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Ethereum Binance Pool Changes Miner Reward Payment Method From FPPS To PPS +

Binance, after launching its Ethereum pool in November 2020, has already accumulated 4.9Th/s of capacity and 36,700 workers. Which allowed us to take the 12th place in terms of power among the largest Ethereum mining pools. Such a quick start was possible not only due to the well-known name, but also due to the lowest commission of 0.5% (1-2% for other large pools), due to daily payments regardless of the amount of extracted ether, and many other convenient functions for working with cryptocurrency, available to all users of Binance services.

From March 5, 2021, the Ethereum Binance pool is changing its reward system from FPPS to PPS +. What are the advantages and disadvantages of such a change, read on.

 

Metamask is a wallet for Ethereum cryptocurrency and tokens. Installation and use

Ethereum cryptocurrency has become popular due to its smart contracts, on the basis of which all DeFi, DEX, ICO and IEO projects operate. And each project, as a rule, has its own token that needs to be stored somewhere. Such a universal means for storing the Ethereum cryptocurrency itself and all the tokens issued in its network is the Metamask cryptocurrency wallet, which in turn is the standard in the cryptocurrency industry.

Gasnow.org - real-time ethereum gas price and convenient service for monitoring the average gas price

It's no secret that the cryptocurrency Ethereum is now at its peak of popularity and, unfortunately, cannot cope with the influx of everyone who wants to use the transfer of Ethereum, USDT and other various DEFI projects. Because of this, commissions or gas in the Ethereum network can acquire not at all modest values, for example, a commission for transferring ETH of 20-30 USD is not at all uncommon, and when using DEFI, the payment for gas is even higher, which is why for one transaction exchange commission can be 100USD or more. Moreover, an increase in the cost of gas several times can be short-term, so you need to monitor the general state of the Ethereum network and the average value of the gas price, so as not to overpay several tens of dollars for the commission. And the Gasnow.org service can clearly help you with this.

Cloud mining - Pros and Cons

If you are going to assemble your own mining farm and are faced with a severe shortage of video cards in computer stores in your city, which puts an end to your venture, then alternatively, you can consider buying contracts in cloud mining services. In this review, we will look at all the pros and cons of buying such contracts, and as an example, we will take the most trusted cloud service IQMining.

Comparison of Bitcoin cloud mining services 2021

With the unprecedented rise in the value of cryptocurrencies, the profitability of mining Bitcoin, Ethereum and other cryptocurrencies has also grown. The income from mining has grown to such an extent that even the video cards and ASICs that have risen in price by two or more times still pay off in 4-6 months. Naturally, buying mining equipment now is very problematic, if at all possible, since all new deliveries of ASICs and video cards are bought up even before they appear in stores. The only possible option to participate in the mining of Bitcoin and other cryptocurrencies is to buy cloud mining contracts that are still on sale. What is cloud mining and all its pros and cons, we have already discussed in 2017, which you can find in this article: Cloud mining - Pros and Cons. Now we will consider the cloud mining contracts available at the beginning of 2021 and compare them in terms of payback.

Nominex.io - cryptocurrency exchange without KYC

The Nominexcryptocurrency exchange started operating in September 2019. The platform focuses on attracting beginners and professionals with numerous bonuses. Free training is provided for beginners. They have the opportunity to participate in free tournaments. Beginners compete on demo accounts for a real prize of up to 1000 USDT.

An advanced order system and very low commissions have been created for professional traders. Also, a unique referral program with an unlimited number of levels has been added.

The exchange operation is legalized. It is registered in Seychelles as Nominex Limited Company. It is licensed by the Estonian Financial Intelligence Unit (FIU).

According to CoinMarketCap, the trading volume is more than $36.4 million as of 21.01.21. 35 cryptocurrencies are traded here. BTC, ETH, XRP, LTC, and more than 40 trading pairs are among them.

8 languages are available on Nominex: English, Russian, Turkish, Spanish, Japanese, Korean, Portuguese, and Indonesian.

RaveOS is fundamentally changing the terms of service for its customers. Comparison with HiveOS

On the market of operating systems for mining, RaveOS reliably ranks second in popularity right after HiveOS, which exactly a year ago, in January 2020, reduced the number of available free mining rigs from 3 to 1, provided that the Ethereum cryptocurrency was mined, but at the same time made it possible to choose. Instead of paying for 2 or more mining rigs, the HiveOS user could switch to the HiveOn mining pool, while the fee for using the HiveOS itself was not taken, the number of connected mining rigs does not matter. A year later, from February 1, 2021, RaveOS followed the same path, radically revising its terms of service for miners.

