Amid declining mining profits, Hong Kong based exchange will shut down its mining pool business, BTCC Pool Limited, that has functioned for four years.
BTCC plans to wrap up operations of its mining pool, BTCC Pool Limited, launched in 2014. All servers will be shut down before November 15. Clients have been asked to transfer all their computing power to other pools before the above date and share the address to get remaining assets before November 20. The users were promised to receive all payments in a timely fashion.
The pool itself will close its doors at the end of the month. In summer BTCC pool generated 1.1% of hash rate in bitcoin network, according to Blockchain.info. Currently, it’s share is so insignificant, that the number is no longer reflected on the site.
Company reps expressed their regret at pool’s closure and said that they believe that crypto assets and the blockchain industry will continue to develop and improve.