What Is EthereumPoW (ETHW) and How Does It Work?
EthereumPoW (ETHW) is a blockchain network created in September 2022 as a fork of
Ethereum following The Merge, when Ethereum transitioned from
Proof-of-Work (PoW) to
Proof-of-Stake (PoS). EthereumPoW preserves Ethereum’s original PoW consensus model, allowing miners to continue validating transactions using computational power rather than
staking. ETHW is the native token used to pay transaction fees and reward miners on the network.
EthereumPoW works by maintaining a separate blockchain that shares Ethereum’s history up to the fork but then evolves independently. It remains compatible with the Ethereum Virtual Machine (EVM), meaning many existing Ethereum smart contracts and tools can theoretically run on ETHW with minimal changes. Transactions are grouped into blocks by miners, who compete to solve cryptographic puzzles and earn ETHW rewards for securing the network.
In practice, EthereumPoW positions itself as a PoW-based alternative for users and miners who prefer the traditional mining model over staking. The network relies on community-driven development rather than a centralized foundation, with progress influenced by miners, node operators, and ecosystem participants. ETHW is primarily used for
on-chain transactions, mining incentives, and trading activity, with its value largely driven by market demand and speculative interest rather than an extensive DeFi or dApp ecosystem.
When Did EthereumPoW Launch?
EthereumPoW (ETHW) launched in September 2022, immediately following Ethereum’s historic transition from Proof-of-Work to Proof-of-Stake, known as The Merge. EthereumPoW emerged as a community-driven hard fork designed to preserve Ethereum’s original PoW mining model for miners and users who opposed or could not participate in staking.
The project did not launch with a traditional founding company or formal leadership team; instead, it was coordinated by a group of miners, developers, and ecosystem participants who supported continuing PoW-based Ethereum infrastructure. ETHW inherited Ethereum’s full on-chain history up to the fork, after which it began operating as an independent blockchain with its own native token and mining rewards.
EthereumPoW Roadmap Highlights
Unlike Ethereum, EthereumPoW does not follow a rigid, foundation-driven roadmap, with development priorities shaped largely by community consensus and market participation.
- Preserve and stabilize a Proof-of-Work Ethereum-compatible network
- Maintain EVM compatibility for smart contracts and tooling
- Support miners and PoW infrastructure post-Merge
- Improve network security, node stability, and chain parameters
- Encourage ecosystem tooling such as wallets, explorers, and bridges
- Gradual optimization of mining economics and difficulty adjustments
What Is the ETHW Token Used for?
The ETHW token is the native utility asset of the EthereumPoW network. It is used to pay transaction (gas) fees, reward miners for securing the network through Proof-of-Work, and facilitate on-chain transfers and smart-contract interactions. ETHW also functions as the core economic incentive that keeps the network operational, with its value driven by market demand, mining activity, and trading liquidity rather than protocol staking or governance.
You can trade ETHW on BingX by depositing funds, navigating to the
ETHW/USDT trading pair on the
spot market, and placing
market or limit orders. BingX offers real-time price charts, deep liquidity, and a user-friendly interface, making it easy to buy or sell ETHW efficiently.
What Is EthereumPoW Tokenomics?
EthereumPoW (ETHW) tokenomics follow a Proof-of-Work–based, miner-driven economic model that closely mirrors pre-Merge Ethereum rather than modern PoS token designs. ETHW does not have a fixed maximum supply. Instead, new ETHW tokens are issued through block rewards to miners, who secure the network by validating transactions and producing blocks. This inflationary issuance model is designed to sustain mining incentives and network security over time.
ETHW inherits Ethereum’s original supply state at the time of the fork in September 2022, after which issuance continued independently on the EthereumPoW chain. There are no staking rewards, venture allocations, or foundation-controlled token distributions, as ETHW did not conduct an ICO or token sale. Token supply growth is determined by mining rewards and network activity, while ETHW’s market value is primarily influenced by trading demand, miner participation, and broader crypto market conditions rather than protocol-level yield or governance incentives.
How to Mine ETHW Coins on EthereumPoW
To mine ETHW coins on the EthereumPoW network, you use a traditional Proof-of-Work (PoW) setup similar to pre-Merge Ethereum mining.
First, set up a compatible wallet that supports ETHW so you can receive mining rewards. Most miners use
Ethereum-compatible wallets like
MetaMask configured with the EthereumPoW network parameters. Once your wallet is ready, choose appropriate mining hardware, typically GPUs, as ETHW uses an Ethash-based algorithm optimized for GPU mining rather than CPUs.
Next, install ETHW-compatible mining software and connect it to an active EthereumPoW mining pool. Mining pools combine computational power from multiple miners to increase the chances of earning consistent rewards, which are then distributed proportionally based on contributed hash power. You configure the miner with the pool’s address, your ETHW wallet address, and basic performance settings before starting the mining process.
Finally, as your miner runs, it validates transactions and helps secure the EthereumPoW blockchain. In return, you earn ETHW from block rewards and transaction fees, paid out by the mining pool according to its payout schedule. Mining profitability depends on factors such as hash rate, electricity costs, network difficulty, and the market price of ETHW, so miners typically monitor these metrics closely to manage risk and efficiency.
How to Store ETHW Tokens Securely
The easiest way to store ETHW tokens securely is by keeping them on BingX, which offers a custodial storage option integrated directly with trading features. By holding ETHW on BingX, you benefit from exchange-level security measures such as account protection tools, risk controls, and instant access to spot trading without the need to manage private keys. This option is well suited for active traders who want convenience, liquidity, and fast execution in one place.
For users who prefer
self-custody, ETHW can also be stored in Ethereum-compatible wallets that support the EthereumPoW network. These wallets allow you to add the EthereumPoW network manually and maintain full control over your private keys. While self-custody offers greater ownership and independence, it also requires careful key management and security practices, as you are solely responsible for safeguarding your funds.
Is EthereumPoW (ETHW) a Good Investment?
EthereumPoW (ETHW) can be an attractive investment for traders who see value in Proof-of-Work–based networks and mining-driven economics. As a PoW fork of Ethereum, ETHW benefits from EVM compatibility, an established mining ecosystem, and continued relevance among miners who prefer computational security over staking. Its price action is often driven by market cycles, speculative interest, and PoW-related narratives, which can create short-term trading opportunities.
While ETHW does not rely on staking yields or aggressive token incentives, its scarcity dynamics are influenced by mining costs and network participation, making it appealing to investors who believe PoW assets will retain long-term demand alongside Proof-of-Stake networks.