The second largest mining pool of Chia hard disk mining suddenly "ran away": closing the withdrawal channel

Chia hard drive mining has been very popular recently, and many people have invested heavily in upgrading hard drive mining, hoping that Chia can become the next Bitcoin. But don't forget the risks. The second largest mining pool UU "ran away" a few days ago, and 20,000 miners suffered.

It is not a legend that cryptocurrency platforms and mining pools pull the plug at critical moments. Usually, they use service upgrades and network failures as reasons. However, the reasons given by UU Mining Pool are much more advanced. They put the blame on Chia officials, saying that the Chia mining pool protocol is imperfect and the Chia team has not provided an effective solution.

According to their plan, in order to protect the rights and interests of miners, UU Mining Pool will stop operating the chia mining pool at 12 noon on May 17, 2021, and will close the withdrawal channel on May 21, 2021.

Chia hard disk mining was only listed for trading at the beginning of this month, but the platform ran away within half a month, which is faster than other currencies. It is reported that at least 20,000 miners and tens of millions of funds were affected.

As I said, the cryptocurrency world is extremely risky, so you need to be cautious when entering the industry.