ViaBTC Launches Gift-based Incentives for Bitcoin Miners

Mining pools are always looking to attract more miners. That is much easier than done, though. ViaBTC has come up with a new plan to do exactly that. Their new “holiday incentive” is pretty interesting to take a look at. Anyone who continuously mines for 30 days will be eligible for a prize. Some of these rewards are pretty big, even though most users won’t have the necessary hashrate whatsoever.

It is evident the big miners will benefit the most from this new ViaBTC campaign. Anyone who contributes less than 1 petahash per second will not receive anything, by the look of things. That is only to be expected, although this incentive was never designed for the everyday miner whatsoever. The users who can successfully contribute that amount or hashpower or even more will certainly get rewarded handsomely.

Massive Giveaway by ViaBTC

Rewards include Bluetooth speakers, an iPhone X, and Macbook laptops. Those who successfully contribute between 7 and 8 petahash will be eligible for the iPhone X giveaway. It seems these rewards will be issued free of charge and come on top of the regular mining rewards users receive. An interesting way of tying more miners to ViaBTC and Bitcoin Cash, that much is evident. It makes you wonder why we don’t see more of these efforts in the first place.

This promotion begins on November 23rd and runs until December 25th. That means interested parties need to switch over their miners starting tomorrow. The hashpower needs to be provided continuously for 30 days or more. Users can’t switch to different pools in the meantime. Moreover, the winners may not receive the actual goods, depending on supply issues and locations. Overseas miners will receive gift cards with the item value instead. That makes the whole ordeal a lot less appealing all of a sudden.

It will be interesting to see how this promotion plays out for ViaBTC. Users are welcome to mine either Bitcoin or Bitcoin Cash, as long as they provide the hashpower. This may lead to a spike in BCH hashrate over the next few weeks. At the same time, there is no indication anyone will join this giveaway unless they live in China, to begin with. People would love to get an iPhone X instead of a gift card, but that is pretty much impossible for non-Chinese residents. Regardless, the incentive itself is pretty clever.

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Source: Newsbtc

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