Ethereum POW - ETHW

[zasad@]

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%...

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.

[1714713038]

1714713038

[el kaka22]

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.

[zeuner]

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

[Iyeman]

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.

[Editbar]

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.

[vv181]

what would be the alternatives when first-class smart contracts on a PoW blockchain are needed?

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.

[mdzahed134]

There have been many exchanges that have listed ETHW, but I see the price for now is quite good to buy.
It's just a matter of time ETHW will get attention and maybe if the market improves the price will increase rapidly.

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.

[eaLiTy]

~
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.

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.

[Anonymous100]

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

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.

[Lantind]

ETHW was developed by lovers of the PoW

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.

[bitkanu]

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%...

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.

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.

[tvplus006]

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.

[Joshapat]

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.

[zasad@]

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.

[Bitcoin2009]

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.

[RealMalatesta]

what would be the alternatives when first-class smart contracts on a PoW blockchain are needed?

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.

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.

[WalkerIVIV]

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.

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

[judaspriest]

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.

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.

Good news for ETH holders in Binance, this will make Ethw more popular, I'm sure after this news, many users will save Eth in Binance Wallet, and things like this are common in Binance, until now I have got a lot of coins or free token from binance.

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.

[Abiky]

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.

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

[Maidak]

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.

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.

Good news for ETH holders in Binance, this will make Ethw more popular, I'm sure after this news, many users will save Eth in Binance Wallet, and things like this are common in Binance, until now I have got a lot of coins or free token from binance.

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.

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.