ViaBTC | Pro Tips from ViaBTC in “Burger Day Vol.3”

The “Burger In, Bitcoin Out” Vol.3 carried out by ViaBTC on Twitter on October 21st was a great success. Users actively participated in the event by posting burger pics and sharing their answers to “What help do you want to get when mining?”. Hundreds of comments were received, and here we’ve selected some of them to answer. All 14 selected askers will share a 300 USDT prizing pool. Congrats!

1. @crypthouzeeh_: About its futuristic profit, how much can a miner earn and how long is the ROI? Is mining cryptocurrency a legal process?

Before answering your question, you need to know that after investing money in mining, the profit depends on two factors: electricity cost and crypto price.

The electricity fee paid by most miners every day is comparatively stable, and the only uncertainty comes from the future price of the mined cryptocurrency. The crypto market is seeing a harsh winter, and most cryptocurrencies including Bitcoin have witnessed a tailspin after the record high last year. Yet experience in the past decade or more indicates that the market is in an upward spiral. We are unable to tell you the exact money you can make from mining, but history has proven that those who stay the course are always rewarded handsomely.

As for whether cryptocurrency mining is illegal, the regulatory policy varies in different countries/regions. It is advised that you check relevant policies in the country or region where you operate in advance.

2. @Rileyking113: I had a question. If I travel to another country one day and want to enter the program, will my program and account be disrupted due to the change of country and region?

Crypto is supported in most countries/regions but is still banned in some places because of its particularity. You need to understand the regulatory policy of that country/region before crypto mining.

For example, mining is legal in Country A yet illegal in Country B, and you are running a cryptocurrency mining program in Country A. When you travel to Country B, you can still log into your account since your mining takes place in Country A, and that does not go against the laws of Country B. (Chinese Mainland is an exception as the local government requires us to stop providing services for local miners)

3. @Emma1g63: Please prepare the training for working with your own program and extraction device, etc. for beginners and enthusiasts and make it available so that they can enter.

For those who are keen on mining Bitcoin or other cryptocurrencies but have little knowledge of the process, ViaBTC has set up a “Help Center” on its website and mobile app, and the “Mining Guide” section contains detailed steps for mining coins supported by ViaBTC and configuration of mining machines. If the “Help Center” cannot solve your problem, you can submit a request describing your problem and provide your email address. A member of our support staff will respond as soon as possible.

• Website: www.viabtc.com
• Help Center: https://support.viabtc.com/hc/en-us
• Blog: https://www.viabtc.com/blog?category=0&lang=en_US

4. @yugiam06: How to control emotions. It is difficult to say what is the right way to sell coins after mining because the market is always fluctuating.

To profit from the ever-changing crypto market, we must learn to control emotions and stay positive. Miners should be far-sighted. Throughout the history of cryptocurrencies, even those early comers could not necessarily reap the profits for financial freedom. Most of them are speculators. They trade frequently at the first sign of change in the market, so they can hardly profit at last. Therefore, miners should be patient and hoard cryptos for a long time. Could you imagine ten years ago that a single Bitcoin would be worth tens of thousands of dollars?

5. @vinhnuyh64: How to deal with problems. There are a lot of small problems that happen when mining coins. Tips and instructions are always important.

In case of any problems during cryptocurrency mining in ViaBTC, you can visit ViaBTC website or mobile app and check the “FAQ” in the “Help Center”. It covers common questions on hashrate, profit, withdrawal, and deposit. If the “FAQ” cannot solve your problem, you can submit a request describing your problem and provide your email address. A member of our support staff will respond as soon as possible. You can also join our Telegram ViaBTC channel to report a problem. We’d recommend you to provide relevant screenshots so that we can help you out as fast as we can.

English: https://t.me/TheViaBTC

Spanish: https://t.me/ViaBTC_spanish

Russian: https://t.me/viabtcrussia

Persian: https://t.me/ViaBTCOfficialPersian

Chinese: https://t.me/viabtcCN

6. @JayUgooo: Does ViaBTC have a tutorial/academy zone where we can learn the basics of BTC mining..? If yes, please share, because I really want to be an expert on mining, since I don’t have starting capital.

If you are a cryptocurrency mining beginner who knows little about the process, ViaBTC website and mobile app has a “Help Center”, and the “Mining Guide” section contains detailed steps for mining coins supported by ViaBTC and configuration of mining machines. In ViaBTC Blog, you can find various original blog posts related to mining, which can help you better understand the blockchain.

7. @CtripleHuynh: ETH moves to a new Proof-of-Stake mechanism, mining becomes more difficult when ETH cannot be mined.

After the Terminal Total Difficulty (TTD) of 58,750,000,000T was hit at 06:43AM (UTC) on September 15, 2022, the Merge was officially activated, putting an end to Ethereum PoW. This dealt a heavy blow to original Ethereum miners as mining Ethereum had been quite profitable to them. At present, miners can still mine cryptos, and can invest hashrate in cryptocurrencies similar to ETH, like ETC.

