Binance launches Dogecoin and Litecoin mining pool
- Created: Wednesday, 10 November 2021 04:51
The world's largest cryptocurrency exchange Binance continues to develop its cryptoservices. And this time a major update came for Binance Pool. In addition to Bitcoin and Ethereum mining, DogeCoin and LiteCoin cryptocurrencies became available. Both cryptocurrencies are based on the Scrypt mining algorithm, i.e. mining is only available on the Asics, for example Bitmain Antminer L7. In addition, simultaneous mining of two cryptocurrencies DOGE and LTC is available. At the moment, Binance Pool does not charge a fee for mining on the Scrypt algorithm. PPS system is used as a method to calculate the remuneration for miners.