Binance Pool to Shut Down After Hashrate Falls 65%
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Binance Pool is closing after its computing power dropped sharply, with remaining miners required to switch providers before Nov. 10.
Binance Pool, which previously accounted for 2.3% of the Bitcoin network’s computing power, is shutting down, according to CoinDesk.
Hashrate directed to the pool has declined roughly 65%, falling from 26 exahashes per second (EH/s) in December to around 9 EH/s.
Miners still using the pool must move to another provider before the Nov. 10 cutoff.
Source: CoinDesk
