The Rise of ViaBTC: How A Mysterious Miner Could Decide Bitcoin's Future
Bitcoin's "most professional mining pool" has become its most controversial. Following months of debate over how to scale bitcoin's transaction capacity, the conversation has become newly contentious as progress on much-hyped solutions continue to face the kinds of delays that perhaps should be expected when working with novel technologies. This lack of progress (real or perceived) has so far most affected bitcoin's business community, many of which are dependent on technical improvements in the network for additional growth. Indeed, while bitcoin's primary development group has....
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Five Years of Commitment to Empowering Blockchain Projects 2021 marks another milestone for ViaBTC Group. In August, it established a new brand – ViaBTC Capital, an investment platform integrating capital, resources, and post-investment services. From “developing blockchain products” to “empowering blockchain projects”, ViaBTC Group is constantly exploring new frontiers and taking on new missions. “Innovation For A Better Future” Brand Launch online, October 23 On October 23, 2021, ViaBTC Group will unveil ViaBTC Capital online on its official....
ViaBTC, one of the largest mining pools in the world, experienced a 50% drop in its hashpower after allocating all of its resources in mining Bitcoin Unlimited blocks. Bitcoin Unlimited is an alternative project with which miners can decide the size of the blocks they wish to mine. ViaBTC for instance, is mining 2 MB blocks through Bitcoin Unlimited, while the Bitcoin.com mining pool is opting for a 16 MB blocksize. The team behind ViaBTC decided to move its entire mining pool to Bitcoin Unlimited due to their belief that the current capacity of the Bitcoin network significantly restricts....
BTC mining has evolved from CPU to GPU and finally to ASIC, setting off a hardware “arms race”. Since more advanced mining chips are introduced, the hashrate of mining rigs has been on the rise, making mining extremely difficult. Meanwhile, hashrates are centralized by big mining farms and large institutions, and retail miners now struggle to gain the right of block updating solely relying on their own hashrates. To stay in the game, more and more miners choose to join a mining pool for stable mining revenue. Before choosing one from many mining pools out there, miners should think about....
It is positive to see this service reach such a milestone in quick succession. In the world of Bitcoin and cryptocurrency, receiving faster transaction confirmations is of the utmost importance depending on which transaction fee one pays, this process takes roughly 10 minutes or longer. ViaBTC recently launched a service that helps transactions gain confirmations instead of being delayed. So far, the ViaBTC Transaction Accelerator has processed over 5,000 transfers successfully, which is quite a milestone. The ViaBTC Transaction Accelerator is quite a nifty feature. Bitcoin users have....
When asked why they do not increase the 100 tx limit, ViaBTC replied how they need the fee to make this service possible. The ViaBTC Transaction Accelerator has proven to be quite a successful service over the past few months. One downside to this system is how only 100 transactions can be boosted every single hour. In a recent tweet, the company complains about how they are hitting this glass ceiling nearly every hour. It would be better if such a service is not needed in the first place. The only reason why the ViaBTC Transaction Accelerator is popular is due to recurring network....