Bitcoin Forum

Many of you are probably aware of the Ethereum merge or the switch to POS but some may still be unaware that some group decided to continue with the "original" network and so the creation of another coin called ETHW.

Is there an airdrop? Yes and centralized exchanges have started distributing them to all their qualified ETH holders.

In case you have ETH in your non-custodial wallet by the time of the snapshot then you'll still get an equivalent amount in ETHW.

Just add the following in your Metamask or other supporting wallets if you want,

- https://medium.com/@ETHW/ethw-mainnet-info-released-d775865a05e6

1 ETHW is curently valued at $6
- https://www.coingecko.com/en/coins/ethereum-pow

I here that there was another fork, though I haven't yet read about it and it could be another one of those stupid scams. it's called EthereumFlair (ETF) though the choice of name seems to be pretty much awkward since most of us traders know about ETFs (Exchange Traded Funds)
Are ETH holders at the time of snapshot also going to receive an ETF airdrop?

ETHW was dumped days after the fork and I could be wrong but I believe that there will be games for ETHW.

It is not good to buy that coin now because it must be moving side-way for a while before it becomes safer to enter. I will wait a few weeks and make my buying orders. I believe that after whales accumulate cheap ETHW, there will be games to list it on big exchanges. Imagine if it get listed on Binance, the market participants will become very FOMO.

If BTC dumps more in this month I am positive that ETHW will cost 2$ per coin, what pissed me off about this coin is the lack of utility, vitalik walk away with everything, smart contracting and leave only PoW behind, who is going to build on ETHW? Lol this is going to end up a shit coin.

Yes, such a price shows the true value of this coin. Although I naively thought that it would be possible to sell ETHW at a price around $100. It is possible that if the bear market continues, the price of these coins will drop to several tens of cents. It is obvious that even now the ETHW mining process is unprofitable, so the question of who will support the network will be relevant.

I have the same opinion as you, cannot confirm the future of ETHW but for now, we will have a bump and dump game with it. The highest price reached by ETHW on the bybit exchange was $40 and it is currently being dumped at $6.
Today binance has distributed airdrop to all users, but they don't allow trading but only withdrawal and deposit, looks like binance is having a different plan here. So now is not a good time to buy, after the whales collect enough goods, I believe there will be waves for us to take advantage of to make a profit.

Those miners who don't want to get ride of their mining rigs will simply continue to mine this fork coin. And we have seen that it's been a rough start, up and down, sometimes you will see a huge dump and then followed a a increased of like 40%.

So obviously, someone from behind is playing it. But I guess this is to b eexpected just like any other fork coins in the past. And as long as there are going to be miners then this coin is going to survived.

I think it’s just amazing to see the equivalent reward for the holders. I did not get the ratio from your post though? like is it 1ETH for 1ETHW? If that’s the case then man it is already having big price tag man. Since the cost is just 6 bucks per ETHW is too less for that conversion.

However, on the other hand buying it as an investment is perfect Timeline. ETHW will be invested under an impression of making money because ETH too lot of it from the miners in the first place. This is the coin one have to have in the portfolio before it’s too late.

Would love to get some free one and it's not that difficult to add it on your wallet, so I'm up to get a free ETHW. I wonder though if this was just cash grabs but will ETH PoW token will do the same as ETCs action? I mean ETC was original too and they continue thriving.

$6 is good enough if considering the top at $40 but I'd like to wait for a bit of side way. I don't jump in instantly now as I see it is still risky and not good for my capital flow. It's not good to put my capital in ETHW and it will stuck with minor price changes for a while.

Binance is always late to distribute airdrop and listing for trading. Anyway, when they list, it is a massive booster. Binance and CZ are smart so they do know that forked coins need them with listing. They will try to wait to see what will happen with that fork as well as price accumulation before making any listing for it.

Supported by three major centralized exchanges but I don't think they had an airdrop. This will probably end up like those many bitcoin hardforks....they will be abandoned. The coin was also dumped hard like ETHW.

Time will tell. ETC and ETHW are both using POW algo but not exactly the same. Confidence on ETC's security have not been restored yet after multiple successful attacks so we could see an advantage of ETHW there.

I've received it on my exchange account but I don't care much about it because it's most likely going to end up with worth nothing.

Well, it's also going down if it's the bitcoin cash that you think might be able to survive and compete with the rest of the forks. But yeah, free money is still free and that's what we like to have.

Those who have a lot of it always have the best deal in terms of these airdrops.

