BTCC to close mining operations at end of November | CryptoNews



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This Bitcoin mining pool is part of a BTCC company's crypto-coins business line, which includes a digital portfolio called Mobi, launched in early 2017, and a USD / BTC exchange house.

The trading platform, founded in 2011, was first known as China BTC. It was one of the oldest and the three largest in the Asian country before the ban on crypto-currency trading in September 2017. In January of this year, cryptobolsa was commercially acquired by a Hong Kong-based investment fund which, despite being little known promised to give BTCC greater projection to promote the adoption of crypto-currents throughout the world.

At the end of June this year, the BTCC agreed to sell a 49% stake in its group worth approximately $ 18 million to the Hong Kong-based financial services company. Value Convergence Shares. The agreement was not binding, as it made clear that its terms were subject to negotiation between the parties, and could materialize or not.

Last July BTCC relaunched its platform and announced a plan to issue its own tokens. By that date, he offered to support bitcoin, litecoin, ether and bitcoin, which could be exchanged for dollars. Expectations indicated that supply could be expanded in the following months, depending on demand. Even the vice president of the house of change, Aaron Choi, estimated that the company could be placed in the top 10 of the cryptography market.

Meanwhile, in the cryptomeo mining area in June 2018, the pool accounted for only 1.4% hashrate of Bitcoin. This is in a mining market dominated by pools such as BTC.com, ViaBTC, AntPool, F2Pool and BTC.TOP, which account for most of the processing power of the block chain, with 18.1%, 14.8%, 14 , 1%, 12.1% and 9.4%, respectively, according to the statistics Blockchain.info. Currently, the BTCC hash is very small to register on the site.

Featured image of Myst / stock.adobe.com

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