ΞTH:PoW
EthereumPoW: The Satire Story of the ETHPoWerty Chain
When Ethereum finally pulled the plug on wasteful proof-of-work mining last year, it left a lot of GPU-loving miners seething in anger. These salty miners just couldn't cope with the fact that their nonstop ETH printing machines were now worthless hunks of silicon.
Not willing to give up their precious mining cash flow, this group of cope-filled miners decided to keep the original Ethereum proof-of-work chain running under the name EthereumPoW (ETHW), or as most people dubbed it, the ETHPoWerty Chain.
At first, these desperate miners thought they could revive their cash cows by convincing people that ETHW would be valuable. A bunch of speculators filled with hopium initially propped up the price, hoping to score some quick bucks from the airdropped tokens.
However, it soon became painfully obvious that the ETHPoWerty Chain was an utter joke—a last ditch effort by out-of-touch miners to relive the glory days of wasting electricity for profits. With no developers, users, or dapps, ETHW was nothing more than a zombie chain walking dead on arrival.
The final nail in ETHW's coffin came when meme token creator MoNoRi-Chan decided to take advantage of the copium-riddled miners. He launched a useless token called THBт on EthereumPoW and allowed it to trade on DEX, making a free money became even more free money practically overnight.
Now ETHW trades at a 99.9% discount to ETH, a sad reminder that no one actually wants the unwanted spawn of bitter, cope-filled miners. The ETHPoWerty Chain will go down in history as one of the most pointless and pathetic blockchain forks of all time.
It's now clear to everyone that EthereumPoW was a pump-and-dump scam right from the start. The desperate miners hyped up ETHW to trick speculative investors into buying the otherwise worthless coins at inflated prices. Once the miners cashed out by dumping their coins on the gullible buyers at the peak, the price came crashing down, leaving the marks who fell for the scam holding heavy bags.
If you have to ask how you were supposed to make money on ETHW, you were already the poor sucker who was destined to get ripped off in this brazen pump-and-dump scheme. The ones who held a lot of ETH before EthereumPoW fork are now counting their profits while laughing at the naïve investors who helped line their pockets by buying into false hype and hollow promises.
Trivia: Interestingly, EthereumPoW's main competitor isn't actually Ethereum itself, but rather Ethereum Classic (ETC). The Ethereum Classic Cooperative serves as the primary contributing team behind the original 2016 Ethereum fork and exists as a superior alternative to the ineffective ETHPoWerty Chain. The ETHW developers have made zero GitHub code updates to their Geth fork since launch, citing their complete lack of effort.
One EthereumPoW coin is currently trading under $2, while Ethereum's native ETH coin trades above $1,900 per coin. This massive difference shows just how little demand there is for the useless ETHPoWerty Chain.
