On the same day that Ethereum successfully transformed into a proof-of-stake network, its hard fork with a proof-of-work consensus mechanism, ETHPoW, launched as well. However, the launch of the mining-centric network didn’t go without issues.
Namely, many users encountered issues when trying to access it. ETHPoW developers erroneously chose to use the same chain ID for its mainnet as a Bitcoin Cash testnet, leading to connectivity problems.
Ironically, ETHPoW’s chain ID, which is used to identify a specific network and its on-chain assets, was seen as a potential source of trouble if not changed from the one Ethereum uses. However, no one could anticipate that ETHPoW developers would settle on the one that’s already in use.
According to CoinMarketCap, hours before ETHPoW’s launch, its price rose by some 70%, to $60. Currently, it’s trading at $12.84. A bumpy start of the new chapter of ETH miners’ career.
Crypto Ping Pong Digest
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