Ethereum has just accomplished its aim to switch the mechanism of the network from the Proof-of-work to the Proof-of-Stake. Yes! Long-delayed merge of Beacon Chain and ETH Chain is now completed. But the question arises what should we do if we were involved in Ethereum mining? And, it stems from the fact that, as per the ETH platforms’ announcement, the mining platform of ETH, Ethermine is going to be closed soon in Sep 2023.

Well! There is nothing to worry about it as ETH will also continue rewarding all the miners as well. In addition to this, if they are interested in staking, ETH has already launched an Ethereum Staking platform to facilitate investors and miners with staking services. In this read, we will discuss the process of Ethermine and Ethermine Staking in detail, come along with me.

First thing first, what is Ethermine?

Ethermine is a platform that serves as a mining pool and its users to mine their tokens such as Ether, ZCash, and Ergo. The prominence of this platform could be interpreted by looking at its huge user base which has more than 222, 657 active miners. However, after opting for the staking, the ETH network is about the end its mining services and is all set to convert its miners to stakers. However, miners can still mine other mining-supported tokens such as Ergo and Ravencoin but it is not so profitable.

If the miners decided to be the ETH stakers, they will be known as validators. The expected APR that could be earned after staking is at least 5.3% to 7.3% as well as you can make more predictable returns by running more than one validator and joining the staking pool. The transition of the PoW model to the PoS model enables its users to begin staking with 0.1 ETH using the Ethermine staking service, offering users to make the best out of their stakes.

Let’s understand the Ethermine sign up process

As I have already driven this point home that Ethermine is going to shut down its Ethermine platform on September 30, 2023. And, it has already ended the mining services, so we cannot register on the Ethermine platform.

Previously, the Ethermine platform was used to allow us to sign up by clicking the “Start Mining” button but now there is a “Start Staking” button on the home page. By clicking on it you will be landed on the Ethpool platform that enables you to perform solo staking.

But, if you are already an Ethermine user, you can simply attain access to it. All you need to do is open the “Staking Ethermine” platform and there you’ll see a “Login” button. By filling in the login details, you would be able to get the access to Ethermine platform and now you can withdraw your assets.

Closing Thought!

Ethermine Explorer allows you to stake with two platforms- Ethermine staking and Ethpool. Ethermine staking also provides a chance for miners to become a validator by staking their mined ETHs. This platform permits its users to run multiple validators and to stake with a minimum of 0.1 ETH only. Whereas, Ethpool is a solo staking platform that allows the stakers to run their own validator only by staking 32 ETHs. So, the era of the complex and slow mining process with the Ethermine platform is about to be over now, and staking with Ethermine staking and Ethpool is all the rage due to the enhanced scalability, speed, efficiency, and security of the network. So, Why Wait? Start ETH Staking!!