BTCC Mining Pool to Shut Down Indefinitely “Due to Business Adjustments”
BTCC, China’s oldest Bitcoin change, is shutting down its mining pool, which has been working for greater than 4 years, the corporate introduced. The company claims the verdict to stop operations indefinitely from November 30 is due to industry changes.
BTCC’s Mining Pool to Cease Operations Indefinitely from November 30
The cryptocurrency mining pool introduced by means of Hong Kong-based Bitcoin change BTCC has been lively since 2014.
Stating that the company has earned the enhance and consider of the miners by means of offering a solid and clear mining carrier for miners with safety and coffee latency 24/7, BTCC requested virtual forex miners to conclude their job at the platform earlier than the shutdown on November 15.
“Today, we regret to announce that due to business adjustments, the BTCC pool will shut down all mining servers on November 15 and will cease operations indefinitely from November 30. In order to avoid unnecessary losses, please miners to complete the power switch before November 15th, and bind the mining revenue address before November 20th, we will release the profits of all miners in time.”
Founded by means of Stanford science laptop graduate Bobby Lee, brother of Litecoin founder Charlie Lee, the BTCC mining pool helps BTC, BCH, LTC, SBTC, BCD, and BTM mining.
As the pool’s servers, deployed in strategic places international, get ready to close down in mid-November, BTCC will center of attention only on cryptocurrency change products and services and crypto wallets any further. Founded in June 2011 as BTCChina, the company which was once as soon as the sector’s second-largest virtual forex operator by means of quantity in October 2014, is believed to have virtually 150 staff as of late.
The corporate selected to stay the explanations for the shutdown non-public, however made it transparent that it stays a company believer of Bitcoin and the blockchain business, and turns out to be promising an eventual go back of its cryptocurrency mining pool.
“We firmly believe that the digital encryption assets and blockchain industry represented by Bitcoin will continue to develop and improve. You, remember, there will be echoes, we will see you again!”
Following the tightening of laws inside China’s crypto-space in early September 2017, BTCC’s Shanghai operation ceased buying and selling on its home change. The company close down buying and selling of cryptocurrencies corresponding to Bitcoin and Ether, and stopped accepting new customers.
BTCC has lately introduced a subsidiary in South Korea with an place of job situated in Gangnam. The operator has acquired ISO27001 certification, which is the world same old for info safety control machine, and South Korea’s knowledge coverage control machine certification.
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