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The miner agreed to buy an 80-megawatt Ethiopian site almost two years ago, and on September 28 the facility's power supplier gave its operator ten days to pay a disputed bill or lose collateralized equipment. BitFuFu says it is weighing termination and arbitration against the sellers.
Shares submitted after 07:00 UTC that day will not be credited, and miners have until then to repoint equipment and close Pool Savings positions. Binance gave no reason beyond a review of its products and published no hashrate figure for the pool.
The Nasdaq-listed miner's managed hashrate more than halved year on year to 15.3 EH/s, and FUFU shares dropped 17% before the open on Monday.
Cloud mining provider Genesis Mining announced in August 2018 that it would terminate unprofitable bitcoin contracts after miners' daily outputs fell below maintenance fee requirements during an extended cryptocurrency market downturn.
Zeushash, the cloud mining service operated by Chinese hardware manufacturer Zeusminer, negotiated new terms with suppliers that save the operation from shutdown. Bitcoin's price collapse reduced dail
Bitcoin mining had quite a year in 2014. The industry faced a serious centralization scare when Ghash.io threatened a 51% attack on the network at the start of 2014. Near the year's end, mining diffic
