Why Choosing the Right Mining Pool Matters

There are many mining pools out there, and it’s difficult to choose the right one for your mining. Choosing the correct mining pool is critical to ensuring that your mining process runs smoothly and is profitable. It not only helps you boost your profit potential, but it also provides consistent payouts, decreased operational costs, and proper protection from scammers.

ViaBTC leads the mining industry by combining excellent technical performance with miner-focused innovation. Three of its main advantages over other mining pools are its high profit mining with its payout method, stable mining operations, and transparency. These three main advantages are the reasons why you should be mining with ViaBTC.

1. High Profit Mining: Earn More with ViaBTC’s PPS+ Mode and Collaterized Loans

Unlike other mining pools, ViaBTC has high-profit mining with their PPS+ payment method and collateralized loans. PPS+ (Pay Per Share Plus) is an extension of the standard PPS technique that includes an additional allotment of transaction fees. 

PPS stands for Pay-Per-Share, a mining pool payout method where miners receive a fixed, guaranteed reward for every valid "share" (a hash that meets the pool's conditions) they submit, regardless of whether the pool successfully finds a new block. 

With PPS+, ViaBTC pays miners for each valid share they submit, as if the pool were hiring them, so miners will receive a consistent reward. ViaBTC carries all of the risks associated with bad luck and orphaned blocks.

ViaBTC founded the PPS+ payment method in August 2016. It was introduced as an improvement to the traditional Pay Per Share (PPS) model, with the key addition being the distribution of transaction fees based on the PPLNS (Pay-Per-Last-N-Shares) method alongside block rewards.

ViaBTC also offers collateralized loans, a financial service created for miners that provides flexible liquidity solutions. It's perfect for people who want to hold cryptocurrencies for the long term but still need money to meet running costs, such as energy and miner maintenance. Miners can use their cryptocurrency assets to borrow from ViaBTC. Once the loan is entirely paid off, the collateral will be returned to them. The loan allows miners to secure liquidity without selling their mined assets. This brings financial benefits to both small and large miners.

2. Stable Mining Operations: Backed by Multiple Global Nodes

ViaBTC has stable mining operations, which makes it among the leading mining companies. Stable mining operations mean regular, predictable revenue and performance, which is accomplished by tactics such as leveraging financial instruments to hedge against price volatility, diversifying revenue streams (such as staking), and utilizing efficient, specialized technology. It also refers to whether the pool experiences any downtimes, which affect your mining ability and profits.

One reason this stable mining operation is possible with ViaBTC is its distributed global network of nodes worldwide. These multiple nodes worldwide help to avoid centralizing nodes in a particular location, which can go down at any time. With multiple nodes located globally, they play an essential role in constantly verifying that transactions and blocks are correct and accurate, and there is no downtime.

3. Transparent Mining: Fair and Reasonable Fee Structure

ViaBTC's transparent mining structure is a top-notch one in the mining industry. They have clear and reasonable fee rates that are transparent to all miners and can easily be seen in their dashboard, either from the website or the mobile application.

Unlike other mining pools that have hidden charges and complex structures, ViaBTC has a real-time dashboard that openly displays its pool data, payout history, and operational statistics, where all miners can monitor their hashrate and hourly earning distribution. 

Transparency is crucial for long-term miner trust and sustainability. If there are hidden charges, miners will find it difficult to determine if they are profitable in the long run. Therefore, joining transparent mining pools such as ViaBTC reduces income volatility.

Conclusion

Cryptocurrency mining has grown into a process dominated by massive mining pools that pool computational resources to maximize the likelihood of receiving rewards.

Participating in a mining pool allows you to minimize financial barriers and increase success rates by sharing resources and rewards collectively. Before joining a mining pool, ensure you choose one with high profitability, stable operations, and that is transparent. 

Disclaimer

The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed, or investment, or trading advice. Qualified professionals should be consulted before making financial decisions.