DxPool plans to shut down the XMR mining pool on Sep 24｜When a mining pool exits, it’s not Monero “halted” on-chain｜Near 562, I’ll focus on defense first
My stance is to handle channel risks first, and only then discuss coin price trading. DxPool’s official help center notice updated on Sep 10 states that it will close its Monero mining pool at 24 Sep (UTC); at that time, the pool will no longer provide XMR mining services. Miners should switch pools in advance and submit any remaining XMR from their accounts as soon as possible.
The announcement doesn’t specify the exact closing time and doesn’t give a final deadline for withdrawals; instead, it says that the latter will be notified separately. It also does not claim that the Monero mainnet stops producing blocks, that all mining pools shut down, or that XMR trading is globally banned. Calling the pool’s exit “Monero halting the chain” misleads users who still need to migrate hashpower and verify balances.
What actually transmits to the network and the market depends on what miners do. If miners move hashpower to other mining pools or to P2Pool, the main changes are the pool’s share and operating pathway. If there’s a migration gap, hashpower may fluctuate temporarily in the short term. Without reliable data on what portion of total network hashpower DxPool holds and the completion status of miner migrations, I won’t claim that network safety has dropped significantly, nor will I use that to infer a determined sell-pressure outcome.
Monero’s official documentation still provides routes for independent pools, solo mining, and P2Pool. P2Pool is not the same kind of centralized service as DxPool. But switching isn’t just pasting an address—miners also need to verify the receiving address, payout threshold, the actual portion the device receives, the final settlement of the old pool, and the first valid share from the new pool to avoid a situation where machines show as online but generate no income.
The market has already given pressure that’s more direct than the announcement. KuCoin’s public XMR perpetual snapshot is around $562; in the past 24 hours, it ranged high to 583.08 and low to 555.95, a change of about -2.8%. This indicates that there is near-term selling pressure, but you can’t attribute the drop solely based on timing to DxPool’s notice—the notice was already updated on Sep 10.
The prior post’s conditions for a long expecting stability at 584 weren’t met, so it can’t be written as if I had a position or had already stopped loss. For now, I’ll first see whether the intraday low near 556 can hold. To the upside, it needs to get back to 568–572 first, then we look near 580. If within 15 minutes price breaks below 555 on rising volume and the next candle can’t reclaim it, the short-term repair outlook is invalidated.
Even if the price rebounds, observe whether after the pool shutdown the official adds withdrawal deadlines and provides evidence of hashpower migration; you can’t treat message “silence” as a bullish catalyst.
If I were trading myself: I’m not participating right now. The direction would only consider a small long position in spot with light size, and not use high leverage for a counter-trend bottom catch. First, there must be two complete 15-minute candlesticks holding above 556. Then two consecutive candles close above 570; a pullback to 566–570 must not break, and the volume must not obviously shrink. Only then would I use up to 0.3% of total capital for the trial entry. First target: 576, which hits the halving level; second target: 583, at which point I’d close the remaining position completely.
My initial hard stop loss is below 557. After entry, if two 15-minute candles return below 566, I would close early. If it drops through 555 before entry, or if new official withdrawal restrictions appear and I can’t confirm the impact, the plan will be canceled. I’d rather miss the rebound than treat the pool-migration news as a guaranteed “must go up” signal.
#XMR
The above is only my personal market observation and does not constitute investment advice.
My stance is to handle channel risks first, and only then discuss coin price trading. DxPool’s official help center notice updated on Sep 10 states that it will close its Monero mining pool at 24 Sep (UTC); at that time, the pool will no longer provide XMR mining services. Miners should switch pools in advance and submit any remaining XMR from their accounts as soon as possible.
The announcement doesn’t specify the exact closing time and doesn’t give a final deadline for withdrawals; instead, it says that the latter will be notified separately. It also does not claim that the Monero mainnet stops producing blocks, that all mining pools shut down, or that XMR trading is globally banned. Calling the pool’s exit “Monero halting the chain” misleads users who still need to migrate hashpower and verify balances.
What actually transmits to the network and the market depends on what miners do. If miners move hashpower to other mining pools or to P2Pool, the main changes are the pool’s share and operating pathway. If there’s a migration gap, hashpower may fluctuate temporarily in the short term. Without reliable data on what portion of total network hashpower DxPool holds and the completion status of miner migrations, I won’t claim that network safety has dropped significantly, nor will I use that to infer a determined sell-pressure outcome.
Monero’s official documentation still provides routes for independent pools, solo mining, and P2Pool. P2Pool is not the same kind of centralized service as DxPool. But switching isn’t just pasting an address—miners also need to verify the receiving address, payout threshold, the actual portion the device receives, the final settlement of the old pool, and the first valid share from the new pool to avoid a situation where machines show as online but generate no income.
The market has already given pressure that’s more direct than the announcement. KuCoin’s public XMR perpetual snapshot is around $562; in the past 24 hours, it ranged high to 583.08 and low to 555.95, a change of about -2.8%. This indicates that there is near-term selling pressure, but you can’t attribute the drop solely based on timing to DxPool’s notice—the notice was already updated on Sep 10.
The prior post’s conditions for a long expecting stability at 584 weren’t met, so it can’t be written as if I had a position or had already stopped loss. For now, I’ll first see whether the intraday low near 556 can hold. To the upside, it needs to get back to 568–572 first, then we look near 580. If within 15 minutes price breaks below 555 on rising volume and the next candle can’t reclaim it, the short-term repair outlook is invalidated.
Even if the price rebounds, observe whether after the pool shutdown the official adds withdrawal deadlines and provides evidence of hashpower migration; you can’t treat message “silence” as a bullish catalyst.
If I were trading myself: I’m not participating right now. The direction would only consider a small long position in spot with light size, and not use high leverage for a counter-trend bottom catch. First, there must be two complete 15-minute candlesticks holding above 556. Then two consecutive candles close above 570; a pullback to 566–570 must not break, and the volume must not obviously shrink. Only then would I use up to 0.3% of total capital for the trial entry. First target: 576, which hits the halving level; second target: 583, at which point I’d close the remaining position completely.
My initial hard stop loss is below 557. After entry, if two 15-minute candles return below 566, I would close early. If it drops through 555 before entry, or if new official withdrawal restrictions appear and I can’t confirm the impact, the plan will be canceled. I’d rather miss the rebound than treat the pool-migration news as a guaranteed “must go up” signal.
#XMR
The above is only my personal market observation and does not constitute investment advice.
