Crypto exchange OKX will discontinue its mining pool services due to “business adjustments” reasons, according to a Jan. 26 statement.
The platform said it had halted new customer registrations, effective immediately. Existing users will retain access to the platform until Feb. 25, after which all mining pool-related services will be discontinued by Feb. 26.
“Due to business adjustments, OKX will discontinue Mining Pool and related services shortly. We apologize for any inconvenience that may cause you,” OKX stated.
OKX has yet to respond to CryptoSlate’s request for comments as of press time.
Mining pools enhance block-solving efficiency by consolidating computational power from multiple miners. This collaboration enables miners to earn cryptocurrencies by collectively tackling the computational requirements of cryptocurrency mining, ensuring a more stable income.
OKX’s decision marks the end of a service it initiated in 2018. The firm’s pool supported several Proof-of-W
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