Valarhash turns 1

Valarhash
Valarhash
Published in
5 min readDec 9, 2020

It’s our 1 year anniversary here at Valarhash and we want to celebrate it with all of our miners.

(Figure 1) Our beautiful team photo at our launch event in December of 2019.

CHENGDU, CHINA.

LET’S CELEBRATE

A year ago, we here at Valarhash (万有算力) made a splash in the mining community by hosting our primetime launch event to the avail of all the miners in the community. After a year later through the thick and thin this year of 2020 has given to us all, we are still here. And we plan to be here for more years to come.

Upon our product launch conference in December 2019, which was attended by more than 400 industry professionals and was covered on more than 100 media reports, the organization has hit new milestones each and every month. We’re bigger, faster, smarter, and more energized than ever before. To show our gratitude to our clients and community, this 1 year anniversary will be commemorated by community activities, which will include giveaways of BTC! You read that correctly! Bitcoins!

It’s only fitting that we prepare promotional activities to give back to our community and users, as our company takes the opportunity to look back on its plethora of achievements over the past year. Starting from December 9th to December 15th, we will organize a week-long promotional campaign in our English Telegram group (< Click the link to the left). Every day, members who sign in with the words “Happy birthday to #Valarhash” during the event will be able to partake in the sharing of $50 in real bitcoins.

A LOOK BACK

Starting with one of our products, 1TMine, which is a computing power trading platform incubated under our brand, Valarhash, has successfully attracted the attention of new and old miners during the first 6 months since its establishment. The number of updates in the subsequent months that we witnessed were breathtaking and a testament to our team’s relentless drive. In January of 2020, 1THash, our Valarhash mining pool service was launched officially serving as an external service. During the following month, 1TMine launched block transactions to provide miners with customized mining services while still maintaining the daily income of bitcoin for users in the case of currency market downturns.

The summer marked a transitional period for us, as we witnessed the launch of our in-house developed miner management software called “Hashrate Manager” (or 算力管家 in Chinese) in June, which facilitated real-time supervision of managed mining machine computing power. This is followed by the addition of an English version to the computing power and computing power trading platform of the business during the following month, as an effort towards our global market expansion. Valarhash also obtained premium media coverage when our co-founder/CTO, Leo, of Valarhash was interviewed by 36kr, whereas the CEO of Valarhash, Fiona Lv, was invited to the Binance Block 101 live broadcast to discuss the new mining ecology era of 2020.

(Figure 2) Our CEO, Fiona Lv, in an interview with Binance Block 101

In September, Valarhash collaborated with Canaan Technology and other mining machine suppliers to integrate mining machine resources. More recently, the mining machine hosting service was officially opened to global users, providing customized services for global mining investors. According to the company, the daily income generated for users exceeded 80 BTC, whereas the total number of managed mining machines reached about 100,000. Valarhash’s own mining pool 1THash subsequently is now ranked 8th in the world (according to BTC.com).

(Figure 3) One of our mining farms in Sichuan that makes up a part of our global 1THash mining pool

LOOKING FORWARDS

We continue to strive in providing clients with transparent and beneficial mining plans using advanced technology and lower barriers of entry. Over the last few months, we have focused on exploring new products and demographic markets. For example, our product 1TMine launched Ethereum mining products and added a primary market to make it more convenient for users to place orders in batches. At the same time, Valarhash’s miner hosting business now supports Ethereum mining machines.

Fiona Lv, CEO of Valarhash, reflected on the team’s first anniversary, saying that the business would “continue to strengthen and we will continue to look for high-quality power resources.” The mining service provider is committed to its goal of achieving greater international reach. To cater to a wider audience, Valarhash has begun providing services in Japanese and Korean, with additional mainstream languages such as Spanish, Russian, and French in the making. The company maintains that it is open for further collaboration with foreign counterparts to further bring mining machines and its mining pool services to the international community.

About Valarhash
Chengdu-based Valarhash integrates mining machine sales, miner hosting, mining pool, and mine construction services. Led by CEO Fiona Lv, Valarhash aims to provide users with transparent and beneficial mining plans using advanced technology, with lower barriers of entry. Business operations cover hardware research and development, digital asset transactions and 1TMine hash power contract sharing. With a leading position in the hash power market, Valarhash integrates frontier resources with global vision, providing crypto compute service (CCS) and linking physical and digital worlds with blockchain technology.

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Valarhash
Valarhash

A Blog Dedicated to Teaching the Community on the Quintessential Importance of Crypto Mining.