From Nothing to Something: ViaBTC Keeps Pace with the Blockchain World

tylerwinklevoss
2022-10-27 09:29:35

Back to January 3, 2009…

Bitcoin had its genesis block mined that day, and Satoshi Nakamoto recorded the front page headline of The Times on the block, “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”, which marks the start of the crypto history.

From the genesis block to the time it came to the public spotlight, Bitcoin has been subject to voices of question, rejection, and abuse. Almost at the same time, the disadvantages of the conventional financial payment system became increasingly prominent, as incidents such as the subprime mortgage crisis in the United States and the debt crisis in Cyprus led to the collapse of trust based on the conventional financial system. As a result, some people resorted to Bitcoin.

As Bitcoin believers gather momentum, there has been a growing consensus about Bitcoin, and Bitcoin advocates started to obtain BTC rewards through “mining”. As we all know from the past market experience, “When something becomes profitable, people rush to it.”

The influx of miners and the increasing hashrates have sent the mining difficulty skyrocketing and the probability of mining Bitcoin spiraling downwards. In order to get continuous and stable income, some proposed to merge the computing power of all miners into one for mining and then “distribute the rewards according to the work”, which gave birth to the mining pool.

In 2010, the first Bitcoin mining pool was established;
In 2012, ASIC mining rigs emerged;
In 2013, with the advent of Ethereum, the hashrates of Bitcoin reached 952.3 PH/s;
In 2015, Bitcoin gained increasing attention, with its price hitting $495.
During this period, Bitcoin mining pools of different sizes appeared one after another, but none of them injected new vitality into the industry. Not until May 2016 when ViaBTC Pool was launched, in a legendary way.

From scratch, the founder Haipo Yang completed all the coding and deployment of ViaBTC Pool independently in just two months, and managed to launch it in June 2016. In October of the same year, ViaBTC Pool initiated the PPS+ settlement method in response to the needs of the majority of miners and the market. This move has pushed ViaBTC Pool, which was only 4 months old at that time, to the world’s top five by Bitcoin hashrates.

The next year in 2017, Bitcoin, which had remained little known for a long time, finally embraced a boom. At the same time, numerous cryptocurrencies emerged one after another, including many PoW currencies. According to statistics from CoinMarketCap, there are hundreds of PoW cryptocurrencies, with more than 20 mainstream ones such as BTC, ETH, and LTC.

Considering that Bitcoin mining service alone cannot meet the needs of most miners in the market, ViaBTC Pool has successively rolled out supporting services based on crypto mining in the six years since its establishment, and currently supports as many as 17 mining services covering most of the mainstream PoW cryptocurrencies on the market. It is noteworthy that ViaBTC Pool ranks sixth by Bitcoin hashrates (21.17EH/s) and first by Litecoin hashrates (123.3TH/s) in the world.

Moreover, to offer miners a more comprehensive, better and more convenient one-stop mining services, ViaBTC Pool has never ceased its efforts of innovation for the past six years, and has launched innovative financial products such as Transaction Acceleration, Crypto Loans and Hedging Service, all of which have been well received by miners upon roll-out.

This June marks the sixth anniversary of ViaBTC. Relying on its development advantages, ViaBTC, which started as a mining pool, has created and constantly improved its all-encompassing ecosystem covering products and tools for the past six years. From the exchange through wallet and public chain to investment, ViaBTC is making concrete efforts to catalyze the progress of the blockchain industry, and we have every reason to believe that its vision of “Being the Infrastructure of the Blockchain World” will come true in the near future.

From nothing to something, ViaBTC serves as a living example of how the infinite imagination based on technical strength and industry foresight makes everything possible. Committed to its great mission of “Via Blockchain, Making the World a Better Place”, ViaBTC is utilizing advanced financial technology to promote the innovation and development of the blockchain industry. For ViaBTC, the real adventure has just begun!

elandicaprio
2022-10-27 09:33:14

BTC mining has evolved from CPU to GPU and finally to ASIC, setting off a hardware “arms race”. Since more advanced mining chips are introduced, the hashrate of mining rigs has been on the rise, making mining extremely difficult. Meanwhile, hashrates are centralized by big mining farms and large institutions, and retail miners now struggle to gain the right of block updating solely relying on their own hashrates. To stay in the game, more and more miners choose to join a mining pool for stable mining revenue.

Before choosing one from many mining pools out there, miners should think about the following factors. First, brand recognition. In general, famous pools are more reliable because they are often highly recognized by the miner community. Second, user experience in both the products and the services the pool provided. A pool with a full range of products, in most cases, enables efficient and convenient mining experiences. All in all, brand recognition, user experience in products and services are all backed by the tech capacity of the team behind the pool. Strong tech capacity allows a pool to offer a sound mining environment, so as to better safeguard the interests of miners.

6 years of solid steps: ViaBTC is reliable and trustworthy
In March 2016, Haipo Yang, the founder of ViaBTC, developed and deployed ViaBTC Pool on his own. Only two months later, ViaBTC Pool was officilally launched. In June that year, the BTC pool was introduced. To improve the mining revenue, ViaBTC Pool revolutionized the payment methods and invented PPS+, which was the first of its kind in the mining industry. Apart from the block reward, under the model of PPS+, miners will also receive the daily mining fee according to their contribution. This invention was widely approved by miners and mining institutions. By doing so, the pool became one of the world’s top 5 by BTC hashrate in less than 5 months since it was launched.

As a comprehensive crypto mining pool serving the world, ViaBTC has always adhered to the principles of security, transparency, fairness, and freedom. Through 6 years of dedicated efforts, the pool has introduced mining services for dozens of cryptos, including BTC, ETH, and LTC, and the invention of PPS+ has greatly improved the brand awareness of ViaBTC in the miner community. It is now the preferred choice among miners.

6 years of concrete actions: ViaBTC insists on innovation
How to provide better mining experiences to attract more miners has always been a challenge facing mining pools. Always offering new products and services, ViaBTC has committed to innovation and illustrated what the proverb “good wine needs no bush” means through concrete actions.

For instance, ViaBTC Pool offers multiple channels, free and paid, to meet the demand of different groups of miners by upgrading Transaction Acceleration; launches ViaBTC’s Hashrate Fluctuation Notification to free miners from keeping checking the hashrate since they will be notified when the figure drops to the set threshold; introduces Hedging Service and Crypto Loans to help miners mitigate the difficulty in turnover of capitals, more flexibly dealing with their funds, especially under extreme market conditions.

Always starting from miners’ rights and interests, ViaBTC has insisted on innovating products and offering a full set of products and supporting services, so as to provide miners with more efficient and convenient mining experiences.

6 years of pioneering efforts: ViaBTC is backed by a strong team
A company’s success depends on its team. ViaBTC has always upheld the principle of “the team is a company’s most important product”, and seen its team as its core competitiveness and the most iconic product. Through 6 six years of talent hunting, ViaBTC has built a strong and globalized team with group members having rich working experience in world-renowned Internet and financial enterprises. It is noteworthy that some of the pioneers in the crypto industry have joined the ViaBTC.

As a technical expert himself, Haipo Yang has attached great importance to code security due to his keen insights into security and auditing. Since its inception, ViaBTC Pool has never experienced any major security accidents. Backed by a strong team, ViaBTC Pool provides miners with a secure and stable mining environment to make them feel at ease every time they mine.

Although the mining industry is highly cyclical, ViaBTC will not stop forging ahead in spite of wild market swings. Even though the road ahead might be beset with thorns, ViaBTC will never give up. This is the best of times; this is the worst of times. ViaBTC will join hands with miners to embrace a new crypto age and create new glory in the next 6 years.