Review on Binance Mining Pool by Sheila Cova
Binance Mining Pool
It is a platform recently launched by the giant Binance, which provides exclusive mining services, the main objective of being completely comprehensive for miners. Using the FPPS model and instant settlements, to guarantee returns on profits, it has a fixed rate of 2.5%.
Pros
- Binance Pool supports proof of work (PoW) like Proof of Stake (PoS).
- Low rates that are an attraction to earn miners.
- It provides a safe and comfortable platform with great benefits for the miner.
- This platform has attracted 4.5% of the network hash since its launch, focusing its operations on the Chinese market, which is the one that includes 65 and 70% of the global hash, this is a very good commercial strategy.
Cons
- Concern in users about the possible centralization of the hash.
- Mining focused exclusively on Bitcoin.
