Huobi.pool Enters the Top Ten Bitcoin Mining Pools
Huobi who operates the third largest cryptocurrency exchange Huobi Global has reached the top ten largest Bitcoin mining pools as reported by BTC.com. The Bitcoin mining space has become saturated with companies providing pooled services since Bitcoin mining independently is no longer so profitable or practical.
The Firecoin group sees themselves as a leader in providing financial services for digital assets. The group ventured into blockchain technology back in 2013 with the perception of reforming the financial industry. They have since created a variety of services to help both institutions and regular clients buy and sell Bitcoin.
Huobi began its mining pool operation back in March which has quickly become a major mining pool. The pool can accommodate for both PoW (Proof-of-Work) and PoS (Proof-of-Stake) consensus mechanism diversifying the income sources. This will allow for the platform’s users to choose what coins they would like to mine such as Litecoin. Users can sell crypto they mine through this service at our platform BC Bitcoin.
Due to the design of the platform, Huobi have enabled themselves to plug into different cryptocurrencies in the future to offer a variety of pools. Users may soon be able to sell crypto earned through mining DASH, a PoS consensus mechanism through the platform.
The platform provides a friendly user experience that is very transparent and displays a lot of data. This shows their dedication to leading the industry. More users might be persuaded to use the mining pools and cash out crypto as they offer more services.
Don’t forget to head on over to BC Bitcoin to sell Bitcoin UK and to keep informed on the latest news in the crypto space.