The Monero (XMR) cryptocurrency mining pool called MineXMR has announced its closure. The platform team asked miners to reconfigure their equipment to other pools by August 12.The MineXMR mining pool is the largest pool on the Monero network. As of August 1, about 9.5 thousand miners remain on the platform, the pool hashrate is 1.08 Gh / s (gigahash per second). At the same time, the total hashrate of the Monero network is about 2.6 Gh/s.
The platform team does not name the official reason for the closure. Back in February, members of the Monero community expressed dissatisfaction with the MineXMR pool and called for a boycott of the site. The fears of users were caused by the fact that the pool took control of almost 48% of the network hashrate. This worried the anonymous cryptocurrency community due to the close possibility of a 51% attack on the Monero ecosystem by pool leaders (an attack where the owner of more than half of the network’s computing power can manipulate blockchain data).
Monero (XMR) was created in 2014. The protocol of the coin includes mechanisms that make the blockchain completely anonymous. Monero is currently the largest privacy coin with a market capitalization of $2.8 billion with a daily trading volume of $126 million. As of August 1, the XMR token is worth about $157, according to Coingecko. The cryptocurrency reached its maximum price at $542 in January 2018.Due to the high anonymity of the coin, financial regulators from different countries impose bans on its circulation. Because of this, the listing of Monero had to be abandoned by crypto exchanges in Japan and South Korea.
Source:
https://www.rbc.ru/crypto/news/62e7e0009a7947dd15fee210
