BeePool


Videos

Chinese Ethereum Mining Pool BeePool to Shut Down Following Crypto Ban

"The Hash" team discusses the latest blow to the mining community, suggesting the outlook for global mining operations. China-based BeePool, the world's fourth-largest Ethereum mining pool by processing power, or hashrate, which halted registrations for new users and new subsidiary accounts for existing users, will suspend all services to miners beginning Oct. 15 at 15:59 UTC (11:59 a.m. ET). This follows SparkPool, another top Chinese Ethereum mining pool, suspending operations.

Recent Videos

Finance

Chinese Ethereum Mining Pool BeePool to Shut Down Following Crackdown

The firm’s move came just after SparkPool, another top Chinese Ethereum mining pool, announced it was suspending operations.

Graphics processing units (GPUs) used to mine the Ethereum and Zilliqa cryptocurrencies at the Evobits crypto farm in Cluj-Napoca, Romania, on Wednesday, Jan. 22, 2020. The world’s second-most-valuable cryptocurrency, Ethereum, rallied 75% this year, outpacing its larger rival Bitcoin. Photographer: Akos Stiller/Bloomberg

Pageof 1