ViaBTC Multi-cryptocurency Mining Pool

ViaBTC Multi-cryptocurency Mining Pool

viabtc mining

We will do our best to keep this posted up-to-date. Many people get mining swimming pools confused with cloud mining. Cloud mining is where viabtc benefits you pay a service provider to miner for you and you get the rewards.

/PRNewswire/ –, the world's leading computing power-sharing platform is asserting a strategic partnership with ViaBTC, one of many world's largest Bitcoin mining swimming pools. Configure your mining software to point your hardware’s hash energy to Slush Pool. According to BlockTrail, Bitfury is the third largest Bitcoin mining pool and mines about eleven% of all blocks. The rest of the hash energy is spread throughout the remainder of the world, usually pointed at smaller mining pools like Slush (Czech Republic) and Eligius (US). It’s estimated that these mining pools personal somewhere around 60% of Bitcoins hash energy, that means they mine about 60% of all new bitcoins.

Yang Haipo, a CEO of ViaBTC, studied on the Northwest Polytechnic University of China in 2012. After commencement, he labored as a developer at Tencent Weibo, after which FUTU. Yang is likely one of the first inspirers and creators of Bitcoin and a specialist in the field of blockchain. ViaBTC Token (VIAT) serves as gas and value switch carrier which permits customers to enjoy the rights and advantages in the ViaBTC ecosystem.

viabtc mining

The web site presents nice transparency which includes actual-time monitoring on hash rates, users and miners with clear data illustration. Do you know about ? offers a particular Multi-Algo Mining Pool which creates the flexibility to mine any cryptocurrency coin from the most popular hashing algorithms. Yes.

You can check how a lot you potentially may earn via a pool hash rate chart. The builders announce that quickly folks mining at ViaBTC will have the ability to take part in Bitcoin trading as properly in their own buying and selling platform. ViaBTC is a Bitcoin, Litecoin and BitcoinCash mining pool. By mining in the ViaBTC pool, miners support the Bitcoin Unlimited version which in flip helps larger block limits. ViaBTC expenses a four% charge for the PPS fee system and a 2% payment for the PPLNS.

ViaBTC, a distinguished China-based mining pool, has introduced a new token. The ViaBTC Token (VIAT) shall be given as a reward to miners along with their regular mining payout.

The profitable miner gets to add the newest block to the blockchain and update the ledger of Bitcoin transactions. Yet while there’s no clear indication that the two events are associated, the most recent announcement follows new stories that officers in China are looking for a gradual shutdown of domestic bitcoin mining operations.

Initially, 5 million VIAT tokens will be distributed to miners per day. The daily issuance will gradually lower, which will permit ViaBTC to proceed to concern the coins for a number of years.

  • The more hashing energy you own, the better your probabilities of including a block and claiming the mining reward.
  • Fees – Some Bitcoin mining pools cost fees, and some don’t.
  • According to the official web site of ViaBTC, the charges for mining are lower than in other swimming pools and inner transactions are fully free in charge.


As further illustrated by Bloomberg, miners in China are shifting their footprint away from the country, eyeing new locations in Europe and North America. The information service reported that officers in China need to enact an “orderly” shutdown of the mining ecosystem. ViaBTC has served users from one hundred thirty+ countries/regions with secure & professional services of cryptocurrency mining, mined cash worth billions of dollar.

It mines about 7% of all blocks. F2Pool is predicated in China. It has mined about 10% of all blocks over the past six months. VIAT tokens can reportedly be used to pay for pool charges and additional privileges like miner purchases, transaction acceleration and ViaBTC souvenirs. Among the advisers for this new crypto are Jihan Wu, the co-founder and CEO of Bitmain, and controversial BCH evangelist Roger Ver. has also made exceptional contributions to its present companions. Since partnering with, the leading viabtc benefits computing power-sharing platform has contributed over a hundred petahashes of computing power to the pool.

viabtc mining

ViaBTC Announces Shutdown of Crypto Mining Contract Market

Miners are rewarder once a block is found. This cost technique ensures funds and leaves the miners with very little risk of not being paid for his or her contribution. The draw back of this scheme is the high charges the pool owners charge, to mitigate the risk they take by paying frequently. Before we can perceive how mining pool reward strategies work, we have to first perceive what shares are, in relation to mining.

Huobi Mining pool issued the Huobi Pool Token (HPT) not way back. HPT serves each as a sub-token in the viabtc mining Huobi Token (HT) ecosystem and as a mining pool token. “Mining is mining”.

viabtc mining

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