The world’s largest Ethereum mining pool says it will no longer serve Chinese miners

HeadlinesNewsThe world’s largest Ethereum mining pool says it will no longer serve Chinese miners

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The world’s largest Ethereum mining pool says it will no longer serve Chinese miners

The Block2 months ago
Published on September 24, 2021 15:28 GMT+00:00edited on September 27, 2021 17:24 GMT+00:00

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The world's largest Ethereum mining pool has said it will stop providing services to miners based in mainland China.

Hangzhou-based Sparkpool said in an announcement on Friday it will release more details about the suspension. At the same time, Sparkpool said the decision is in response to the latest regulatory policy pronouncements out of China.

The news comes just hours after the People's Bank of China and the National Development and Reformation Commission (NDRC) dropped statements regarding further crackdowns on crypto trading and mining activities. 

Sparkpool is currently the largest Ethereum mining pool based on real-time hash rate as of press time, which accounted for about 20% of the network's total and is followed closely by Ethermine.

In a statement signed in early September but …