BTC.com is the most powerful bitcoin wallet, popular block explorer & global mining pool. Which project was launched first? How was the start-up founded, funded & grown in the initial stages?BTC.com is a product of Bitmain. The mining pool was launched in 2016 as well as the wallet, which was launched in summer 2016 following the acquisition of Blocktrail. Blocktrail was an Amsterdam-based startup that developed a popular block explorer, API and multi-platform consumer wallet.
Where is BTC.com based? How many employees are currently employed at your company?BTC.com is based both in Amsterdam and Beijing – we have over 60 team members across our products, with Bitmain having more than 1000+.
According to Russian-language internet resources, BTC.com is owned by Bitmain Technologies. When did the companies start working together?
BTC.com is a product of Bitmain, launched in 2016.
Why were these sectors of crypto business industry chosen: launching and supporting a wallet, as well as a mining pool?BTC.com powers the new, open financial system. We strongly believe in furthering this new financial system through safe and trusted tools to empower people.
BTC.com – is the biggest BTC and BCH mining pool. How do you manage and strengthen your leading positions? What are secrets to success in your business?Through a lot of hard work and great technology offering! We offer FPPS system which is a high payout scheme which also includes offering revenues from transaction fees to our miners. Alongside that we attend conferences and meetups to engage with new potential BTC.com miners worldwide.
Does the volatility of bitcoin exchange rate affect the operation of your mining pool? How?It does not, as we are just a pool! It is ultimately up to miners to decide what is feasible for them to mine. For us, we provide this service always and strive for it to be the best, regardless of the price.
Some experts believe that bitcoin miners are now operating at the break-even levels. At what price, in your opinion, may miners shut down their bitcoin mining operations?The answer will vary from miner-to-miner and isn’t absolute. Each miner has different cost-structures so its difficult to estimate. Currently, we see the mining sector growing strongly.
What’s BTC.com’s Network Share of total Hashrate?Our current network share at the time of writing is at 29% for bitcoin and 12% for bitcoin cash.
At the moment, the btc.com pool members can mine BTC and BCH. Which options or new cryptocurrencies do you plan to offer your customers in near future?We go through a rigorous selection before any new addition to our pools. It takes a lot of time and many eyes to look at all of the details.
How many BTC.com wallet users do you have today? What is your wallet’s product competitive advantage?We don’t release specific stats but we have a million + users and billions of dollars in value transacted through our platform. Our platform is highly secure, easy-to-use and packs powerful technology under the hood, making it easy for users worldwide to use cryptocurrency securely.
BTC.com wallet added the possibility of purchasing BTC and BCH by credit card. Where did the idea come from? How much is this option in demand now? After all, it requires personal identification info, although cryptocurrencies mean anonymity.It’s important for us to provide an easy way for users to acquire cryptocurrency because of the high demand, so we have partnered with third parties to help enable this. When dealing with cryptocurrency on-ramps, identification is always required, however we try to make the experience as easy and quick as possible.
What innovations can we expect? What new projects are you working on right now?We have many exciting releases in the pipeline and look forward to announcing them throughout this year.
What is the market share of Russia and CIS countries among mining pool and wallet users? If there any statistics?Russia is one of our primary markets, and we look very much forward to providing many services, tools and products for the Russian market. We feel Russia is still an untapped market in regard to cryptocurrency – and we want to be there to support its growth.
Do you plan expansion opportunities in Russian-speaking countries? Do you have any plans to open a representative office in Russia?We most definitely have plans to expand into Russia. As you may know, our platform is already translated to Russian language. We will be sponsoring grass-roots initiatives that are organized by the passionate crypto communities in Russia. We have done this in the past with conferences and airdrops.
We want to further these initiatives; as well as free educational workshops for all to learn the basics. Finally, we want to provide a safer and better onboarding experience for the people of Russia so they can too, experience this new open peer-to-peer financial system.
Russian version is available on
https://coinlife.com https://goo.gl/quExjE
