[ETHEREUM 2.0 - practical tips]The Merge, which is invariably planned for the area in mid-September, is approaching fast. Below is a list of practical tips on how to proceed before the merge.
- Hodl $ ETH #ETH.
- It is not required to sell Ethereum 1.0 and purchase of new Ethereum 2.0 coins - migration from ETH 1.0 to ETH 2.0 will be automatic.
- Order ETH withdrawal from cryptocurrency exchanges - to be 100% sure that the migration process will be successful, it will be safest to store ETH in your wallet. Each exchange can adopt its policy of behavior in time of the merge and it depends on it how it approaches the topic.
- We recommend storing ETH in native MEW (My Ether Wallet) or MetaMask wallets.
- Swap your tokens and go back to ETH.
- Withdraw ETH from DeFi platforms, lending platforms and other ETH bridget related sites.
Practical mining tips after activating The Merge:
- When mining on the Zetpool, the rigs will automatically be redirected to mining Ethereum Classic. All you need to check is your wallet; on MEW or MetaMask native wallets, the addresses are shared for ETH and ETC. In other words, if you store your coins on MEW or MetaMask, The Merge will de facto be fully automatic for you.
- Ethereum Classic will be our safe haven, it is the largest, most recognizable currency with a wide portfolio of cryptocurrency exchanges. At the same time, the ETC algorithm is very similar to ETH, therefore the extraction itself will look almost identical.
- We are opening a new mining pool for the ERGO currency, more details in the next entries.
- We are closely monitoring the trends, and if another currency appears that will ensure better profitability of mining, we will move the machines there.