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#cloud mining

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Binance Bitcoin Mining Pool Finds Just One Block in a Week as Shutdown Nears
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Binance Bitcoin Mining Pool Finds Just One Block in a Week as Shutdown Nears

Key Highlights Binance Pool mined only one Bitcoin block over a seven-day period, accounting for a mere 0.11% of the network’s production. The sharp drop in hash rate precedes the mining pool’s scheduled permanent shutdown on November 10. Binance will terminate all associated services at 07:00 UTC Tuesday, including block rewards, cloud mining, pool savings, ...

BitFuFu May Abandon 80 MW Ethiopia Bitcoin Mine Acquisition Over Power Dispute
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BitFuFu May Abandon 80 MW Ethiopia Bitcoin Mine Acquisition Over Power Dispute

Key Highlights BitFuFu’s planned acquisition of an Ethiopian mining facility has stalled due to unfulfilled conditions and an unresolved local power supplier dispute involving the target firm. The company has deployed roughly 13,700 Bitmain Antminer S19 units and paid $4.1 million in cash, warning there is a material risk the acquisition may never close. Total ...