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View ChartEthereumPoW (ETHW) is a proof-of-work hard fork of the Ethereum blockchain, created in response to The Merge, which transitioned Ethereum to a proof-of-stake consensus. EthereumPoW positions itself as "the original PoW-based Ethereum network," preserving the mining-based consensus that Ethereum used since its inception. The project was developed by ETHW Core, a group of independent software developers and miners, and is described as a community-driven initiative supported by users worldwide who prefer PoW or wish to keep both consensus options available on Ethereum. ETHW uses the Ethash hashing algorithm and maintains a block time of approximately 13 to 15 seconds. The token has an unlimited maximum supply, with a circulating supply of approximately 107.82 million ETHW. The project launched in September 2022 and continues to operate as a PoW-based smart contract platform.
EthereumPoW was initiated by Chandler Guo, a China-based Ethereum miner who proposed an alternative PoW plan following Ethereum's transition to proof-of-stake. He leads ETHW Core, a group of independent software developers and miners. The project is described as a community-driven initiative supported by people from around the world who prefer PoW to PoS or who simply want to keep both options available for builders and users on Ethereum. Detailed public information about the full development team beyond ETHW Core is currently limited.
EthereumPoW operates on a proof-of-work consensus mechanism, the same mechanism Ethereum mainnet used before The Merge. Nodes in a decentralized network collaborate to verify transactions, and miners use specialized hardware such as GPUs or ASICs to validate transactions and secure the network. The network clones the state of Ethereum at the Merge block height, allowing dApp developers and stablecoin issuers to choose which Ethereum chain they support or copy application states to EthereumPoW. The difficulty bomb has been completely removed so that ETHPoW can continue to be mined, and mining difficulty adjusts automatically to maintain consistent block times. The EIP-1559 base fee is distributed to miners. The blockchain aims to support the same features as pre-Merge Ethereum, including smart contracts and decentralized applications.
EthereumPoW's primary distinction is its commitment to preserving the proof-of-work consensus that Ethereum originally used. For miners who had invested in specialized hardware, EthereumPoW offers a way to continue using their equipment to validate transactions and earn rewards after Ethereum's transition to PoS rendered such equipment obsolete. The project clones Ethereum's state at the Merge, which allows developers to port applications and liquidity to the ETHW chain. It also maintains compatibility with pre-Merge Ethereum features, including smart contracts and dApps. The project positions itself as a community-driven alternative for those who prefer PoW or want to keep both consensus models available on Ethereum. However, the project has faced significant challenges, including a prolonged decline in adoption and an official announcement regarding service discontinuation.
ETHW serves several functions within the EthereumPoW network. It is used to pay for transactions and computational operations on the blockchain. Miners receive ETHW as compensation for securing the network and validating transactions. The token fuels smart contracts and decentralized applications built on the EthereumPoW blockchain. Some users hold ETHW as a speculative investment or as an alternative to other cryptocurrencies. ETHW can also be traded on various cryptocurrency exchanges. The token was distributed through a fork-and-airdrop mechanism, where everyone who held ETH on the Ethereum blockchain before the fork received the same amount of ETHW after the merge. Users can claim ETHW using their Metamask wallet on the ETHPoW network.
The EthereumPoW ecosystem was initially supported by numerous exchanges and aimed to replicate the functionality of pre-Merge Ethereum, including smart contracts and dApps. The project cloned Ethereum's state at the Merge block, enabling developers and stablecoin issuers to port applications and liquidity to the ETHW chain. However, the ecosystem has faced considerable difficulties. The official X/Twitter account announced a service discontinuation, stating: "Due to prolonged lack of user adoption, the development team has decided to discontinue the service. Please withdraw any remaining assets before the shutdown." The project also experienced a sharp price decline following its launch, and long-term price performance has been negative. The circulating supply is reduced by 13,712,994 ETHW because the ETH 2.0 staking contract only has a deposit function, meaning staked ETH cannot be withdrawn on EthereumPoW.
