Main navigation

Biggest Bitcoin Mining Pool Bans Chinese Miners

News
Mon, 09/27/2021 - 19:32
article image
Alex Dovbnya
Leading mining pool F2Pool has started banning users from China
Biggest Bitcoin Mining Pool Bans Chinese Miners
Cover image via stock.adobe.com
Read U.TODAY on
Google News

Mining pool F2Pool has started purging miners from mainland China, according to local crypto media outlet 8BTCnews.

From now on, Chinese customers will have their accounts suspended or terminated.  

F2Pool is the oldest Bitcoin mining pool, which was founded all the way back in May 2013.

With an 18.14% share of the global hashrate, it is also the biggest mining pool.

Related
China's Anhui Province to Ban Bitcoin Mining

Earlier today, Chinese Ethereum mining pool Sparkpool closed up shop. Last week, it made an announcement about halting services for Chinese customers.

As reported by U.Today, crypto exchange Huobi also announced Sunday that all of its users from mainland China would be gradually blocked by the end of this year.

China recently stepped up its crackdown on all things crypto, with the central bank recently declaring all business activities related to cryptocurrencies illegal.

Industry observers claim that this is the Chinese government’s harshest crypto ban to date.

article image
About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.