ViaBTC announces new Monero mining pool
50 % discount on XMR mining fees accompanies the announcement
Cryptocurrency mining company ViaBTC has recently rolled out a new mining pool for the Monero blockchain. Starting from September 28, users of the platform will be able to mine XRM with a 50 % cut on mining fees during three months, ending the promotion on December 28.
“ViaBTC support XMR mining now! @monero #xmr Come to ViaBTC mining XMR with 50% less fees!!!” reads the publication on ViaBTC official Twitter account.
All the user has to do in order to start mining XMR, is to configure the mining address stratum+tcp://xmr.viabtc.com:8888 and the mining payout will be calculated according to the payment coin established by the miner. Payment methods are split in three: PPS+, PPLNS, and SOLO.
With the announcement of the new mining pool for the Monero community, ViaBTC has entered the game and now competes with other, more popular pools for this particular cryptocurrency – being these Nanopool, Minergate and mineXMR.
ViaBTC is a relatively new cryptocurrency mining platform, founded in May 2016 by Haipo Yang – also known as Haiyang – an ex-worker of Tencent. His platform works in a similar way to other cloud mining companies such as Hashflare and Genesis Mining, in which investors can put their money in any of their mining plans.
The company has mining pools for Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ethereum (ETH), Ethereum Classic (ETC), Zcash (ZCH), Dash (DASH), and Bytom (BTM), with Monero (XMR) being the latest addition, as stated above.
The mining pool offered cloud-mining contract services until January 8 this year, in which they had to terminate the service. While they never specified the reason behind that decision, users and investors of the platform believed that it was due to the Chinese crypto crackdown happening around that time.
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