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Binance shuts down bitcoin mining pool after hashrate plunge
Original: Binance is shutting down its bitcoin mining pool after hashrate crashed 65%
Binance is closing its bitcoin mining pool after the pool's hashrate collapsed by roughly 65%, according to Fortune. The exchange is winding down the service, which let miners pool computing power to earn bitcoin rewards. The steep drop in hashrate suggests miners had already been leaving the pool in large numbers before the shutdown decision.
Why now: The sudden collapse of a major crypto exchange's mining operation signals renewed turbulence in the bitcoin mining business.
Evidence
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