Fifth largest bitcoin mining pool abandons China because of crackdown


Source: elevenews.com elevenews.com

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BTC.com, one of the largest bitcoin mining pools, ranked 5th in hashrate, starts leaving the Chinese market from this Friday (15th), as announced by its operator, BIT Mining, a company listed on the Stock Exchange of New York. According to the official note published on Thursday (14), the reason for leaving the Asian country is to comply with local regulations. “BTC.com will discontinue registration of new Mainland China users and expects to begin canceling existing Mainland China users’ accounts in an orderly manner from October 15, 2021,” says the statement from BIT Mining. Also according to the company, the discontinuation...