ViaBTC has stopped the PoW mining service of ETH. If you want to keep PoW mining, it is recommended that you access the ETC mining pool. ViaBTC will continue to provide you with safe, stable, open and transparent one-stop mining services.

8.@maggabyr: The best help I want to get in mining is to have accompaniment in each of my steps, especially when I am learning from this type of investor. I like to have platforms that can have tutorials and qualified staff at hand to answer our questions as well as tools aimed at.

First of all, we would like to thank you for your trust and support. We not only offer detailed mining tutorials but also assign a customer service specialist to solve your concerns. Since its inception in 2016, ViaBTC has innovatively upgraded many of its features. For example, we upgraded Transaction Accelerator and provided both free and paid modes for miners with diverse needs. When the hashrate fluctuates to a threshold, the Hashrate Fluctuation Notification will send a timely notification to the miners, sparing them the trouble of staring at the hashrate panel. We also provide Hedging Services and Crypto Loans to help miners with their turnover of funds, so they can handle their funds more flexibly in the case of an extreme market.

ViaBTC will deliver infinite possibilities in the future. Stay tuned!

9. @LubaPih: Help, what is the solution when there’s a malfunction in a system?

You can submit a request, on the official website or mobile App, describing your problem and providing your email address. A member of our support staff will respond as soon as possible. You can join our Telegram ViaBTC channel to report a problem. We’d recommend you provide relevant screenshots so that we can help you out as fast as we can.

• English: https://t.me/TheViaBTC
• Spanish: https://t.me/ViaBTC_spanish
• Russian: https://t.me/viabtcrussia
• Persian: https://t.me/ViaBTCOfficialPersian
• Chinese: https://t.me/viabtcCN

10.@mariogalvi: I want to have knowledge of the best marketing tips and strategies. Learn from other expert teams in the field who have experience in using @ViaBTC. I would also like to have incentives for using the site and trying out its new functionalities. As well as information that can reach me daily or through mail or social accounts.

ViaBTC has a “Blog” section on its official website and mobile App. We post high-quality content from time to time, and some of them are about the analysis of market dynamics and strategies. Welcome to follow this section.

New features, such as “Hedging Service” and “Crypto Loans”, have been launched to maximize profits for ViaBTC miners. Besides, ViaBTC also rolled out the “Referral Reward” program for miners’ benefit. Just register an account on ViaBTC and invite friends to mine on ViaBTC, and you can get 20% of referral rewards for a lifetime.

• Referral Reward: https://www.viabtc.com/refer

For more information, please follow us on

• Twitter: https://twitter.com/ViaBTC
• Telegram: https://t.me/TheViaBTC

11.@Iam_enaj1: What factors should we consider when selecting a cryptocurrency to mine?

It is advised that deep-pocketed miners choose cryptocurrencies such as BTC and ETH with relatively high consensus, considerable price, and good stability. Although the mining output of these major cryptocurrencies is not much higher than that of minor ones, the latter generally bear the brunt of market slumps in the bad time. For miners seeking long-term profits, major cryptocurrencies should be on the top of their mining list.

12. @dolarchain: Have effective tools that help me take advantage of the mining power and also have control over the risks, as well as guidance to use strategies that contribute to improving my profits and have real-time knowledge of the hashrate.

As the market keeps fluctuating, stable mining profits require a product that allows automatic conversion to stable assets in real-time. For this reason, ViaBTC has introduced Auto Conversion and Auto-withdrawal. With the two features, miners can efficiently reduce exposure to price fluctuations and gain stable mining profits.

ViaBTC has launched “Hedging Service” and “Crypto Loans” for miners to flexibly hedge exposure to cryptocurrency prices and ensure smooth capital turnover. Based on the underlying logic of traditional finance, miners can maximize the value of their assets while obtaining long-term stable mining profits.

At the same time, ViaBTC provides miners with open and transparent mining data in a visualized manner. Hashrate Fluctuation Notification through SMS or email enables miners to monitor their hashrate in real-time.

13. @Jaye062: Tips when calculating the profitability of mining cryptocurrencies?

ViaBTC offers Mining Profit Rankings and Profit Calculator. The Mining Profit Rankings show the official data of each PoW cryptocurrency and models including revenues of 24 hours, net profit of 24 hours, and coin prices. The Profit Calculator allows miners to quickly get the estimated daily yield after entering the current coin price, mining difficulty, PPS fee rate, and valid hashrate.

14. @RaidsAirdrops: The difficulty of $ETH mining. ViaBTC team should search for more better ways to give us Flexible $ETH mining.

Due to the Ethereum (ETH) Merge, ViaBTC has stopped the ETH PoW mining service. If you still want to get ETH, you can choose to stake on other platforms. If you want to keep PoW mining, it is advised that you access the ETC mining pool. ViaBTC will continue to provide you with secure, stable, open, and transparent one-stop mining services.

Thank you all for participating, and congrats to the winners. For those who miss the opportunity, don’t worry. Stay tuned and look forward to the next “Burger Day”!