Setting up BTC mining on the Binance pool: guide

Payment of remuneration and commission

Calculation period: 08:00 (UTC + 8) – 08:00 (UTC + 8) of the next day. Once the profit calculation is complete, the money will be transferred to your Binance Mining Pool account.

Pool commission is 2,5% from earnings. During the first month after the launch of the Binance Pool, miners mined bitcoin without paying for the service. If the power of your equipment is calculated in Ph / s, you can apply to participate in the Binance Pool Zero Commission Fee at https://docs.google.com/forms/. To find out more about the VIP program, write to poolvip@binance.com.

In this regard, Binance Pool Ethash compares favorably with other crypto mining services of high Ether, on which the minimum threshold for withdrawing the earned funds is set at 0.05 ETH and above. A farm of five GTX 1660S or Rx 580 (8GB) will collect the minimum 0.05 coins ether for about 6 days. Working on eisermine or another pool, you will receive money once a week, and on ethash.poolbinance.com the funds earned during the day will be available for withdrawal or trading the next morning. There is no such service anywhere else.

Withdraw funds

To withdraw funds to a personal wallet or sell on an exchange, you must first transfer them to Spot Wallet… Then you can enter the auction, withdraw funds or deposit at interest.

If you have a verified account on the exchange, you can immediately profitably sell tokens for fiat; very good counter offers can be found on the P2P platform of the Binance exchange.

Transfers from one account to another are not subject to commission, but you will need to pay 0.0004 BTC for withdrawal to a third-party service. The minimum withdrawal amount from a spot wallet is 0.001 BTC.