Key Takeaway:
- Binance Pool’s addition of Bitcoin Cash (BCH) mining service is a significant step in the cryptocurrency mining landscape.
- It opens up new opportunities for miners to participate in the BCH network efficiently and earn rewards fairly.
- The positive market response with a 5% surge in BCH’s price following the announcement.
Binance Pool, one of the leading cryptocurrency mining platforms, has exciting news for its users. They have expanded their mining services by introducing Bitcoin Cash (BCH) mining. With this new offering, Binance Pool is making BCH mining accessible to its growing community of miners.
Key Features of the BCH Mining Service:
- FPPS Settlement Method: Binance Pool utilizes the FPPS (Full Pay Per Share) settlement method for BCH mining. This ensures that miners receive fair and efficient rewards based on their contributions to the network.
- Automatic Daily Rewards: User convenience is a top priority. Binance Pool’s BCH mining service offers automatic daily rewards. Mining rewards are directly credited to users’ Funding Wallets each day by 10:00 (UTC). No more manual claiming of rewards, making the process hassle-free.
Technical Details of the BCH Mining Service
The mining process for Bitcoin Cash on Binance Pool uses the FPPS settlement method. This method calculates rewards based on the number of valid shares a miner contributes to the mining pool. It ensures that miners are fairly rewarded for their efforts. All this is encouraging active participation and contributing to the efficiency of the mining process. After Redwater and Lavrium Team initiative, its a welcoming step.
User-Friendly Experience with Automatic Daily Rewards
With the introduction of automatic daily rewards, Binance Pool is simplifying the mining experience for its users. Miners no longer need to worry about claiming their rewards manually; everything is taken care of seamlessly. By receiving their rewards directly to their Funding Wallets each day, users can focus on maximizing their mining potential without any extra hassle. After successful launch of Arkham (ARKM ), Binance is really moving forward.
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