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ViaBTC’s 7th Anniversary: The Evolution of Crypto Mining

On January 3, 2009, Satoshi Nakamoto mined the Genesis Block on a small server in Helsinki, Finland, and received a reward of 50 bitcoins, which marks the beginning of crypto mining.

From CPU to ASIC

In Satoshi Nakamoto’s initial vision, BTC mining could be performed using CPUs installed on PCs. During its infancy, Bitcoin remained obscure and offered no value.

It wasn’t until 2010 when Bitcoin enthusiast Laszlo Hanyecz argued that GPUs could perform more computations per second than CPUs and tried to use GPUs for mining, and he was correct. After Hanyecz shared his GPU mining code with the community, Bitcoin saw its first hashrate surge by 20,000 times, from 6 MH/s in January 2010 to 120 GH/s in December 2010.

What’s interesting is that Hanyecz, who introduced GPU mining, was also the one who started Bitcoin Pizza Day. Hanyecz earned plenty of bitcoins through the GPU mining approach he invented and spared no efforts to promote the crypto. For instance, the guy bought two pizzas with 10,000 BTC, giving real value to the new currency for the first time.

The appearance of GPU mining and the surging BTC price led to a mining arms race, and miners were constantly seeking new ways to improve their hashrate. In 2011, someone shared the code of FPGA mining machines on GitHub, which started a new era dominated by specialized mining rigs. In 2011, the Bitcoin hashrate rose from 116 GH/s at the beginning of the year to nearly 30 TH/s at the end of the year, a nearly 300X growth.

2012 saw the birth of ASIC mining machines, which are superior models, and the Bitcoin hashrate skyrocketed from 20 TH/s to 12 PH/s, an increase of 600 times. Since then, ASIC models have replaced CPUs, GPUs, and FPGA machines as the mainstream BTC mining machine.

From Solo Mining to Pool Mining

The growing hashrate raised new concerns — Is bitcoin mining still profitable as more and more miners join the business? Upon realizing the limitations of solo mining, Czech programmer Marek Palatinus found a solution: unite BTC miners, pool the resources, and share the profits. In 2010, Marek started slushpool, the world’s first mining pool. Since then, BTC mining has gradually transitioned from solo mining to pool mining.

Although mining pools gather a large number of miners, miners are not always tied to one pool, which has led to the sudden rise and fall of many pools. For instance, in 2013, GHash.IO attracted plenty of miners with its zero-fee policy. By 2014, the pool’s peak hashrate had even surpassed 51%, raising concerns in the Bitcoin community. However, this giant pool eventually shut down in 2016 due to repeated large-scale DoS attacks.

Clearly, mining pools demand strong technical capacity. In the early days, many pools underestimated the technical requirements of the industry. As a result, they suffered attacks and eventually shut down, just like GHash.IO.

Having realized the immature technologies and products in the pool industry, Haipo Yang, an early Bitcoin builder, decided to build a stabler and more efficient pool to empower BTC mining, a key channel for maintaining the normal operations of the network. In just two months, he independently completed the coding of ViaBTC Pool, which officially went live on June 5, 2016.

ViaBTC Riding the Waves

Born in a time of fierce competition, ViaBTC has remained a top player in terms of hashrate, thanks to its stable technologies, innovative products, and satisfying user experiences.

Shortly after its launch, ViaBTC invented the PPS+ payment method based on the conventional PPS and PPLNS methods. This new approach guarantees stable mining revenue while sharing miner fees, allowing ViaBTC miners to earn more coins than their peers in other pools. Later on, mainstream pools started to embrace the PPS+ payment method. ViaBTC’s invention of PPS+ has catalyzed changes in industry rules and brought higher and stabler mining revenue to miners.

At ViaBTC, technology is always a priority. For instance, the pool optimized the broadcasting and transmitting process of the BTC network through its independently developed BTC client. Thanks to its high-speed block updating networks distributed around the world, miners can discover and broadcast new blocks more quickly. Furthermore, these efforts have lowered the orphan rate, ensured stable mining revenue, and improved the operating efficiency of the network. To date, ViaBTC remains the mining pool with the lowest orphan rate.

Over the years, ViaBTC has also introduced a wide range of functions and tools, including the Transaction Accelerator, Auto Conversion, Smart Mining, Hedging Service, Crypto Loans, Hashrate Fluctuation Notification, Revenue Sharing, and Referral Commission, to provide users with faster, stabler, and more lucrative mining and derivative services.

Looking back at the past seven years, ViaBTC has seen the ups and downs of crypto mining. GHash.IO is just one of many pools brought down by network attacks. Moreover, there are also pools hurt by disrupted cash flows, as well as pools abandoned by miners due to unstable block output. ViaBTC, on the other hand, has remained committed to products and technology, with a focus on users. These efforts have paid off as it becomes one of the few crypto companies to celebrate its seventh anniversary.

ViaBTC now provides mining services for more than one million users in over 130 countries and regions, covering 10+ cryptos that include BTC and LTC. Moreover, the pool is a top player in terms of the mining hashrate of cryptos including BTC and LTC, with multi-billion dollar worth of cumulative mining output.

Going forward, ViaBTC will continue to provide professional, efficient, secure, and stable crypto mining services for miners, while developing comprehensive, reliable, secure, and satisfying crypto products through dedicated efforts. At the same time, ViaBTC will drive the progress of the mining industry to witness the new blockchain future together with its users.

 

 

 

 

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    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 14.10.25 08:46 robertalfred175

    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 18:07 crypto

    Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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