Chinese mining pool Poolin has obtained the hashrate of its competitor NovaBlock intending to expand in North America.
The hashrate transfer will end on February 8th. The NovaBlock hashrate, 1.07 exaches per second (EH/s), will be combined with 12.28 EH/s Poolin.
After the purchase, Poolin will remain in second place in the ranking of mining pools, increasing its total hash rate to 13.35 EH/s. At the moment, the most comprehensive Bitcoin mining pool is F2Pool, with a hashrate of 15.79 EH/s.
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At the end of last month, Foundry, a subsidiary of the Digital Currency Group (DCG), entered the top 10 largest mining pools in the world. DCG CEO Barry Silbert said Foundry plans to enter the top 5 mining pools soon and become the largest pool in the US.