Ethereum PoW, or ETHW, is a hard fork of the Ethereum blockchain with "The Merge". But what is the prediction for the native token's price?

[Ethereum](/news/article/ethereum-price-in-uk) is a leading blockchain platform widely known for its native ether (ETH), the second-largest cryptocurrency in the market. It is a key player in the decentralised finance ([DeFi](/news/article/what-is-a-defi-token)) space, enabling users to create decentralised applications (DApps) with native tokens.

It was founded in 2013 by Vitalik Buterin, who pioneered smart contracts computer programs that automatically execute when certain conditions are met. These smart contracts have been beneficial for the Ethereum platform and have been adopted by many other blockchains. 

It previously operated on a Proof-of-Work (PoW) consensus mechanism, similar to [Bitcoin](/news/article/bitcoin-bull-or-bubble-debate). This relies on miners to solve complex mathematical equations to add blocks to the blockchain, earning rewards in return.

## Problems that led to the birth of Ethereum PoW(ETHW)

The PoW consensus mechanism used by [Ethereum](/news/article/why-is-ethereum-going-down) had two main drawbacks.

First, it required a vast amount of computing power, making it both costly and not very eco-friendly.

Second, the mechanism resulted in slower transaction speeds, leading to higher transaction costs, known as gas fees. Bitcoin did not face this issue as it only performs one function. With Ethereum's multiple functions, transactions on the blockchain were slower.

## The birth of Ethereum PoW (ETHW)

To address the challenges of PoW, Ethereum decided to adopt a Proof-of-Stake (PoS) consensus mechanism. Under this system, individuals are chosen to add blocks to the blockchain based on the amount of the native token they hold, in this case, Ether (ETH). This new mechanism requires less electricity, making it more environmentally friendly and appealing to investors. Additionally, it results in faster transactions and lower gas fees.

In December 2020, Ethereum announced that it would be transitioning to a PoS consensus mechanism, known as "[The Merge](/news/article/the-merge-ethereum-nft-impact)", which took place on 15 September, 2022. However, this transition harmed the blockchain's miners, as they were no longer needed and lost their supplemental income.

As a result, a group of anonymous miners established a version of Ethereum based on the original pre-Merge blockchain. This version is called Ethereum Proof-of-Work (ETH PoW). It allows people to continue earning rewards by adding blocks to the blockchain traditionally while utilising the same features as the original Ethereum. The mainnet of this Ethereum fork came online on 15 September, 2022, following The Merge.

Like any blockchain, Ethereum PoW has a native coin. ETHW is used to pay miners and can be bought, sold, or traded on cryptocurrency exchanges.

## ETHW price history

Ethereum Proof-of-Work (ETHW) was officially launched on 15 September, 2022, and reached an all-time high of $141.36 on CoinMarketCap on 8 August, 2022. The value dropped to below $100 the following day. The prices continued to decline over the next few weeks, and by the end of the month, the value of ETHW was $49.58.

As the Merge approached, the ETHW price peaked at $63.29 on 3 September, but fell to a low of $27.03 on 9 September. 

After the launch, there was some growth, and the coin reached a post-Merge high of $14.42 on 16 September. However, it faced a replay message attack which caused the price to drop to a post-Merge low of $4.22 on 19 September. The coin recovered and reached $13.78 on 24 September. It remained above $10 for the next week but fell again, reaching a low of $6.59 on 13 October before recovering to $7.66 the next day.

The collapse of the [FTX](/news/article/is-crypto-dead) exchange into bankruptcy had a negative impact on the market and ETHW, as the coin reached an all-time low of $3.13 on 22 November, with a small attempt at recovery in the following week. On 1 December, 2022, it was trading at $3.60 with a market cap of around $387.5 million, making it the 79th largest cryptocurrency.

## Ethereum PoW current price

As of the time of writing, Ethereum PoW is trading at USD 3.95 with a 24-hour trading volume of $1,83,52,256. 

Ethereum PoW is down 4.54% in the last 24 hours. It is ranked 83 on the CoinMarketCap with a market cap of $42,55,57,593, with a circulating supply of 10,78,18,999 ETHW coins.

## Ethereum PoW price prediction

Ethereum PoW price prediction by [DigitalCoinPrice](https://digitalcoinprice.com/forecast/ethereum-pow) suggests that the coin price could reach $9.05 in the current year and $10.69 the following year. The site predicts that by 2025, ETHW could be worth $14.81 before rising to $18.53 in 2027 and $22.51 in 2028. It also suggests that the coin could close the decade at $30.66, and in 2030 it predicts that it could trade at $42.71, with the potential to reach $59.23 in 2031.

