A subsidiary of Huobi Group, Huobi Pool is being declared one of the top 10 cryptocurrency mining pools on September 25. In the recent weeks, the company has encountered substantial profits in the share of the global Bitcoin mining operation and the entity’s share has augmented significantly.
Launched on March 30, 2018, Huobi Pool had gone down at the 13th position during the time of writing. Presently, it holds 1.47 percent share of the total pool. The news surrounding the entry into the top 10 ranking came after Huobi Pool Token was released, which is considered the first sub-token in the Huobi Token eco-system.
Since the launch of Huobi Pool Token, the renowned cryptocurrency mining pool has witnessed a huge growth of around 50 percent in computing power. On September 26 this year, the firm noted its computing power surpassing 1,000P hashpower.
One notable advantage for the Huobi users is that it can earn Huobi Pool Token by contributing hash power to the Huobi Pool while mining for Bitcoin Cash or Bitcoin, although 10 billion Huobi Pool Token was initially issued to the holders of Huobi Token. The Huobi users will be allowed to participate in the future development (of Huobi Pool) and can also get the share in the value growth of the firm, as reported in the press release aired by Cision PR Newswire.
The company recently commenced applications for Global Elites program that would offer the users with 2 Bitcoin for every successful referral. The members of the Global Elites program can not only participate in the marketing and promotional activities, but they will also receive first-hand research for the company and get the opportunity to take part in multiple ventures in the world, Blokt noted. The founder of Huobi, Leon Li met the Russian President Vladimir Putin’s advisor Sergey Glazyev in the capital city of China.
The purpose of making such cryptocurrency mining pool from the house of Huobi is to meet the requirements of the large community of miners in the digital assets. Since the pool is linked to the trading platform, the miners can make the trading on the Huobi Exchange.
The post Huobi’s Presence In Top 10 Cryptocurrency Mining Pools With Substantial Profits In BTC Share appeared first on OWLT Market.
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