Buy bitcoin reliably and securely with a bank card visa, mastercard

Cryptocurrency, blockchain, hash rate, blocks, transactions, hashes, mining, crypto wallets, crypto exchanges, P2P exchange - these are all little-known terms that an ordinary person who has just learned about Bitcoin and cryptocurrencies is absolutely not familiar with. Because of which, he either immediately refuses to buy Bitcoin, Ethereum or other cryptocurrencies, or spend indecently much time on learning a new and difficult direction for himself and, as a result, loses interest in cryptocurrencies and did not dare to become a cryptoinvestor, about which everyone who is now good understands the topic of cryptocurrencies, regret over time that they did not pay enough attention to this topic at one time, when bitcoin and other cryptocurrencies were several times cheaper. We have prepared this material specifically for those people who want to buy Bitcoin, Ether, Litecoin, Ripple, Binance Coin and other cryptoassets without thoroughly understanding all the nuances of working with cryptocurrencies, but at the same time want to do it as simply and safely as possible.

Airdrop of 3 1inch tokens (approximately $ 5) from CoinMarketCap and Binance + bonus 4 more airdrops.

We would like to share with you the opportunity to participate in the Airdrop of the 1inch token from the well-known analytical service CoinMarketCap and one of the largest exchanges Binance, and thus get about $ 5 for free. This procedure will not take you a lot of time, and the extra money, as they say, "does not pull your pocket." In addition, at the end of the material, as a bonus, we will tell you how to participate in 4 more Airdrop campaigns from this "couple" that are still relevant.

CER.Live - rating of cryptocurrency exchanges for security

Another heightened interest in cryptocurrencies in 2021 woke up not only among traders and miners, but also hackers, who every day come up with and implement new attack schemes on your cryptocurrency savings. If only you are responsible for storing cryptocurrency on your own computer or smartphone, then when using an exchange to sell or exchange cryptocurrency, you trust your Bitcoins, Ethers to the other party, and how they relate to the security of storing your funds is also not an unimportant factor when choosing one or another exchange... Because It is rather difficult, if not impossible, to assess the security of a cryptocurrency exchange for yourself, then a specialized service CER.live comes to the rescue, which evaluates the security of 300 well-known cryptocurrency exchanges using its own method.

The most profitable referral ID (code) for registration on the Binance exchange for spot and futures trading

The most famous and largest cryptocurrency exchange Binance.com, when registering new users, offers to indicate a referral ID, which is optional. But if you enter the correct referral code during registration, you will be able to receive a maximum 20% discount on trading commissions in the future. Referral codes for Binance are different, some do not give any advantages, others can give a 5% or 10% discount, but the maximum discount of 20% is very rarely given, because for this, the inviting party needs to have at least 500BNB on its balance. If you were looking for just such the most profitable code for registering on the Binance exchange, then below you will find our referral codes with the maximum discounts for spot and futures trading on the Binance exchange.

Hive OS update drivers for AMD and Nvidia graphics cards

The operating system Hive OS, popular among miners, is built on the basis of Linux, therefore, it includes drivers for this operating system, which must be updated from time to time. For mining on video cards, updating the drivers may be relevant, because newer versions of miners may not support old versions of drivers, stability of work or even hashrate in mining increases. Owners of new graphics cards will definitely need a driver update, for example, Nvidia RTX 3000 series graphics cards and AMD RX 6000 series graphics cards, which were released recently. Moreover, updating the HiveOS itself via the Web interface does not mean that the drivers for video cards will also be updated.

 

 

Mining Ethereum on Binance Pool. Pool setup, RaveOS and HiveOS.

After the launch of the Binance Pool for Ethereum mining, only 2 weeks have passed, and the number of workers connected to this pool has already been more than 2000, the total pool hash rate was 345GH/s. Low mining commission 0.5% (0% until December 12, 2020), as well as many convenient services (spot and futures exchange, P2P exchange, withdrawal to Visa and MC cards, earnings on deposits) available in one place, makes Binance Pool is one of the most attractive offers on the market. For example, the previously launched Binance pool for Bitcoin mining has 10% (14EH/s) of the entire BTC network (140EH/s) or 256,200 workers. Ethereum Binance Pool will not be ignored by miners either, and soon it may become one of the largest pools for Ethereum. If you also decide to join the Binance Pool, then below we will tell you how to do this, how to set up the Binance pool and Windows, RaveOS and HiveOS operating systems for Ethereum mining.

