Binance Pool has launched a Bitcoin Cash (BCH) mining service. This service opens up new opportunities for miners. It already supports Bitcoin (BTC), Bitcoin Satoshi Vision (BSV), and Ethereum Classic (ETC) mining. The service uses the Full Pay Per Share (FPPS) settlement method....
Binance Pool has launched a Bitcoin Cash (BCH) mining service. This service opens up new opportunities for miners. It already supports Bitcoin (BTC), Bitcoin Satoshi Vision (BSV), and Ethereum Classic (ETC) mining.
The service uses the Full Pay Per Share (FPPS) settlement method. As a result, miners will get earnings directly into their Binance Mining Pool wallet. Notably, this happens at 08:00 (UTC+8) on the same day.
Mining on Binance Pool does incur fees. They range from 0.5% to 2.5%. However, the potential earnings from BCH mining could outweigh these costs.
For those interested, Binance provides setup instructions on their website. This guide helps miners configure their rigs and connect to the Binance Pool. Therefore, even less experienced miners can get started with ease.
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