Binance to Shut Down Bitcoin Mining Pool
Binance announced the closure of its Bitcoin mining pool despite generating $233 million in revenue during the third quarter.
According to AMBCrypto, cryptocurrency exchange Binance is shutting down its Bitcoin mining pool. The closure comes despite the division posting $233 million in revenue during the third quarter.
Operational Wind-Down
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The decision affects participants utilizing the exchange's mining infrastructure to pool computational resources for Bitcoin block rewards. Further details regarding the exact timeline for the shutdown were not provided in the initial report.
Key facts
- Binance is shutting down its Bitcoin mining pool.
- The mining division generated $233 million in revenue during Q3.
- The announcement was reported by AMBCrypto.
Source: news.google.com
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