The post WhitePool by WhiteBIT Hits Top 15 Mining Pools at Launch appeared on BitcoinEthereumNews.com.

Vilnius, Lithuania, August 8th, 2024, Chainwire WhiteBIT, one of Europe’s largest crypto exchanges, has announced the launch of a new product—the WhitePool mining pool. This innovative platform marks a significant step in the development of WhiteBIT ecosystem and opens up extensive opportunities for professional miners. The global cryptocurrency mining market is set for growth, with its market size expected to reach approximately $2.45 billion in 2024 and a projected compound annual growth rate (CAGR) of 12.90% through 2032. As the cryptocurrency sector continues to evolve, Bitcoin miners are seeing daily returns currently at $30.72 million—a 6.27% increase compared to the previous year. This growth underscores the potential and expanding opportunities within the cryptocurrency mining industry. To cater to professional miners seeking an efficient and streamlined cryptocurrency mining solution, WhiteBIT crypto exchange has introduced its own mining pool, WhitePool. Featuring a user-friendly interface and support for the SHA256 algorithm, it ensures optimal resource allocation and potential returns for miners. Participation requires users to register on WhiteBIT exchange and connect their mining equipment. “WhitePool prioritizes miners’ interests by offering top-tier service for efficient collective mining. Our objective was to establish a mining pool that not only meets current demands but also sets a new benchmark for the industry, expanding opportunities for the mining community and evolving alongside them,” said Volodymyr Nosov, CEO of WhiteBIT. Following its successful launch, WhitePool is currently featured in the top 15 mining pools ranking due to its high hashrate and benefits for users. Functional and Clear Interface An essential feature of WhitePool is its user-friendly interface and comprehensive functionality for monitoring equipment and tracking rewards. Users can easily monitor equipment status and set notifications for changes in worker states. Accrual of Rewards Without Additional Fee Typically, users must reach a minimum BTC amount, manually initiate fund transfers,…

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Filed under: News - @ August 14, 2024 5:29 am