What is Ethereum (ETH)?

Ethereum is a decentralized blockchain with smart contract functionality. Ether ( Abbreviation: ETH; [a] sign: Ξ) is the native cryptocurrency of the platform. Among cryptocurrencies, ether is second only to bitcoin in market capitalization. It is open-source software . Ethereum was conceived in 2013 by programmer Vitalik Buterin.

Is ethermine going anywhere?

Ethermine isn't going anywhere, however, just because Ethereum has transitioned into a PoS model. The platform has made the transition alongside the Ethereum network. Its new ETH staking service will enable users to collectively stake and earn interest on 0.1 ETH and above through the platform.

What are the benefits of using ethermine?

A benefit of using one of the larger Ethereum mining pools, such as Ethermine, is that you’ll have a higher success rate. This mining pool is responsible for 22% of the Ethereum network's hash rate. It only charges a 1% fee on mining rewards, and the platform is available on both desktop and mobile.

Why did ethermine shut down ETH mining?

Because Ethereum has long had the aim to switch to a proof of stake (PoS) consensus from its previous proof of work (PoW) model, the closure of Ethereum mining pools is inevitable. Now that The Merge has been completed, Ethermine has shut down its ETH mining service.