Mining Pools Up The Ante By Offloading Additional Bitcoin To Exchanges

Mining pools are a way to pool resources, so they can mine Bitcoins together and share rewards among many people. The idea is that people share their computing power so they can mine more efficiently than if they were mining alone.

These groups have been around in one form or another since 2009, but their popularity has increased in recent months as the price of Bitcoin has increased. Today, there are hundreds of pools to choose from, each with its own strengths and weaknesses.

The most notable are AntPool, SlushPool, and BTC.com. However, there are also others, like GigaHash and ViaBTC that offer alternative mining algorithms for those who want to try something different.

Mining increases stakes by offloading more bitcoins to exchanges

According to a report from Cointelegraph Japan, some mining pools have started transferring their excess bitcoins to exchanges (or at least intend to do so).

Cointelegraph Japan reported that two mining pools based in China – BTC.com and Poolin – have both announced plans to sell some of their mined bitcoins through crypto exchanges. The move comes after the People's Bank of China (PBOC) issued a statement earlier this week saying it would