When Bitcoin was just born, the concept of mining pool did not exist. Meanwhile, few people paid attention and those that did often regarded the cryptocurrency as an undisguised scam. For them, mining Bitcoin was simply a joke. Against such a backdrop, the cost of mining Bitcoin was virtually zero, and you could get dozens of coins a day using any computer. However, as the BTC consensus improved, mining Bitcoin has become increasingly difficult, which ended the era of solo mining and gave rise to mining pools.

Following the rocketing Bitcoin price in 2017, cryptocurrencies penetrated much deeper into the financial sector. Along with the continued exposure of the crypto sector in 2021, a huge influx of major capital institutions and the legalization of cryptocurrencies in some countries make cryptocurrencies a “new favorite” in the financial world. Massive demand for cryptocurrencies has spurred the crypto mining market. According to Brandessence Market Research, the crypto market was valued at $2285.4 million in 2021 and the figure is still climbing at a growth annual growth rate (GAGR) of 28.5%.

As everyone knows in the crypto field, “Litecoin is the 'silver' to Bitcoin's 'Gold'”, yet such a saying is not groundless. As one of the earliest cryptos in the trading market, Litecoin has become a regular part of portfolios for major investment institutions. Grayscale, for example, included LTC in its asset holding list long ago, and its current LTC holdings amount to $159 million. Thanks to some improvements to its underlying blockchain technology that address the limitations of Bitcoin, Litecoin has become a hit and a more convenient payment choice in small transactions in daily life.

The development trend of the blockchain industry and the stumbling block to the advancement of the underlying technology have always been the hot topics among insiders. When it comes to the development of underlying performance, we have to mention the public chain. Thanks to the success of Bitcoin, the early blockchain projects were mostly based on PoW, but these public chains have been criticized in many aspects such as scalability, TPS and security.

As blockchain is open and transparent, the statistics of all cryptocurrencies on the chain are available through the relevant blockchain explorer. The number of non-zero addresses, in particular, is one of the key metrics for asset analysis. In theory, the more non-zero addresses a crypto has, the more holders there are, which indicates a growing recognition of the crypto among investors. Besides, it also shows a high degree of consensus.

According to figures from The Block Research, BTC miners recorded $1.06 billion in revenue in February 2022. In particular, block rewards ($1.05 billion) accounted for most of the revenue, and only a tiny part came from transaction fees. The total mining revenue has been trending downward for four months in a roll, and the profitability of BTC mining rigs is also nothing like before. In such a sluggish market, whether Bitcoin will fall below the shutdown price is a top concern among miners.

As a world's top all-inclusive mining pool, ViaBTC has set foot on the global market two years ago and has now grown into a provider of safe and stable one-stop mining services for users in more than 130 countries/regions around the world. Relying on advantages of the international mining pool, it integrates industry resources and selects high-quality resources through a strict screening mechanism to serve miners.

As society progressed, cryptocurrencies have advanced. From Bitcoin through the world’s first mining pool to today’s major mining pools, crypto mining has also seen rapid growth. At the same time, the mining model has grown more diversified, from only one model to today’s five mainstream models, covering PPS, PPS+, FPPS, PPLNS, and SOLO. Which one should miners choose to maximize their mining revenue?

During the recent period, the crypto market has remained sluggish. Facing the uncertain trends of crypto investment, many investors have turned their attention to an upstream crypto segment — mining. Compared with the volatile crypto market, mining has become a more prudent choice of investment against the weak market performance.

It has been 14 years since Bitcoin was created in a paper in 2008. Though this process may seem easy, Bitcoin has gone through plenty of challenges. The original design of Bitcoin by Satoshi Nakamoto, the founder of this cryptocurrency, is only suited for a minority of people. Yet, as the number of Bitcoin users continues to grow, many problems have been revealed, including insufficient block capacity and the overconcentrated hashing power. These problems triggered the appearance of two solutions: soft fork and hard fork.

Today, we will introduce the concept of mining pools and show you how a mining pool works. Get ready for a rediscovery of mining pools.

When choosing mining rigs and mining pools, many miners will first check the relevant hashrate and mining difficulty. Some beginners may find these terms confusing. So, what exactly do they mean?

Regulatory problems have always been the sword of Damocles hanging over cryptocurrencies. The drastic market swings in the crypto space have been, to a varying degree, the result of regulation.

Since the beginning of 2022, affected by unfavorable factors such as the news that the Federal Reserve expects to raise interest rates sooner than previously scheduled, as well as the spread of Omikron (a COVID-19 variant), the global financial market has witnessed a universal decline in January

Recently, ViaBTC has upgraded its referral rewards and introduced a new feature called Ambassador, with lifetime commissions of up to 20%. Such tangible, incredible benefits for miners are rare in the crypto industry. That said, how can miners, both old and new, capture the benefits presented by the upgrade and maximize their revenue?

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