Mining EthereumPoW requires specialized hardware, such as GPUs or ASICs, as the project has no plan to make the mining algorithm ASIC-resistant. Miners can run ETHWMiner or other compatible mining software to participate in securing the network. The block reward is 2.00 ETHW, and the block time is approximately 13 to 15 seconds, similar to pre-Merge Ethereum. Mining difficulty adjusts automatically to maintain consistent block times. The scheduled difficulty bomb has been completely removed, allowing ETHPoW to continue to be mined indefinitely. EthereumPoW does not offer staking capabilities; there is no mechanism to lock up ETHW tokens to earn passive rewards through staking. The network's hashrate is approximately 2.10T H/s.
To keep your ETHW safe, store your tokens in a reputable wallet that supports the ETHW network, such as Metamask configured for the ETHPoW chain. Always verify the official network details, including the RPC URL and Chain ID, before adding the network to your wallet. Use hardware wallets for long-term storage of significant amounts. Keep your private keys and seed phrases secure and never share them with anyone. Be cautious of phishing attempts and fake websites claiming to offer ETHW claiming or trading services. Given the official announcement regarding service discontinuation, users should withdraw any remaining assets from supported platforms before any shutdown occurs. Regularly check official channels for updates and avoid interacting with unverified smart contracts or dApps on the network.
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TradeEthereumPoW (ETHW) does not support staking. Unlike Ethereum, which moved to proof-of-stake and lets users lock ETH to become validators, ETHW relies exclusively on proof-of-work mining for consensus and security. There is no mechanism to lock up ETHW tokens for passive rewards.
Because of this, new ETHW enters circulation only through block rewards paid to miners, plus transaction fees. Mining difficulty adjusts automatically to keep block times near 13–15 seconds, so issuance is tied to hashrate rather than to a fixed schedule. ETHW follows Ethereum's original model with no hard cap, so supply is not strictly limited.
For holders, the implication is that ETHW's long-term price depends heavily on mining economics and real network demand. If mining rewards outpace adoption, sell pressure can weigh on price; if ecosystem usage grows, demand for ETHW to pay gas and fuel dApps can support it.
EthereumPoW (ETHW) is a near-replica of Ethereum as it existed just before The Merge, so its value is closely tied to how its network is used. Gas fees on ETHW are paid in ETHW itself, meaning any rise in on-chain activity — transfers, smart contract calls, or dApp usage — directly increases demand for the token.
Network upgrades matter because ETHW removed the scheduled difficulty bomb, allowing mining to continue indefinitely, and it cloned Ethereum's state at the Merge so developers and stablecoin issuers can deploy or copy app states onto the chain. If more DeFi, NFT, or heritage dApps launch on ETHW, transaction volume and fee burn-style demand can grow.
However, ETHW's ecosystem is smaller than Ethereum's, and its developer activity is limited. Sustained value growth therefore depends on attracting real users and liquidity, not just on technical parity with pre-Merge Ethereum.
A spot ETHW ETF would be a fund that holds actual EthereumPoW (ETHW) tokens and tracks their price, giving traditional investors exposure without managing wallets or private keys. Access would typically be limited to brokerage and institutional accounts in jurisdictions that approve such products.
For ETHW, sustained institutional inflows could raise liquidity, improve market depth, and add legitimacy as an investable asset. Larger, steadier buying can create a firmer price floor and reduce the volatility that comes from thin order books. Notably, a Bitwise ETHW ETF has already shown volatile but notable daily flows, including significant single-day inflows, which signals emerging institutional interest.
That said, ETF flows can reverse quickly, and outflows can amplify downside moves. Institutional adoption supports ETHW's price mainly when inflows are consistent rather than one-off.
EthereumPoW (ETHW) and Ethereum (ETH) share a common history, but they diverged at The Merge in September 2022. ETHW kept proof-of-work mining, while ETH moved to proof-of-stake. The table below summarizes the key differences for investors.
| Dimension | EthereumPoW (ETHW) | Ethereum (ETH) |
|---|---|---|
| Core Positioning | PoW fork preserving pre-Merge Ethereum | Leading smart contract platform on PoS |
| Supply Model | No hard cap; mining issuance | No hard cap; PoS issuance plus burn |
| Consensus | Proof-of-Work (miners) | Proof-of-Stake (validators) |
| Main Use Cases | Mining, heritage dApps | DeFi, NFTs, L2 scaling |
For investors, ETHW offers exposure to a smaller, mining-driven network with higher risk and lower liquidity, while ETH represents the larger, more established ecosystem.
