Binance Launches Mining Pool For EthereumPoW, ETHW Price Soars

The Ethereum proof-of-work (ETHW) mining pool was launched by The world’s largest crypto exchange Binance. Following the news, the price of EthereumPoW (ETHW) soared by more than 15%, reaching a 24-hour high of $12.71.

In order to encourage ETHW mining on the Ethereum Proof-of-Work (ETHW) mining pool, Binance Pool has also announced free pool fees. From September 29 to October 29 at 10:00 UTC, all users can mine ETHW tokens for no pool fees. Additionally, the cryptocurrency exchange only permits ETHW withdrawals. A company policy prevents access to ETHW deposits. On the Binance Convert service, users can sell ETHW for BUSD or USDT.