptocurrency in the world in terms of market capitalisation. It was also the main coin to mine - and now it is over. Read more about the extent of the situation in the article "The end of ETH mining for Etherium".

Etherium and other cryptocurrencies

A day after Etherium switched to PoS, the 2Miners pool team made the last payout for ETH miners. The payout went through on all balances that exceeded the minimum threshold to send. These are:

For ETH addresses – 0.01 ETH;
For BTC addresses – 0.005 ETH;
For NANO addresses – 0.0005 ETH.

There are plenty of coins to mine with a video card today. They are listed in the article “What to mine after Ethereum goes to POS?”. In addition, the most profitable coins to mine are always suggested by the 2CryptoCalc calculator.