Binance launches “Smart Pool” service to achieve higher mining returns
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Answer Binance launches “Smart Pool” service to achieve higher mining returns
Binance previously announced a pool for cryptocurrency mining under the name “Binance Pool”, to announce yesterday another service in the same context of mining, and this service allows to achieve higher returns for miners, by automatically switching hash rates for mining different digital currencies With the same algorithm, thus achieving higher returns with the same equipment.
Binance launched its “Binance Pool” mining pool in April and since then the pool has attracted more than 6000 miners who provide a hash rate of over 6.52 EH/s.
clarified Binance says that “Smart Pool” is able to allow all Binance miners to increase their revenue from the mining process thanks to the new service that allows automatic switching for mining the most profitable cryptocurrencies and automatically converting the hash rate to mining different cryptocurrencies using the same algorithm.
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Currently, Smart Pool supports the SHA256 algorithm that allows miners to use their computer processors to mine Bitcoin, Bitcoin Cash, and Bitcoin SV.
Even if the miners mine different cryptocurrencies, the “Binance Pool” pool pays them for the final Bitcoin mining settlement.
Smart Pool Service Features:
Smart Pool features include instant BTC settlements and guaranteed minimum BTC, and the new service offers real-time hedging, ensuring that final revenue is never less than overall income from FPPS models.
If the final return reaches levels below the overall FPPS income, the Binance Pool pays the difference.
Existing Binance Pool users can easily switch to Smart Pool with a single click by using the toggle switch available on the Binance Pool interface without changing the mining layer URL or changing the user ID.
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