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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ViaBTC is a Chinese mining pool, one of the largest (a leader in BTC, BCH, and LTC). It has been successfully operating since 2016, so questions about its reliability and honesty are out of the picture. You can mine various coins here, including not only the main ones but also ZEC, DASH, RVN, and other altcoins. The fees, although high, ensure a stable profit withdrawal. I have been participating in this pool for two years now and have no problems withdrawing all my crypto. Besides the pool itself, ViaBTC has a well-developed ecosystem that I have personally explored. First of all, there's the CoinEx cryptocurrency exchange (a convenient platform with spot and margin trading options, contracts, etc.), the ViaWallet (a decentralized multi-currency crypto storage), as well as an investment platform and other products that do not interest me.
Great service, this is where I started mining Bitcoin when its price dropped. I bought equipment at a low price (it was on sale for pennies back then) and registered. Throughout the time, I tried different payout systems, but solo mining brought me the most income, where payment was made for mined blocks without the involvement of other miners (plus, it has the lowest fees here). I withdrew Bitcoin to my wallet without any problems. When Bitcoin reached its peak, I sold the equipment (for significantly more than I bought it) and the cryptocurrency itself. Huge thanks to the service for the opportunity to earn easily.
This mining pool has been around since 2016 and is one of the largest in the Asian region. It supports 16 different coins, including BTC, ETH, BCH, HEC, XMR, and others. Income from mining is calculated using three models: PPS+, PPLNS, and SOLO. By default, the PPS+ model is active, while the others can be selected in the settings. The fee depends on the chosen model and is 4%, 2%, or 1%. The network demonstrates high stability. Personally, I consider ViaBTC an excellent option for those who prefer to avoid risks. The reliability of the pool is also confirmed by the development of its ecosystem; it's unlikely that a scam project would take such serious steps.
This is a complete scam. At first, everything went well for about a year. After a year, they stopped allowing withdrawals and started sending almost impossible requirements to restore transfers. What does electricity and a pool have to do with this? It's completely unclear. There are so many photos that even a bank for a mortgage wouldn't require, confirmations of purchase and logistics - it's absurd. They are neither the police nor the prosecutor's office to ask such questions. $800 fraud.
The pool has been around for over 7 years. I have worked with it several times and only stopped during times when mining wasn't particularly profitable. Now, with Bitcoin and other cryptocurrencies rising, the pool has become relevant again. You can mine various coins here, but I mainly focus on BTC and VSN. It's nice that there is smart mining – the system automatically switches to the more profitable coin. The income calculation also varies. If you have enough power, you can mine solo, but if not, it's better to stick with the basic PPS+ (although I prefer PPLNS, as the fee is lower – 2%). The minimum withdrawal amount is quite reasonable.
I connected to ViaBTC for the first time. The website offers a lot of instructions (including in Russian) on how to set up mining. They have everything – from choosing a calculation method to configuring the Stratum URL, adding a miner, and setting everything up. I managed to do everything correctly on the first try. Right now, it seems like everything is working fine, and I've already received my first payouts. We'll see how it goes from here, but so far, I have only positive impressions.
I used this site for six months. One evening, I decided to check my account and found that there was no money. Without my knowledge, someone transferred it somewhere. A month of mining turned out to be in vain. Support doesn’t respond and is silent. I didn’t receive any notifications for confirmation. How could this happen? I don’t even understand. It feels like they stole everything themselves. Just when Bitcoin started to rise. I left them, so to speak, ran far away. At first, everything was going well.
I do not recommend using this service; it's a real scam. I've noticed more than once that funds from my balance disappear (gradually, but systematically). The pool's price is significantly lower than that of competitors, and I haven't checked and don't intend to check the withdrawal of funds. P.S. On my own equipment, I earned an average of 3-4 dollars, while on ViaBTC, I only made 1.5 dollars.
The ViaBTC pool has started to reduce its hashrate. After adding the LKY and PEP coins, the income from LTC and Doge has halved. As a result, mining profitability has decreased, withdrawal fees have increased, and there is now an exchange that many do not need. Regarding the exchange, there is also deception happening there. I do not recommend it; it's a complete scam. Good luck to everyone, the pool was decent, but now, unfortunately, it's already a scam.
Great pool, through which I mined bitcoins back in 2017. I sometimes left it, but always came back. Perhaps the conditions here aren't the best, but there is one important advantage – reliability. Big numbers on the screen don't mean anything if you can't withdraw them to your wallet. There are no issues with that here. For those planning to start, I recommend mining with PPS or PPLNS. The first option is more predictable (the reward is paid even if the pool doesn't find blocks), while the second is a bit more profitable in the long run. I don't recommend solo mining; it's better not to take the risk of trying to find blocks on your own. Personally, I only mine bitcoin, as dealing with altcoins is quite risky.
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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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