Mining Pool Is Ready to Work with Miners to Embrace the Era of the Digital Economy
Some say that the blockchain comes into being by accident. They believe there would be no blockchain without Bitcoin that was created twelve years ago, let alone to discover the value of this technology. However, some sociologists have different opinions: Blockchain is an inevitable product as the Internet develops further. The development of the Internet is in essence the development of information technology, which gives rise to technologies that can greatly catalyze human productivity such as artificial intelligence, big data, and cloud computing. Each era comes with suitable productive forces and production relations.
- The first bonus from the digital economy
The current era we are in has freed itself from the quagmire of the traditional industrial revolution and electrical revolution, and is moving forward on the path of the information revolution towards the era of the digital and intelligent economy. Productivity is further released under technological innovation, but the mismatch of resources in production factors has become a stumbling block. Blockchain, a technology of epoch-making significance, is destined to solve the resource mismatch and efficiency issues in the social production factors.
In the era of the digital economy, many applications can find decentralized application scenarios, and hashrate proves to be the underlying factor to maintain the stability of the network system of these scenarios. According to data, the current global average demand for hashrate growth has doubled in 3.5 months, and has increased by more than 300,000 times in 6 years. With the approach of overall 5G commercialization, the data are expected to break new highs.
It is difficult to predict how the hashrate will be used in future business scenarios and how it takes effect in the process of our civilization. But there is no doubt that, with the advent of the digital economy era, digital mining must be the first bonus of this era.
2. Mining pools dominate the era of mining
Miners, mining pools, and mines are important components of digital mining. Back in those days when cryptocurrencies grew wildly, the mining threshold was so low that a home computer could easily meet the mining needs. As miners flocked in growing numbers, the hashrate increased, and mining became even more difficult. Mining costs started to mount for individual miners who wanted to stably dig block rewards, and were further raised by special mining machines that came later. Independent mining, with individual miners being the minimum entity in mining, could not work anymore, and eventually miners need to team up. An endless stream of large institutions and venture capital has accelerated the update and iteration of supercomputer chips. All of the above herald a scalable, specialized, and globalized mining industry in the future.
That has long been the vision of the mining industry, and has given birth to many well-known mining pools around the world. As the world’s leading comprehensive digital currency mining pool, ViaBTC provides professional, efficient, safe and stable digital currency mining services for nearly one million users in 130+ countries/regions. With outstanding technology and considerate service, it has accumulated a good reputation and experience in the nearly 5 years since its establishment.
3. Why more and more miners choose ViaBTC Pool
If we summarize miners’ opinions towards ViaBTC in only one sentence, it must be that “all services are only for miners”. That is a true reflection of ViaBTC’s products and services as we can feel.
A variety of settlement methods offer miners more options. After all, mining in itself is a long-term investment. Miners vary in preferences for investment styles. Stable as the returns of the PPS model are, the lucky value fluctuates, and in the long run, PPLNS will outrun PPS in the income.
In addition to the abundant settlement methods to meet the increasingly diversified mining needs, ViaBTC has always adhered to be innovation-driven, and created a series of efficient, convenient and flexible financial management products combined with advanced financial concepts and market trends. [Hedging] and [Staking], for example, utilize price differences between time intervals and maximize the value of investment assets according to underlying financial logic.
In addition, the mining income of ViaBTC Pool can be automatically withdrawn without any transaction fees. All mining tokens can be automatically converted into USDT and BTC on the automatic exchange page. Considering the volatility of the cryptocurrency market, the ViaBTC technical team set such conversion for once in an hour. Miners can also manually convert the income into tokens for accumulation if needed.
For example: Suppose that the miner Wang is digging Token X at Mining Pool A and ViaBTC Pool at the same time, and mines 10,000 X in one hour. But due to market reasons, the price of Token X plummets by 32 % instantly. Wang had no choice but to see his 10,000 Token X evaporate by 32% in Mining Pool A. In ViaBTC, on the contrary, his tokens have been automatically converted into USDT and BTC, and thus manage to keep the value and avoid losses caused by market turbulence.
The above are just a few product features of ViaBTC Pool, with more on the way. Join us to embrace the mining industry and enjoy bonuses from the era of the digital economy.
