ViaBTC: The Long-Term Believers in Bitcoin

cryptonews.com:

Nearly two weeks have passed since Bitcoin’s fourth halving, and investor interest is cooling as the initial excitement subsides. The ever-shifting cryptocurrency industry is ripe with captivating stories that often divert attention to the newest hot topic. Amid this, the ViaBTC team, known for mining block 840000, played a crucial role in this recent halving. After reaping widespread accolades, they have returned to their products’ core development, embarking on their eighth year in the crypto sector.

Initially, many dismissed Bitcoin as the 21st-century equivalent of Tulip Mania, a fleeting and frenetic speculation phase. However, a small group believed in its potential to revolutionise currency. Among these early believers was Yang Haipo, founder of ViaBTC. Yang began exploring Bitcoin and its cryptographic foundations in 2011, actively contributing to the Bitcoin community’s growth. In 2016, he committed to shaping the future of digital currency and established ViaBTC. The mining pool quickly made its mark by entering the global top five for BTC computing power and has mined nearly 40,000 BTC blocks to date.

This article offers an in-depth study of the ViaBTC mining pool, focusing on how this team, a recorder of Bitcoin’s pivotal moments, has dedicated itself to Bitcoin for eight years and has grown and strengthened.

ViaBTC: Prioritizing Long-termism Over Luck

In Bitcoin mining, “luck” is a term used to describe the ratio of the actual number of blocks mined versus the theoretically expected number within a given statistical period. Mining fundamentally resembles a random process akin to rolling dice; each result is uncertain. Miners might experience streaks of luck, mining multiple blocks consecutively, or face