The post Binance Pool launches fractal BTC mining starting Nov. 18 appeared on BitcoinEthereumNews.com.

Users can now participate in BTC mining on Binance Pool and earn rewards in the form of Fractal Bitcoin. Though, the exchange has no plans to list the FB token any time soon. In a recent announcement, Binance introduced a new feature on Binance Pool that supports merged mining for Fractal Bitcoin. Fractal Bitcoin is a layer 2 side-chain Bitcoin(BTC) scaling solution which uses the Bitcoin core code to “scale unlimited layers on top of the world’s most secure and most-held blockchain,” according to the official website. Binance Pool’s Fractal Bitcoin merged mining will come into effect starting Nov. 18. With this new feature, users on Binance can take part in BTC mining and receive Fractal Bitcoins in their external wallet address as a reward. Though, the exchange stated that the FB mining feature does not mean that Binance will add the token to its exchange listings any time soon, as it is still currently not listed on the exchange site. In order to mine Bitcoin, users would first need to make sure they have the right equipment to start mining their own BTC, which includes a mining machine, a power supply an internet capable and a payment address that can handle transactions at a minimum of 0.1 Fractal Bitcoin. All the user has to do is log in to their Binance account, verify their identity, and set up a Binance mining pool account. Afterwards, the user should enter the account name, select which mining machine to use, and connect it to the network. Once the account is set up, the user will have to add Fractal Bitcoin to the Binance Pool account’s external wallet. Then, they would have to check the hashrate through Binance Pool. Users will be able to monitor their mining performance and earnings through the Binance…

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Filed under: News - @ November 18, 2024 10:22 am