We use cookies. This helps us run our website and give you a better experience. By using our site, you agree to our cookie policy.

Useful Tips

View all
Farewell to ETH

Poetic Ending of Ethereum Mining Era

On September 15 the biggest event in the blockchain world happened. The Merge, a new development phase of the Ethereum ecosystem, was completed. The network switched from the PoW (Proof of Work) algorithm to the PoS (Proof of Stake) algorithm. This means that ETH mining is over for good — now the cryptocurrency is only available for staking.

The Merge happened without the network shutting down and after a few weeks, we can see that the gas price has remained low while Ethereum continues to work as usual.

It is time to welcome the new stage of development! That is why we want to remind you of how the Ethereum mining we are all accustomed to has ended. The network user paid 30 ETH (about $50,000 USD) to perform the last transaction. With the last PoW block, an NFT was published.

The token contains an image and a signature:

“You make the commitment and nature will respond to that commitment by removing impossible obstacles. Dream the impossible dream and the world will not grind you under, it will lift you up. This is the trick”.

A great farewell to the whole century in the history of the crypto industry!

Published: 30.09.2022

Recently Added

Prepare for the festive season!
USEFUL TIPS

Prepare for the festive season!

Over the past few months, our community has been through some unique adventures! But now it's time for the coziest of celebrations. Get ready for the festive season as it will begin on Monday!
Giveaway: 13 prizes for 13 Candy Seekers!
USEFUL TIPS

Giveaway: 13 prizes for 13 Candy Seekers!

It's time for a final recap of the Halloween festivities. What an adventure it's been! We stormed the grim castle and taught the Count a lesson!
Black Friday in Wonderland!
USEFUL TIPS

Black Friday in Wonderland!

Crypto for every purchase… Crypto for every new referral… Crypto for every purchase of every referral… And free mining on top! This year we celebrate Black Friday in Wonderland!
Scroll to top