Binance Opens Ethereum Mining Pool Binance today announced the launch of its own Ethereum mining pool.

Binance Exchange Opens Ethereum Mining Pool

Binance cryptocurrency exchange today announced the launch of its own mining pool for mining Ethereum.

The pool works according to the FPPS scheme, that is, both rewards for adding blocks and fees paid by users for processing transactions will be distributed between its members.

The commission for using the services of the pool will be 0.5%. From November 12 to December 12, there will be a grace period when no commissions will be charged. Binance claims to have installed nodes in various locations around the world to ensure uninterrupted access.

To connect to the pool, you must have NVIDIA or AMD graphics cards with at least 4 GB of memory and 5 GB of virtual memory for each GPU.

In April, Binance officially launched a Bitcoin mining pool. According to BTC.com, it is now the sixth largest cryptocurrency in the network with 13,000 PH / s computing power..

Earlier it was noted that OKEx mining pool lost almost all hashrate after stopping withdrawals from the exchange in October.

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