Binance Pool Adds Junkcoin and Pepecoin Mining
Release: 2024/12/24 18:01 Reading: 348
Binance Pool Launches Merged Mining for Junkcoin and Pepecoin
Binance Pool now supports merged mining, empowering users to mine Litecoin (LTC) while simultaneously earning rewards in several other cryptocurrencies. This includes Junkcoin (JKC), Pepecoin (PEP), Dogecoin (DOGE), Bellscoin (BELLS), and Luckycoin (LKY).
Benefits of Merged Mining
Merged mining optimizes miners' efforts by utilizing the same computational resources to secure multiple blockchains concurrently. This enhances earning potential for miners.
Registration and Participation
To participate in merged mining, users require a verified Binance account. Once registered, a detailed guide is provided to assist with the mining process. This involves setting up an external wallet address to receive rewards.
VIP Benefits
Miners meeting specific hashrate requirements can apply for VIP status, granting access to exclusive benefits.
Payout Model
Binance Pool employs a Pay-Per-Last-N-Shares (PPLNS) payout model for JKC, PEP, BELLS, and LKY. Each token has a minimum payout threshold that miners must reach to withdraw earnings.
Considerations
While the inclusion of JKC and PEP broadens Binance Pool's offerings, users should be aware that these tokens are not currently available for trading on Binance.com. Minimum payout thresholds must also be met before withdrawals are possible.
Terms and Conditions
To ensure fair participation, Binance has defined terms and conditions for the program. Verified accounts and valid third-party wallet addresses are required. Manipulative or interfering behavior will result in disqualification.
Conclusion
Binance Pool's support for Junkcoin and Pepecoin merged mining presents a compelling opportunity for miners to maximize their efforts and diversify rewards. The initiative consolidates Binance Pool's status as a leading mining platform and promotes the adoption of emerging cryptocurrencies.
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