The mining pool of Huobi Group has climbed up places in the global bitcoin mining rankings by distributed hash rate, reaching a top 10 position on the 25th September.

The Huobi community welcomed the news following the launch of the Huobi Pool Token (HPT). It is the first sub-token developed for the original Huobi token (HT). Shortly after launching HPT on the market, the mining pool has risen by 50 percent in computing power, exceeding 1000P hash power by the 26th of September.

The HT token holders were privileged to be the first to receive their share from the distribution of 10 billion HPT tokens. Furthermore, users had the chance to earn HPT tokens by contributing with hash power to mine Bitcoin (BTC) or Bitcoin Cash (BCH). The HPT token has two fundamental purposes: to enable users to participate in the future development of the Huobi Pool and to contribute to its value growth.

The idea behind Huobi’s Mining Pool was to provide a solution that meets the needs of the growing community of cryptocurrency miners. To provide a miner-friendly experience, the Pool is connected to the integrated mining and trading services of Huobi.

This allows miners to withdraw their incomes and trade them on Huobi Exchange and Huobi OTC. Furthermore, it simplifies the asset allocation process for users and ensures stability and efficiency. Huobi‘s services are available only for Bitcoin (BTC) and Bitcoin Cash (BCH).

Huobi Group is one of the most influential suppliers of digital assets and services in the world. In 2013 the team established the company, and until now it has given the freedom to millions of consumers in over 130 countries to participate in the cryptocurrency market.         

The company has offices in the United States, Singapore, Japan, South Korea, and Hong Kong. More are expected to arrive in the future.

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