[WalletInvestor's](https://walletinvestor.com/forecast/ethereumpow-prediction-data) Ethereum PoW price prediction for 2023 suggests it could face a challenging year. The site predicts that the coin's value could drop to a low of $0.277 by the start of December 2023.

It is essential to remember that the cryptocurrency markets are volatile, making it challenging to predict the price of a coin or token in a short period and even in the long term. If you are considering investing in crypto, we recommend conducting thorough research. Analyse the current market trends, news, technical and fundamental analysis, and expert opinion before making investment choices.


Ethereum PoW Price Prediction 

Among the most popular Bitcoin mining pools available on the market today is MetaMining Club.

Based in Abuja, Nigeria, MetaMining Club is Africa's fastest growing blockchain mining operation and provides its clients with the opportunity to benefit from the mining of Bitcoin with minimal effort.

## Why mining?

The rise of Bitcoin has left many asking, "how do I get involved?". The recent volatility of crypto market trading means the search for Bitcoin passive income has never been greater.

For some time, one of the most popular methods for making money in crypto has been to get involved in mining. Crypto mining is the validation of transactions across a Proof of Work (PoW) network.

Computers battle to solve complex algorithmic math problems in a competition to process the next block of data on the chain – hence the term blockchain. For doing this, miners are [rewarded a portion of the fees](https://en.wikipedia.org/wiki/Cryptocurrency#Mining) charged to those sending crypto.

Mining Bitcoin has proven to be a very lucrative business, with large mining 'farms' set up worldwide. Some of these operations consist of thousands of mining rigs processing many transactions a day.

As you are probably all aware, mining [Bitcoin uses a massive amount of electricity](/news/article/crypto-mining), so much so that many Bitcoin mining farms look to locate their rigs in cold climates (negating the need for expensive air conditioning) with low electricity rates.

## Pool mining

Mining crypto has become increasingly difficult with recent rises in the cost of electricity and the hardware needed to compute ever-complex calculations. There is, however, a cheaper alternative to setting up your own mining operation. This is what is known as Bitcoin pool mining. With pool mining, no technical knowledge is needed. As the name suggests, you simply contribute to a pooled mining operation that conducts [all the hard work for you](https://river.com/learn/how-bitcoin-mining-pools-work).

[MetaMining Club](https://metaminingclub.com/) can manage the entire process for you – all you have to do is invest your money with them.

MetaMining Club has 10 'packages' to choose from, costing from under £2,500 up to £39,000. Each option promises varied levels of returns. For example, if you opt for the CityBoy package costing 7 million Naira (£12,618), you can expect payouts of somewhere between 480,000 and 880,000 (£865 - £1586). Calculations are a little vague, but the website shows that the expected monthly mining output is somewhere between 0.0029 and 0.0043 BTC. All machines used are S91 Antminers, which can process up to 15.2 Terra hashes per second.

## Risks

MetaMining Club offers the customer the chance to get involved with Bitcoin mining without getting their hands dirty. MetaMining Club hosts machines on their own mining farms and, in turn, connects these machines to major mining pools. This way, MMC can ensure that its returns are among the best in the business.

The high hash rate output is also one of the main reasons MetaMining lub can provide above-average rates of return.

Obviously, investing in crypto comes with risks. However, as miners are not actively trading, the volatility associated with crypto does not have any bearing in this situation. Furthermore, because MetaMining Club connects to mining farms abroad, they do not have to comply with restricting legislation in your resident country.

With any investment, it is important to conduct your own research and due diligence before you decide to part with your hard-earned cash. I advise the same in this situation


Metamining: Earning Passive Income from Bitcoin

There's a lot of heated discussion around blockchain consensus mechanisms. The two most popular options are Proof of Work (PoW) and Proof of Stake (PoS). Let's have a look at both of the mechanisms. 

## What Is PoS?

[Proof-of-stake (PoS)](https://ethereum.org/en/developers/docs/consensus-mechanisms/pos/) is a consensus mechanism that allows participants in a blockchain network to agree on the validity of transactions without having to rely on mining. In a PoS system, people are rewarded for holding onto their coins instead of mining. This is done by assigning a value to each coin, and the person who holds the most coins has the highest chance of being chosen to validate new blocks.

