It is with great displeasure that today we announce the retirement and inevitable shutdown of Blackcoin Pool. Blackcoin will live on and continue to be strong, however the instability and decline of altcoin exchanges has made it very difficult to continue, we have been operating at a loss for many months now as a service to the community.

With the recent exchange issues and instabilities it is impossible for us to continue reliably mining and liquidating altcoins, what used to take hours for us to liquidate, now can take days, due to the decline in the number of available altcoin exchanges and volume. The questionable legality surrounding the operation of a pool for customers in the US, in particular New York, due to the bitlicense has exacerbated the situation giving us no other choice than to shutdown Blackcoin Pool.

It is with sorrowful words that today we announce the closure of Blackcoin Pool on Nov. 6 at 11:59PM EST, it is with great sadness that we say goodbye, but we can no longer continue to operate the pool without the necessary liquidity from altcoin exchanges needed to maintain the pool.

All outstanding payouts will be sent to all miners on Blackcoin Pool, we will continue liquidating all of the remaining altcoins that have been mined and will make a final payout before the shutdown of the pool.

We will be doing an announcement and discussion this week on the Blackcoin subreddit: https://www.reddit.com/r/blackcoin to address any questions the community may have.

Thanks for the amazing journey, — LDG