ETHW Coin Investment Guide: How to Buy, Mining Rewards, and Secure Wallet Storage Complete Strategy

Want to understand the investment potential and market dynamics of ETHW coin? In this article, we will delve into the ETHW investment guide and market analysis, exploring its trading, mining profits, and safe storage strategies. “What is ETHW coin and how to buy it”? From Ethereum’s hard fork to an independent ecosystem, “Ethereum hard fork ETHW coin prospects”—what’s the outlook? At the same time, we will compare ETHW mining profits, with “ETHW mining profit comparison” showing notable differences. Additionally, understanding “ETHW wallet security storage methods” is crucial, and a brief discussion on “ETHW price forecast for 2024” will help you make informed investment decisions. Ready to learn more? Let’s get started!

Ethereum completed the “Merge” upgrade in September 2022, officially transitioning from proof-of-work (PoW) to proof-of-stake (PoS) mechanism. EthereumPoW (ETHW coin) was born as a hard fork project that continues to retain the PoW mechanism. What is ETHW coin? Simply put, ETHW coin is the continuation of the original chain before Ethereum switched to PoS, inheriting the original PoW mining algorithm and mechanism. This independent ecosystem allows GPU miners and certain hardware to continue participating in mining, providing new opportunities for traditional miners. Currently, the circulating supply of ETHW is about 108 million coins, with a total market cap of approximately $58.21 million, ranking 384th in the cryptocurrency market. After the hard fork, ETHW and Ethereum (ETH) formed two separate blockchains, each operating and developing independently, but ETHW’s ecosystem is much smaller than the main chain ETH.

Buying ETHW is relatively straightforward, with many exchanges offering related services. Taking BTCC as an example, users need to complete registration and identity verification first, then search for “ETHW” on the platform and find the ETHW/USDT trading pair. After clicking in, choose either coin-margined or USDT-margined contracts; the system can complete the transaction process within three minutes. The platform offers leverage options up to 50x, allowing users to go long or short according to their risk preference. Besides BTCC, other mainstream exchanges like CoinEx also support ETHW spot trading, offering 151 trading pairs. The current price of ETHW is $0.54, with a 24-hour trading volume of about $7.46 million. Before purchasing, it is recommended to compare the fee rates and liquidity depth across exchanges to ensure the best execution prices. First-time investors in ETHW should understand market risks; ETHW has dropped 37.76% in the past 30 days, reflecting high price volatility.

ETHW uses a traditional proof-of-work mining mechanism, while ETH 2.0 has fully shifted to a proof-of-stake model. These two modes have fundamentally different profit logic and cost structures. Mining ETHW requires investing in professional GPU or ASIC mining hardware, with participants solving complex mathematical problems to earn block rewards. In contrast, ETH 2.0 staking is more flexible; users simply stake ETH on trading platforms, with annual yields typically between 2% and 9%, without bearing high hardware costs and electricity consumption. The following table shows a core comparison of the two approaches:

ETHW mining profits are influenced by multiple factors including miner efficiency, network difficulty, electricity costs, and ETHW price fluctuations. Currently, ETHW is trading at a low price, making mining less economically viable. ETH staking offers more stable passive income, especially suited for risk-averse investors. The choice depends on individual capital, risk tolerance, and technical skills.

Secure storage of ETHW depends on the amount held and usage frequency. Self-custody wallets are divided into cold wallets and hot wallets, each with pros and cons. Cold wallets (hardware wallets) like Ledger store private keys offline, providing the highest security level, suitable for long-term holding of large amounts of ETHW. Cold wallets cannot be used directly for transactions but effectively prevent phishing and malware attacks. Hot wallets like MetaMask are convenient for daily transactions and transfers; users can access funds anytime but must carefully manage private keys and seed phrases. When using hot wallets, do not disclose private keys to anyone, and avoid sensitive operations on public networks. Exchange custodial solutions are convenient but carry platform risks and are not recommended for long-term storage of large funds. ETHW withdrawal fees are extremely low, less than $0.01, making small transfers affordable. For beginners, it is advisable to transfer a small amount of ETHW to a self-custody wallet for testing, and after familiarization, proceed with larger transfers. Regularly backing up private keys and seed phrases in secure locations is essential for asset protection.

Since its launch, ETHW has experienced significant price volatility. On September 16, 2022, after the mainnet launch, ETHW reached a historical high of $14.42, then plummeted over 70% to $4.22 on September 19 due to replay attack issues and technical problems. This price collapse reflected market concerns over ETHW’s technical security and ecosystem prospects. As of now, ETHW is priced at $0.54, with a 24-hour trading volume of about $7.46 million and a total market cap of approximately $58.21 million. Over the past 30 days, ETHW has fallen 37.76%, and over the past 90 days, it has declined 66.59%, indicating ongoing bearish pressure. In terms of market liquidity, ETHW is traded on 151 pairs, mainly on mainstream exchanges, but trading volume remains much lower than major tokens. ETHW’s market acceptance is relatively low; as a PoW fork coin, its long-term value depends mainly on community support, ecosystem development, and technical stability improvements. Although figures like Justin Sun have expressed support, they have not effectively reversed market pessimism. Currently, ETHW faces strong competition from the main chain ETH and challenges posed by the increasing dominance of PoS consensus.

The “ETHW Investment Guide” explains the birth of ETHW from Ethereum’s hard fork and explores its purchase methods, mining profits, and wallet security strategies in depth. The article focuses on how to buy ETHW on exchanges like Gate, and compares ETHW with ETH 2.0 mining earnings. For investors with different holdings, it offers suggestions on cold wallets, hot wallets, and self-custody solutions to ensure asset safety. Finally, it analyzes ETHW market trends and liquidity to help investors make informed decisions. This guide is suitable for cryptocurrency enthusiasts interested in understanding ETHW’s ecosystem and investment potential. #ETHW#