Well the Ethereum team has nothing to do with this ETHW coin as far as i know, so i don't think that you can blame Vitalik now just because he updated his coin to a proof of stake consensuns mechanism now. I mean i can understand that people that were mining Ethereum are a bit upset by this switch but to be honest it was clear for at least 2 years now that this switch to PoS will happen. So everyone had enough time to prepare for that event. That ETHW coin is just a attempt by the big mining companies to create an ETH fork that will be used by the people and still runs on PoW. The problem is there is already ETH classic for that. So i don't think that ETHW will have a future.

Offcourse it will be listed on Binance since binance have dozen eth on their wallet and get free from this fork why not selling it since other Cex seems approve with this situation

and yes ethw was dumped so hard when i first check it around $25 and now it only $5 its because people sell their free coin

It doesn't even worth to buy. ETHW was a new fork coin that has no utility like ethereum. You must aware if we have ETC as most reliable fork coin for ethereum. we didn't even need a new one. The miners are so greedy to take money from the crypto buyers.
After ethereum was moving to the POS and then miners are using so many ways to grab money from market. In this case, i would like to call those miners who agreed to issue ETC as scammers.
The price will be going down even deeper as scammers are keep dumping their shitty ethw mined by them, Only stupid people who keep buying that shit.

Binance exchange is always slow when it comes to forks and airdrops, even if the fork is ready they may not open trading instantly, I still have my sologenic on the exchange till date, it seems the project will never open up for trading on binance exchange.

I think that most of the sales are made by large ETH holders who have received ETHW as an airdrop, since most miners have switched to mining other coins, such as ETC and RVN. It is in these networks that we see an increase in hashrate after the Ethereum merger, which increased 4-5 times. This drop is also explained by the fact that there are no people willing to buy ETHW on the market at all.

First of all, it is selling pressure from airdrop receivers who don't believe in future of ETHW.
Secondly, it is hard to believe in a new fork that is only a derivative of The Merge.
Lastly, if they have to choose between Ethereum Classic and ETHW, they would prefer to choose ETC definitely.

I think Binance sheds a good signal by allowing to convert ETHW to BUSD. They are trying to accumulate it for games in future.

but don't worry, if Binance has made an announcement regarding ETH PoW I don't think there will be a problem,
it's just that the distribution will have to take time, and all we have to do as Binance users is of course be patient,
because Binance will not break its promise for distribute ETH PoW to Ethereum Holders.

Since the Ethereum merger, the number of miners in the ETH PoW network has decreased by about 2 times. This is evidenced by the data of the hashrate network. This indicates that miners are abandoning ETHW mining, preferring ETC and RVN, which, on the contrary, have an increased hashrate.

The price of ETHW has dropped from $20 to $6, which is why miners are moving to other coins.
Ethereum Classic ecosystem is very poor
https://ethereumclassic.org/services/apps
This is a big failure in such a long time. ETHW is not supported by most serious projects, so the situation in this ecosystem can be even worse.

It was of course expected someone to build something where a hard fork of eth that continues in the proof of work environment. The ideas behind this will make some people want to be part of it but the reality is that we are not going to see too much of it becoming a reality, it is going to hurt them a little bit.

The reason why is that people who wants to see ETH being a proof of work will end up investing into this, it might have been given free to some people but it will be bought and sold and basically traded which means anyone who buys this for idealistic reasons will end up losing money because not many more will end up buying it forever in the long run, like bitcoin cash.

On which exchanges can it be bought, and what would be the alternatives when first-class smart contracts on a PoW blockchain are needed?

It's already listed on exchange site. https://coinmarketcap.com/currencies/ethereum-pow/ You can find bunch of exchange sites that already traded ethw. There's no need an alternative for that thing. POW are not truly decentralized. that's gimmick. Bitcoin is the only truly decentralized coin.
Ethereum POW dominated by miners through their collution. That was also happening when ethereum was using the old consensus. The token holders got nothing from there.

This is a big opportunity I think for us potentially going forward so Binance now starts the ethereum proof of work mining pool and I think this is huge because Binance is
one of the largest crypto exchanges in the world and if they ultimately ended up adopting this coin as part of their
regular market and trading and stuff like investing would be a huge game changer for this coin.

The term first-class is pretty subjective. It depends on some project goals and needs, so it requires some thorough consideration. While in fact ETHW is designed to not change the PoW consensus, and it's still on hype, but we cannot firmly predict of what the most suitable platform one must choose its cryptocurrency and its longevity.

ETC is also another option, it remains as the unmolested blockchain of Ethereum and do also supports smart contracts. ETH communities couldn't be more separated, but the trends as of now, people won't bat an eye too much on what platform the underlying applications rely on.

Almost major exchanges listed EthereumPoW (ETHW), and i think most probably also Binance will be list ethw, but crypto market is fully bearish, so i think it’s price will drop below 10$, then i will try to buy it. May be big eth holders who get huge tokens in the airdrop they selling in big scale. Whatever, you can buy right now at your own risk.

It is not just the miners supporting Ethereum POW that is keeping them alive but a long list of exchanges have listed them including major ones like Kraken, FTX, Huobi and so on which says a lot about the support they are getting and the daily volume is pretty good which means it will be staying alive just like the ETC fork.

I am yet to move the fork coins, will see how it will performs in the next couple of years and then will make a decision on what to do with it.

Yes, we will get ETHW equivalent to the amount of Ethereum available in our wallet. Of course the ETHW developers have put out a lot of coins to share for free. ETHW was developed by lovers of the PoW version of Ethereum, because the basic Ethereum has changed to the PoS concept. In a short time ETHW wallet addresses have reached more than 254 million.

Yes. They were disappointed with the change of Ethereum from PoW to PoS. Because most of their mining machines can no longer be used. But I can't be sure about this truth, because I'm not mining Ethereum for now.  This is just the information I got in the media.

It's increasing a little bit since the price was bouncing back again to the 10 but this time it's decreasing again to the 9. I guess the price stability has become the main consideration for miners to switch from one coin to the another coin gradually. Miners are feeling worry about volatility in the ethw. That means the hashrate will be also volatile caused by the demand will be going up and down to mine the coin.

A few days ago, Binance launched a pool for mining Ethereum PoW https://www.binance.com/en/support/faq/a19bbb99a54a41cd9d49072d7fa7fd61, after which the hashrate of the network increased by about 30%. Perhaps the next step of the exchange will be listing ETHW on Binance, since such innovations cannot be explained otherwise.

I'm sure Ethw will be a competitive coin in the top ranking, the more support from the developer makes me sure that soon ETHW will rise, but for me what I want to achieve is getting a big profit with Buy and Hold Ethw.

https://defillama.com/protocol/uniwswap
https://uniwswap.com/
This is the largest DeFi project in the Ethereum POW ecosystem with over 1 million TVL
https://app.uniwswap.com/#/swap
Mandatory in every ecosystem, developers need to start a punk project Uniwpunks :)
https://www.uniwpunks.com/
This is very interesting, but I'd rather trade in proven ecosystems.

Many experts believe that ETHW is the next parent of coins, there will be many big surprises in the near future, don't be left behind to buy ETHW immediately, I'm sure the price will continue to skyrocket and can enter the top rankings.

It just means whatever first class is in the reader’s mind. ETHW is just another thing that miners tried to keep alive, and as we all know miners do not have the power to keep something alive all by themselves, they need buyers and investors to keep it alive and why would people who are miners would choose this?

That’s the real question, if non-miners do not pick it, then there is no reason for this to get any attention at all, which in return means it will not grow to be bigger neither. Plus, starting something during bear market means that it could die before it could even get any hype, since there isn't any decent money in the crypto world these days.

Did you believe those who you called them as experts? parent coins? what a crap. It's obviously a fork scam coin from miners. There's no reason for ethw to enter into the top ranking. This will become another shit scam bitcoin fork coin for sure that will be dumped with the goes of time caused by ethw has no utility to be used by the users. it's a crap coin for sure. I don't even think if that will exist at least for 2 years from now

Unfortunately, up to now, ETHW has not been traded on Binance, even though there have been many exchanges that have opened ETHW trading,
such as FTX, Huobi, Kraken and Kucoin, of course, there are many more, there is no recent news regarding ETHW on Binance,
i think Binance really prepare the ETHW network carefully before opening.

The question is: Will it be worth exposing your private key just to "redeem" the airdropped coins? The ETHW cryptocurrency has a very low market price, so it wouldn't be worth risking your ETH private key just to get some "free coins" on the other chain. This new fork was created so miners could fill their pockets with money. But it won't have a future, simply because it hasn't attracted mainstream developers' attention.

