{"id":55377,"date":"2023-07-27T07:32:47","date_gmt":"2023-07-27T11:32:47","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=55377"},"modified":"2023-07-27T07:51:33","modified_gmt":"2023-07-27T11:51:33","slug":"binance-pool-launches-bitcoin-cash-bch-mining-service","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/binance-pool-launches-bitcoin-cash-bch-mining-service\/","title":{"rendered":"Binance Pool Launches Bitcoin Cash (BCH) Mining Service"},"content":{"rendered":"\n<p>Binance Pool has announced the launch of its <a href=\"https:\/\/coinscreed.com\/staging\/bch-loses-98-percent-of-its-value-compared-to-bitcoin.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Bitcoin Cash (BCH)<\/a> mining service using the FPPS settlement method.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"750\" height=\"412\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/07\/binancepool.jpg\" alt=\"Binance Pool launches Bitcoin Cash (BCH) mining service\" class=\"wp-image-55379\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/07\/binancepool.jpg 750w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/07\/binancepool-300x165.jpg 300w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/><\/figure>\n\n\n\n<p>Binance Pool, a platform that aims to improve miners' income, <a href=\"https:\/\/www.binance.com\/en\/support\/announcement\/binance-pool-launches-bitcoin-cash-bch-mining-service-f62aac445cb043bd9ea1674d93e52304\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">has introduced its Bitcoin Cash (BCH) mining<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a> service. <\/p>\n\n\n\n<p>The new offering allows users to mine BCH with the <a href=\"https:\/\/www.binance.com\/en\/support\/faq\/how-to-calculate-mining-earnings-on-binance-pool-360040955392\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">FPPS (Full Pay Per Share) <span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a>settlement method, which distributes both block rewards and transaction fees to miners.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-how-to-join-the-bch-mining-service\">How to join the BCH mining service<\/h3>\n\n\n\n<p>Users must have a verified account on <a href=\"https:\/\/www.binance.com\/en\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Binance,<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a> the world's leading cryptocurrency exchange, to join the BCH mining service. Users can then create a mining account and obtain the miner IP address on the <a href=\"https:\/\/pool.binance.com\/en\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Binance Pool website.<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a><\/p>\n\n\n\n<p>The pool URL for BCH mining is <strong><em>stratum+tcp:\/\/bch.poolbinance.com:3333<\/em><\/strong>. <\/p>\n\n\n\n<p>Users need to create a worker username in <em><strong>&lt; worker_username.miner_ID &gt;<\/strong><\/em> format and configure their miners accordingly.<\/p>\n\n\n\n<p>The mining rewards will be automatically credited to users' Funding Wallets by <strong>10:00 (UTC+8)<\/strong> on a daily basis. Users can also check their hash rate and earnings on the Binance Pool website.<\/p>\n\n\n\n<p>Some of the benefits of choosing Binance Pool are:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Secure and transparent:<\/strong> The hash rate is displayed in real-time, and the Binance security team safeguards the assets.<\/li>\n\n\n\n<li><strong>Steady earnings:<\/strong>&nbsp;The FPPS settlement method ensures that miners receive both block rewards and transaction fees, avoiding fluctuations in earnings.<\/li>\n\n\n\n<li><strong>Comprehensive service:<\/strong>&nbsp;Binance Pool provides a one-stop mining ecosystem that integrates mining, trading, staking, and lending services.<\/li>\n\n\n\n<li><strong>Low fees:<\/strong>&nbsp;Binance Pool charges a low fee of 0.5% for BCH mining and offers discounts for large-scale miners.<\/li>\n<\/ul>\n\n\n\n<p>Binance Pool also supports <a href=\"https:\/\/coinscreed.com\/staging\/amid-positive-etf-remarks-bitcoin-btc-tests-31k.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Bitcoin (BTC)<\/a>, <a href=\"https:\/\/www.bitcoinsv.com\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Bitcoin Satoshi Vision (BSV)<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a>, and <a href=\"https:\/\/coinscreed.com\/staging\/top-mining-pool-to-support-ethereum-classic-etc-after-the-merge.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Ethereum Classic (ETC)<\/a> mining and plans to add more coins in the future.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Binance's regulatory challenges<\/h3>\n\n\n\n<p>The launch of the BCH mining service comes as Binance faces regulatory pressure from various authorities around the world. <\/p>\n\n\n\n<p>The exchange has been accused of violating securities laws, manipulating trading volume, and facilitating money laundering.<\/p>\n\n\n\n<p>In March 2021, the <a href=\"https:\/\/coinscreed.com\/staging\/cftc-sue-binance-cz-over-alleged-regulatory-violations.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Commodity Futures Trading Commission (CFTC) sued Binance<\/a> and its CEO Changpeng &#8216;CZ' Zhao for allegedly offering illegal derivatives trading to US customers.<\/p>\n\n\n\n<p>In June 2021, the <a href=\"https:\/\/coinscreed.com\/staging\/sec-sues-binance-cz-for-securities-violations.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Securities and Exchange Commission (SEC) charged Binance<\/a> with securities law violations and alleged that it used a CZ-headed company called &#8216;Sigma Chain' to inflate its trading volume.<\/p>\n\n\n\n<p>These lawsuits have led to a significant loss in Binance's spot market share, which has dropped from <strong>64% to 50% <\/strong>in seven months, according to data from <a href=\"https:\/\/www.cryptocompare.com\/media\/40061772\/cryptocompare_exchange_review_2022_03_vf-2.pdf\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">CryptoCompare.<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binance Pool has announced the launch of its Bitcoin Cash (BCH) mining service using the FPPS settlement method. Binance Pool, a platform that aims to improve miners&#8217; income, has introduced its Bitcoin Cash (BCH) mining service. The new offering allows users to mine BCH with the FPPS (Full Pay Per Share) settlement method, which distributes [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":55379,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32,834],"tags":[2280,326,15478,370],"class_list":["post-55377","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-exchange-news","category-binance","tag-bch","tag-binance","tag-binance-pool","tag-mining"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/07\/binancepool.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/55377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=55377"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/55377\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/55379"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=55377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=55377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=55377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}