The pool is believed to be the first of its sort to discontinue operations to Russian customers.
Following Russia’s invasion of Ukraine, Flexpool, the world’s fifth-largest Ethereum mining pool, may have become the first of its kind to suspend services to Russian users.
The decision was made in order to express sympathy with Ukraine.
“Despite our own political views as a company, we normally do not get engaged in politics,” a Flexpool spokeswoman stated in a message posted on the firm’s official Telegram channel on Thursday evening. “This, on the other hand, is greater than politics, greater than anyone else. This is a war that has the potential to end the world. It is undeniably taking the lives of a large number of innocent individuals throughout Eastern Europe.”
In order to avoid profiting from or indirectly funding the crisis, the pool is suspending all services to Russian IP addresses and reimbursing outstanding balances to affected customers, according to the message, which expressed regret to Russian miners for the inconvenience caused.
According to the information portal miningpoolstats.com, Flexpool is the world’s fifth-largest ether mining pool by hash rate. It is likely that it is the first to restrict access for Russians under the current security crisis.
A message of solidarity to Ukraine was posted on Hiveon’s Twitter account, noting that it was “difficult to stay away from the tragedy in Ukraine.” However, there was no announcement of any specific action from the pool.
Users on Reddit have pointed out that miners can circumvent Flexpool’s restrictions by using high-performance virtual private networks (VPNs).
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.