The largest Ether mining pool, Ethermine is now offering a new service to its members which will allow them to stake their ETH collectively at an interest rate of 4.43% annually. The entry requirement is .1 ETH or about $2159 at the time of writing.
Scheduled for September 15, the Merge is preceded by this new service from Ethereum’s largest mining pool comes in the addition of a new staking people that users can take advantage of with as little as 0.1 ETH.
With this new service, users will be able to collectively stake ETH while earning 4.43% interest along with their deposits. The caveat, a smaller holding will incur a higher fee.
As it stands, 393 Ether totalling a rough $626,000 has been dumped into Ethermine’s new staking pool. This is a significant staking pool which offers a competitive interest rate with a very low barrier of entry at only 0.1 ETH.
Ethermine is a multi-currency mining pool allowing users to mine ETC, BEAM, RVN, ERGO, as well as ETH and Zcash. ETH mining will however be discarded in the near future, post merge.
With 22657 miners on Ethermine, these users will be able to mine Ethereum Classic (ETC), Ravencoin (RVN), Ergo (ERGO), and Beam (BEAM).
Ethereum has come to the end of its mining days as it shifts from its original PoW consensus model to a PoS.