Poolin, a cryptocurrency miner, has suspended BTC and ETH withdrawals due to ‘liquidity issues.’

Published on:

Last Updated on September 7, 2022 by Bitfinsider

Poolin, one of the largest Bitcoin mining pools by hash rate, has announced that Bitcoin and Ether withdrawals from its wallet service have been temporarily halted due to “liquidity issues.”

Poolin announced on Monday that its wallet service was “facing some liquidity problems due to recent increasing withdrawal demands” and that it planned to temporarily halt Bitcoin (BTC) and Ether payouts (ETH). Poolin support told users in its Telegram channel that it was “hard to name a specific date” when it would resume normal service, but that it could be a matter of days, while the help page stated that “time and plans of resume will be released within 2 weeks.”

“Please be assured that all user assets are secure and that the company’s net worth is positive,” Poolin said. “On September 6th, we will take a snapshot of the remaining BTC and ETH balances on pool to work out the balances.” After September 6th, the daily mined coins will be paid out per day as usual. The other coins are unaffected.”

Poolin is a mining pool based in China that operates under the Blockin brand. According to BTC.com data, the company was responsible for roughly 10.8% of BTC blocks mined in the previous year, ranking fourth behind Foundry USA, AntPool, and F2Pool.


Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked.

To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor


Are you new to investing and would like to find out more about investments and cryptocurrency? If you know nothing about a topic and want to become an expert on it, one fool proof way to start is to read good books about the topic.

If you read one book about a topic, you will be able to share knowledge or discuss the topic at an elementary level with almost everyone.

Read three books and you will likely know more than the majority of people and will be able to discuss the topic at an intermediate to expert level.

  1. The Intelligent Investor by Benjamin Graham
  2. Crypto Investing Guide: How to Invest in Bitcoin, DeFi, NFTs and More by Ian Balina
  3. The Basics of Bitcoins and Blockchains: An Introduction to Cryptocurrencies and the Technology That Powers Them by Antony Lewis

Disclaimer: Above are some affiliate links and we may collect a share of sales or other compensation from the links on this page.

Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.


Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.

Related