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Academy Press Room Article

OKEx Pool Answers to the Future of Mining Pools

2020.03.09 Vivien

OKEx Pool, a world’s leading comprehensive mining pool built upon the top cryptocurrency exchange OKEx, offers a one-stop mining and trading services for their users all around the globe. Through a variety of mining services for PoW (Proof-of-work), PoS (Proof-of-stake), and PoS-variant cryptocurrencies, users can maximum their yield of as high as 15%.  

OKEx Pool is committed to applying blockchain technology in tackling the demands in different fields, e.g. traditional finance. Combining leading mining, trading, and staking products, sophisticated risk control system, as well as 24/7, one-on-one customer service at one stop, OKEx Pool has earned a large client base with high satisfaction.

OKEx Pool became a top-5 mining pool in 3 months

 “Different from other mining pools, OKEx Pool aims to become a global leading integrated mining pool which supports both PoW and PoS/ PoS-variant mining. Not only do we support 13 major crypto assets for PoW mining, but we also provide hedging and staking services to meet the diversified demands in the market,” said Alina Yao, Head of OKEx Pool.  

“For PoW Mining, we are pleased to become top 5 with maximum BTC hashrate as 7490P in 3 months, considered as an aggressive growth in mining space. In terms of PoS mining, since launched in Aug 2019, we have created a solid base for PoS mining, and OKEx Pool has involved into the development of 20 well-known blockchain projects as supernodes, including EOS, COSMOS, VSYS, IOST, LAD, etc.”

Mining, consensus, and diversity

“Decentralization and distributed ledger technology amazed me with its revolutionary impact that could possibly bring. Blockchain is a frontier technology that can be an ideal solution to empowering the real-world economy in many ways,” added Alina.

“There are different blockchain solutions with different consensus mechanisms out there. But to me, there is no such thing as the best or the worst consensus. We appreciate the diversity of consensus solutions as they offer the market many choices, and we will continue to be open-minded to any new consensus protocols that may come in the future. In the future, the ecosystem of mining pools will become more diversified, and cryptocurrencies with different consensus protocols will be able to interact.”

The future of mining pools

The mining pool is one of the latest businesses in the crypto space. Many operators are still exploring new and sustainable profit model based on the mining services they are already offering. In this regard, Alina has her own idea.

“In my opinion, mining pools should develop into digital asset management platforms with unique advantages. Like many global asset management firms, investment consultant fees, asset management fees and collateralized lending could be the sources of income for mining pools. While today the major income of mining pool comes from management fees, I see huge potential for industry players to develop the other two aspects.”

END


About OKEx

The world’s largest and most diverse cryptocurrency marketplace, OKEx is where global crypto traders, miners, and institutional investors come to manage crypto assets, enhance investment opportunities, and hedge risks. We provide spot and derivatives trading, including futures, perpetual swap, and options, of major cryptocurrencies, offering investors great flexibility in formulating their strategies to maximize gains and mitigate risks.

Media contact:
Vivien Choi
Email: [email protected]
Telegram: @vivienchoi

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