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Poolin’s virtual currency mining pool announced Stop withdrawing Bitcoin (BTC) and Ether (ETH) from wallet services.
In the announcement, Pullin said:
We would like to inform you that the withdrawal option for Pool Account and Poolin Wallet is disabled while setting up your payment wallet address. It is done on a regular basis.
Poolin has temporarily suspended withdrawals due to “liquidity issues” due to the recent increase in withdrawals.
Poolin’s support said on their Telegram channel that it was impossible to give an exact time when normal operations would resume and that it might not be long. However, the mining pool’s help page indicated that the reopening plan would be announced two weeks after him.
A Telegram note states:
Dont worry, all user assets are safe and the company net worth is positive. To calculate the balance, we will create a snapshot of the balance of BTC and ETH remaining in the pool on September 6th. Daily mined coins after September 6th are generally paid out on a per day basis.Other coins will not be affected.
Poolin is a mining pool headquartered in China. Founded in 2017, it is his fourth largest cryptocurrency mining pool in the world. His other three largest mining pools are Foundry USA, AntPool, and F2Pool.
Poolin has mined approximately 10.8% of Bitcoin blocks in the last 12 months.
