Review on Huobi Pool by Temitope Babatunde
The Limitation of Huobi Mining Pool
Huobi mining pool is a subsidiary of Huobi Exchange one of the biggest exchange. It was launched in March, 2018. Ding Yuan is the head of staking department of the pool.
Houbi pool aims to contribute the mining power to already existing global mining system. Within short period of time the pool has had 1000p hash power. The pool only has hashrate for mining bitcoin and bitcoin cash which is using power of work (pow).
The pool also operates some pool for coins that uses power of stake mechanism, and by the end of 2019 it has had 25 cryptocurrencies which you can mine using the power of stake from 4 that it has at the beginning. The hashrate was also 4479ph by that time.
Anybody that is using or has account with Houbi exchange can easily use the pool what such one will just need to do is to connect its mining account to the account that he/she already has on the exchange and daily the coin mined will be paid daily to this account, this reduce the stress on the users since they will be having their rewards immediately.
Huobi pool is known for its good customer service.
Pros
- The mining reward is being paid directly into the miners account on Huobi exchange, this gives less stress to the users who will not have the reason to doubt the system.
- The native token of Huobi Pool which is HPT,is also a reward for the miners.
Cons
- Huobi pool is operating under a strong competitive environment.
