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SBI Crypto is closing its Bitcoin ($BTC) mining pool on July 31, ending an operation that ran for more than five years.
At the time of the announcement, the pool held 12th place in the global rankings and commanded approximately 2.2% of the network's total hashrate.
What a Mining Pool Is — and Why Its Exit Matters A Bitcoin mining pool is a cooperative arrangement in which individual miners combine their computing power to improve their collective odds of earning block rewards.
Rather than each miner racing alone against the entire network, pool participants work together and divide payouts in proportion to the computing work each one contributed.
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