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Binance Bitcoin Mining Pool Finds Only One Block in a Week Before Shutdown
(2 hours ago) · 1 source · Summarized by CryptoBipto
Binance's Bitcoin mining pool reportedly mined just one block over the course of a week as the pool approaches its planned shutdown. The declining activity reflects the pool's diminishing hash rate as miners migrate to other pools ahead of the closure.
WHY IT MATTERS
Bitcoin mining is the process by which new transactions are verified and added to the blockchain.
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SOURCES
- coindesk.com
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