I'd say ETC has a better chance for survival because of its proven track record of development and innovation (even though it doesn't have almost any dApps or tokens on it). People are free to choose which coin to mine, so as long as there's hashrate behind the ETHW chain, the project won't be going anywhere. Just my thoughts ;D

Exchanges like us, each will have different investment strategies. The fact that binance is in no rush to open trades for ETHW is a good thing in my opinion and I am still holding ETHW until binance gets into the game. Currently ETHW has not received too much attention other than that the recipients of the free airdrop are all dumping to make a profit, so opening a trade now is not too different. Personally I think ETHW will perform better and worth the investment than ETC so no need to despair or rush right now, just be patient and wait for the upcoming developments as bitcoin pulls the market back up.

Nope.  None whatsoever.  The way I see it, it's pure opportunism on the part of whoever *developed* ETHW, and the asterisks around that word are because there wasn't any development at all; ETHW is just a clone, and in case nobody noticed or forgot, we have this little old coin called ETC.  Miners can still mine that one, though right now it's not profitable.  But in terms of functionality since ETC exists there's no reason for ETHW to.

Don't lose hope, GPU miners!  Everything is looking bleak right now, but we're still in an adjustment phase after ETH switched to POS, and nobody knows where they should put their hash power at or if they should simply put all those expensive graphics cards back in the bubble wrap.  Something is going to come along and make it possible to turn a profit, whether it's with a 4GB or 6+GB card.  I couldn't say when that something is going to arrive, but I've got faith that it will.

When it is not yet popular, many are doubtful, but if they are popular, they say they are too late and hope to buy at a cheap price, I don't want to be left behind for investment coins who according to many experts will skyrocket in the near future.

The future of ETHW remains very uncertain as it was born during bear season and opportunities often come from uncertainties. I'm not saying ETHW has a future or fails but looking at its current events I think it will have some shark pumping and then maybe start to sink into oblivion like ETC. Currently, all exchanges have listed ETHW but binance has not announced the listing yet but they have announced to open ETHW mining pool with zero fees. According to my prediction, binance is calculating something, just once they announce the listing of ETHW will be a very good opportunity to take profits if you buy ETHW from now on. I also have some ETHW from the airdrop and still not sold, I am still waiting for news from binance.

My point is any project/platform is dependable on which blockchain they are going to build, surely each project have its own goals and consideration. Choosing which blockchain they are going to deploy the project is one of the considerations. So I believe it depends on the overall goals of the project, which is subjective.

Now, Ethereum communities are divided into 3 sections, generally. ETC, ETH, and ETHW. To fully answer the question, if PoW consensus is required, ETC is a better choice than ETHW.

I believe that miners will not be able to keep this high for a long time because they will eventually have to sell this coin to pay for the bills. I mean consider how much it cost to mine something, you are going to end up losing a lot of money due to the fact that electricity is required to mine, and if it keeps going like this there will be a lot to mine and there will be a lot of people who will sell to pay those bills and the price will crash.

They can hold out as long as they possibly could, but when the debt grows too big, they will be forced to do it one way or another and there is no way to avoid it, so the price will crash eventually, don't know when but it will happen.

Mining can also be scaled down. This depends on how fast the difficulty is expected to adapt. But preparing for this is exactly what must be kept in mind when forking, considering that difficulty issues are the exact one thing that is certain to happen.

ETC and ETHW now look like dead blockchains. ETC hasn't made much progress since the hard fork
https://defillama.com/chain/EthereumClassic
Do you believe in the success of ETHW without a development team? Or do you need a team of copywriters who will copy defi projects from the Ethereum ecosystem?

I will not be buying ETHW, it is possible that the coin will pump in future but that will depends on how Ethereum will perform in future, now this will play out like ETC and BTC forks but as time goes on ETHW can die a painful death, if you must invest make sure you invest only what you can afford to lose.

Sadly, that seems to be the case with forked coins. The original projects are the ones that are kept afloat, while the "copycats" (in this case, the forks) are left behind in the dust. Consider how Bitcoin Cash, Bitcoin SV, and several other Bitcoin forks have turned out to be a huge failure due to lack of interest among investors and traders alike. Both ETC and ETHW are not exempt from having the same fate as the coins mentioned earlier.

I think forks are only created to enrich miners and holders of the cryptocurrency. No one is going to take forked projects seriously unless developers start building dApps and services on them. At least, everything is open sourced these days. If both ETC and ETHW fail, there's nothing stopping you from creating a new fork to keep alive PoW consensus on ETH. Who knows if ETHW won't last for long? Just my thoughts ;D

ETHW does need some developers who will start looking into the codes and bridge the ERC tokens to ETHW. If this isn't happening, the fork will just end just like ETC.

