Review on Binance by Amos joseph
Binance mine pool.
Binance never cease to impress it's users with amazing features, this exchange company work tirelessly to see they put a smile on their users face.
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An interesting feature introduced recently to the exchange platform was Binance pool. which are use to mine Bitcoin.
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Mining is done using specialized computers, it is done to secure the network and to process every Bitcoin transaction. Solving algorithm which allows miners to chain together blocks of transactions, these are in simple term how mining activities work and generate rewards.
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As of time of writing this article currently binance are doing a promo package which is available for all registered users, "mine Bitcoin to win BNB"
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This is a great opportunity for crypto lovers who in one way or the other have fall victim and loose their money to fake miners to experience the awesomeness of mining Bitcoin with a well registered legalized company where with confidence they are confined their investment is in the right platform.
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Pros
- Lower users fee.
- More secure blockchain network.
- Opportunity for miners to earn more.
Cons
- Hashrate determines earnings, the amount of hash you have either in gigahashe or terahashe will the determines how fast you can earn
- Cost of maintenance is high, power supply is a major factor in mining.
- Mining difficulty which varies from time to time.
