SBI Crypto to shut down mining pool that holds roughly 2% of Bitcoin’s hashrate
Miners must redirect their hashrate before the July 31 cutoff, as the pool will stop accepting contributions after that date.
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Summary
- SBI Crypto will shut down its Bitcoin mining pool on July 31, 2026, ending a service that accounts for approximately 2% of the network’s hashrate.
- Miners must redirect their hashrate before the July 31 cutoff, as the pool will stop accepting contributions after that date.
- SBI Crypto did not disclose a specific reason for the closure, which occurs amid pressure from falling bitcoin mining margins and rising operational costs.
