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Binance Launches Mining Pool Service With Initial Focus On Bitcoin

Ramsey Baker

Summary: Binance, one of the top cryptocurrency exchanges, officially launched its mining pool service. According to an announcement on Monday, the initial offering will focus on bitcoin using Full Pay-Per-Share, or FPPS. Utilizing this method, revenue from the block reward, currently 12.5 BTC, as well as some of the transaction fees are shared among pool participants. ...

Binance, one of the top cryptocurrency exchanges, officially launched its mining pool service.

According to an announcement on Monday, the initial offering will focus on bitcoin using Full Pay-Per-Share, or FPPS. Utilizing this method, revenue from the block reward, currently 12.5 BTC, as well as some of the transaction fees are shared among pool participants. Future offerings will concentrate on both proof-of-work and proof-of-stake based networks.

By Ramsey Baker

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