Binance Pool allows connecting to pools with different characteristics and algorithms. In addition to BTC, users can mine cryptocurrencies such as BCH, ETH, and LTC. The remuneration coefficient for pooled mining can vary: it depends on the price of the market index. Exact numbers can be found in notifications from Binance Pool.
Binance Pool has 3 servers that insure each other. If one server stops working, users are automatically switched to the second or third one.
After registration on this platform users can choose any of the available options to earn money. Now it is one of the most reliable and affordable ways of mining. A variety of equipment can be used to mine coins using the pool. Binance recommends choosing equipment with a higher hash rate and lower power consumption.
You will have to pay a commission of 2.5% of the profit for the opportunity to use the pool from Binance. There are special offers with reduced rates. Profits are calculated at night and are accrued daily until 7 am. The minimum payment in the system is 0.00000001 BTC.
Binance Pool has tangible advantages that are worth considering when comparing the platform to other pools:
- Support from mining experts. Binance attracts only experienced professionals in the field of crypto technology, which ensure maximum reliability and profitability of the service. By the way, genesis mining returns. You can see on the official block genesis that they return.
- Some of the lowest fees on the market. Mining at Binance is more profitable than most pools.
- Comprehensive services. The possibility to mine digital currencies on the Binance pool is combined with access to different financial instruments of the exchange - crediting, spot, futures trading, and others.
- Decentralization of the system. Mining in Binance Pool has no central management. Therefore, users can count on quality protection from hacker attacks.
- Support for two consensus algorithms. It is possible to mine on the Binance platform using both PoW and PoS.
Binance Pool is constantly undergoing improvements and updates. That is, the service is becoming more convenient and safer.
For users who prefer PoS-mining, the Binance Staking service is available. There are 78 tokens available here for staking with high yields. Coins can be placed without additional wallets, a standard exchange account is enough. The amount of earnings on staking depends on the specific asset, some of them bring up to 100% p.a. or more.
Binance is a popular ecosystem that has an impeccable reputation in the cryptocurrency segment. Therefore, customers looking for a mining experience should try Binance Pool or Binance Staking. It is more profitable than single "home mining" and much more reliable than various dubious projects.
