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HomeCrypto NewsExchangesBinance Launches Litecoin (LTC) Mining Pool

Binance Launches Litecoin (LTC) Mining Pool

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Cryptocurrency exchange Binance announced the start of a Litecoin mining pool.


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Binance Pool officially launched the Litecoin (LTC) mining service, which supports Dogecoin merged mining, at 2021-11-09 07:00 AM (UTC). LTC mining pool will adopt the PPS settlement method. Additionally, Litecoin miners will receive Dogecoin (DOGE) income according to the PPLNS mining method. There is no minimum payment threshold for Litecoin or Dogecoin, and the mining proceeds will be directly sent to your Binance mining pool wallet.

From 2021-11-09 07:00 AM to 2021-12-08 07:00 AM (UTC), all users can enjoy a 0% pool fee rate for Litecoin mining by connecting their Litecoin hash rate to Binance Pool.

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Binance has also announced to support the November 14 Taproot update on the Bitcoin network.

 

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Ammara
Ammarahttps://thecryptobasic.com/
Ammara Mubin is a cryptocurrency reporter and trader with vast experience in the industry. Mubin has written several news stories related to the crypto industry, including non-fungible tokens (NFTs), decentralized finance (DeFi), fundraising, mining, etc. Her major focus is covering regulatory events that are capable of shaping the entire crypto ecosystem.

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