Binance launches Ethereum Mining Pool with 0.5% fees
Binance users can now sign up to mine Ether as well as Bitcoin via the exchange’s mining pool. After launching its Bitcoin (BTC) mining pool in April, crypto exchange Binance has now launched an in-house mining pool for the market’s largest altcoin by market cap, Ether (ETH).For the first month, between Nov. 12 and Dec. 12, Binance is trying to attract miners by offering a zero-fee regime. After that, those contributing their hashin power to the pool will be charged a competitive 0.5% commission on their earnings.Binance’s instructions for setting up a mining pool account note that....
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Bitcoin mining equipment manufacturer Bitmain has launched a new mining pool, it’s second after Antpool, as a part of its block explorer BTC.com’s offering. The new mining pool is open-source will not charge any fees until 2017. Bitmain has, through its Bitcoin block explorer BTC.com, launched a new mining pool that will be open-sourced to users. With the open-source protocol, the firm hopes to foster new technical standards for mining pools and remove restrictions that otherwise limit the efficiency of mining pools. Prior to launch, the new mining pool was put to its test to gain feedback....
Binance has introduced mining pools for ETHW users, offering zero fees for a limited time. ETHW is a forked version of Ethereum that retains the Proof-of-Work components of the blockchain before the merge. The popular crypto exchange made the announcement on Thursday, September 28, through a blog post on its website. Mining pools are created […]
Cryptocurrency exchange Binance has set out to support crypto miners through a lending program established by its mining pool. Presenting the initiative this week, the coin trading platform also unveiled that Binance Pool intends to launch cloud mining products.
Leading Exchange Binance Looking to Help Bitcoin Miners in Difficult Times for Crypto Business
Binance, the world’s leading crypto exchange by daily trading volume, has announced a plan to extend financial support to companies involved in the extraction of cryptocurrencies. The lending project was recently....
Directpool.net officially launched a Bitcoin Mining Pool. Its goal is to prevent any future 51% attacks on the bitcoin network by redistributing the total network's hashing power. Directpool comes in as the next generation mining pool to further redistribute total network hashrate while giving back to the Bitcoin community. New York, NY (PRWEB) March 18, 2014. The Bitcoin community raised concerns about a pool reaching the 51% network hashpower. That pool can potentially control double-spend transactions, affect confirmations and prevent miners from mining valid blocks. Satoshi himself was....
The loans will be provided to “blue-chip” Bitcoin miners who could back their bids with physical or digital assets. Binance Pool, a mining subsidiary of Binance, launched a $500 million lending project to support the crypto mining industry. It will provide loans to private blue-chip Bitcoin (BTC) crypto miners. According to the official blog post from Oct. 14, the Binance Pool will provide access to a $500 million loan fund on several conditions, which include an 18-to-24-month term, 5% to 10% interest rates, and some physical or digital assets as a security. The company will look at a....