0 sats \ 2 replies \ @BTCMiner 5 Sep 2022 \ on: Bitcoin Mining Pool 'Poolin' (10% of Hash) Appears Insolvent: Withdrawals Frozen bitcoin
The link to Poolin's blog post:
Announcement on settlement adjustment and ZERO fee promo https://help.poolin.me/hc/en-us/articles/10207618877977-Announcement-on-settlement-adjustment-and-ZERO-fee-promo
And here's an article on CoinDesk:
Poolin, One of the Largest Bitcoin Mining Pools, Suspends Withdrawals From Wallet Service https://www.coindesk.com/business/2022/09/05/poolin-one-of-the-largest-bitcoin-mining-pools-suspends-withdrawals-from-wallet-service https://archive.ph/6rEei
And here's a Tweet that kicks off a good thread on this:
Running an FPPS pool is not an easy task.
Poolin has managed to build an impressive business given how many challenges they have faced over the years. Its been an interesting journey 👇👇
https://www.coindesk.com/business/2022/09/05/poolin-one-of-the-largest-bitcoin-mining-pools-suspends-withdrawals-from-wallet-service
https://nitter.it/ethan_vera/status/1566842431651315712 <-- Shows the thread in a single, easy-to-read, web page
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0 sats \ 1 reply \ @BTCMiner 5 Sep 2022
Correction on above ... this is actually the post on their blog:
Sep 5th - Announcement on the Temporary Suspension of Withdrawals https://medium.com/@PoolinWalletOfficial/sep-5th-announcement-on-the-temporary-suspension-of-withdrawals-96a8915bcff0
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0 sats \ 0 replies \ @BTCMiner 6 Sep 2022
Here's a Tweet that kicks off good Twitter thread indicating this could finish Poolin.
How to destroy your share of the #Bitcoin ecosystem in one step.
  1. Halt withdrawals
Which is what, Poolin, one of the world’s oldest and largest pools has now done, citing liquidity concerns.
What does this mean? A 🧵
https://i.postimg.cc/xCQyjQNm/image.jpg
[Nitter]
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