ViaBTC is a well-known mining pool with a long history, but users report issues with fund withdrawals and decreasing profitability.
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Registration on ViaBtc is easy, done through email. On this exchange, you can trade various cryptocurrencies, including Bitcoin, Bitcoin Cash, Yuan, LTC, and others. Verification is a mandatory procedure. You can set a limit order for buying, choosing the price you want to offer for the cryptocurrency, rather than going with the market price. There's also the option to adjust the purchase amount as a percentage of the deposit (25%, 50%, 75%, or 100%). The trading interface features a clear professional chart, similar to what is used in Forex. The maximum withdrawal amount is 100 bitcoins per day. The exchange does not charge a withdrawal fee; there is only a network transaction fee of 0.0005 B.
Mining cryptocurrency has become significantly easier: now there is no need to buy your own equipment, it's enough to rent cloud resources. On this platform, you can rent equipment for any duration. It is recommended to choose an RPI (rating) at level 100 to avoid downtimes. You should opt for a more powerful hash rate. Rent can be paid in satoshis. To withdraw earned funds, you need to open a Bitcoin Cash wallet. The service charges a fee of 0.0001 BCC for withdrawals. If the withdrawal amount is less than 0.001 Bitcoin Cash, the money arrives within a few hours, but if it's more, it takes 2-3 days. My earnings on this service have not been impressive so far. Although I have been renting power for over three months, the earnings barely cover the rental costs. It seems worth trying to rent power for a longer term and choose the most productive options to increase earnings.
I used ViaBTC only to speed up transactions that were stuck waiting for confirmations. A few months ago, I really liked the service, and transactions went through significantly faster. It is also referred to as a transaction accelerator. I was especially pleased that the site does not require payment for this service, which immediately attracted me. I noticed that it works best to enter the data 5 minutes before the end of each hour and about 20 minutes after the start of a new hour, and this should be done until the system accepts the data. This worked until recently. Previously, a transaction would take a maximum of one day, often 2-3 hours. Now I can't understand what happened to the accelerator: perhaps the number of people wanting to use it has increased, or it has simply become less effective, but at the moment a transaction can be delayed for 2-3 days.
I chose this mining platform because it is considered one of the most successful based on statistics from various sources. It is a Chinese platform, and the available languages are only Chinese and English. I was able to figure it out quite quickly, thanks to the many YouTube videos with explanations. I funded my wallet to pay for equipment rental through WebMoney, buying satoshis and then using them to pay for the rental. I rented several capacities for 64 days for an amount equivalent to 2 thousand dollars. I chose SHA-256 because I believed these capacities were the most efficient. However, in practice, during the rental period, I managed to mine just over 1,500, which is my net income after deducting the mining pool fees. I decided to withdraw part of what I mined, as I understand that you can't really earn much here. I'd rather wait to sell the bitcoins I've already earned until the next price increase.
ViaBTC is known as a popular mining pool, but I only interacted with them through their transaction acceleration service, Transaction Accelerator. I had 3 transactions stuck due to spammers, and they promised to help accelerate them completely for free. There are many positive reviews online, but no one mentioned the long queue, and a maximum of 100 transactions are processed per day. Additionally, there is a limit of only one transaction per day from a single IP. In the end, all my transactions were processed, but I had to wait several days. The first one was pushed through in 2 days, while the others took 3-4 days. Perhaps the service does indeed accelerate transactions, but the wait is too long due to the queue.
I found out that ViaBTC is launching a token for those who want to manage large blocks of bitcoins. I was waiting for the full launch of the mining pool and planned to exchange my existing cryptocurrency for the new S9-BCC contract, hoping for a big profit in the future. Previously, I actively traded on this exchange, but now only bitcoin mining is available. There are also Dash and Litecoin, but I work exclusively with bitcoins since there is more demand and earning potential. I had to pay for the mining power - I rented several different ones as a trial for various terms. I started mining and hoped for a good profit. However, comparing my income to my expenses, I realize that my expectations are not being met. I will have to wait until the price of bitcoin goes up.
I switched to this pool, like many others, because of their support for lifting restrictions on the Bitcoin block. Although the pool is Chinese, the website is entirely in English, and there are no nationality restrictions — my documents were accepted without any issues. The exchange hasn't been around for long, but it has already established a good reputation, and their transaction fees are low. Initially, they didn't charge any fees for withdrawals at all. It's a perfectly normal exchange that doesn't differ much from others, and the security level is high due to several factors: multi-signatures, cold storage, and two-factor authentication. The keys are securely protected. I started using this exchange in August, and by that time they had already raised the fees, but they still remain reasonable. In the spring, they launched a great free service to speed up transactions that were delayed due to spammers. Of course, users immediately began to use it actively, and the service processes no more than 100 requests per day. I used it a few times, and the transactions went through, but it took 2-3 days. Overall, I have a positive opinion about the exchange. It's a large pool, ranking in the top 10. The fees are reasonable, the security is at a high level, but there is a significant downside: you can't access the site without a VPN if your IP isn't Chinese.
For 5 months, I mined on the EMCD pool. At first, everything went well, and there were no problems. However, recently there have been difficulties with payouts: the minimum amount was mined, but payments were delayed for several days. Additionally, the pool sometimes started to glitch significantly, causing the ASICs to not work at full capacity, which led to a drop in hash rate. Seeing an advertisement for Via, I decided to test 2 ASICs. I tried smart mining, and it turned out to be quite good. The ability for auto-conversion and withdrawal of funds without a fee is simply wonderful!
I prefer to collaborate exclusively with large mining pools, even if it sometimes reduces my profits (I have had negative experiences with scammers offering low fees). Via is one of those pools. Here you can mine Bitcoin, Litecoin, Ethereum, Dash, and many other cryptocurrencies. Ethereum (along with Classic) and Monero can be mined on graphics cards, while the others require ASICs. The rewards depend on the chosen model: there are PPS+, PPLNS, and solo. The fees are 4%, 2%, and 1% respectively. The conditions suit me perfectly, so I have no complaints.
From a profitability standpoint, the pool looks quite good, especially if you have ASICs, as you can mine a variety of different coins, which helps manage risks during price fluctuations. It's also worth noting several models for reward distribution. However, there are some unclear aspects. For example, registration is required, although this provides a certain level of protection thanks to 2FA. The pool's interface is not very intuitive, and issues with machine translation into Russian only exacerbate the situation. The pool has an ecosystem with various services, but I'm not particularly interested in that; from a miner's perspective, it would be better if they invested in the development of the pool itself rather than in various wallets and platforms.
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ViaBTC is an online service providing services in the cryptocurrency sector. The company offers mining, exchange, and other solutions for users interested in digital currencies.
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