## What Is PoW?

[Proof of Work, or PoW](https://ethereum.org/en/developers/docs/consensus-mechanisms/pow/), is the original consensus mechanism that Bitcoin and other cryptocurrencies use. In PoW, miners use special software to solve mathematical problems and verify transactions. The first miner to solve a problem is rewarded with new cryptocurrency tokens, and the transaction is added to the blockchain.

Proof of Work is a very energy-intensive process, and it has scalability problems. As more people use a cryptocurrency, the network requires more energy to process transactions. This has led to proposals for new consensus mechanisms, such as Proof of Stake.

## Which Is Better PoS vs PoW?

The two main types of consensus mechanisms: Proof of Work (PoW) and Proof of Stake (PoS), both have their pros and cons, but which one is better? Let's take a look.

Proof of Work is a consensus mechanism that requires participants to solve complex mathematical problems in order to validate transactions. This process is energy-consuming and can only scale up so far. As a result, Proof of Work is not ideal for large-scale networks.

On the other hand, Proof of Stake does not require solving any complex mathematical problems. Instead, it relies on validators to stake a certain amount of cryptocurrency on the network. This process is less energy-consuming and can scale up much more easily than Proof of Work, meaning that it can handle a larger number of transactions without becoming bogged down or congested. As a result, Proof of Stake is ideal for large-scale networks.

There are pros and cons to both PoS and PoW, but in general, PoS is seen as more scalable and energy-efficient than PoW.

However, it's important to note that these are just generalisations and that different implementations of PoS and PoW may have different results.

Choosing between Proof of Stake and Proof of Work depends on the specific needs of your project. If you're looking for a more scalable and energy-efficient consensus mechanism, then PoS is likely the better option, but if you need more security, then PoW may be a better option.

Read [Latest Moni](/news) to learn more about cryptocurrency and blockchain.



What's the difference between PoS vs PoW?

Environmental cryptocurrency consciousness is developing as more and more people think about the impact of crypto on our ecology.
It has been widely reported that [Bitcoin](/coins/btc), altcoins like [DOGE](/coins/doge), and other cryptocurrencies are having a detrimental impact on the environment.

How much do you know about environmental cryptocurrency concerns? Are you aware that the high levels of energy consumption in the crypto space could pose a threat to our planet?

We have to start thinking about environmental cryptocurrency, for the protection of our ecology and the wider adoption of crypto.

Cryptocurrencies generated through mining have a substantial negative impact on the environment. They use high-powered computers and a massive amount of electricity to mine their coins. What is the effect of this high level of energy consumption on the environment?

Cryptocurrency has become extremely popular. There are thousands of coins, with new ones emerging all the time.
While this may be good for the crypto space and investors, there is a downside - especially if those cryptocurrencies require mining.

Bitcoin, the most popular cryptocurrency, is viewed as an unsustainable network. Bitcoin requires a high level of energy consumption for mining, and the more Bitcoin that gets mined, the more harm it causes to the environment.

In the past, there wasn't much time given to environmental cryptocurrency thinking.
However, awareness of the negative impact of unsustainable cryptocurrencies on the environment is growing, along with demands for solutions.

Let us go through the impact of cryptocurrency mining on the environment

## How are Cryptocurrencies Made?

Many cryptocurrencies are created through 'mining'. Miners use computer programmes and power to create solutions to tough problems. The answers they create validate cryptocurrency transactions, and this validation goes into a decentralized record-keeping system. Powerful computers used for mining are called mining rigs, which use a surprisingly high amount of electricity.

For example, researchers from Cambridge University estimated that Bitcoin annually uses electricity more than the whole of Argentina.

[Digiconomist](https://digiconomist.net/), a cryptocurrency analytics site, published that the carbon footprint of one Bitcoin transaction is likely to be more than two million Visa transactions. And just that transaction uses as much power as an average American household uses in two months.

This danger that digital currencies pose to the environment starts to make sense now.

The use of cryptocurrencies to make transactions have increased speedily. Is there any hope for our environment?

## Can this Impact be Controlled?

Many cryptocurrencies are created through Proof of Work, which leads to large energy consumption. However, other methods that require less energy are being developed:

- Proof of Stake (PoS): a cryptocurrency consensus mechanism for processing transactions and creating new blocks in a blockchain. This mechanism is an alternative to cryptocurrency mining that does not involve extensive computing power. Paying closer attention to this method will help to conserve more energy consumed while mining cryptocurrency. Ethereum plans to move from PoW to a PoS algorithm. It will reduce the network's energy demand by about 99%.

- Some Bitcoin developers are working towards the Lighting Network that will decrease the energy consumption by most transactions.

