In 2020, Poolin launched pBTC35A (PBTC35A), aiming to solve the issue of standardizing Bitcoin mining power.
As a "one-stop decentralized standard computing protocol", pBTC35A plays a key role in the Bitcoin mining sector.
As of 2025, pBTC35A has become an important asset in the Bitcoin mining ecosystem, with 621 holders and an active developer community. This article will analyze its technical architecture, market performance, and future potential in depth.
pBTC35A was created by Poolin in 2020, aiming to provide a standardized representation of Bitcoin mining power.
It was born in the context of growing interest in Bitcoin mining, with the goal of offering a tokenized form of mining power to improve liquidity and accessibility.
pBTC35A's launch brought new possibilities for Bitcoin miners and crypto investors.
With support from the Mars project and Poolin, pBTC35A continues to optimize its technology, security, and real-world applications in Bitcoin mining.
pBTC35A operates on a decentralized network of computers (nodes) spread across the globe, free from control by banks or governments.
These nodes collaborate to validate transactions, ensuring system transparency and attack resistance, giving users greater autonomy and improving network resilience.
pBTC35A's blockchain is a public, immutable digital ledger that records every transaction.
Transactions are grouped into blocks and linked through cryptographic hashes to form a secure chain.
Anyone can view the records, establishing trust without intermediaries.
pBTC35A uses smart contracts on the Ethereum blockchain to represent Bitcoin mining power.
Participants can acquire pBTC35A tokens, which represent a standardized unit of Bitcoin mining power.
Its innovation includes providing a liquid, tradable asset that represents Bitcoin mining capacity.
pBTC35A uses public-private key encryption technology to protect transactions:
This mechanism ensures fund security, with transactions remaining pseudonymous.
Additional security features include the backing of physical mining hardware managed in Poolin's supercomputing center.
As of November 28, 2025, PBTC35A has a circulating supply of 214,601.99998208 tokens, with a total supply of 214,601.99998208. The maximum supply is capped at 300,000 tokens, indicating a deflationary model.
PBTC35A reached its all-time high of $216.53 on January 14, 2021, likely driven by the broader cryptocurrency bull market during that period.
Its lowest price was $0.478614, recorded on December 22, 2024, possibly due to overall market downturns or specific project-related factors.
These fluctuations reflect market sentiment, adoption trends, and external factors affecting the cryptocurrency space.
Click to view the current PBTC35A market price

pBTC35A's ecosystem supports various applications:
pBTC35A has established a partnership with Poolin, enhancing its technical capabilities and market influence. This partnership provides a solid foundation for pBTC35A's ecosystem expansion.
pBTC35A faces the following challenges:
These issues have sparked discussions within the community and market, driving continuous innovation for pBTC35A.
pBTC35A's community shows moderate activity, with 621 holders as of the latest data.
On X platform, related posts and tags (such as #pBTC35A) occasionally gain traction.
Factors such as Bitcoin price movements and mining difficulty adjustments tend to ignite community interest.
Sentiment on X presents a mixed picture:
Recent trends show sentiment closely tied to Bitcoin's overall market performance.
X users discuss pBTC35A's role in decentralized Bitcoin mining, its relationship with the MARS token, and its potential as a DeFi asset. These discussions highlight both its innovative potential and the challenges it faces in achieving mainstream adoption.
pBTC35A redefines Bitcoin mining participation through blockchain technology, offering transparency, security, and integration with DeFi protocols. Its unique approach to tokenizing Bitcoin mining power and active development make it stand out in the cryptocurrency space. While facing challenges such as regulatory uncertainties and market volatility, pBTC35A's innovative spirit and clear connection to Bitcoin mining give it a distinct position in the future of decentralized technologies. Whether you're a newcomer or an experienced player in the crypto space, pBTC35A is worth watching and potentially engaging with.
pBTC is a wrapped Bitcoin token on the Ethereum blockchain, allowing Bitcoin to be used in Ethereum's DeFi ecosystem. It's pegged 1:1 to Bitcoin, offering BTC holders access to Ethereum-based applications and services.
No, tokens are not real money. They are digital assets representing value or utility within a specific blockchain ecosystem, but lack legal tender status.
WBTC is an ERC-20 token on Ethereum, representing Bitcoin. It offers Bitcoin's value with Ethereum's smart contract functionality, enabling use in DeFi. Bitcoin remains on its own blockchain.
.001 Bitcoin is called a millibitcoin or mBTC. It represents one-thousandth of a Bitcoin and is a common unit for smaller transactions.
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