{"id":50238,"date":"2021-09-27T17:20:47","date_gmt":"2021-09-27T14:20:47","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=50238"},"modified":"2025-09-02T16:59:25","modified_gmt":"2025-09-02T13:59:25","slug":"sparkpool-to-cease-operations-in-china-and-abroad-f2pool-to-restrict-services-in-china","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/sparkpool-to-cease-operations-in-china-and-abroad-f2pool-to-restrict-services-in-china\/","title":{"rendered":"SparkPool to cease operations in China and abroad; F2Pool to restrict services in China"},"content":{"rendered":"<p>The largest Ethereum mining pool, SparkPool, will cease operations in China and abroad.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"und\" dir=\"ltr\"><a href=\"https:\/\/t.co\/hLPamoSwk1\">pic.twitter.com\/hLPamoSwk1<\/a><\/p>\n<p>\u2014 SparkPool (@sparkpool_eth) <a href=\"https:\/\/twitter.com\/sparkpool_eth\/status\/1442469776228372499?ref_src=twsrc%5Etfw\">September 27, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;The complete shutdown of all services and operations for existing users both inside the country and abroad is planned for September 30, 2021,&#8221; the statement says.<\/p>\n<\/blockquote>\n<p>Earlier SparkPool <a href=\"https:\/\/forklog.com\/en\/news\/sparkpool-stops-servicing-users-in-china\">refused to serve users<\/a> in mainland China. Representatives of the pool explained this decision as a desire to &#8220;comply with the latest regulatory requirements&#8221;.<\/p>\n<p>On September 27, journalist Colin Wu reported that the mining pool F2Pool &#8220;will not provide services to China&#8221; and may close or block accounts.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">When miners log in to F2Pool, they are required to agree to a statement: F2Pool will not provide services to China. F2Pool unilaterally reserves the right to restrict or cancel services in specific areas. F2Pool may freeze or terminate these accounts. <a href=\"https:\/\/t.co\/SKqgCIuGgR\">pic.twitter.com\/SKqgCIuGgR<\/a><\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1442478340498067458?ref_src=twsrc%5Etfw\">September 27, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On September 24, details emerged of <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-slips-below-42000-as-china-tightens-crypto-trading-regulation\">the latest crackdown by China<\/a> on the cryptocurrency industry. The National Development and Reform Commission of the PRC pointed to the negative environmental impact of mining and its &#8220;insignificant&#8221; contribution to the country&#8217;s economy.<\/p>\n<p>The People\u2019s Bank of China characterized as illegal the platforms that facilitate exchange of digital assets among themselves or for fiat. Previously, Wen Xinxian, the director of the PBoC&#8217;s Payments and Settlements Department, described cryptocurrencies and stablecoins as <a href=\"https:\/\/forklog.com\/en\/news\/pboc-views-cryptocurrencies-as-a-threat-to-the-traditional-financial-system\">a threat to the traditional financial system<\/a>.<\/p>\n<p>As noted, Bitcoin exchanges <a href=\"https:\/\/forklog.com\/en\/news\/binance-and-huobi-halt-new-user-registrations-in-mainland-china\">Binance and Huobi have stopped registering new users<\/a> in mainland China.<\/p>\n<p>Subscribe to the ForkLog channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The largest Ethereum mining pool, SparkPool, will cease operations in China and abroad.<\/p>\n","protected":false},"author":1,"featured_media":50239,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[133,232,1306,2250],"class_list":["post-50238","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-china","tag-f2pool","tag-mining-ban","tag-sparkpool"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/50238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=50238"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/50238\/revisions"}],"predecessor-version":[{"id":50240,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/50238\/revisions\/50240"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/50239"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=50238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=50238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=50238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}