Crypto miner Poolin suspends BTC and ETH withdrawals, citing 'liquidity issues'
"We will take a snapshot of the remaining BTC and ETH balances on the pool on September 6 to calculate the balances," Poolin said.< / p>
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Poolin, one of the largest Bitcoin mining pools by hash rate, has announced that it has temporarily suspended Bitcoin and Ether withdrawals from its wallet service due to “liquidity issues” .
In an announcement on Monday, Poolin said its wallet service was “facing liquidity issues due to the recent increase in withdrawal requests” and planned to temporarily halt Bitcoin (BTC) payments and of Ether (ETH). In its Telegram channel, Poolin's support told users it was "difficult to name a specific date" when it would resume normal service, but hinted it could be a matter of days, while the page help stated, "time and recovery plans will be released within 2 weeks.”
“Rest assured that all user assets are safe and the company's net worth is positive,” Poolin said. “We will take a snapshot of the remaining BTC and ETH balances on the pool on September 6 to determine the balances. Coins mined daily after September 6 will normally be paid per day. Other rooms are not affected."
Launched in 2017, Poolin is a China-based mining pool that operates under Blockin. According to data from BTC.com, the company was responsible for around 10.8% of BTC blocks mined in the past 12 months, becoming the fourth largest mining pool behind Foundry USA, AntPool and F2Pool.
Bitcoins mining pool distribution based on mined blocks. Source: BTC.comRelated:
"We will take a snapshot of the remaining BTC and ETH balances on the pool on September 6 to calculate the balances," Poolin said.< / p>
New
Poolin, one of the largest Bitcoin mining pools by hash rate, has announced that it has temporarily suspended Bitcoin and Ether withdrawals from its wallet service due to “liquidity issues” .
In an announcement on Monday, Poolin said its wallet service was “facing liquidity issues due to the recent increase in withdrawal requests” and planned to temporarily halt Bitcoin (BTC) payments and of Ether (ETH). In its Telegram channel, Poolin's support told users it was "difficult to name a specific date" when it would resume normal service, but hinted it could be a matter of days, while the page help stated, "time and recovery plans will be released within 2 weeks.”
“Rest assured that all user assets are safe and the company's net worth is positive,” Poolin said. “We will take a snapshot of the remaining BTC and ETH balances on the pool on September 6 to determine the balances. Coins mined daily after September 6 will normally be paid per day. Other rooms are not affected."
Launched in 2017, Poolin is a China-based mining pool that operates under Blockin. According to data from BTC.com, the company was responsible for around 10.8% of BTC blocks mined in the past 12 months, becoming the fourth largest mining pool behind Foundry USA, AntPool and F2Pool.
Bitcoins mining pool distribution based on mined blocks. Source: BTC.comRelated:
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