- Cryptocurrency education is also necessary; people must become fully aware of environmental cryptocurrency challenges. Bitcoin uses the most energy when it comes to mining. Yet, when people get introduced to cryptocurrency, many start with Bitcoin and use it the most.

## Conclusion 

People can be educated about other options they have in cryptocurrency. They can learn to use more environmentally friendly cryptocurrencies that don't use PoW.

Environmental cryptocurrency consciousness is a good thing. This is a serious issue. It needs to be tackled now, before it worsens.


Environmental Cryptocurrency Concerns

If you've ever seen the term and asked yourself, 'what is staking crypto?', we're here to help.
Staking crypto is an excellent method to make passive income from your crypto assets. The profits might especially appeal to people who have already invested a considerable amount of their net worth in cryptocurrency. 

In crypto, there are two basic consensus mechanisms: proof of work (PoW) and proof of stake (PoS). The role of consensus mechanisms is to assure the legitimacy of transactions. An additional block is added to the blockchain if a transaction is authorised. These protocols safeguard the network.
PoW systems safeguard networks by utilising computational power and do not enable crypto to be staked. PoS methods, on the other hand, maintain security through verifiers that tie up crypto — or stake it, as the term staking crypto implies. The validators are compensated for staking crypto to safeguard the network. 

Few cryptocurrency owners can become validators. This is owing to the high value of necessary crypto holdings and the requirement for hardware infrastructure with appropriate processing power. However, there are crypto-staking solutions with lower entrance hurdles.  

## How to Stake - What is Staking Crypto?

There are other staking pool alternatives available, including P2P Validator and Staking. These platforms provide cryptocurrency staking solutions that "pool" crypto assets from many participants. This implies that the quantity of cryptocurrency needed to stake is less than if a person became a validator individually. 
Exchanges are the most accessible and straightforward way for many crypto holders to stake their coins. Some of the top cryptocurrency exchanges, including Coinbase and Binance, provide crypto staking services.  

Coinbase compensates its members just for keeping a certain number of specific cryptos in a wallet, with dividends ranging from daily to quarterly. The staked cryptocurrency does not even need to be acquired through the Coinbase exchange.  
Binance is one of the most comprehensive cryptocurrency staking platforms. In most cases, it has more than 112 tokens that may be staked from one to four months. 

PoS cryptos are the only ones that can be staked. [Ethereum (ETH)](/coins/eth), Polkadot (DOT), Solana (SOL), NEAR Protocol (NEAR), Cardano (ADA), and Tezos are among the most popular and regularly staked cryptos (XTZ). 

## What is Staking Crypto - The Benefits

Cryptocurrency may be safely stored in a wallet, and ownership can be preserved throughout the crypto staking process. Staking cryptocurrency also gives benefits for confirming transactions and safeguarding the network.  
This reward is a percentage return, akin to a dividend or interest on a checking or savings account. The return varies depending on the cryptocurrency invested, but, in all cases, it is far larger than the yearly percentage returns that consumers obtain from traditional banks. 

The greater the amount of cryptocurrency staked, the greater the possible benefits. Those with substantial crypto holdings can thus become exceedingly wealthy through staking. It is a good method of wealth creation for long-term holders of PoS crypto assets. It may be quite profitable if done correctly. 
 
## Is Staking Crypto Safe?

The regular fluctuation of cryptocurrency prices is one disadvantage. As previously said, the yields generated will be determined by the crypto token. Volatile cryptocurrencies can provide bigger profits, but this comes with the danger of the underlying token's price falling.  
The recent Terra LUNA token crash, which resulted in billions of dollars in losses, illustrates this.

Some forms of crypto staking require assets to be locked up for a specific amount of time, which means no action can be performed even if the price of the cryptocurrency falls. Liquidity pool hacking might potentially result in the entire loss of the crypto tokens invested.

## Final verdict 

Staking cryptocurrency has both good and bad effects. For risk-takers, the potential of significant returns for little to no effort makes the venture viable. However, for the ordinary crypto investor, exchanges remain the greatest option for crypto staking.

Whether or not to what is staking crypto will depend on an individual's attitude towards risk. Crypto earners averse to risk may prefer to preserve the ownership of their assets. On the other hand, risk-takers would be more than happy to stake their crypto for higher potential returns.
Other risks include staking pools being hacked, which can result in total loss of the crypto asset staked.


What is Staking Crypto?

Litecoin news has been relatively quiet in the first month of 2022. For price prediction, it couldn't be louder.

