Chinese Mining Pool Poolin Acquires North American Competitor NovaBlock
China-based mining pool Poolin, which contributes the second-largest amount of hash rate of any single entity on the Bitcoin network, has acquired NovaBlock, a North American pool with offices in St. Jose, California and Calgary, Canada. The takeover will net Poolin an additional 1,681.83 petahashes per second (PH/s) in mining capacity, per data from BTC.com, further increasing its hash power dominance. In a recent announcement, NovaBlock, which launched in 2019, outlined the planned hash migration, which will take place today. According to BTC.com, Poolin manages a hash rate of....
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