Spark Pool Will Not Serve Miners In China

Hello everyone,

In recent times, there have been some news, especially from China, that caused the price of bitcoin to fall. The last of these news was announced by the central bank of China. the People's Bank of China said that "Business activities conducted with virtual currency are illegal activities." "The criminal liability of those who carry out these activities will be investigated within the framework of the law," the statement said. After these statements, there was a decrease of approximately 5 percent in the price of bitcoin.

The People's Bank of China noted that the widespread exchange of Bitcoin and other virtual currencies in recent years has "disrupted the economic and financial order, increasing money laundering, illegal fundraising, counterfeiting, pyramid projects and other illegal criminal activities". They also stressed that all this "seriously jeopardizes the security of people's assets".

A response to these negative statements from China came from Spark Pool.

What Is Spark Pool?

Spark Pool is an ethereum mining pool. The world's largest Ethereum mining pool, Spark Pool, announced that it has taken some measures to avoid being affected by the latest bans. Spark Pool said that they will no longer be able to serve miners located in China.