China-based Poolin, the second largest Bitcoin mining pool, acquired the North American mining pool NovaBlock. According to a public announcement made to business partners, NovaBlock announced that all hashrates will automatically switch to Poolin starting February 8.
NovaBlock's transition to 1.07 exahash (EH / s) hashrate per second will combine with Poolin's 12.28 EH / s. The key will not affect the rewards. After the purchase, Poolin will have a 23 EH hashrate.
According to the received data, Poole ranks second in terms of the seven-day moving average of 15.79 hashrate hashrat and 7D on the EH / h, which is the largest Bitcoin mining pool will continue to take place under f2pool
NovaBlock team believes the purchase will benefit all customers. They also noted that the decision was part of Poolin's long-term plans to expand their reach to growing regions such as North America.
The mining pool was launched in August 2019 and also assured customers that all pool fees will not change during this purchase.
After the transition, NovaBlock customers will receive a 1-month zero miner pool fee on Poolin to encourage all customers to join the Chinese mining pool.
