May 3, 2024

Binance Launches Ethereum Mining Pool

Cryptocurrency exchange Binance today announced the launch of its own mining pool for Ethereum mining.

Poolworks according to the FPPS scheme, that is, both rewards for adding blocks and fees paid by users for processing transactions will be distributed between its participants.

0.5%. From November 12 to December 12, there will be a grace period when no commissions will be charged. Binance claims to have installed nodes in various locations around the world to ensure uninterrupted access.

To connect to the pool, you must have nVIDIA or AMD graphics cards with at least 4GB of storage and 5GB of virtual memory for each GPU.

Binance officially launched a mining pool in Aprilfor mining bitcoin. According to BTC.com, it is now the sixth largest cryptocurrency on the network with 13,000 PH / s computing power.

Previously, it was noted that the OKEx mining pool lost almost all of its hashrate after stopping the withdrawal of funds from the exchange in October.

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