Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»ADOPTION NEWS»OKX plans to phase out mining pools and related services.
ADOPTION NEWS

OKX plans to phase out mining pools and related services.

By Crypto FlexsJanuary 26, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
OKX plans to phase out mining pools and related services.
Share
Facebook Twitter LinkedIn Pinterest Email

Posted 1 minute ago In ~

OKX, one of the largest cryptocurrency exchanges by trading volume, announced that it will gradually discontinue mining pool services starting today.

The company will stop registering new users starting January 26, while existing users will continue to be able to use the pool until February 25. All services related to OKX mining pool will be discontinued on February 26th.

OKX, which rebranded from OKEx in January 2022, said the decision was made due to “business adjustments” but did not elaborate further.

OKX’s pools previously supported mining several proof-of-work cryptocurrencies and providing staking services. However, many of the supported assets have already been shut down in recent years, and currently only Bitcoin, Litecoin, and Ethereum Classic full services are listed on the website, with a total of 19 active miners.

OKX hash rate drops due to suspension of withdrawals

At one point, OKX’s Bitcoin mining pool grew to approximately 5% of the blocks mined on the network.

However, after withdrawals from cryptocurrency exchanges were temporarily suspended on October 16, 2020 (because one of the private key holders was “cooperating with the Public Security Bureau’s investigation”), the hash power connected to the pool fell sharply from 9,000 PH/s. . It increased to 20 PH/s and has had trouble recovering since. The pool’s current 528TH/s represents less than 0.0001% of Bitcoin’s total hashrate.

The Block has reached out to OKX for comment.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

James Hunt is a reporter for The Block, based in the United Kingdom. As a writer for The Daily newsletter, James also brings you up to speed on the latest cryptocurrency news every week. Before joining The Block in 2022, James spent four years in the industry as a freelance writer, contributing content to publications and cryptocurrency projects. James’ coverage ranges from Bitcoin and Ethereum to layer 2 scaling solutions, avant-garde DeFi protocols, evolving DAO governance structures, modern NFTs and memecoins, regulatory environments, cryptocurrency company trading, and the immersive metaverse. It’s all-encompassing. You can reach James on Twitter or Telegram via @humanjets or email him at (email protected).
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

XRP Open Interests decrease by $ 2.4B after recent sale

July 30, 2025

KAITO unveils Capital Launchpad, a Web3 crowdfunding platform that will be released later this week.

July 22, 2025

Algorand (Algo) Get momentum in the launch and technical growth.

July 14, 2025
Add A Comment

Comments are closed.

Recent Posts

ETH Meme Coin Pepeto Ends Stage 6 With $5.770.000 Raised In Presale

July 31, 2025

PowerBank And Intellistake Announce Strategic Alliance To Pioneer Digital Currencies, Including Bitcoin Treasury Integration And RWA Tokenization

July 31, 2025

Strategic Ettterim Protection Zone surpasses $ 10 billion as institutional interests increase.

July 31, 2025

Tethers we target the Stablecoin market and quote the path of genius behavior.

July 31, 2025

Pepescape Crypto Presale Raises $1M As Ethereum Eyes $6K, Community-Owned Exchange Gigacex Unveiled

July 30, 2025

Midl Secures $2.4M Seed Investment From Draper Associates And Draper Dragon To Pioneer Native DApp Infrastructure On Bitcoin

July 30, 2025

LayerBTC starts $ LBTC ICO to power the new Bitcoin Layer 2 for Apps and Defi.

July 30, 2025

Asia Morning Briefing: SEC’s in -kind BTC, ETH ETF reduction shift occurred in Hong Kong a few years ago.

July 30, 2025

XRP Open Interests decrease by $ 2.4B after recent sale

July 30, 2025

Is it really possible to sell Memecoins?

July 29, 2025

Encryption Inheritance Update: July 2025

July 29, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

ETH Meme Coin Pepeto Ends Stage 6 With $5.770.000 Raised In Presale

July 31, 2025

PowerBank And Intellistake Announce Strategic Alliance To Pioneer Digital Currencies, Including Bitcoin Treasury Integration And RWA Tokenization

July 31, 2025

Strategic Ettterim Protection Zone surpasses $ 10 billion as institutional interests increase.

July 31, 2025
Most Popular

Apex Legends AI art controversy from FF7 Rebirth event raises industry concerns

January 8, 2024

Solana reaches 5 mln every day. New address: Will SOL reach the new top?

February 10, 2025

Korea cracks down on cryptocurrency, bans credit card purchases

January 4, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.