|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 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.
-
- The Meme Coin Market Is Buzzing Like Never Before—Here Are the Top 5 New Meme Coins to Join Now
- Feb 01, 2025 at 06:40 am
- The meme coin market is evolving rapidly, and there's no shortage of exciting new projects that are gaining traction. From BTFD Coin's insane staking rewards to Pepe Coin's historic roots, each of these coins brings something unique to the table.
-
- 5 Hidden Gem Altcoins Set to Explode Before BTC-Rotated Liquidity Enters the Market
- Feb 01, 2025 at 06:30 am
- With a pro-crypto administration under President Trump, and talks of a national digital asset stockpile consisting of multiple cryptocurrencies, the signs are all there for the most electrifying bull run in history. And for investors willing to look beyond the big names, this moment entails the chance of discovering low-cap crypto gems that offer generational wealth; all before they explode into the mainstream that is.
-
- Chiefs and Eagles Will Square Off in a Rematch of Super Bowl LVII; The Coin Toss Will Start the Game the Same Way
- Feb 01, 2025 at 06:30 am
- No matter where the Big Game is played or who is in it, the game starts the same way — with the coin toss. And DraftKings Sportsbook has a couple of odds to consider if you want to wager on the result.
-
- Qtum: A Hybrid Blockchain Platform Poised to Revolutionize the Digital Currency Universe
- Feb 01, 2025 at 06:30 am
- In the ever-evolving landscape of digital currencies, Qtum stands out as a blockchain platform with the ambitious goal of bridging the gap between Ethereum’s smart contracts and Bitcoin’s stable blockchain ecosystem.