Bitcoin
Bitcoin (BTC)
$64,403.00 3.21612
Bitcoin price
Ethereum
Ethereum (ETH)
$3,074.22 1.73399
Ethereum price
BNB
BNB (BNB)
$558.96 2.44112
BNB price
Solana
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$145.92 7.30676
Solana price
XRP
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$0.5026200 1.62851
XRP price
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$0.0000228 2.04478
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$0.0000052 4.0988
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Bonk
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$0.0000151 5.33557
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Bitcoin
Bitcoin (BTC)
$64,403.00 3.21612
Bitcoin price
Ethereum
Ethereum (ETH)
$3,074.22 1.73399
Ethereum price
BNB
BNB (BNB)
$558.96 2.44112
BNB price
Solana
Solana (SOL)
$145.92 7.30676
Solana price
XRP
XRP (XRP)
$0.5026200 1.62851
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000228 2.04478
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000052 4.0988
Pepe price
Bonk
Bonk (BONK)
$0.0000151 5.33557
Bonk price
Bitcoin
Bitcoin (BTC)
$64,403.00 3.21612
Bitcoin price
Ethereum
Ethereum (ETH)
$3,074.22 1.73399
Ethereum price
BNB
BNB (BNB)
$558.96 2.44112
BNB price
Solana
Solana (SOL)
$145.92 7.30676
Solana price
XRP
XRP (XRP)
$0.5026200 1.62851
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000228 2.04478
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000052 4.0988
Pepe price
Bonk
Bonk (BONK)
$0.0000151 5.33557
Bonk price
Bitcoin
Bitcoin (BTC)
$64,403.00 3.21612
Bitcoin price
Ethereum
Ethereum (ETH)
$3,074.22 1.73399
Ethereum price
BNB
BNB (BNB)
$558.96 2.44112
BNB price
Solana
Solana (SOL)
$145.92 7.30676
Solana price
XRP
XRP (XRP)
$0.5026200 1.62851
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000228 2.04478
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000052 4.0988
Pepe price
Bonk
Bonk (BONK)
$0.0000151 5.33557
Bonk price
SirWin
SirWin
SirWin

OKX shuts down mining pools after five years of operation

okx-shuts-down-mining-pools-after-five-years-of-operation
Edited by
News
OKX shuts down mining pools after five years of operation

Cryptocurrency exchange OKX said it will discontinue mining pool and related services due to “business adjustments” as Bitcoin halving looms.

In a press release on Jan. 26, crypto exchange OKX announced the shutdown of its mining pool services, effective immediately for new-user registrations, with existing users permitted to use the service until Feb 25. Following the deadline, all mining pool-related services will be discontinued.

“Due to business adjustments, OKX will discontinue Mining Pool and related services shortly. We apologize for any inconvenience that may cause you.”

OKX

According to data from Mining Pools, OKX secured the 36th position among the top 70 Bitcoin-focused mining pools, with a total hash rate slightly exceeding 496 TH/s.

OKX launched mining pool services in October 2018, and offered support for cryptocurrencies such as Bitcoin (BTC), Litecoin (LTC), Ethereum Classic (ETC), and Decred (DCR). The latest move comes as Bitcoin is about to undergo its fourth halving in April, which is expected to reduce miner rewards from 6.25 to 3.125 BTC.

Bitcoin halving occurs approximately every four years, specifically every 210,000 blocks. This mechanism is intrinsic to Bitcoin’s design to combat inflation and preserve its value over time. During the halving, the reward for mining new blocks is cut in half, reducing the rate at which new Bitcoins are created and, consequently, the total supply of Bitcoins in circulation.

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