Rebeca Moen
Sep 30, 2024 03:47
Binance Pool now supports merged mining for Litecoin (LTC), offering rewards in LTC, Dogecoin (DOGE), and Bellscoin (BEL).
Binance Pool has announced the launch of merged mining for Bellscoin (BEL), allowing miners to mine Litecoin (LTC) and earn rewards in LTC, Dogecoin (DOGE), and Bellscoin (BEL), according to Binance.com.
How to Get Started
To participate in this merged mining initiative, users need to follow these steps:
- Log in to a verified Binance account and register for a Binance Pool account.
- Start mining LTC from September 29, 2024, following the step-by-step guide available on Binance’s FAQ page.
- Add an external wallet address to the Binance Pool account.
- Monitor the current hashrate via the ‘Workers’ section.
- Check earnings through the ‘Earnings’ section, with detailed instructions available in the FAQ.
Important Notes
- Bellscoin (BEL) is not currently listed or tradable on Binance.com, and its mining does not guarantee a future listing.
- Bellscoin (BEL) uses a Pay Per Last N Shares (PPLNS) payout model with a minimum payout threshold of 1 BEL.
- Earnings from Bellscoin (BEL) are independent of LTC and DOGE earnings.
- Users must configure a Bellscoin (BEL) address to receive mining rewards; otherwise, no earnings will be accumulated.
- Ensure the payout address can handle transactions of at least 1 BEL to avoid any losses.
Terms and Conditions
- Users must have a verified Binance account to be eligible for rewards.
- A valid third-party address must be provided in the Binance Pool account to receive Bellscoin (BEL) rewards.
- Binance reserves the right to disqualify participants who tamper with Binance program code or interfere with its operation.
- In case of discrepancies between translated versions and the original English version, the original version prevails.
Binance Pool’s new merged mining initiative marks a significant step in offering diversified mining rewards, supporting the growth and adoption of multiple cryptocurrencies through a single mining process.
Image source: Shutterstock
