Crypto Miners to Sell Mining Devices by Weight in China

Additionally, F2Pool founder reports that tens thousands of devices were turned off after price drop
23 November 2018   651

The founder of the sixth largest mining pool F2Pool published a video in which a huge number of mining devices are simply unloaded onto each other near an unknown building. He also shared a photo of a person who allegedly sells or buys miners by weight from his WeChat account.

Note that some users are convinced that the video and photos captured the effects of the June floods in Sichuan province, when several large mining farms were allegedly destroyed.

The founder of F2Pool added that he was not sure exactly when the video was shot, but shared photos from his own sites, and said that tens of thousands of devices were disconnected, since bitcoin mining for some people was no longer profitable after the recent price collapse.

Hashrate of the Bitcoin network has shown a significant drop in the last 30 days. 

Sparkpool to Freeze $300k Reward

As reported, pool suggests that such a high commission could have been paid by someone in error and is considering the possibility of a refund
20 February 2019   105

The Sparkpool mining pool decided to freeze the remuneration in the amount of 2,103,1485 for the extraction of block # 7,238,290. The management of the organization suggests that such a high commission could have been paid by someone in error and is considering the possibility of a refund, CoinDesk reports.

The head of the Sparkpool Xin Xu argues that users of the pool understand and agree with the decision, given the size of the amount involved.

Unfortunately, and fortunately, blockchain is so far not completely run by machines; human are still involved. So we have an opportunity to correct the problem. Integrity is our pool’s priority.
 

Xin Xu

CEO, Sparkpool

While some users suggested that a large commission was paid by mistake, others admitted that this could be a goodwill gesture from an anonymous donor to the community of the miner or even an attempt to launder money through the blockchain cryptocurrency.