BTCC Pool, the mining operation of Hong Kong-based cryptocurrency exchange BTCC, will close "Indefinitely" at the end of this month, a statement from the firm confirmed Nov. 6.
BTCC Pool, which began mining activities in 2014, is shutting down due to unknown "Business adjustments," the company wrote, without giving details about the circumstances that led to the decision.
"Today, we regret to announce that due to business adjustments, the BTCC pool will shut down all mining servers on November 15 and will cease operations indefinitely from November 30.".
Concluding its outlook for the market, BTCC nonetheless expressed a sense of optimism, hinting that the decision to close down was not strictly permanent.
BTCC, which was China's first Bitcoin exchange, formerly known as BTC China, announced last month that it is set to launch trading services in South Korea.
Today's announcement comes amid notable shifts in the Bitcoin mining landscape.
After stagnant price action pushed up costs for miners across the board, industry heavyweights Bitmain and Bitfury continue to spark rumors of an imminent public flotation.
As Cointelegraph reported today, Bitfury has also completed a giant $80 million closed funding round from a group of international investors.
For its part, Bitmain just announced two new 7nm "Antminer" crypto mining machines, reportedly available for purchase Nov. 8.
Yesterday, Nov. 5, soon after reporting that its crypto-mining related sales for Q3 2018 were "Negligible," U.S.-based semiconductor manufacturer AMD evidently partnered with seven major tech companies to produce eight new cryptocurrency mining rigs it is marketing as "Blockchain compute solutions."
Mining Pool of China's Oldest Bitcoin Exchange BTCC to See 'Indefinite' Closure
에 게시 됨 Nov 6, 2018
by Cointele | 에 게시 됨 Coinage
Coinage
이 기사에서 언급
최근 뉴스
모두보기
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.