On the 12th of November, Binance Pool announced that the exchange has launched its Ethereum mining pool. The official announcement said that the mining pool was unveiled at 12:00 am. In addition, the exchange said users would enjoy zero pool fees from the day of launch till midnight on the 12th of December. This equals a 0% pool rate fee for a month.
The announcement further revealed:
“Our Binance Ethereum mining pool utilizes the FPPS mining method and charges only a 0.5% pool fee for Ethereum mining. Binance Pool has deployed mining nodes worldwide to support participation from the global mining community.”
Shortly after the announcement, Binance published Binance Ethereum Mining Tutorial, inviting miners to come onboard.
The tutorial revealed that the GPU (NVIDIA or AMD, graphics card memory no less than 4G) mining equipment will be used. Also, Windows and Linux would be the operating systems. In addition, the mining pool has 5G virtual memory installed for each GPU. The tutorial also noted HiveOS, MinersOs, Easy Miner, ASC, NCard, as some of the software to be used during the mining process.
Furthermore, Binance has provided guidelines to miners who may be interested in joining the Binance team. Interested miners would need to visit the Binance pool official website for registration. The tutorial explained that both existing and new account holders could join the mining team.