Bitcoin Mining Profits Under Pressure
The Bitcoin mining industry is feeling the pinch as rising electricity prices continue to erode profitability. According to data from CryptoQuant, many miners have seen their profits halved due to surging energy costs. This reality forces miners to seek alternative ways to stay profitable and manage their operations more efficiently.
Why Mining Pools Are a Game-Changer
Mining pools like ViaBTC and WhitePool have become critical tools for miners to maintain a stable income. Instead of operating independently, miners join forces, combining their computational power and sharing rewards based on their contribution to the pool. ViaBTC, for example, offers flexible payout models such as PPS (Pay Per Share), which provides consistent payouts, and PPLNS (Pay Per Last N Share), which focuses on rewarding based on successful block discoveries.
WhitePool’s 0% Commission: A Limited-Time OpportunityFor miners looking to maximize their returns, WhitePool, offered by WhiteBit, presents an excellent opportunity. Until the end of September, Whitepool has a 0% commission promotion, allowing miners to keep all of their earnings without any deductions. This promotion makes it an ideal time for miners to switch pools or begin mining without worrying about fees cutting into their profits.
WhitePool supports both PPS and PPLNS, giving miners flexibility in how they earn rewards. With Whitepool’s seamless integration into the WhiteBit exchange, you can easily withdraw and trade your mining rewards as soon as they’re credited.
The Competitive Edge of Joining a PoolBoth ViaBTC and WhitePool offer robust infrastructure, ensuring that miners can maintain profitability even as energy costs rise. Whitepool’s fee-free promotion gives it a significant advantage, particularly for those looking to offset operational costs in the short term.
As energy costs rise and mining becomes more competitive, joining a pool with a zero-fee structure like Whitepool could be the key to sustaining profits.