The coin has been slashing value with fervor over the last four weeks, eventually losing $40 from its 1 January price. But it appears that the coin has found its floor and is now ready to start climbing again. Litecoin price predictions are bullish as a result of a new upgrade.

This announcement is the culmination of a two-year-long effort by Litecoin developers. The team has been working hard to bring the MimbleWimble upgrade to the network, and it has finally happened. MimbleWimble is not a code name for the upgrade; it's the technology that's being used. MimbleWimble is the name of a blockchain protocol that focuses on security and has been used by various networks since its inception. To keep users' data private, the protocol employs its brand of cryptography known as Elliptic Curve Cryptography (ECC). Users can make their transactions untraceable by others by using this new protocol.
 
This Litecoin price prediction guide will aid investors in deciding if Litecoin is right for them, if it will rise in the long term, and provide a forecast about what Litecoin could be worth in 10 years.

## What is Litecoin?

[Litecoin (LTC)](/coins/ltc) is a decentralised peer-to-peer cryptocurrency created in 2011 by Charlie Lee, a former Google employee. The LTC network was created to address the network issues of its elder brother. These include scalability, transaction speed, and high commission fees for each financial transaction made on the blockchain.

Litecoin was one of the first cryptocurrencies people learned about when they first entered the market. The LTC network is a Bitcoin fork that uses the BTC protocol. They share features such as anonymity, decentralisation, the ability to be mined, and the consensus mechanism (Proof of Work).
 
## 2022 Litecoin Price Prediction

According to technical analysis of [Litecoin prices in 2022](https://coinmarketcap.com/currencies/litecoin/), the lowest cost of Litecoin will be $142.09. The maximum LTC price that can be reached is $170.62. The average trading price is anticipated to be around $147.58.

## LTC Price Prediction for May 2022

Crypto analysts examined Litecoin price fluctuations in 2022 and previous years, predicting that the average LTC rate in May will be around $121.19. It can fall as low as $116.79. The maximum possible value is $129.17.

## Litecoin Price Prediction for June 2022

The average LTC price in the middle of the year 2022 will be $126.03. Litecoin's value may also rise to $134.01 in June. It is expected that the price will not fall below $121.64 in June 2022.

## Litecoin Price Prediction for August 2022

Analysts predict that the LTC price will be around $133.71 by the end of summer 2022. In August, the price of Litecoin could fall to as low as $128.22. In August 2022, the expected peak value is $145.55.

## LTC Price Prediction for September 2022

According to cryptocurrency experts who have studied Litecoin prices, the LTC rate could reach a high of $152.23 in September 2022. It could, however, fall to $133.33. Litecoin is expected to average nearly $137.72 in September.

## Litecoin Price Prediction for October 2022

The price of Litecoin will be $141.85 on average in the middle of autumn 2022. Analysts predict that the LTC price will fluctuate between $136.36 and $157.74 in October 2022.

## LTC Price Prediction for November 2022

Experts predict that the value of Litecoin will not fall below $140.30 in November 2022. This month's maximum peak is expected to be $164.83. The average trading value is estimated to be $144.69.
 
## Litecoin Price Prediction for December 2022

Cryptocurrency experts have carefully examined the price range of LTC throughout 2022. Their forecast for December 2022 is as follows: the upper trading value of Litecoin could be around $170.62, with a chance of dropping to $142.09. The average price in December will be $147.58.

Using the work of some of the industry's best analysts and traders, LTC's long-term growth could reach a reasonable projection of $10,000. This would place it among the best performing assets of all time, second only to BTC.

There has been a struggle by Litecoin to reclaim its previous all-time high and, according to analysis, lower prices may be met before some of the most ambitious price predictions are reached. Analysts believe that $100 will be the absolute bottom for Litecoin in the coming days.
 
The future of Litecoin, like that of bitcoin, Ethereum, and other popular cryptocurrencies, will be exciting to watch. Market competition and the battle to break into the mainstream are significant obstacles. The success (or failure) of the LitePay system could significantly impact the growth of Litecoin.
 
Remember that cryptocurrencies are speculative and complicated, so thoroughly research all of the pros and cons of Litecoin before deciding whether or not to purchase.
 



Latest Moni

POW Crypto News

Read the latest POW crypto news.

Ethereum PoW Price Prediction

Metamining: Earning Passive Income from Bitcoin

What's the difference between PoS vs PoW?

Environmental Cryptocurrency Concerns

What is Staking Crypto?

Litecoin News: Does it Have a Future?