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Binance Pool Launches Cloud Mining Service

The mining pool Binance Pool, owned by the largest cryptocurrency exchange Binance, announced the launch of a new, but already available for ordering service – a cloud mining service.

According to Binance Pool, users who do not have access to mining equipment can profit from mining cryptocurrencies. To do this, they need to subscribe to the Cloud Mining service and purchase the required amount of hashrate, after which they will be able to receive the mined bitcoins to their wallet.

At the same time, only users who have passed verification on the exchange can access the cloud mining service on Binance Pool.

Binance representatives report that a 2.5% commission from the mining pool and another 1.5% for management will be introduced for using the service. However, between November 22 and December 22, 2022, the management fee is reset to zero in order to attract new users and provide them with increased profits.

Recall that on November 20 there was another recalculation of the complexity of BTC mining. The indicator increased by 0.51% and reached a new historical record. Given the significantly depreciated bitcoin rate, this puts the entire mining industry at risk.

Source: Bits

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