Most forks ended the same way with fewer people in the community. At the end of the day, the winning force still is ETH for on top of it are thousands of projects.

If ETC is lively and has good trading price on market, it's good for ETHW if it is moving onward similar to ETC.

However, I agree that fork project must have more developments in order to be lively and catch more attention and capital from investors. Bridge is risky at least with current bridging technologies. If ETHW team are not careful, bridging can cause so many risk and attacks on ETHW that would be death call for the newborn fork.

ETHW is always interesting, I'm sure one day ETHW can be ranked in the top 25, the best thing right now is to focus on buying, I'm sure this year ETHW will be available on other top exchanges like Binance, Coinbase, etc.

that's a good decision maye. Buying ethw is just wasting your money. There are so many forks exist in the market. That will make so hard to pick which was the legit coin. ETHW will become the same like so many bitcoin fork coins that will die at the end of journey. People will not buy that coin for the future holding. this coin was actually bs

It can be said that most of the previous forks of bitcoin ended the same and failed but here is the difference with ETHW, ETH has completely moved to POS and we know that miners won't have too many options, unlike bitcoin. So, at the moment, it is difficult to say whether the future of ETHW will be like the other forks or there will be massive growth. We are still in the bearish season so it is safe to say that we cannot confirm anything ETHW or ETC but the risk when investing in fork is always high so still only invest with the amount you can lose.

I don't think developers will join ETHW simply because they have no reason to. The PoS ETH chain has the biggest userbase in the crypto/Blockchain space, so developers will "stick" onto it for a little while. PoW-based forks of ETH are just created as a means to enrich miners and their "hodlers". But they really have no substance behind them. Just like Bitcoin Cash, Bitcoin SV, and eCash (formerly known as Bitcoin Cash ABC) turned out to be a failure, the same will happen with ETHW within the not-so-distant future.

There are better options out there on the market with active development and innovative features. Instead of choosing ETW, you can choose ETC which is the original ETH chain going strong since 2016. It hasn't attracted developers into its platform yet, but it's a tried-and-tested blockchain network that's built to last. Ultimately, the market will decide which coin will stay and which will fade away into oblivion. As long as you don't invest more than what you can't afford to lose, there should be nothing to worry about. Just my thoughts ;D

We can not expect too many developers join ETHW and I know many Proof of Work altcoins even don't have active developments from developers. Especially altcoins from years ago like Cryptonight algorithm coins. Their networks still run by miners but it is super hard to see any updates from their developers about anything new. Many of them even don't have any tweet after many months. They are like walking deads and only wait for each altcoin season to join the wave and rise then dump again.

I totally agree with you that Ethereum Classic ETC is better than ETHW because it has been tested by market and at least we know they actually have some sort of developments after many years. We don't know what will happen with ETHW in development and on market.

You are also right about don't invest if you don't afford to lose it. It is more than right with new coin like ETHW.

I am aware even before the Merge that there will probably be an Ethereum hard fork that would continue with its Proof of Work system. But what I'm more interested about is whether this ETHW will grow big in the future or not. I am also aware that there are those who are saying that ETHW is unnecessary and redundant because Ethereum Classic (ETC) is already the PoW version of Ethereum. So why should there be another PoW Ethereum?

So will this ETHW that is currently valued at $6 grow big in the future?

Exactly. We didn't need another PoW fork of Ethereum since we've already had both ETC and Expanse. In fact, Expanse was the first ETH fork that started it all. Ethereum Classic was created at a later time when most community members were dissatisfied with ETH's decision to roll back the Blockchain because of the DAO hack. As I've said many times already, ETHW was only created as a means to enrich both the developers and miners. It has no future simply because it has no substance to it.

Why would developers want to build on a PoW version of Ethereum that's redundant? There are far better options on the market with innovative features and a solid foundation built upon them. No one knows what the future holds for crypto, so either ETHW dies or keeps "pumping" for a little while. Just my thoughts ;D

These forks have solid reasons behind how it were forked but we can not prevent other forks when there are big upgrades and community did not reach to a consensus. Or even a consensus is reached, there are still people want to fork it and exploit the fork in order to get richer.

