ViaBTC Mining Pool Review

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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.

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What is a Mining Pool?

Mining pools are groups of cooperating miners who agree to share block rewards in proportion to their contributed mining hash power.

While mining pools are desirable to the average miner as they smooth out rewards and make them more predictable, they unfortunately concentrate power to the mining pool’s owner.

Miners can, however, choose to redirect their hashing power to a different mining pool at anytime.

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