SBI Crypto to shut down mining pool that holds roughly 2% of Bitcoin's hashrate
CoinDesk·
60-second summary
SBI Crypto is shutting down its mining pool, which currently holds around 2% of Bitcoin's global hashrate, by July 31. Miners must redirect their hashrate before the cutoff as the pool will stop accepting contributions after that date. This move could lead to a redistribution of hashrate among remaining pools, potentially affecting Bitcoin's network security and overall mining dynamics.
Miners must redirect their hashrate before the July 31 cutoff, as the pool will stop accepting contributions after that date.