Flexpool ceases services to Russia due to the war with Ukraine
Flexpool, a Multi-Coin mining pool, has ceased all services to Russia as per a recent Reddit post from the firm. With the situation between Russia and Ukraine escalating and the invasion of Ukraine by President Vladimir Putin, the market has crashed. The fourth-largest Ethereum mining pool has decided to sever all bonds with Russia.
Flexpool 'canceling service to all Russian IPs'
As per the Reddit announcement from Flexpool, the firm will be "canceling service to all Russian IPs and paying out outstanding balances." The firm also added that it does "not get involved in politics despite our personal views as a company" and noted that "this (Russia-Ukraine Conflict) is greater than politics, greater than anyone."The announcement talked about the reason for the decision by Flexpool. The firm said that it would be wrong to fund the operations of Russia by providing services to the nation or making profits from the same. Furthermore, the mining pool also added:
We apologize to our Russian miners; many of you do not support the war. However, it is you who are supporting your nation. Without the people, Russia cannot operate. It is only through reducing the economic power of its people that we have a chance of affecting this war.
Russia-Ukraine conflict
The conflict between Russia and Ukraine is one of the most talked-about events today. The two nations collided as Russia decided to conduct a "special military operation" in Ukraine. The market collapsed due to the fear of a new World War as aircraft were witnessed by the citizens of Ukraine. Flexpool noted the gravity of the situation and has decided to oppose the decision from Russia, which chose violence over peace."Ukraine has four nuclear power plants. Even ignoring the chance of WW3, there is a chance of another Chernobyl should one of the plants be endangered," added Flexpool.
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