Impending Closure Of Monero Largest Mining Pool Sparks Decentralization Debate

Impending Closure Of Monero Largest Mining Pool Sparks Decentralization Debate


Monero is the most popular privacy token in the space, and investors have flocked to it due to the anonymity it provides. Its community is widespread with a lot of miners, but one mining pool has dominated the hashrate of the privacy coin in the past. Minexmr, which is the largest mining pool, has, however, announced that it will be shutting down operations, triggering various debates in the space.

Monero Largest Mining Pool Shuts Down

Over the weekend, Minexmr announced that it will be shutting down operations permanently. The pool sees a total hashrate of 1.05 Gh/s as per data from the website, making it the largest Monero mining pool, controlling 42% of the entire network hashrate. 

In the announcement, the team offered no explanation

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