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HomeBitcoin NewsBitcoin Cash Popularity Allows ViaBTC Mining Pool to Surpass 1 Exahash

Bitcoin Cash Popularity Allows ViaBTC Mining Pool to Surpass 1 Exahash

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The ViaBTC mining pool has seen some major growth over the past few months. Although struggling initially, things have finally picked up. More specifically, the launch of Bitcoin Cash has introduced some major changes for this pool as a whole. In fact, the pool combined for over 1 exahash of mining power earlier today. This hashpower is split between BCH and BTC mining, but it is still pretty impressive overall.

ViaBTC is a well-known name in the world of cryptocurrency. Not only does the company operate a pool, but they also had an exchange platform. Plus, they still provide the transaction accelerator for Bitcoin. However, it is the mining pool which has seen most of the growth over the past few months. This spectacular growth is mainly caused by the launch of Bitcoin Cash. By being one of the first pools to provide BCH support, ViaBTC has made a big impact in quick succession.

Spectacular Growth for ViaBTC as of Late

Earlier today, the mining pool surpassed the 1 exahash mark. That in itself is pretty spectacular, considering how the entire Bitcoin and BCHH hashpower combined is still expressed in exahash, it is evident ViaBTC has quickly become a major player. In fact, they are responsible for mining 24.3% of the most recent 144 Bitcoin Cash blocks on the network. This makes them slightly bigger than BTC Top, for now, although the latter pool still has the advantage when looking at the last 1,000 BCH blocks.

It is impossible to tell if ViaBTC would have become so significant without Bitcoin Cash. It is true the mining pool always had a solid chance of success in the long run. However, the launch of BCH certainly provided them with a much-needed nudge in the right direction. Given the changing profitability of BCH, it is evident ViaBTC will see its ups and downs in popularity. Then again, so will other pools. The future certainly looks interesting for this particular company, though.

Moreover, it appears a lot of miners are quite pleased with ViaBTC. The feedback from the community is of the utmost importance in this regard as well.If people are unhappy, they won’t hesitate to switch to a different pool in the future. For now, people tend to stick with ViaBTC, which is a good sign. It will be interesting to see what the future brings for this pool as a whole. For now, they are definitely a force to be reckoned with.

Header image courtesy of Shutterstock

JP Buntinx
JP Buntinx
JP is a freelance copywriter and SEO writer who is passionate about various topics. The majority of his work focuses on Bitcoin, blockchain, and financial technology. He is contributing to major news sites all over the world, including NewsBTC, The Merkle, Samsung Insights, and TransferGo.

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