Huobi Pool Joins The Mining Pool Big Leagues

The competition in the world of crypto mining pools is fierce indeed, with several holding a tight group on the top spots. Huobi isn't scared of the competition, however, finally cracking a spot near the top with their mining pool.

Big League Mining Pool

Huobi Pool has seen serious growth this week in their share of the global Bitcoin mining pool distribution. The firm pushed their standing up to the top 10 before sliding to a still respectable 12th slot.

According to data from BTC.com, Huobi broke the top 10 of the total hashrate distribution on September 25. Launched on March 30, Huobi Pool currently holds a 1.2 percent share of the pool.

HuobiThe news comes soon after the recent launch of the Huobi Pool Token, the first sub-token created for Huobi’s cryptocurrency ecosystem. The launch of HPT, Huobi Pool has seen a 50 percent increase in computing power. As of September 26, the mining pool’s computing power has exceeded 1000P hashpower.

10 Billion HPT was initially issued to holders of HT, but users can also earn more HPT by contributing hash power to the Huobi Pool when mining Bitcoin or Bitcoin Cash. HPT will also let users join in on future efforts to develop the Huobi Poll. It will also let users share in the growth value of Huobi Pool

Interested in other blockchain innovations and the latest in cryptocurrency news? Head over to our cryptocurrency news site for more.

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Huobi Pool Joins The Mining Pool Big Leagues
Article Name
Huobi Pool Joins The Mining Pool Big Leagues
Description
The competition in the world of crypto mining pools is fierce indeed, with several holding a tight group on the top spots. Huobi isn't scared of the competition, however, finally cracking a spot near the top with their mining pool.
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Ibinex News
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