Last Updated on January 5, 2024 by cryptocreed
ViaBTC is one of the popular crypto mining-related service providers but are they legit or scam? There are many mining pools and ViaBTC alternatives but currently, they are widely used by miners.
In this ViaBTC review article, we are going to check what is ViaBTC, what they offer along with mining pools, where they are located, whether ViaBTC is legit or a scam, and much more to know about them before using it.
So let’s start checking it out.
What Is ViaBTC?
ViaBTC is a multi-blockchain-related service provider founded in May 2016 with the bold title – “Via Blockchain, Making The World A Better Place”. It was founded by Haipo Yang.
He is also the founder of CoinEx and ViaBTC Capital. There are no more details shared related to the team. Here is the Twitter profile of the founder and LinkedIn profile.
They have more than 1 million users from more than 130+ countries and almost covering every region.
It started as a Bitcoin pool on the PPS+ payment model and within a few months it ranked in the top 5 Bitcoin mining pools as per total hashrate.
What Services ViaBTC Offers?
Most of you know about ViaBTC because of their mining pool but they are not limited to that. ViaBTC offers different crypto-mining-related services to miners.
ViaBTC Pool
ViaBTC Pool is one of the biggest cryptocurrency mining pools for Bitcoin, Bitcoin and Bitcoin Cash are two coins that they supported in their founded days. Within a few months, they ranked in the top 5 Bitcoin mining pool.
As of now, they support 16 coins including Bitcoin, Bitcoin Cash, Ethereum Classic, Kaspa, Litecoin, Emercoin, Dogecoin, Dash, Zcash, eCash, Nevos Network, Namecoin, Horizen, Emercoin, Syscoin, Elastos, and Handshake.
While writing this article, ViaBTC has a network hash rate of around 10% and it covers 34% of the total mining pool network of BitcoinCash.
In the below table, you can check how much the ViaBTC mining pool covers the total pool hash rate of each coin that it supports.
ViaBTC supports PPS+, PPLNS, and SOLO mining payment systems. You can also use their feature like One Click switching and smart mining which will help you to switch coins and automatic coin switching.
ViaBTC Wallet and ViaWallet
ViaBTC has an integrated wallet that allows miners to deposit and withdraw their funds. All the mined coins and earned coins from referrals will be deposited in your ViaBTC wallet.
They have a product called ViaWallet which is a web3 wallet where you can store coins and control the wallet with your private keys.
Mining Farms and Companies
If you want to mine Bitcoin but don’t want to invest in hardware? Then you might like this feature. This is the list of third-party companies. They have a list of trusted mining farms that you can use to mine Bitcoin. What you have to do is just visit their Mining Farm page and choose the best farm to mine BTC. Contact the farm and get started with them.
You can also find the list of the Mining companies that provide their services to miners.
ViaBTC Transaction Accelerator
ViaBTC accelerator helps you to boost your transaction on-chain and make it get confirmed faster. You just need to paste your transaction ID and click on Free Submission. You can also boost your transaction by using their paid transaction.
The volume of a single transaction must be ≤0.5 KB and the transaction fee rate should be ≥ 0.0001 BTC/KB. You can pay transaction fees using Bitcoin, Bitcoin Cash, and Litecoin.
Free submissions are limited to 100 free submissions. You can also check out the list of Bitcoin Transaction Accelerators.
Signature Verification
If you want to verify your cryptocurrency address then you can use their Signature Verify feature. Currently, they support 7 coins Bitcoin, BCH, XEC, LTC, ZEC, ZEN, and DASH.
Also Read: Best Hathor Mining Pools
Also Read: Best Monacoin Mining Pool List
Mining Profit Calculator
If you want to know how much you can make by mining the coin then you can use their Profit Calculator which can help you to calculate the daily income and profit for every supported coin.
Simply enter the price of the coin, difficulty, your mining pool fee rate, and valid hash rate.
ViaBTC Referal Campaign
ViaBTC running a Referral campaign since 2017 where you can earn up to 20% of your referred person’s earnings. As a new member, you will get 10% of your referral earning fee but by becoming the Ambassador you can earn up to 20%.
Suppose you referred your friend and he generated a mining fee of $20 then you will get $2 from him. But if you are Ambassador then you will get $4.
How To Join ViaBTC
Anyone can join ViaBTC and it is absolutely free to join. Simply visit the link and fill out the form. Enter your email, send OTP to your mail, and verify your code. After that click on the Sign up button.
You can log in to your ViaBTC account by just entering your email and password to log in.
ViaBTC App
ViaBTC has a mobile app for Android and iOS users. You can download their app from the App Store, Play Store, or APK file from the website.
- Android App: https://play.google.com/store/apps/details?id=com.viabtc.pool
- App Store: https://itunes.apple.com/hk/app/viabtc矿池-通过比特币-让世界更美好/id1334584229?mt=8
- APK: https://www.viabtc.com/res/common/app/download/android
ViaBTC Is Legit or Scam?
To know if it is legit or a scam we have to check what miners have to say about the ViaBTC. Let’s start checking the reviews on different websites like Trustpilot.
On TrustPilot they have a rating of 1.9 out of 5 from 19 reviews. Most reviews say that ViaBTC does not provide good customer support, has high fees, and bans users.
On Revain they have a rating of 3.6 out of 5 from 18 users. Negative reviews are the same reviews that are posted on Trustpilot.
If we check ViaBTC reviews from the Play Store then we have to dig in 15.8K reviews which rates the app 3.3 out of 5. They have more than 500K downloads. Most of the users reported that they failed to access the app. Also, some users reported that the customer support is very bad.
KYC is mandatory.
Overall ViaBTC is a trusted platform to start your mining journey. You can give try to the pool. If you found this ViaBTC review useful then do not forget to share it with others.
