The Baite mining pool under the universal computing power was withdrawn, and the computing power was ranked in the top ten

In the face of weak currency prices and the pressure of halving BTC, cryptocurrency mining is ushering in a new round of turbulence and reshuffle.

Wu said that the blockchain is exclusively informed that the Baite mining pool under the universal computing power is currently being cleared. The computing power has dropped from more than 4,000 P in early March to the current about 200P. It will mainly develop small currency mining.

Baite mining pools BytePool.com and 1THash.top are all mining pools under the omnipotent computing power. Both of the two mining pools are ranked in the top ten, mainly with their own computing power. Some will be transferred to another mining pool. With the formation of several senior miners, one of the bosses is the former Jianan employee.

Some miners told Wu said that the blockchain staff said that the reason for the withdrawal was related to the lack of profitability of the mining pool and the lack of money. According to people familiar with the matter, Baxter ’s recent losses have been severe.

(Comparison of computing power of Baxter mine pool on April 6 and March 4)

The opposite of the traditional miners clearing the mining pool is that the exchange is aggressively entering the field of mining pools. Binance just announced that it will soon launch a mining pool, and formed a related team to recruit employees from the mining industry. Huobi and OK mining pools have also been operating frequently recently.

Binance CEO Zhao Changpeng said that the Binance mining pool will cover POW, POS and staking. In the future, the head exchange mining pool will lead other mining pools.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

Babbitt column | Case study: Exchange "downtime", does the holder lose any compensation?

Source of this article: Xiao Sa Author: Tan Hao Guo Xiao Sa The currency circle trading platform advertises that &quo...

Blockchain

SBF returns to the witness stand admitting mistakes but refusing to plead guilty, Binance, ex-girlfriend, and Three Arrows caused FTX to collapse.

SBF revealed insider information that Binance had once sought to acquire FTX, and described himself as the CEO who do...

Blockchain

Graphic dismantling: Where did FCoin assets go? Is there a problem with the funding chain in 2018?

Author: PeckShield, the original title "graphic dismantling FCoin assets to its heyday already noticeable declin...

Blockchain

"Gemini" Risk Control Interview: How the Traditional Financial Regulatory Framework Maps to the Crypto Industry

Source: Yahoo Fiance Original author: Daniel Kuhn Translator: Moni Source: Odaily Planet Daily Zou Chuanwei: The logi...

Blockchain

User information is not guaranteed? UK Customs and Excise Department asks cryptocurrency exchanges for transaction data

According to Coindesk's August 7 report, the UK tax authority, the HMRC, is putting pressure on cryptocurrency e...

Blockchain

Understanding the role of different roles in cryptocurrency exchanges

Originally written by Shane Molidor, Head of Global Business Development at BitMax & GDM, compiled by the Bluemou...