HaoBTC Bitcoin mining pool officially launched, ranking seventh in the world

Yesterday, HaoBTC, with the vision of "making Bitcoin more useful", officially launched its mining pool service. HaoBTC is famous for its wallet platform and has successively launched monthly account management, exchanges, and mining pools, covering all aspects of Bitcoin basic applications.

Bitcoin mining is innate to HaoBTC. Its team has many years of experience in computing power deployment. So far, its own computing power has reached 74.5P, ranking high among global mining pools. From the perspective of mining income and computing power management, building a mining pool by itself is undoubtedly the best choice.

Yuchuan Zhen, the person in charge of HaoBTC mining pool, introduced that "HaoBTC has been committed to making Bitcoin more useful, from the initial wallet to monthly account management and exchange. The mining pool itself is a basic service of the Bitcoin ecosystem. More mining pools participating in the competition will be more conducive to the stability of the Bitcoin network and provide better protection for the use of Bitcoin. The launch of the mining pool service is actually not only the improvement of our own business, but also the improvement of the Bitcoin ecosystem."

PPS rate model, the lowest handling fee

HaoBTC mining pool adopts the commonly used PPS mining mode, with a fee of 1.5%, which is the lowest in the entire network. Compared with other mining modes, PPS pays income based on computing power rather than actual block income. Miners do not have to worry about the risk of income due to luck, and can continue to obtain stable income. At the same time, another important reason for choosing the PPS mode is that miners can clearly know their income for the day and a certain period of time in the future, which is convenient for making reasonable plans for electricity bills, labor and other expenses and new mine investment.

In terms of income settlement, mining income is automatically settled at 8 o'clock every morning, and payment is made to the Bitcoin wallet account within 4 hours after settlement is completed. It is very convenient to transfer, sell quickly, transfer to monthly account management or transfer to exchanges for trading, saving a lot of trouble.

Continuous testing and optimization to ensure performance

HaoBTC mining pool started preparations in April and May this year. In the early stage, it mainly carried out mining pool program development and deployment. After the functional testing was correct, it started to use its own 70P computing power for online testing on June 12, including optimizing mining pool efficiency and integrating with other businesses of HaoBTC to maintain the stable operation of the mining pool while improving user experience.

After one and a half months of testing and continuous optimization, according to official introduction, HaoBTC mining pool has reached the highest level in the industry in terms of stability, speed of finding new blocks, speed of block broadcasting, etc. Yuchuanzhen said, in simple terms, we have made various technical optimizations in all aspects of the mining pool, including server node selection, network optimization, bitcoind client customization and the mining pool program itself.

HaoBTC mining pool was officially launched on July 26. Before the official launch, 255 blocks had been mined, and more than 5,000 BTC had been produced. Yuchuanzhen said, "We insist that products are the first priority. If we want to do things well, we must first make the product good. Competition is not the first thing we consider. What we consider is to make the mining pool better, more stable, and do our best to ensure the income of miners."

According to btc.com data, HaoBTC mining pool currently ranks seventh in the world. Among the top ten mining pools in the world, China has six seats. In addition to HaoBTC, the other five are F2Pool, AntPool, BTCC, BW, and ViaBTC. Fishing Boat Array said that with the launch of new mining pools, the distribution of computing power in the entire network will be more balanced, and the competition between mining pools will be more sufficient, which will alleviate the market's concerns about the centralization of computing power, and at the same time, there will be more choices for miners.