Founded in 2016, ViaBTC covers five major business segments, i.e. the mining pool, the exchange, the wallet, the public chain, and investment, and it is one of the blockchain companies with the most extensive business layout. Specifically, ViaBTC Pool, a world-leading cryptocurrency mining pool, provides mining services for over 1 million users from 130+ countries and regions, and has yielded billions of dollars in mining output cumulatively.

BTC mining has evolved from CPU to GPU and finally to ASIC, setting off a hardware “arms race”. As more advanced mining chips are introduced, the hashrate of mining rigs has been on the rise, making mining significantly more difficult. Meanwhile, hashrates are centralized by big mining farms and large institutions, and retail miners are now less likely to win 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 steady streams of mining revenue.

Back to January 3, 2009... Bitcoin had its genesis block mined that day, and Satoshi Nakamoto recorded the front page headline of The Times on the block, “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”, which marks the start of the crypto history.

Since the birth of Bitcoin, cryptocurrency has always been subject to controversies. For most beginners, blockchain and crypto technology are new concepts. Attracted by get-rich-quick stories, millions have joined the crypto space, many of whom later suffered huge losses and escaped. Each drastic market fluctuation brings more controversies to the crypto industry.

In 2008, the epoch-making Bitcoin was created, pushing Satoshi Nakamoto under the spotlight; In 2011, Haipo Yang found a brand new world from the Bitcoin Whitepaper in his first introduction to Bitcoin; In 2013, Haipo Yang joined the Bitcoin community in the hope of being a geek in the blockchain space; In 2016, resigning from an internationally renowned company, Haipo Yang resolutely devoted himself to developing the Bitcoin mining pool. That is when memories of ViaBTC begin: In June 2016, Haipo Yang independently completed all the code of ViaBTC Pool and launched the pool; In October 2016, ViaBTC Pool ranked fifth globally by hashrate within only four months after it went live; In 2017, LTC and ETH pools were launched; In May 2021, ViaBTC Pool ranked top in the world by BTC hashrate;

Since the Bitcoin genesis block was mined in 2009, many BTC believers have joined the mining craze. As more crypto users start mining, the total Bitcoin hashrate has grown higher. Meanwhile, the hashrate share of a single miner in the entire BTC network has decreased over time. As a result, most solo miners find it difficult to earn stable returns, triggering the appearance of mining pools.

Affected by multiple factors, including the Fed’s recent interest rate hike, almost all financial markets in the world have declined. As US stocks have gone down for 4 days in a row, the crypto market has also slumped. According to data from CoinGecko, as of May 12, 2022, the total market value of cryptocurrencies stood at less than $1.3 trillion, with $1.6 trillion evaporating in just 6 months. Bitcoin, the world’s largest cryptocurrency, fell below $30,000. The BTC price now stands at $28,751, which is at its lowest level since December 2020.

The crypto mining market recorded significant growth in 2021. The relevant data shows that the market cap of crypto mining reached $2.285 billion last year, and the market is now growing at a high compound annual growth rate of 28.5%. We have seen a growing demand for cryptocurrency globally, which attracted droves of investors to crypto mining. For mining pools, this is both an opportunity and a challenge. All mining pools should consider how to provide more stable returns, more satisfying services, and enhanced security measures for different types of miners.

Compared with traditional financial markets, the emerging crypto space is never short of opportunities — Web 3.0, DeFi, blockchain games, and NFT have all achieved economy of scale and captured the spotlight on social media networks. Watched by institutional investors and endorsed by celebrities, these new categories have gone viral. In light of the sustained popularity of the crypto space on social media, mining, which is another crypto segment, seems out of place. Miners are less market-sensitive than short-term investors. They have always been more rational and are more focused on long-term returns. After several rounds of bulls and bears, a growing number of investors are shifting their focus to mining. That said, what factors should we consider before mining? How should we pick a mining rig and PoW coin? Today, we will dive into all these questions one by one.

