Binance Launches Merged Mining for Fractal Bitcoin, Offering New Earning Opportunities

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As a seasoned analyst with years of experience in the crypto realm, I find this latest move by Binance to be quite intriguing and potentially beneficial for its users. Having seen numerous exchanges come and go, I appreciate the innovative approach Binance takes to keep its platform engaging and profitable for its community.

On Binance Pool, a fresh addition is the merged mining option for Fractal Bitcoin. This enables users to simultaneously mine BTC $90,781, while also receiving returns in Fractal Bitcoin (FB). This innovative system enhances the earning potential for Binance users.

Beginning on November 18th, users with confirmed Binance accounts are now able to utilize this service by registering for a Binance Pool account. Following registration, participants may connect an external Fractal Bitcoin wallet to their Binance Pool account to collect FB rewards. The team has also prepared comprehensive guides to facilitate the setup process, addressing topics such as Bitcoin mining and adjusting wallet addresses.

Although Fractal Bitcoin is not tradable on Binance.com, the platform emphasizes that the new mining feature does not guarantee a future listing.  Binance further explained that Fractal Bitcoin operates on the PPLNS (Pay Per Last N Shares) payout model with a minimum payout of 0.1 FB, meaning miners are rewarded based on the number of shares they have contributed. Binance stated:

At this moment, Fractal Bitcoin (FB) is not available for trading on Binance.com. Having Fractal Bitcoin (FB) mining service on Binance Pool doesn’t automatically mean that the token will be listed on Binance.com. Moreover, Fractal Bitcoin (FB) employs a PPLNS payment system with a minimum payout of 0.1 Fractal Bitcoins (FB).

The exchange emphasized that users must set up a valid FB address to receive their earnings, as rewards cannot be credited without a properly configured payout address. Additionally, Binance cautioned that if a user’s Fractal Bitcoin balance falls below the minimum threshold of 0.1 FB, the earnings will remain in their account until the threshold is met.

Terms and Conditions for Participants and VIP Opportunities

Beyond this, users on Binance Pool are required to follow certain guidelines, one of which is providing an external address in their account for Fractal Bitcoin rewards collection. It’s important to note that Binance reserves the right to disqualify anyone manipulating its program code or using external software to disrupt the functioning of its system, as stated by the team.

“It’s necessary for users to input a legitimate third-party address in their Binance Pool account to become eligible for Fractal Bitcoin (FB) incentives. Binance retains the authority to exclude any individuals who manipulate the Binance system, or attempt to disrupt its functioning by using other software alongside it.

On Binance, top-tier miners receive VIP treatment, providing access to unique perks. To qualify, you need to reach specific hashrate levels. If you’re keen, simply send an application email to the Binance Pool’s customer service team.

This new rewards mechanism represents a positive progression for miners seeking to maximize their investments. It merges the reliability of Bitcoin with the potential for profit from speculation in Fractal Bitcoin.

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2024-11-18 18:39