How to exchange forked ETHW and ETF for ETH
Last night, the “ETH Merge” went off without a hitch, meaning that the Ethereum blockchain switched from being “Proof of Work” to “Proof of Stake” this will mean much greater efficiency (99.5% less electricity) going forward. But it also means that a large number of miners (those folks buying up all the GPU’s during the pandemic) have hardware that is no longer useful on the ETH chain. Many of these miners will go to the much older “Ethereum Classic” fork which is still POW, or perhaps switch to mining BTC. But a group of miners have decided to keep the coins they have and “Forked” the ETH chain, meaning if on September 15th, you had some ETH coins in your wallet, you still have those, but you also have an identical copy in the ETF (EthereumFair) and ETHW (EthereumPoW) chains.
I don’t have much faith in either PoW fork (Especially ETF), and would like to see an end to PoW, but whatever your personal reason, you may want to get your money out of the new fork, and right now is a good time to do so since the value of the fork is relatively high, and if it’s anything like other forks will likely drop over time. Here are the steps to do so:
