🔎 How BRC Mining Works

BRC mining refers to mining tokens or assets that follow the BRC-20 standard, which is a fungible token standard on Bitcoin using Ordinals and inscriptions. It’s similar in spirit to ERC-20 tokens on Ethereum, but implemented on Bitcoin.

🛠 How it Works:

1. Inscriptions on Bitcoin

Instead of smart contracts like on Ethereum, BRC-20 tokens are created and managed using JSON scripts "inscribed" onto Bitcoin satoshis via the Ordinals protocol.

2. Minting Instead of Mining

There’s no traditional mining like Bitcoin POW. Instead, users mint BRC-20 tokens by:

Sending a transaction with an inscription that declares a mint operation.

Paying Bitcoin gas fees.

Receiving the BRC-20 tokens on-chain once the transaction is confirmed.

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3. Token Deployment

Anyone can deploy a BRC-20 token by inscribing a JSON script with deployment data (e.g. max supply, limit per mint, etc.).

4. No Smart Contracts

Everything is handled via off-chain indexing by platforms like Unisat or Ordimint, which scan Bitcoin transactions for valid BRC-20 data.

⛏ How Binance Pool Works

Binance Pool is a crypto mining platform offered by Binance that supports various proof-of-work (PoW) coins like BTC, BCH, LTC, and more. It does not mine BRC-20 tokens directly, but it supports Bitcoin mining, which is the foundation layer for BRC-20 activity.

💡 Key Features:

1. Merged Mining Support

Binance Pool supports merged mining, letting you mine multiple coins (e.g. BTC + Namecoin) at once with the same hash power.

2. FPPS and PPS+ Modes

You can choose payout methods like:

FPPS (Full Pay-per-Share): You get paid a fixed amount for each valid share submitted.

PPS+ (Pay-per-Share +): Combines fixed payouts with additional transaction fee rewards.

3. Staking & Auto-Invest

Binance allows you to directly stake or auto-invest mined BTC into other yield products.

5. Hashrate Marketplace

You can buy/sell hashrate or rent it via Binance Pool, useful for miners who don’t own rigs.#WhiteHouseDigitalAssetReport