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SBI Crypto to Shut Bitcoin Mining Pool After Five Years
SBI Crypto will close its Bitcoin mining pool on July 31 after operating it for more than five years. The pool ranks 12th globally and accounts for about 2.2% of Bitcoin’s hashrate.
What happened?
SBI Crypto will close its Bitcoin mining pool on July 31 after operating it for more than five years. The pool ranks 12th globally and accounts for about 2.2% of Bitcoin’s hashrate.
Why it matters
SBI Crypto’s exit will remove one established operator from the global pool market. The supplied information does not specify a reason for the shutdown.
SBI Crypto will shut down its Bitcoin mining pool on July 31, ending more than five years of operation.
The closure is notable because the pool currently ranks 12th worldwide and represents about 2.2% of Bitcoin’s total hashrate.
Mining pools combine computing power from participating miners, helping them compete for Bitcoin block rewards and share the proceeds.
SBI Crypto’s exit will remove one established operator from the global pool market. The supplied information does not specify a reason for the shutdown.
