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BTCC / Hashtag / frozen mining firm poolin amid liquidity
#Bnb #XRP #aave
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Why did poolin suspend bitcoin mining?

Mining units at a Bitcoin mining facility in Fort Stockton, Texas. Poolin, one of the largest providers of Bitcoin mining-pool services, has suspended all withdrawals, flash trades and internal transfers within the Beijing-based firm’s system, citing the need to preserve liquidity.

What is poolin & how does it work?

Poolin is the sixth-largest Bitcoin mining pool by computing power, according to data from btc.com. The firm also provides services to mine other coins such as Ethereum Classic. Poolin also mines Bitcoin itself. The Chinese firm has seen a significant drop in computing power in its mining pool over the last three days.

How does a winter blizzard affect mine operations?

Spring thaws create a quagmire of mud for mobile equipment, and winter blizzard conditions can cause snow drifting against structures and roads and freeze equipment. Hans Jonsson, mine manager tells MM that operating effectively in these conditions is all about planning. “It is good planning that makes our operations manageable.

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