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 theย 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.

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

 

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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