BTCC, China’s earliest Bitcoin exchange, is closing down its mining swimming pool, which has actually been running for more than 4 years, the business revealed. The company declares the choice to stop operations forever from November 30 is because of company modifications.
BTCC’s Mining Swimming pool to Stop Operations Forever from November 30
The cryptocurrency mining swimming pool introduced by Hong Kong-based Bitcoin exchange BTCC has actually been active given that 2014.
Stating that the company has actually made the assistance and trust of the miners by offering a steady and transparent mining service for miners with security and low latency 24/ 7, BTCC asked digital currency miners to conclude their activity on the platform prior to the shutdown on November 15.
” Today, we are sorry for to reveal that due to company modifications, the BTCC swimming pool will close down all mining servers on November 15 and will stop operations forever from November30 In order to prevent unneeded losses, please miners to finish the power switch prior to November 15 th, and bind the mining earnings address prior to November 20 th, we will launch the revenues of all miners in time.”
Established by Stanford science computer system graduate Bobby Lee, bro of Litecoin creator Charlie Lee, the BTCC mining swimming pool supports BTC, BCH, LTC, SBTC, BCD, and BTM mining.
As the swimming pool’s servers, released in tactical areas worldwide, prepare to close down in mid-November, BTCC will focus entirely on cryptocurrency exchange services and crypto wallets from now on. Established in June 2011 as BTCChina, the company which was when the world’s second-largest digital currency operator by volume in October 2014, is believed to have nearly 150 staff members today.
The business picked to keep the factors for the shutdown personal, however made it clear that it stays a company follower of Bitcoin and the blockchain market, and appears to be assuring an ultimate return of its cryptocurrency mining swimming pool.
” We strongly think that the digital file encryption possessions and blockchain market represented by Bitcoin will continue to establish and enhance. You, keep in mind, there will be echoes, we will see you once again!”
Following the tightening up of policies within China’s crypto-space in early September 2017, BTCC’s Shanghai operation stopped trading on its domestic exchange. The company closed down trading of cryptocurrencies such as Bitcoin and Ether, and stopped accepting brand-new users.
BTCC has just recently launched a subsidiary in South Korea with a workplace situated in Gangnam. The operator has actually gotten ISO27001 accreditation, which is the worldwide requirement for info security management system, and South Korea’s info security management system accreditation.
Included image from Shutterstock.