Review on Bytepool by José A Rodríguez
Bytepool Mining Pool Closed its Services
Information on the Platform can be part of Scam
Although Asian corporations are relatively new for promoting excellent blockchains and cryptocurrencies, they are at the top of global businesses that were designed to promote block mining services.
Without a doubt, mining pools are part of the necessary growth of a project. Perhaps, executing that task requires high amounts of time and is expensive to invest in it, but they are also profitable when a miner gets the correct block of a token. However, the fact is that in 2020, certain companies were closed as part of disclaimers among projects. Such is the case of BytePool, a Chinese Mining Pool service that stopped providing its services because of low incomes when mining blocks.
So, having that in mind I suggest those crypto-believers wanting to become miners to consider all the information related to official websites since although the web page seems to be functional, it is not. I visited the page and I noticed the Hashrate went in a considerable decline. All services for both Bitcoin and Ethereum are marked in zero.
In the beginning, BytePool was a kind of prestigious mining pool that permitted miners to find diverse blocks of the high Bitcoin Network. It also offered excellent security, and great earnings, but that is now a risk. It can be considered a scam to enter the official web page without relatively new updates.
As a final reminder, I also want to recommend waiting for official announcements (in case they come) from the directive, even though they are a group of enthusiasts. Even the social media community is poor, they are not in essential web pages.
Pros
- N/S
Cons
- It presented a considerable drop in the last months and it was finally suspended. All transactions were closed and the hash rate of the two most tradable blocks was reduced on the page.
- The web page can be considered part of a scam since it has yet information of the service. However, the dashboard reveals zero incomes.
- Low profitability was registered before shutting out the service.
