The world’s second-highest hashrate Chinese mining pool Poolin absorbed the NovaBlock pool to expand into the North American market.
The hashrate migration should end on February 8th. The hash rate of NovaBlock is just over 1 exa hash per second, and the Poolin miners generate 12.28 Eh / s (based on a seven-day moving average). After absorption, the total hash rate of Poolin will reach 13.35 Eh / s. Despite the takeover, Poolin will remain the second in the pool rating – the first line is occupied by F2Pool with a hash rate of 15.8 Eh / s.
After the transfer of the hashrate to Poolin, NovaBlock will continue to operate independently, said Alejandro De La Torre, vice president of the Chinese pool. The rest of the NovaBlock business will also remain unaffected.
As one of the main reasons for choosing NovaBlock, De La Torre named Poolin’s aspiration to become an “international pool”, and NovaBlock’s hash rate “helps in achieving this goal.”
The Poolin VP also noted that the pool plans to expand the functionality of its Poolin Wallet in the future. Another priority for the company is the development of the MARS project, which “connects centralized and decentralized financing for bitcoin mining.”
Recall that the growth of the cryptocurrency market allowed Bitcoin and Ether miners to earn more than $ 1.89 billion in January. At the same time, Bitcoin miners received $ 1.09 billion, and the remaining $ 800 million fell to the share of ETH miners.
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