Time will prove these forks are useless and very little developments for those forks. However, at beginning and early months after a fork, there will be hype and manipulation to make the wise, the whales richer.

After the merger, the decentralization of Ethereum is under a very big question. You don’t have to worry about the future of the Ethereum ecosystem, but the community needs other ecosystems to safely store their assets.

Well I guess there is also politics inside Ethereum, just like when Bitcoin has this kind of fork way back in 2017 and then we have a lot of forks that come after that. Nevertheless it's obvious that we don't need another one just like in Ethereum. But there could be some entity that are going to push with this ETHW for as long as they can. They are the minority so who knows how long they are going to survived and fight it out with ETC and ETH itself.


It went as high as 140$, so there is a huge 90%++ decline already. Again, it's just a matter of time if the project will survived this bear market. If it did then maybe it will be hard pump again in the future and in the bull run. But for us, it's too risky, we've rather invest on ETH or any other solid coins for that matter.

This may be probably true. Either way, the real Ethereum is the Ethereum classic. It is the real network that was never forked and kept all the real records, including the DAO event. Its POW as well and the community behind has no intentions of changing to POS. It also has a lot of projets growing on its ecosystem, so ETC may be the best option to counter ETh

You're right about that. But people don't care which is the real Ethereum or which one is the "copycat". What they care about is which chain has the most dApps, tokens, and services behind it for a great user experience. Despite ETC being 6 years old, there hasn't been any kind of innovation that would help bring the masses into it. What developers have only achieved is "diffusing" the difficulty bomb to make ETC a PoW blockchain forever. But that still hasn't attracted other developers to build dApps on its platform.

Without quality dApps and/or tokens, how would you expect ETC's price to go all the way to the moon? It's all about utility in order to keep demand at its highest. At least, we all know ETC won't go away that easily because of its established presence in the crypto/Blockchain space. ETHW, on the other hand, will die quickly because of the lack of a solid foundation behind it. The cryptocurrency was only created to enrich miners and developers without focusing on its utility. Why would you want another PoW ETH-based chain when you already have ETC? Ultimately, the market will decide which coins will stay and which coins will become history. As long as decentralization wins, there should be nothing to worry about. Just my opinion :)

After Vitalik and the core team members left after the DAO fork, the initial coin, Ethereum Classic ETC is like a dead coin. Lack of developments and innovations are reasons ETC has very low price. At least it does not dead but it is not a good coin in eyes of investors who are seriously with their capital.

Without enough developments, we can not expect about innovations from ETC. Without innovations, it is hard to see price growth because the value of ETC does not rise without innovation from ETC team.

People invested in ETC just because they hope ETC will move together with ETH. ETH is a leader and can lift ETC up after ETH has its bull run. ETC is like a parasite on ETH in the market and you are right too that miners left from ETH to ETC can be another reason people still believe that ETC will have other bull runs.

After ETH The Merge, ETC network becomes bigger and stronger. It has bigger communities and ETC enthusiasts believe that the game for ETC will be bigger as well.

People believed ETC to remain a viable alternative to the ETH blockchain with its focus on decentralization and censorship-resistance. While the chain hasn't died yet, it lacks many of the dApps, tokens, and services which makes ETH so good. Without this, we can't expect mainstream adoption for ETC to rise anytime soon. ETC is only useful as a sort of speculative investment, that could either rise up or go down in price depending on crypto market conditions.

If there's a lot of hype, you can bet ETC will soar like crazy even though it lacks utility compared to other coins. Otherwise, prices will stall or go lower than what they are right now. Bitcoin is the main mover of the market, so a bullish BTC would surely drive ETC all the way to the moon. Who knows how long will ETC last? Just my thoughts ;D

Considering the cost of the former Ethereum mining which is estimated at about $19 billion, it will be a huge waste of resources,as a result some miners and prominent personalities are in support of continuing ETHW (https://coinmarketcap.com/currencies/ethereum-pow/). Further, Ethereum is mined with dedicated GPUs, miners cannot just switch to Bitcoin, which is mined with ASICs. While ETHW will continue to be mined, the question is, will it have enough use cases to make it grow like ETH? However, I think we  have to observe as things unfold - currently, ETHW is backed by Poloniex, Justin Sun, founder of Tron, and Chandler Guo, a notable ETH miner and already listed in numerous exchanges (https://coinmarketcap.com/currencies/ethereum-pow/markets/).

Is it because ETHW proponents want to move forward with the balances on the ETH blockchain just before ETH moved to PoS?