ViaBTC’s strategic partner SAI.TECH Global Corporation (“SAI.TECH” or “SAI”), a clean-energy-driven Bitcoin mining operator with leading energy-saving solutions to the computing, power, and heating industry, officially listed on Nasdaq on May 2, 2022 (EST). The Class A ordinary shares and warrants of SAI commenced trading on the Nasdaq Stock Market on May 2, 2022, under the new ticker symbols "SAI" and "SAITW," respectively. The recognition for SAI.TECH among institutional and individual investors will undoubtedly give rise to a new paradigm for crypto mining and sustainable energy growth. Following the latest industry trend, SAI.TECH will bring fresh momentum to the sustainable future of crypto mining.

After several rounds of bulls and bears, some cryptos have stood the test of time and recorded a high market cap, while others saw a decline in popularity and headed towards bankruptcy. We have seen new crypto categories during each round of crypto bull and bear. Whenever the market switches from bull to bear, minable coins are the first choice of most investors. There are two reasons: 1) minable coins are backed by mining costs as the essential token economy, which enables a more solid consensus; 2) Minable coins are a long-term investment choice that helps investors stick through both bulls and bears. That said, under the current market conditions, how should new miners choose a suitable minerable coin?

The intensifying geopolitical conflicts have led to a surge in global energy prices, and the world is struggling in a new energy crisis. The price of international crude oil futures rose by over $130 per barrel, and the gasoline price in the US soared to over $4 per gallon, the highest record since 2008.

Since the exponential growth of cryptocurrency in 2021, thousands of investors have flocked to crypto mining. In light of its low risks and stable returns, many large mining companies are trying to venture into energy-rich regions outside their native countries. Meanwhile, at the venue of Bitcoin 2022, nearly half of the exhibition booths were taken up by mining institutions, and were flooded with attendees asking about mining-related issues. These are all indicators of an unstoppable mining boom.

Last week, Bitcoin 2022, a four-day global feast for crypto enthusiasts, ended on the beautiful South Beach of Miami.

In April, along with the heat and cooling breezes, Bitcoin 2022, the largest Bitcoin conference ever held, kicked off at the charming South Beach in Miami. From April 6 to 9, the four-day pilgrimage has attracted over 35,000 attendees. Though most of them are Bitcoin enthusiasts from all over the world, many senior government officials, business leaders, and industry experts also attended the conference.

As a batch of Antminer L7 (the best mining rig for LTC mining) entered the market, the LTC hashrate has edged higher, growing by nearly 20% in 15 days. ViaBTC’s Profit Calculator indicates that based on the current electricity price ($0.05), the net profit of one Antminer L7 now stands at $15.1 per day. The growth of mining profit is not only driven by the constant iteration of mining rig technologies but also by the creation of Merged Mining.

When Bitcoin was just born, the concept of mining pool did not exist. Meanwhile, few people paid attention and those that did often regarded the cryptocurrency as an undisguised scam. For them, mining Bitcoin was simply a joke. Against such a backdrop, the cost of mining Bitcoin was virtually zero, and you could get dozens of coins a day using any computer. However, as the BTC consensus improved, mining Bitcoin has become increasingly difficult, which ended the era of solo mining and gave rise to mining pools.

Following the rocketing Bitcoin price in 2017, cryptocurrencies penetrated much deeper into the financial sector. Along with the continued exposure of the crypto sector in 2021, a huge influx of major capital institutions and the legalization of cryptocurrencies in some countries make cryptocurrencies a “new favorite” in the financial world. Massive demand for cryptocurrencies has spurred the crypto mining market. According to Brandessence Market Research, the crypto market was valued at $2285.4 million in 2021 and the figure is still climbing at a growth annual growth rate (GAGR) of 28.5%.

As everyone knows in the crypto field, “Litecoin is the 'silver' to Bitcoin's 'Gold'”, yet such a saying is not groundless. As one of the earliest cryptos in the trading market, Litecoin has become a regular part of portfolios for major investment institutions. Grayscale, for example, included LTC in its asset holding list long ago, and its current LTC holdings amount to $159 million. Thanks to some improvements to its underlying blockchain technology that address the limitations of Bitcoin, Litecoin has become a hit and a more convenient payment choice in small transactions in daily life.

The development trend of the blockchain industry and the stumbling block to the advancement of the underlying technology have always been the hot topics among insiders. When it comes to the development of underlying performance, we have to mention the public chain. Thanks to the success of Bitcoin, the early blockchain projects were mostly based on PoW, but these public chains have been criticized in many aspects such as scalability, TPS and security.