Binance Introduces its Own Ethereum Mining Pool
Main page News, Mining, Ethereum, Cryptocurrency Exchanges

Popular crypto exchange Binance has just announced the launch of its own Ethereum mining pool.

It must be noted the announcement comes just 7 months after Binance launched its own Bitcoin mining pool.

From now on, the users of the exchange can mine both Bitcoin and Ethereum. The platform will charge a 0.5% fee for ETH mining, 50% less than the 1% charged by its main competitors (Ethermine and SparkPool).

However, the users of the service will not have to pay any kind of fee during the first month, that is, until December 12, which means they will be able to mine the crypto without sharing the commission with the exchange.

It remains to be seen whether this new pool will be as successful as the Bitcoin one, especially if we take into account the crypto plans to change its consensus algorithm from proof-of-work to proof-of-stake in the near future.

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