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BTCC exchange is closing its mining pool business

BTCC, Hong Kong-based cryptocurrency exchange, is shutting down its mining pool business, BTCC Pool Limited, after 4 years in operation.

On November 6, BTCC Pool said that it would shut down all mining servers on November 15 and would cease operations indefinitely from November 30, citing the reason for the closure as “business adjustments”.

The company has now asked all member miners to switch their hashing power away from the pool before November 15, adding that it will release previously earned mining profits in time.

BTCC Pool said in today’s announcement that it believes that crypto assets and the blockchain industry will continue to “develop and improve.”