Crypto exchange BTCC closes its mining business

posted 9 days ago
Hong Kong-based cryptocurrency exchange BTCC is shutting down its mining business, BTCC Pool Limited, after 4 years in operation, citing "business adjustments." BTCC Pool said it will shut down all mining servers on Nov. 15th and will cease operations indefinitely by Nov. 30th.

The pool accounted for 1.1% of Bitcoin's hashing power in June of this year, according to blockchain.info. At press time, its hashing power is not sufficient to register on the site. BTCC Pool said in today's announcement that it believes that crypto assets and the blockchain industry will continue to "develop and improve."
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