ViaBTC launches FCH, bringing new opportunities to Bitcoin mining machines

ViaBTC launched the FCH (Freecash) mining pool on February 13, 2020 (HKT), supporting various SHA256 algorithm miners. ViaBTC became the first mainstream mining pool to open FCH.

At the end of July 2017, ViaBTC took the lead in launching BCH trading and mining, and mined the first 8M block, marking the birth of BCH. ViaBTC also became the third largest exchange at the time. After October 2017, ViaBTC exchange was renamed Coinex. ViaBTC's BTC mining pool currently ranks 6th in the world in terms of computing power, and BCH ranks 5th.

After ViaBTC launches FCH, Coinex will also list FCH trading. ViaBTC and Coinex users can transfer and trade more conveniently between mining pools and exchanges without going online.

Freecash (FCH) is an improvement on the Bitcoin framework of Satoshi Nakamoto. It is an upgrade of the underlying framework to address the existing problems of BTC and BCH. The mainnet was launched on January 1, 2020. Technically, it uses the POW consensus mechanism and the SHA256 mining algorithm, making better use of the mining infrastructure accumulated over a long period of time by BTC and BCH.

The development focus of FCH is the innovation and adjustment of economic models and governance mechanisms. At present, through the improvement of shortening block time, extending the maturity period of new coins, built-in governance funds, post-evaluation, and distribution according to contribution, the legacy problems such as slow confirmation of the Nakamoto framework, machine gun pool impact, insufficient nodes, low governance efficiency, and no compensation for development have been solved. (For details, please refer to the official website: Related Links and Forum: Related Links)

FCH went online at 0:00 on January 1, 2020, starting with CPU mining, then GPU mining 4 hours later, and ASIC mining 6 hours later. The hashrate reached 1P on the same day. Before ViaBTC went online, FCH's total hashrate was 60P, with about 60 nodes. Within 1 hour of ViaBTC's launch, FCH's total network hashrate increased to 94P, an increase of 57%.

FCH mining address:

stratum+tcp://fch.viabtc.com: 3001
stratum+tcp://fch.viabtc.com: 301

Mining Tutorial
FCH adopts the POW consensus mechanism and the SHA256 mining algorithm. Any mining machine that can mine BTC/BCH/BSV can mine FCH. For mining tutorials, please refer to: Related Links