{"id":74865,"date":"2026-07-02T20:50:51","date_gmt":"2026-07-02T20:50:51","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/sbi-crypto-pulls-the-plug-on-bitcoin-pool-as-20412-ph-s-hunts-for-a-new-home\/"},"modified":"2026-07-02T20:50:51","modified_gmt":"2026-07-02T20:50:51","slug":"sbi-crypto-pulls-the-plug-on-bitcoin-pool-as-20412-ph-s-hunts-for-a-new-home","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/sbi-crypto-pulls-the-plug-on-bitcoin-pool-as-20412-ph-s-hunts-for-a-new-home\/","title":{"rendered":"SBI Crypto Pulls the Plug on Bitcoin Pool as 20,412 PH\/s Hunts for a New Home"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">SBI Crypto will stop accepting mining shares at 22:00 UTC on July 30, 2026.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The pool holds 20,412.11 PH\/s, just over 2% of Bitcoin\u2019s global hashrate.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">CEO Hiroaki Morita pointed miners toward Braiins, Luxor Pool and Neopool.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>The company launched the pool in March 2021 as part of SBI Holdings\u2019 push into digital assets. Today it sits between the 10th and 11th largest <span>Bitcoin mining<\/span> pool by <span>hashrate<\/span>, controlling 20,412.11 PH\/s. That figure represents just over 2% of the global <span>hashrate<\/span> aggregate, according to <a href=\"https:\/\/mempool.space\/graphs\/mining\/pools\" target=\"_blank\" rel=\"noopener noreferrer\">mempool.space<\/a> and <a href=\"https:\/\/explorer.cloverpool.com\/btc\/insights-pools\" target=\"_blank\" rel=\"noopener noreferrer\">cloverpool.com<\/a> data.<\/p>\n<p><a href=\"https:\/\/news.bitcoin.com\/ripples-rlusd-breaks-into-japan-with-sbi-after-regulatory-approval\/\">SBI<\/a> <span>Crypto<\/span>\u2019s 2% <span>hashrate<\/span> share reflects how much mining power customers have chosen to point at its pool for payout purposes, not a <span>stake<\/span> in <span>Bitcoin<\/span>\u2019s underlying security or supply. SBI <a href=\"https:\/\/www.sbigroup.co.jp\/news\/2021\/0319_12372.html\" target=\"_blank\" rel=\"noopener noreferrer\">disclosed<\/a> that it started the mining operation in 2017 and managed to start the pool in 2021 with 1,100 petahash.<\/p>\n<p>CEO Hiroaki Morita <a href=\"https:\/\/sbicrypto.com\/announcements\/\" target=\"_blank\" rel=\"noopener noreferrer\">signed<\/a> the closure notice sent to customers this week. The letter set a hard cutoff: the pool stops accepting mining shares at 07:00 JST on July 31, which lands at 22:00 UTC on July 30. Shares submitted after that point will not count toward final payouts.<\/p>\n<p>Until then, SBI <span>Crypto<\/span> says operations continue as normal. Miners keep submitting shares and receiving payouts on the usual schedule.<\/p>\n<h2>What Miners Need to Do Now<\/h2>\n<p>SBI <span>Crypto<\/span> is urging customers to keep directing <span>hashrate<\/span> to the pool through the cutoff date. Doing so ensures every eligible share gets included in the final payout calculation. Miners who stop early risk leaving rewards on the table.<\/p>\n<p>The company has also lined up reference options for the transition. Three pools appear in the notice, listed alphabetically:<\/p>\n<ul>\n<li aria-level=\"1\">Braiins, reachable through its sales contact page<\/li>\n<li aria-level=\"1\">Luxor Pool, which operates mining infrastructure and financial products for miners<\/li>\n<li aria-level=\"1\">Neopool, a newer entrant in the pool market<\/li>\n<\/ul>\n<p>SBI <span>Crypto<\/span> said some of these operators may offer special terms for customers moving over from its pool. The company is not endorsing any of them. It framed the list as a courtesy based on prior business and technical conversations, and it told customers to evaluate each option on their own.<\/p>\n<h2>Details Still Coming<\/h2>\n<p>SBI <span>Crypto<\/span> has not yet released a full transition schedule. The company explained it will share more on the final payout timeline, API access, and web portal availability as those details firm up.<\/p>\n<p>Furthermore, the notice does not explain why SBI <span>Crypto<\/span> is closing the pool. The company thanked customers for their support since 2021 and said it remains available to help with the transition. During its tenure, SBI <span>Crypto<\/span> also mined other SHA256-compatible <span>crypto<\/span> assets.<\/p>\n<h2>What This Means for the Network<\/h2>\n<p>A pool controlling roughly 2% of global <span>hashrate<\/span> closing its doors does not threaten <span>Bitcoin<\/span>\u2019s security model. Miners on SBI <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Crypto<\/a>\u2019s pool have time to redirect their equipment, and the alternatives named in the notice already operate at a meaningful scale.<\/p>\n<p>The bigger story sits with SBI Holdings itself. The mining pool closure comes as the Japanese financial group expands its footprint elsewhere in <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a>, including <a href=\"https:\/\/news.bitcoin.com\/japans-sbi-group-flips-the-stablecoin-script-with-63m-backed-jpysc-launch\/\">stablecoin<\/a> initiatives and exchange infrastructure. Winding down a five-year-old mining business while building out other digital asset lines points to a company reallocating resources rather than retreating from <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> altogether.<\/p>\n<p>Miners connected to SBI <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Crypto<\/a> have four weeks to make a decision. Waiting until the final days narrows the options.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/sbi-crypto-pulls-the-plug-on-bitcoin-pool-as-20412-ph-s-hunts-for-a-new-home\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways SBI Crypto will stop accepting mining shares at 22:00 UTC on July 30, 2026. The pool holds 20,412.11 PH\/s, just over 2% of Bitcoin\u2019s global hashrate. CEO Hiroaki Morita pointed miners toward Braiins, Luxor Pool and Neopool. The company launched the pool in March 2021 as [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":74866,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74865"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=74865"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74865\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/74866"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=74865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=74865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=74865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}