Dear ViaBTC users,
According to the Ethereum project's official news, the ETH mainnet will initiate a merger when the total terminal difficulty (TTD) reaches 58,750,000,000,000,000,000,000,000,000 (estimated time: September 15, 2022), when the consensus mechanism will shift from Proof of Work (PoW) to Proof of Stake (PoS). This upgrade is the most significant change since the start of the Ethereum project.
In response, ViaBTC will stop the PoW mining service and profit calculation of ETH, when the TTD reaches a set threshold. Meanwhile, ViaBTC will continue to keep your ETH assets safe, and the following services will remain available for all users:
ETH deposit, withdrawal, conversion and other asset management functions.
ETH financial services, including hedging and loan.
ETH auto-withdrawal service is no longer supported, but you can withdraw manually.
Hedging service is no longer supported for opening/adding new positions, but existing positions will not be affected.
If you want to continue PoW mining, it is recommended that you access the ETC mining pool. ViaBTC will continue to provide you with a secure, stable, open and transparent one-stop mining service.
ETC mining address: stratum+tcp://mining.viabtc.io:3010 (you can also use port 310)
ETC mining tutorial: https://support.viabtc.com/hc/articles/900004642723
Reference: Official instructions for ETH network merging: https://blog.ethereum.org/2022/08/24/mainnet-merge-announcement
At the same time, ViaBTC will pay close attention to potential forking events. Should ETH upgrade lead to any new forks, you will be notified in the follow-up announcement, including but not limited to new asset incentives, withdrawals and other issues involving forked coins, etc.
Thank you for your support and trust in ViaBTC!
Sept 2, 2022