Binance today announced the launch of a Litecoin mining pool.
The pool uses the PPS model, that is, it provides miners with a fixed payment for each share. In addition, the Binance pool will allow Dogecoin to be mined using the merged mining method. Rewards in DOGE will be paid using the PPLNS system, that is, without a fixed rate. “There is no minimum payout limit for Litecoin or Dogecoin. All mining proceeds will be credited directly to your mining wallet on Binance, ”the exchange writes.
Also, during the month, miners will be able to use the services of the pool without paying commissions.
Binance opened its own Bitcoin mining pool in April 2020. Subsequently, the exchange also added the ability to mine Ethereum. According to BTC.com, the Binance Pool is by far the sixth largest in the world in terms of computing power on the Bitcoin network.