Binance Pool Launches Merged Mining for Fractal Bitcoin (FB) Rewards

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As an analyst with over a decade of experience in the cryptocurrency market, I find the recent development by Binance Pool to be an intriguing move towards expansion and innovation. Merged mining for Fractal Bitcoin is a bold step that not only opens up new opportunities for miners but also demonstrates Binance’s commitment to staying at the forefront of technological advancements in the blockchain industry.

Starting from November 18, 2024, Binance Pool users can now enjoy an enhanced mining experience as merged mining has been implemented. This allows miners to not only mine Bitcoin (BTC), but also earn rewards in Fractal Bitcoin (FB). Fractal Bitcoin is a scaling solution for Bitcoin that operates on a layer 2 side-chain, leveraging the robust Bitcoin core code to create multiple layers atop the blockchain, ensuring maximum security and widespread adoption.

How Binance Pool Merged Mining Rewards Work

Miners have the opportunity to mine both Bitcoin (BTC) and Fractal Bitcoin (FB) at once thanks to a new combined mining feature. But, keep in mind that you’ll need to set up an external wallet for your FB earnings, as FB isn’t currently listed on Binance for trading yet.

Confirmed Binance account holders are able to access their Binance Pool platforms for the purpose of simultaneously mining Fractal Bitcoin (FB) along with Bitcoin (BTC). To take part, users must first have a verified Binance account. After registration, they can establish a Binance Bitcoin Mining Pool account, customize their mining configuration accordingly.

The procedure entails using a detailed instruction manual to incorporate an outbound Fractal Bitcoin wallet, enabling the collection of mining profits. Miners can track their productivity in the “Workers” area, and their earnings can be reviewed under “Earnings,” offering a hassle-free method for monitoring performance. Yet, users need to reach a minimum withdrawal limit of 0.1 FB before receiving rewards, and their payout address should be capable of handling transactions of such amount.

Earnings will follow a Pay-Per-Last-N-Shares (PPLNS) payout model with a minimum threshold of 0.1 FB for withdrawals. Miners are advised to ensure their wallet can handle transactions above this limit to avoid losses.

Miners who possess a daily computational power that aligns with the VIP tier requirements set by Binance Pool (ranging from 20 Petahash per second up to 4,000 Petahash per second and beyond) can also seek VIP status, offering additional perks.

What Binance Pool Merged Mining Means for Users

Binance explained that even though miners can earn FB tokens, this doesn’t mean that the token will be listed on the exchange soon. The primary goal is still providing mining rewards and growing the Binance Pool network.

Binance underscores the significance of adhering to rules, cautioning users about altering the program’s code or employing unapproved software. In case of such violations, they have the authority to exclude offending users from their platform.

Transitioning to New DeFi Opportunities: Enter Rexas Finance

In the ongoing evolution of Binance’s mining landscape, platforms like Rexas Finance (RXS) are arising as additional investments for those seeking to broaden their cryptocurrency tactics. As traditional finance gradually integrates with blockchain technology, Rexas Finance becomes a significant player, providing sophisticated financial services such as yield farming and staking, specifically tailored to the expanding altcoin market.

Currently selling at around $0.08 during its sixth presale phase, experts anticipate that the RWA token, backed by its strong features, might reach $17 by 2025. This makes it an astute decision for investors who are bullish on the future of altcoins.

As a crypto investor, I’m excited about the Rexas Finance ecosystem that makes it possible for ordinary people like me to tokenize real-world assets (RWA). With an easy-to-use platform designed for both individuals and businesses, I can create, manage, and trade asset-backed tokens. This means that asset ownership is becoming more accessible, transforming the way we interact economically. The Rexas Finance platform ensures a seamless user experience, robust security, and compliance with regulatory standards, whether I’m tokenizing a property or optimizing my asset management.

As an analyst, I can attest that Rexas Finance is consistently at the forefront of innovation within the rapidly evolving DeFi sector. Through our innovative approaches to profit maximization, wide-ranging trading activities across various blockchains, and investment in decentralized real estate, we are presenting unique and unparalleled opportunities. For those investors keen on early-stage cryptocurrencies and navigating a dynamic market, Rexas Finance offers a strategic avenue to explore this exciting landscape.

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2024-11-18 16:34