ViaBTC Mining Pool Review

Ever since the concept of pool mining was first introduced, the average miner has been offered an alternative and more seamless means of generating income from a crypto venture generally considered expensive and technically imposing. Over the years, certain services have set themselves apart as market leaders in this sector. One such platform is ViaBTC, a China-based mining pool that has become a one-stop mining service for miners around the world. However, before deciding to opt for this solution, there are certain things that you need to know. Here, I will highlight all the key features of ViaBTC’s mining pool, why it has remained a relevant mining service as well as its downsides.

What is ViaBTC?

Launched in 2016, ViaBTC has emerged as a popular mining pool in China and beyond, thanks to its expertise in blockchain technology. Although ViaBTC has only been operational for 5 years now, it has quickly risen to the top echelon of the mining economy. More specifically, its mining pool service controls 11% of the total bitcoin hashrate linked to mining pools. This is enough to place it in the top 5 list of mining pools with the highest bitcoin hashrate. According to the company, this is down to the team’s expertise in the blockchain scene and its commitment to always deliver high-quality services.

Notably, the company has since expanded its offerings to cover other aspects of the blockchain sector. For one ViaBTC Group operates an exchange, a wallet, and a smart chain. More recently, it launched a blockchain-focused investment solution as part of its efforts to contribute actively to the development of blockchain. As expected, the company has begun extending its global reach by partnering with blockchain-based companies around the world including mining-focused services. Apparently, this is a reasonable thing to do, seeing that China is not showing any sign of backing down from its hostile stance against crypto. Likewise, it is worth mentioning that it is only a matter of time before ViaBTC relocates to a more crypto-friendly region.

All in all, ViaBTC boasts over 1 million users from 130 countries. Also, it introduced the Pay Per Share Plus (PPS+) revenue distribution system and was the first mining pool to allow automated conversion of minted coins to USDT every hour. These milestones have further solidified ViaBTC’s place in the ever-evolving crypto mining market.

Apart from bitcoin, ViaBTC offers mining pool services for 17 cryptocurrencies. These digital assets include ETH, BCH, ETC, BSV, XEC, RVN, DCR, FCH, LTC, ZEC, ZEN, DASH, XMR, CKB, LBC, and HNC. In other words, ViaBTC is an ideal option for miners that intend to access a wide variety of mining options. Another thing that you should know about ViaBTC is that it has a section where users can access third-party mining farms. It also launched its in-house cloud mining pool for users that would prefer to have ViaBTC take up all of the technical aspects of crypto mining on their behalf.