- Binance Mining Pool invites Bitcoin miners to join its cloud mining project.
- Enough electricity is required in order to mine BTC.
- Minimum amount of electricity required to carry out BTC harshrate is 500 PH/s.
In a recent report by CrypoNewsLand on its Twitter account, it said that Binance, the leading cryptocurrency exchange in the world, is inviting Bitcoin (BTC) miners to join its cloud mining project. The reports also say that to mine Bitcoin in their pool, there needs to be enough and reliable electricity power to support the mining.
In addition, the minimum amount of electricity required inorder to carry out the BTC harshrate is more than 500 PH/s. Bitcoin harsh rate is the amount of a measure of the computational power on a blockchain network. BTC daily online mining rate is more than 95% on average, and each miner holds a predetermined amount of BTC as collateral.
For one to become a Binance Pool Cloud Mining Partner, one has to meet certain requirements. Some of these requirements include having a stable and reliable source of power, which will help with mining BTC, as well as a full monitoring system for mining and a professional team to run the mining operation.
Binance’s report also said that a successful applicant who wants to join the program will have an added benefit because they will be able to use Binance services, such as Binance Pool VIP benefits, which will be based on their average daily hashrate.
After the Binance community announced that it would be launching a new batch of Cloud Mining products for Bitcoin mining, this has come to pass. Users are now able to finish their subscriptions to Cloud Mining products in order to purchase hashrates and can immediately begin accumulating mining rewards in their Funding Wallets.
Crypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
Kelvin enjoys writing about cryptocurrency and blockchain. He started blogging in 2019 and switched to cryptocurrency in 2020. Kelvin is interested in technology, football, chess, and Defi. He wants decentralization to benefit everyone on the planet.
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- Source: https://cryptonewsland.com/binance-pool-launches-cloud-mining-partner-program/
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