Another Major Ethereum Mining Pool Has Shut Down Due to China Crypto Ban

From decrypt.co

A day after SparkPool, the second-largest Ethereum mining pool in the world, announced it would cease operations, the fourth-largest mining group has joined it. BeePool, based in China, announced today it would shut down on October 15 just before midnight and says it has stopped registering new users. BeePool said the closure came "in response to the latest regulatory policies." SparkPool also cited "regulatory requirements." According to data from the Etherscan block explorer, the two mining pools are responsible for over one-quarter of all ETH mined. Mining is the process by which transactions are processed and ... (full story)