BTCC Pool, the bitcoin, bitcoin cash, litecoin, and super bitcoin mining pool run by BTCC, has announced that it has switched to a new, transparent model of full pay-per-share (FPPS) cryptocurrency mining.

Under the new model, rather than just seeing how much hashing power they have contributed and how much mining rewards they’ve earned, miners will also be able to see:

• How much hashing power the pool as a whole contributed to the bitcoin network over the past 24-hours.
• How much the miner contributed to the pool’s hashing power over the past 24-hours.
• How much the pool earned in mining rewards over the past 24-hours.
• How much of the pool’s mining rewards the miner earned over the past 24-hours based on his/her contributed hashing power during that time period.
• How much in transaction fees the pool earned over the past 24-hours.
• How much of the pool’s earned transaction fees the miner earned over the past 24-hours based on his/her contributed hashing power during that time period.

“BTCC Pool’s aim going forward is to provide the fairest, most transparent, and most comprehensive digital currency mining services to our customers worldwide,” said Denver Zhao, senior vice president of BTCC Pool.

In addition to introducing this new, transparent daily statement, BTCC Pool also announced that it would start offering 1% mining fees for bitcoin mining. The new 1% promotion fee that BTCC is offering for bitcoin mining is the lowest fee in the industry.

The announcement follows the recent acquisition of BTCC by a Hong Kong-based blockchain investment fund.