Bitcoin exchange CEX.IO has revealed plans to cancel its trading fees for a one-week period amid mining market woes.
CEX.io has announced that it is suspending its cloud mining service owing to unprofitability and the recent drop in the price of bitcoin.
Bitcoin mining pool operator GHash.io has generated roughly 400,000 BTC in just over 12 months of operation.
Tensions have eased following the mining industry's summit, but we're still in an ASIC arms race, argues Jon Matonis.
Organized by GHash.io and CEX.io, attendees failed to agree on a fix but laid the foundation for possible solutions.
While mining pools offer better returns for miners, they have caused concerns over their power over the bitcoin network.
CEX.IO has issued a statement addressing the mining pool's growing size and influence over bitcoin's core infrastructure.
Due to fears that Ghash.io would reach 51% of the bitcoin network, BitFury is withdrawing resources from the pool.
As Ghash.io’s hashrate approaches 51% there has been no word from the pool's operating exchange, CEX.IO.
Bitcoin miners around the world are leaving Ghash.io, following a significant increase in the pool’s hash share.