bitcoin
bitcoin

$92962.995158 USD

-0.99%

ethereum
ethereum

$3321.798836 USD

-1.90%

tether
tether

$0.997905 USD

-0.05%

xrp
xrp

$2.094587 USD

1.30%

bnb
bnb

$700.158244 USD

-0.66%

solana
solana

$188.041436 USD

-2.77%

dogecoin
dogecoin

$0.311886 USD

-1.82%

usd-coin
usd-coin

$0.999844 USD

-0.02%

cardano
cardano

$0.841606 USD

-1.94%

tron
tron

$0.252623 USD

-0.93%

avalanche
avalanche

$34.997312 USD

-3.40%

toncoin
toncoin

$5.399936 USD

-3.02%

chainlink
chainlink

$19.729429 USD

-4.54%

shiba-inu
shiba-inu

$0.000021 USD

-2.35%

sui
sui

$4.050767 USD

-4.92%

Cryptocurrency News Articles

Binance Pool Unveils Support for Merged Mining of Litecoin (LTC), Junkcoin (JKC), and Pepecoin (PEP)

Dec 24, 2024 at 04:00 pm

Binance Pool has unveiled support for merged mining, enabling users to mine Litecoin (LTC) while earning rewards in multiple cryptocurrencies, including Junkcoin (JKC) and Pepecoin (PEP).

Binance Pool Unveils Support for Merged Mining of Litecoin (LTC), Junkcoin (JKC), and Pepecoin (PEP)

Binance Pool has announced support for merged mining, allowing users to mine Litecoin (LTC) and earn rewards in multiple cryptocurrencies, including Junkcoin (JKC) and Pepecoin (PEP).

Participants can register for Binance Pool with a verified Binance account and begin mining Litecoin by following a detailed guide provided by Binance. This process involves setting up an external wallet address to receive rewards in supported cryptocurrencies. The platform offers tools for monitoring mining activities, including checking hash rates and earnings in real time.

Miners who meet Binance Pool’s VIP hashrate requirements can apply for VIP status by contacting the support team via email. This status provides access to exclusive benefits, enhancing the overall mining experience.

Binance Pool operates using a Pay-Per-Last-N-Shares (PPLNS) payout model for Junkcoin, Pepecoin, Bellscoin, and Luckycoin. Each token has a designated minimum payout threshold that miners must reach to withdraw earnings. For Junkcoin, the minimum payout is set at 5 JKC, while Pepecoin miners must accumulate at least 20,000 PEP. Bellscoin and Luckycoin have minimum payouts of 1 BELLS and 1 LKY, respectively.

Rewards from these tokens are independent of Litecoin earnings and are based solely on the output of the mining pool. Users must ensure their configured wallet addresses can support transactions for these tokens to avoid any potential losses or delays.

Opportunities and Considerations in Merged Mining

While the addition of JKC and PEP broadens Binance Pool’s offerings, there are several factors to consider. These tokens are not currently listed for trading on Binance.com, and their inclusion in the mining pool does not guarantee future listings. Additionally, users must accumulate earnings that meet the minimum payout thresholds before withdrawals can be made.

It is essential to configure a valid external wallet address for receiving rewards. If a wallet address is not set up correctly, users will not be able to accumulate or withdraw earnings, potentially resulting in missed opportunities.

The introduction of merged mining for Junkcoin and Pepecoin highlights Binance Pool’s commitment to innovation and user-centric solutions. Merged mining allows participants to optimize their computational efforts, making it an attractive option for those seeking to diversify their cryptocurrency portfolios.

Although the lack of trading options for these tokens on Binance.com might limit immediate liquidity, the initiative paves the way for further exploration of new cryptocurrencies within Binance’s ecosystem.

To ensure fair participation, Binance has outlined specific terms and conditions. Only users with verified Binance accounts are eligible to join the program. Additionally, valid third-party wallet addresses must be provided to receive rewards. Binance reserves the right to disqualify users who attempt to manipulate or interfere with the program’s operations.

Discrepancies between translations and the original English announcement will be resolved in favor of the English version to ensure accurate communication.

Binance Pool’s support for Junkcoin and Pepecoin merged mining presents an exciting opportunity for miners to optimize their efforts and earn diversified rewards. The initiative strengthens Binance Pool’s position as a leading mining platform while encouraging the adoption of emerging cryptocurrencies.

Users interested in participating should act promptly to configure their accounts and wallets. For further details and guidance, Binance provides a range of support materials on its official website.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Jan 01, 2025