Cryptocurrency mining is a way to earn money by providing your computing power to confirm transactions on the blockchain and receiving rewards for it. One of the convenient and popular options for mining is Binance Pool, a service from the largest cryptocurrency exchange Binance.
In this article, we will explore what Binance Pool is and how to start mining through this platform.
What is Binance Pool?
Binance Pool is a mining pool from the Binance exchange. The pool combines the power of many miners to mine cryptocurrency more efficiently. Rewards for found blocks are distributed among pool participants proportionally to their contribution.
You can mine the following cryptocurrencies on Binance Pool:
Bitcoin (BTC) — via SHA256 algorithm
Litecoin (LTC) and Dogecoin (DOGE) — via Scrypt
Ethereum Classic (ETC) — via Etchash
How to start mining on Binance
Step 1: Registration on Binance
Go to the official site binance.com and create an account. After that, complete basic identity verification.
Step 2: Prepare the equipment
For mining you will need:
ASIC miner (e.g., Antminer S19, Whatsminer M30S) — for Bitcoin
or graphics cards (GPU) — for some other coins, such as ETC
A stable internet connection, power source, and cooling system are also required.
Step 3: Install and configure the mining software
You can use the following programs:
CGMiner
BFGMiner
NiceHash
or firmware on ASIC device
In the settings, you need to specify the Binance pool address:
URL (for BTC): stratum+tcp://pool.binance.com:3333 Worker: your_binance_login.device_name Password: x
Example:
Worker: ivan_petrov.rig01
Step 4: Track the results
After starting the equipment and connecting to the pool, you will be able to track the mining status through:
Binance Pool web interface
The "Earn" section > "Pool" in the personal account
Here you will see:
Speed (hashrate)
Profitability
Device status
Advantages of mining on Binance Pool
Low fee — from 2%
Reliability — Binance has a high reputation
Automatic reward transfer — to your Binance spot wallet
Integration with other Binance services — trading, staking, investments
Conclusion
Mining through Binance is a simple and safe way to start earning cryptocurrency. All you need is equipment, an account, and the right settings. With the convenient interface of Binance Pool, even a beginner user will find it easy to track their profits.