On BTCC, you can attach stop-loss (SL) and take-profit (TP) orders to any ETHW/USDT perpetual contract position. The goal is to cap losses and lock in gains automatically.
Always size positions so a single stop-out does not damage your account, and avoid placing SL too close to price, where normal volatility can trigger it early.
The current price of EthereumPoW (ETHW) is C$0.421154, with a market cap of C$45.544378M and 24h trading volume of C$2.63119M. The circulating supply is 107.82M (max supply ∞).
Because ETHW trades across many venues, quotes can differ slightly between exchanges depending on liquidity and local order flow. For the most accurate, real-time view, check the ETHW/USDT perpetual contract page on BTCC, where you can see the live order book, funding rate, and recent trades before placing an order.
EthereumPoW (ETHW) is influenced by three main layers:
Because ETHW has a smaller market cap and thinner liquidity than ETH, these drivers can move its price more sharply in both directions.
The all-time high of EthereumPoW (ETHW) is C$199.914515, reached on 2022-08-08 13:35; the all-time low is C$0.296928, recorded on 2026-06-06 04:40.
These extremes frame the full range of ETHW's price history since it forked from Ethereum in 2022. The gap between the ATH and ATL reflects how volatile and speculative the token has been, driven by mining economics, exchange listings, and broader market cycles.
To see how price moved between these levels, open the full-cycle chart on BTCC and inspect the ETHW/USDT perpetual contract page, where you can zoom across historical candles, volume, and key turning points before planning a trade.
Reading EthereumPoW (ETHW) candlesticks starts with the basics:
Combine these tools on the ETHW/USDT chart on BTCC for clearer entries and exits.
You can profit from falling EthereumPoW (ETHW) prices without holding spot tokens by shorting ETHW/USDT perpetual contracts on BTCC. A short position lets you sell at a high price and buy back at a lower price, capturing the difference.
How it works: open a short when you expect price to decline, then close the position (buy back) when price falls. The profit is the price difference multiplied by your position size, minus fees and funding. If price rises instead, the position loses, so a stop-loss above key resistance is essential.
Shorting gives traders a two-way opportunity: you can seek gains in bear markets and during pullbacks, not only in uptrends. BTCC's ETHW/USDT perpetuals support both long and short directions with flexible leverage, so you can adapt to whatever the market is doing.
Yes. BTCC offers flexible leverage on ETHW/USDT perpetual contracts, with leverage up to 50x, subject to the platform's risk rules and your account tier. Higher leverage means a smaller margin controls a larger position, which can amplify returns when the market moves your way.
However, leverage magnifies both gains and losses. A small adverse move can trigger liquidation and wipe out your margin, especially at high multiples. For beginners, starting at 2x–10x is strongly recommended, paired with a strict stop-loss on every trade.
Before increasing leverage, practice position sizing, monitor the funding rate on the ETHW/USDT page, and never risk more than a small percentage of your account on a single trade.
After registering on BTCC, you can switch to Demo Trading mode and receive virtual funds, such as 100,000 USDT, to practice without risking real money. The demo environment uses real EthereumPoW (ETHW) market data, so prices, candles, and order behaviour mirror the live ETHW/USDT perpetual contract market.
In demo mode you can practice adjusting leverage, placing market and limit orders, and setting take-profit and stop-loss levels. This is a risk-free way to learn how funding rates, margin, and liquidation work before committing capital.
Once you are comfortable with the workflow and your strategy performs consistently, you can switch back to live trading and apply the same process with real funds.
Follow these four steps to start trading EthereumPoW (ETHW) on BTCC:
Start with small size and low leverage while you learn the platform, and always use stop-loss orders to manage risk on every ETHW trade.
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