Categories: CryptoNews

ViaBTC Briefly Overtook Antpool As The Second Largest Bitcoin Mining Pool

Not too long ago, the ViaBTC mining pool started testing the Bitcoin Unlimited block size solution. Although there was no official plan to switch to this option on the mainnet anytime soon, the pool is seeing a healthy influx of new miners. So much even that it become the second largest Bitcoin mining pool less than 24 hours ago.

ViaBTC Is On Everybody’s Radar

One thing is for sure: ViaBTC

is a Chinese mining pool people want to keep an eye on. Even though Antpool reclaimed the number two spot a few hours ago – according to blockchain.info stats – things are looking quite good for ViaBTC. Not too long ago, they were “only” the sixth largest mining pool for Bitcoin.

Things started changing quickly when the operators announced testing of Bitcoin Unlimited. Although this testing does not warrant an official mining implementation of this alternative development branch, it got a lot of people excited. ViaBTC is one of the few pools openly showing some support for Bitcoin Unlimited right now.



At the same time, there are still a lot of questions regarding the support for Bitcoin Unlimited. A lot of people are not too keen on increasing the Bitcoin block size in such a drastic way. On the other hand, a lot of miners either don’t seem to care or aren’t interested in showing their support for any solution being developed right now.

Related Post

Over the past few months, various large Chinese mining pools have remained on the sidelines during this debate. While the operators attended the Scalability events, they are not showing any signs of attempting to address the problem. A fair few miners are fed up with this lacklustre attitude, and the switch to ViaBTC seems to confirm those suspicions.

All in all, this is a very interesting turn of events for a mining pool just over two months old. While there is no guarantee they will switch to Bitcoin Unlimited, keeping an open mind is winning over a lot of miners. Thankfully, not every mining pool operator has grown complacent.

Image credit 1

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Best Altcoins to Invest in Today: Qubetics Sets the Stage for Blockchain’s Future as Bitcoin Hits $108K and Litecoin Soars

The cryptocurrency world has always been a hotbed of innovation, attracting both seasoned investors and…

6 hours ago

Dogecoin Millionaire Predicts This Undervalued Altcoin Could Match DOGE’s 2021 Gains

Dogecoin's 2021 rally was a historic one, turning ordinary investors into overnight millionaires. This magnificent…

7 hours ago

Qubetics Presale Skyrockets to $7.5M as XRP and Arbitrum Lead Best Altcoins for Exponential Returns

The crypto market is always evolving, with big names like Bitcoin and Ethereum leading the…

7 hours ago

Over 300K Users Actively Mine Crypto On BlockDAG’s X1 Miner App While BNB Bulls Eye $3K; What’s XRP’s Price Target?

The crypto market is ablaze with excitement as altcoins like XRP and BNB make major…

8 hours ago

Best Crypto Presale To Buy Now: Rollblock Delivers For Holders With New License, Record Sign Ups and 7000+ Games

Rollblock is quickly becoming the best crypto presale to buy, delivering unmatched value for its…

11 hours ago

Polkadot And Uniswap Gearing For Post-Christmas Jump As Rollblock Raises $7.4 Million in Presale

While Rollblock's continues its crypto presale, with its value increasing regularly, Polkadot (DOT) and Uniswap…

12 hours ago