Full review of ViaBTC Pool

Full review of ViaBTC Pool

Not every cryptocurrency mining pool accepts unregistered miners. Some require you to create a new account, while others require you to enable two-factor authentication. Nevertheless, we must recognize the fact that the rather strict security measures on the service are quite justified. By the way, this service provides users with deposit accounts. Users need them to store the cryptocurrency they have obtained. ViaBTC Pool operates on this principle. In fact, it is a mining pool where not only asc miners but also GPU rigs owners can find a suitable job.

Registration process and interface features

This website is similar in design to a cryptocurrency exchange. To create a new account, you will need:

1. Provide a valid e-mail and verify it.

2. Register a login and come up with a password that will act as a reliable protection.

3. Enable 2FA.

The administration of this pool recommends linking your mobile number to your newly created account. You also need to come up with a special password for withdrawing assets. You can also add a hidden sub-account, which will help to increase the level of confidentiality.

An additional attractive feature is the ViaBTC transfer accelerator. You can learn how to use it in your work in the Tools tab. By the way, this service can be paid and free, and it depends on the urgency of processing.

Please note!!! Sending the TXID of a deferred transfer to the server results in its inclusion in the next block that will be decrypted. It is also worth considering the minimum network commission. For ViaBTC Accelerator, it should be from 0.0001 bitcoin/kb. All users have the opportunity to apply up to one hundred free ViaBTC Transaction Pools in 1 hour.

Key assets available for mining

This ViaBTC Pool is capable of supporting the mining of fourteen digital currencies. Among them: Dash, BTC, ELA, DCR, ETH, LTC, DOGE, ZEC, BTH, EMC, BTM, XMR, ETC, NMC.

Only the following cryptocurrencies can be mined on video cards: Ethereum, Ethereum Classic, Monero. Other assets are profitable exclusively for devices designed for integrated circuits, asicas.

Ways to set up mining devices

The manual describes in detail all the steps to start mining on any model of an asic miner. You can find them in the review articles. In this paragraph, we will consider how to use utilities to mine cryptocurrency on GPU farms.

To work with Ethereum and Ehereum Classic coins, you should use Claymore’s Miner, which is designed to mine the XMR asset. The ViaBTC pool has the following settings:

• setx GPU_FORCE_64BIT_PTR 1

• setx GPU_MAX_HEAP_SIZE 100

• setx GPU_USE_SYNC_OBJECTS 1

• setx GPU_MAX_ALLOC_PERCENT 100

• setx GPU_SINGLE_ALLOC_PERCENT 100

• EthDcrMiner64.exe -epool ethereum.viabtc.com:443 -ewal LOGIN -allpools 1 -epsw x -worker WORKER NAME

Decoding of values:

• setx -values of variables for configuring video cards;

• exe – program startup code;

• -epool – server connection parameters;

• -ewal – payment address or login created during the registration process;

• -allpools 1 – do not use the viabtc.com server for devfee;

• -epsw – password;

• -worker – name of the worker.

Other pools require mandatory registration, such as Suprnova. In contrast, ViaBTC Pool does not require users to register in advance when setting up mining. It is enough to simply enter the name of the farm in the wallet and then start the device.

You have the opportunity to mine cryptocurrencies such as Ethereum and Ethereum Classic. A single batch file is used for this, and the digital currency is changed with just one click. Then you need to go to the Settings Center where you can select the appropriate asset for payouts. It is located in the column called “Payment cryptocurrency”. This feature is available exclusively for Ethereum and Bitcoin pools.

You can use the deposit address on this pool instead of the “Login” value.

On ViaBTC Pool, the cryptocurrency mining settings look like this:

• @echo off

• xmrig-amd.exe -o xmr.viabtc.com:8888 -u LOGIN.WORKER -p x -k

• pause

You need to enter your own name and the name of the rig instead of the automatically generated words “Login” and “Worker”. Next, you need to save the file with the .bat extension, and then open xmrig-amd, which is located in the user’s folder.

Paying rewards to miners and commission features

On this pool, all users can choose a system that will be used to pay the reward. There are 3 options in total, including:

1. PPS+;

2. PPLNS;

3. SOLO.

By default, the reward will be credited for each individual share (PPS+). If you want to change the payment method, you need to go to the settings and click the “PPS+” button. After that, choose the payout method you need. The commission on this pool is equal to 1 percent of the user’s total income.

By the way, the “Autopayment” option is now available on the “Assets” page. Here you need to specify the address of the wallet for withdrawing funds. After that, ViaBTC Pool will transfer the required amount of money to it, but only after the minimum withdrawal amount is reached. Withdrawals are made automatically from 10 am to 6 pm.

This option is not available for the Monero digital currency. You have the opportunity to withdraw your earnings manually. To do this, use the “Withdraw” button located on the “My Assets” page.

The withdrawal amount must be higher than the transfer fee set for this particular digital currency. For example, in the Ether network, the fee is fixed and amounts to 0.001 ETH. This means that you cannot withdraw a smaller amount.

The developers of this pool have created a special application called ViaWallet. It is designed to store and transfer earned money. This program can be downloaded from the App Store and Google Play. You can go to a trading platform called Coinex directly from the official ViaBTC website. By the way, it is managed by the administration.

Customer reviews and key advantages of the pool

The main advantages of ViaBTC Pool are considered to be

– a small commission fee and a minimum withdrawal amount;

– the ability to choose the system that calculates the payout.

The main disadvantage is that you must register with the service. There is also a small number of available digital currencies for mining on video cards.

After reading all the user reviews, we can conclude that they are mostly positive. However, sometimes there are such comments as: “I can’t get to the service”. As a rule, this happens when a miner accesses the pool from another IP address. Or when the account has been blocked by the administration due to suspicion of hacking. If this happens, you should leave a request to the support team.