• Register
  • Login
  • Register Login My Profile Cart
    Log out
    • Home
    • Our Product
      • Exchange Crypto
      • Investment System
      • ICO Platform
      • ICO & STO Services
    • Payment
    • Market
    • News
    • About Us

    Welcome to VakaFX

    News

    • Home
    • Blog
    • Blog Detail

    Binance Adds New Feature To Maximize Profit to Its Mining Pool

    Binance has added a new system recently for helping miners automatically mine the most profitable coins. After launching of its own cryptocurrency mining pool, Binance is implementing to add specialized features to help miners make more profits.

    Earlier this month, Binance Pool launched a new feature that is called “Smart Pool.” This feature lets miners automatically switch hash rates to mine the most profitable of three supported coins based on the SHA- 256 algorithm — either Bitcoin (BTC), Bitcoin Cash (BCH) or Bitcoin SV (BSV).

    Lisa He, head of Binance Pool, explained that Smart Pool detects the difficulty in different chains using the same algorithm, and it “helps users transfer their computing power to chains with less difficulty and higher rewards.”

    Binance pays out the final settlement to miners in BTC regardless of which crypto they actually mine. Lisa suggested that this new feature can raise earnings for those who use it by 1% on average.

    In line with the promise to secure maximum returns for miners, the Smart Pool uses real-time hedging to ensure that revenues generated by the service will not be lower than those generated via its standard option, called FPPS (Full Pay Per Share).

    In cases where the revenue is lower than what would have been earned via FPPS, the exchange has pledged to pay back the difference to users.

    Smart Pool service can be activated with a single click within the mining pool’s regular interface. Miners don’t have to change user ID or their mining stratum URL.

    Mining pool competition

    Although there were concerns about potential centralization effects following the launch of Binance’s pool, it does not appear to currently be commanding a significant share of the Bitcoin network.

    Last week, Binance Pool was, however briefly, producing more BSV blocks than any other pool in the market — despite the fact that the coin itself has been delisted from the exchange itself.

    As of press time, Huobi is now the single-largest mining pool on the BSV network, commanding a 21.53% share as against Binance’s 11.11%.

    Follow our official channels for up-to-date information:

    - Website: https://vakafx.com

    - Email: [email protected]

    - Telegram: @vakaxasupport

                                                                                                                                                                                                                                         Source recording: Cointelegraph

    Learn more: HitBTC Exchange Partners Up with Trading View

    23 Jun
    • tags:
    Author About
    Admin
    Harry cockup bum bag arse over tit, loo at public school a cracking goal lemon squeezy.!
    Categories
    • News (125)
    Latest News
    Aug 28, 2020

    What is Tellor (TRB) token? All information about TRB price & market cap

    Aug 27, 2020

    Top 5 Defi projects in 2020 that you should invest in

    Aug 27, 2020

    IMF and World Bank collaborate to launch IMF cryptocurrency "Learning Coin"

    © 2020 All Rights Reserved. Developed by Vakaxa Corp.
    Mail: [email protected]
    Phone: +84963.324.888

    Company

    • Homepage
    • Our Product
    • Payment
    • About Us

    Our Product

    • Exchange Cryptocurrencies
    • Investment System
    • ICO Platform
    • ICO & STO Services
    • Payment System
    Successfully

    Congratulation

    Error

    Notification