Binance Pool is a cryptocurrency mining pool operated by Binance. The pool uses a proprietary algorithm that allows it to mine multiple cryptocurrencies simultaneously.
The pool was launched in 2020 and currently supports over 20 different cryptocurrencies.
The pool uses a PPS+ (Pay Per Share) pricing model and charges a 2% fee. The minimum payout is 0.
1 BTC. Payments are made automatically to the user’s wallet every day.
The pool has a minimum hashrate of 2 TH/s and a maximum hashrate of 10 TH/s. The pool also has a minimum deposit of 0.
NOTE: WARNING: Before investing in any cryptocurrency pool, it is important to do your own research and understand how it works. Binance Pool is a cryptocurrency mining platform, where miners can join a group of miners to earn rewards from transaction fees on the Binance exchange. It is important to be aware of the associated risks and that there may be hidden fees or other conditions that could affect your investment. Always consult a financial advisor before making any major investments.
To join the pool, users need to create an account on the Binance website and then deposit BTC into their account. Once the account is funded, users can then start mining by choosing a currency to mine and setting their hashrate.
The Binance Pool has a number of features that make it an attractive option for miners. Firstly, the pool offers a 2% fee, which is lower than many other pools.
Secondly, the pool has no minimum payout, meaning that users can receive small payments frequently. Finally, the pool supports multiple currencies, meaning that users can mine a variety of different coins simultaneously.
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