By 15 November BTCC’s mining offshoot will shut down its entire mining servers, and by 30 November operations will halt until further notice
BTCC Pool released an announcement notice on the indefinite shut down of its mining pool. The shutdown of operations is caused by business adjustments needed to be made by the company. Profits will be received by miners ‘in time’.
Though operations will be halted indefinitely, BTCC is resolute that the blockchain industry, together with cryptoassets, will continue to evolve and be improved. Also, BTCC Pool implied they will be back.
On BTCC Pool
Launched in 2014, the mining offshoot of BTCC cryptocurrency exchange has embarked on supplying miners with transparent, safe, and fair crypto mining service. At the same time, the mining offshoot said it promoted blockchain advancement.
The Highs and Lows of the Mining Business
With the fast movement of technology and the prolonged crypto-bear market, cryptocurrency mining businesses struggled to attain their projected profits throughout the year. Because of this Nvidia decided to leave the manufacturing of mining equipments and Bitmain received mixed publicity on the firm’s financial status.
But some companies, including Bitmain, continues to develop mining-related rigs. Yesterday, 6 November, Finrazor reported that Bitmain released two new Antminers with 7nm Finfet and AMD partnered with eight tech firms to produce a range of new generation mining equipments.