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    Home»Mining»How ViaBTC, a Pool Founded 6 Years ago, Continues to Rank Top Globally by Hashrates
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    Mining

    How ViaBTC, a Pool Founded 6 Years ago, Continues to Rank Top Globally by Hashrates

    adminBy adminJune 9, 2022No Comments3 Mins Read
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    Hong Kong, June 8, 2022 / CNW /-Recently, the BTC hash rate has reached a new high. The previous record was 248.11 EH / s, but this month’s hash rate figure was exceeded when it peaked at 254.77 EH / s.

    Market conditions in 2022 were sluggish, but interest in the mining industry remains undiminished. Moreover, as more and more people joined the mining community, BTC hash rates continued to rise and difficulties soared. Lower hash rates make individual miners less competitive, but with the advent of mining pools, they shed hope and revolutionized traditional mining models.

    Among the many pools that popped up, the ViaBTC pool left a deep impression on the miners. In 2021, some countries cracked down on BTC mining, resulting in the closure of many pools. However, the strict policy did not compromise ViaBTC’s BTC hash rate.Instead, it’s ranked number onest For some time thanks to the pool’s globally distributed business model and recognition from global miners.

    As a pool founded in 2016, ViaBTC was able to sustain and record world-leading hash rates, thanks to the following factors:

    I. Strong team

    To create a stable mining environment, the ViaBTC team deploys nodes around the world to match miners with the closest node. This minimizes latency and makes the mining network more stable. So far, ViaBTC is the industry’s lowest isolation pool, demonstrating the strength of the team.

    At ViaBTC, more than 60% of our staff are members of our product and R & D team, all of whom are experienced developers of world-renowned internet-based companies. The team, led by ViaBTC founder Haipo Yang, has continued to upgrade and improve the pool. To keep the pool safe and stable, the R & D team has introduced more versatile products and features and built a full set of matching tools.

    II.innovation

    To address the existing flaws in the mining industry, ViaBTC Pool has deployed many innovative products. For example, Poole invented PPS +, the industry’s first payment method, and created Transaction Accelerator, another unique product. It is also the first pool to support “Convert Now”. Not only did these products improve mining revenue, but they also solved the problem of crowded trading under extreme market conditions. Hourly wages on mining income, on the other hand, effectively avoid the risks posed by price fluctuations.

    III.Established blockchain ecosystem

    ViaBTC has sought to build a comprehensive blockchain ecosystem that integrates products, tools and investments. In addition to the ViaBTC pool, the group now boasts four other major business segments, including CoinEx Exchange, ViaWallet, CoinEx Smart Chain (CSC) and ViaBTC Capital.

    ViaBTC relied on its strong ecosystem to simplify the tedious process from crypto mining to transactions and cycles. When withdrawing crypto from the ViaBTC pool to CoinEx Exchange, the miner does not have to pay a fee and the withdrawal arrives in real time. In addition, ViaWallet’s built-in service, Stakeing, provides miners with a variety of ways to maintain the value of their assets in the expanding bear market.

    Thanks to these advantages, the ViaBTC pool was able to stand out from its rivals in fierce competition as one of the most popular pools among miners.

    Cision

    Cision

    To download multimedia, view the original content.https://www.prnewswire.com/news-releases/how-viabtc-a-pool-founded-6-years-ago-continues-to-rank-top-globally-by-hashrates-301564663.html

    Source ViaBTC

    Cision

    Cision

    To download multimedia, view the original content. http://www.newswire.ca/en/releases/archive/June2022/09/c6735.html

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