March 25, 2023

Crypto mining pool AntPool said it would no longer manage ethereum accounts after the merger and asked customers to provide their private ETH addresses.

Antpool is in blog post Titled “ETH Maintenance Change Notice”. According to the mining pool, ETH 2.0 “comes with the risk of censorship in different countries.”

For the safety of customers, the mining pool decides not to maintain ETH assets on the POS chain. Users have until September 3rd to provide an ETH wallet address to receive their ETH assets in the pool.

Operated by Bitmain on Ethereum, AntPool is a mining pool where several people combine processing power and computing resources to mine Ethereum.

AntPool maintains PoW support

At the same time, AntPool also expressed its support for Proof of Work (PoW) in a blog post. It said it will continue to offer an Ethash mining pool service for those who want to mine Ethash tokens such as Ethereum Classic (ETC).

The move is not surprising considering the network recently committed $10 million to ETC’s ecosystem development.

The company also expressed support for other PoW tokens and decentralized PoW consensus. “AntPool has been working on the development and maintenance of the PoW ecosystem,” the post concluded.

Ethereum’s Censorship Issues

Concerns about censorship in Ethereum have risen since the U.S. OFAC’s decision to sanction Tornado Cash. Several analysts noted that the migration of blockchain networks to proof-of-stake consensus mechanisms could further make them vulnerable to scrutiny.

Since about 60% of the validators on the network are controlled by US-based staking providers, many believe the government can force these centralized providers to censor transactions.

Meanwhile, Coinbase CEO Brian Armstrong said the exchange would rather withdraw ETH staking than censor transactions on the network. However, there are still concerns within the community about what such regulatory requirements might mean for the industry.

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