Announcement on Referral Reward Upgrade: ViaBTC Introduces Lifetime Commission Incentives up to 20%
In the crypto community, some say that mining is the most prudent investment choice. Nowadays, you can no longer sit in front of a PC with a cup of coffee all by yourself and wait for your computer to mine coins. As more people get to know about blockchain and Bitcoin, the miner community has expanded. With increased hashing power, the mining difficulty has grown exponentially. Under such circumstances, individual miners have struggled to get stable mining profits, which triggered the appearance of mining pools. A mining pool converges the hashing power of miners and distributes the block reward among all participating miners according to their shares in the total hashing power, thereby offering stable returns.
Yet, the market abounds with mining pools, including both the good and the bad. To save trouble, miners should pick the right mining pool. Firstly, a mining pool’s hashrate proportion in the total hashing power of a network should be considered. A large hashrate proportion is a feature of strong mining pools. It shows that the mining pool is working with well-established mining farms and that it is widely trusted by miners. Moreover, years of good reputation are usually typical of long-standing mining pools. Secondly, miners should choose reputable pools. Backed by excellent products and services, a good reputation indicates the solid strength of a mining pool and its rich crypto resources.
Since its inception in 2016, ViaBTC Pool has grown into an all-inclusive mining pool that offers professional, efficient, secure, and stable mining services for nearly 1 million users across 130 countries and regions. Through six years of dedication, ViaBTC Pool has become the world’s largest mining pool for BCH and LTC and one of the five largest BTC pools. Moreover, it has also built a great reputation in the crypto space.
To give back to old miners and attract new miners, ViaBTC Pool decided to upgrade the referral commission function. After logging in to the ViaBTC website or app, you should first go to [Referral Reward], find your exclusive referral link (or QR code), and then share it on social media. Once a new user registered a ViaBTC account through your referral link (or QR code), you’ll get a 50% discount off on mining rates for 30 days. If the referred user connected their hashrate to ViaBTC and started mining, you could receive commissions of up to 20%. This feature has been launched on January 19, 2022 (HKT).
In ViaBTC Pool, referral commissions are divided into two levels, “General” and “Ambassador”, with different privileges. Regular Referrals come with a 10% commission rate that lasts 12 months, while Ambassador Referrals feature a commission rate of 20% that will be valid forever. It is noteworthy that these rates are based on the service fees generated by referred users.
If you are not satisfied with commissions generated by Regular Referrals, you can now apply to an Ambassador and enjoy 20% lifetime commissions. However, there is one requirement: the number of valid referred users in the past month must not be lower than 5. Here, valid referred users refer to main accounts that provided hashrate, which covers the hashrate contributed by sub-accounts. The notice of “Sorry, you do not yet meet the application criteria” will pop up after you click [Apply for Ambassador], if you failed to meet the above requirement.
Of course, Ambassadors also have to pass an assessment: The number of valid referred users per month must not be lower than 10. Where an Ambassador failed to pass the assessment for three consecutive months, he/she will be automatically disqualified. Once an Ambassador is disqualified, his/her referrals will be reserved and switched to Regular Referrals that are subject to the regular mechanism. What this means is that the commissions will be terminated if they already lasted a year. On the other hand, if such commissions have been valid for less than a year, they will expire once the one-year period ends.
ViaBTC sets no cap on the number of referrals for both ViaBTC Ambassadors and the average user. The more users you invited and the higher the hashing power they bring to ViaBTC, the higher the referral commissions you will enjoy. What are you still waiting for? Join ViaBTC Pool now for the incredible commission rewards!
