In a recent announcement, Binance Mining Pool has revealed the introduction of its new Bitcoin Cash (BCH) mining service. The service adopts the FPPS (Full Pay Per Share) settlement method, ensuring users receive fair and timely rewards for their mining efforts.
According to the official statement, Binance Pool is delighted to offer this BCH mining service, aiming to cater to the growing interest in cryptocurrency mining. With the FPPS settlement approach, miners can expect a reliable and consistent payout system.
Mining rewards will be automatically deposited into users’ Funding Wallets each day at 10:00 (UTC). This streamlined process simplifies the payout procedure, ensuring that users can conveniently access their earnings promptly.
For those interested in joining the BCH mining service, Binance Pool has provided the following details:
- Mining URL: stratum+tcp://bch.poolbinance.com:8888
- Supported Ports: 8888, 3333, 1800, 443
Users should note that specific terms and conditions apply for participation in the Bitcoin Cash (BCH) mining service. To be eligible, users must have their Binance accounts verified. This necessary verification process ensures compliance with regulations and security measures, safeguarding both users and the platform, as per the announcement.
However, in the ever-changing world of cryptocurrency mining, Binance Pool’s BCH mining service presents a promising opportunity for verified individuals to actively participate in the Bitcoin Cash network. By doing so, they contribute to both its security and functionality.
Binance Launches Exciting ETH Staking Promotion
Meanwhile, in another exciting announcement, Binance unveiled a new promotion for all ETH Staking users. During the Promotion Period from July 27, 2023, to August 17, 2023 (UTC), eligible users participating in ETH Staking can earn up to $200 in BETH token vouchers along with daily ETH Staking rewards. To qualify, users must stake a minimum of 5 ETH via ETH Staking, and their net ETH Staking subscription amounts will be ranked. The top 10 participants will be rewarded as follows:
- 1st Place: $200 in BETH
- 2nd Place: $150 in BETH
- 3rd Place: $100 in BETH
- 4th – 10th Places: $80 in BETH
Per the official announcement, users need to complete identity verification, confirm their participation, and join ETH Staking during the Promotion Period to participate. Sub-accounts will not be considered separate entities for this promotion. BETH rewards will be distributed in token vouchers based on CoinMarketCap’s closing price on August 18, 2023 (UTC).
Related Reading | Aptos (APT) and Aave Slump, Tradecurve Sets Toward New Market Record