PPLNS Model Archives - Coin Engineer https://coinengineer.net/blog/tag/pplns-model/ Btc, Coins, Pre-Sale, DeFi, NFT Mon, 18 Nov 2024 09:00:45 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png PPLNS Model Archives - Coin Engineer https://coinengineer.net/blog/tag/pplns-model/ 32 32 A New Era of Mining with Binance Pool! https://coinengineer.net/blog/a-new-era-of-mining-with-binance-pool/ https://coinengineer.net/blog/a-new-era-of-mining-with-binance-pool/#respond Mon, 18 Nov 2024 12:00:08 +0000 https://coinengineer.net/blog/?p=32443 Binance Pool has launched a new merged mining service, allowing users to mine Bitcoin (BTC) and earn rewards in Fractal Bitcoin (FB). This step introduces a new way for miners to diversify their earnings while continuing to mine Bitcoin, offering a fresh opportunity to benefit from both BTC and FB simultaneously. Getting Started: To start

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]]> Binance Pool has launched a new merged mining service, allowing users to mine Bitcoin (BTC) and earn rewards in Fractal Bitcoin (FB). This step introduces a new way for miners to diversify their earnings while continuing to mine Bitcoin, offering a fresh opportunity to benefit from both BTC and FB simultaneously.

Getting Started: To start mining, users must first log in to their verified Binance account and register for a Binance Pool account. After registration, miners can begin mining Bitcoin from November 18, 2024. Users need to add an external wallet address for Fractal Bitcoin (FB) to their Binance Pool account and can track their current hashrate and earnings via the Pool dashboard.

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The mining process uses the PPLNS payout model, with a minimum payout threshold of 0.1 FB. However, users need to ensure that they have properly configured an FB wallet address, as no rewards will be accrued without it.

Key Notes:

  • Fractal Bitcoin (FB) is not yet available for trading on Binance.com, and the introduction of FB mining does not guarantee a listing.
  • If users’ FB earnings fall below the minimum payout of 0.1 FB, the earnings will remain in their balance.
  • For users with a sufficient hashrate, the opportunity to apply for VIP status is available via email.

This new feature is part of Binance’s ongoing efforts to innovate in the cryptocurrency mining space, providing users with more opportunities to earn while also adding a new dimension to traditional Bitcoin mining.

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