China-based Beepool, one of the largest mining pools of the Ethereum (ETH) blockchain in terms of the amount of blocks produced, has decided to stop its mining activities.
- According to the statement made on Tuesday, users after 15 October He will not be able to use Beepool’s services.
- Beepool, which has been in service for four years, is now won’t get new user registration explained.
- on the Ethereum network so far More than 122,000 blocks Beepool, which produces 6.1% of all blocks produced in the last two weeks, according to Etherscan data.
- Besides Beepool ether (ETH), it also mines Ravencoin (RVN).
- It was stated that the decision to cease mining activities was taken due to the “most up-to-date regulatory policies”.
- The statement released by the People’s Bank of China last week, increasing the pressure on the crypto money industry, also terminated the activities of Sparkpool, the second largest pool of the Ethereum network. led to the decision.
The article titled “Mining Pool Beepool Stops Operations in China” was prepared by Ömer SAKMAR and published on koinbulteni.com.