Setting up BTC mining on the Binance pool: guide

Key benefits and user feedback

Binance Pool, being an integral part of the company, provides miners with a unique chance to join the global distributed network, which is equal in power to the total user base of the crypto exchange. By creating an account on the pool, each miner automatically becomes a Binance client can participate in promotions and use exchange services such as:

• Trading. More than 200 cryptocurrencies are available to users for spot trading, as well as services Binance Margin for leverage trading and Binance Futures for working with derivatives.
• Staking. Store PoS cryptocurrencies on your Binance account to automatically receive developer rewards. The Binance exchange provides an opportunity to take part in the maintenance of the Ethereum 2.0 network and for this you do not need to invest 32 ETH at once, you can start with a small amount. At the same time, the client receives BETH tokens on his deposit in an amount equal to the invested Ether. They can be withdrawn or used for trading. The exchange periodically pays out staking rewards for Efirium. The amount of payments depends on the amount of BETH on your deposit.
• Saving. Go to the page https://www.binance.com/en/lending, and select one of the available cryptocurrencies to deposit at interest
• Loans. In the Binance Loans tab, the exchange client can borrow USDT or BUSD for trading.

The emergence of the Binance Pool contributes to an increase in the decentralization of the Bitcoin network, expands the possibilities of miners and increases the volume of mining in the global blockchain industry.

The pool is gaining power and the number of miners is growing. According to statistics https://btc.comBinance Pool ranks third in the hashrate rankings.

You can read reviews about the work of the service on social networks and on thematic forums. Ethereum has already been added, we are waiting for the expansion of the list of altcoins. By creating an account on the Binance Pool, you get access to a server for collective mining of digital coins, a crypto wallet and an exchange at the same time. It is convenient and safe. Join and happy mining!