Poolin Bitcoin mining hash rate share falls by 94% from ATH

01/07 02:44

China-based Bitcoin mining pool, Poolin, registers a record decline in hash rate share to 1% from its all-time high of 18% – a 94% decline, according to data from Glassnode. Poolin contributed 4354 blocks in the Bitcoin mining pool with a hash rate share of 8.182% if we extend the timeline to a year. But, in 2022, Bitcoin mining suffered a significant blow due to increasing mining difficulty, declining Bitcoin prices, and miners closing their businesses due to declining profitability.
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