 

Ethereum Binance pool - in earnest and for a long time

Binance continues to evolve across all cryptocurrencies. If at the start it was an ordinary crypto exchange, now it is a complex of services related to the crypto industry and one of them is a mining pool from Binance. Earlier, a mining pool for cryptocurrencies was launched on the SHA-256 mining algorithm (Bitcoin, Bitcoin Cash, Bitcoin SV). Yesterday, November 12, 2020, Binance launched a mining pool for the second most popular cryptocurrency, Ethereum. During the month until December 12, 2020, the pool will not be charged a mining commission, and after that the commission will be only 0.5%, which is half as much as for other popular Ethereum pools. In addition, two more services are offered that are in demand among miners: instant withdrawal and exchange of cryptocurrency without the need to transfer ETH to another wallet (quickly and without commissions), the second service is Pool Savings - it allows you to store the mined cryptocurrency with a yield of 30%. If you are interested in this offer, then you need to register in the Binance system, after which all functions will be available to you, including the Ethereum Binance Pool.

The best mining pools for Ethereum. Selection by parameters

Ethereum cryptocurrency is the most popular among miners, because for a long period of time remains one of the most profitable cryptocurrencies for mining on video cards. Actually, over the past 5 years, all miners began their journey precisely with an acquaintance with the Ethereum cryptocurrency. And one of the problems that a novice Ethereum miner faced was the choice of a mining pool. In this article, we will compare the top 10 ETH co-mining pools and help you choose your best option.

Ethereum block reward and mining profitability on charts

The profitability of mining cryptocurrencies, including Ethereum, depends on several parameters: the price of the cryptocurrency, the complexity of the network (the number of miners), and rewards for each block found. And each of these parameters, as shown by the recent DeFi story on the ETH network, is important. If earlier, before the hype around DeFi, few people took into account the size of the reward in each block, because the reward is fixed plus a small percentage of transfer fees and this practice did not affect the income from mining. That autumn of 2020 changed everything - the blocks in the Ethereum network, due to the increase in the cost of commissions in the network, increased from the standard 2, .2-2.4ETH to 10 ETH and in some moments the block size reached 504ETH (block #10864496). Naturally, the profitability of mining with such abnormally large blocks increased by 4-5 times, which could not but rejoice all miners mining Ether. Now, the block size is another important parameter that miners monitor in addition to the price of the cryptocurrency and the complexity of the network (network hash rate). Next, we will tell you where in one place you can clearly see on the graphs the block size, network complexity, price and income from mining, depending on the power of your equipment and the price of electricity.

PayPal has stirred up the crypto market

The world famous PayPal payment system with over 346 million users has added the ability to buy Bitcoin, Bitcoin Cash, Ethereum and Litecoin for US residents. At the beginning of 2021, such an opportunity will appear for other countries. Those. in the short term, all 346 million PayPal users will be able to purchase cryptocurrency as easily as possible using the service they trust. On these news on the crypto market, you can see the revival of trade and the rise in the value of all major crypto assets. Over the past 3 days, Bitcoin has increased in price from 11.500 USD to 12.900 USD (+ 12%), at its peak the price reached 13.200 USD. PayPal to work with cryptocurrencies will cooperate with the Paxos cryptoexchange, for which it has already received a license to work with BitLicense. The recognition of Bitcoin and other cryptocurrencies by such a large company as PayPal is certainly a very positive moment for the entire cryptoindustry, but there are several unpleasant moments in this whole story.

Choosing a cryptocurrency exchange for trading bitcoin futures

Trading in futures for bitcoin and other cryptocurrencies or tokens is rapidly gaining popularity all over the world and the growth in the turnover of trading in various cryptocurrency derivatives is growing by 200% - 300% almost every month. This is primarily due to the entry into this market of classic cryptocurrency exchanges, which previously offered only spot trading (trading the asset itself, and not its derivatives), which is why the cryptocurrency derivatives market (including futures) became available not only to professional traders, using platforms CME, CBOE, BAKKT, but also simple cryptocurrency enthusiasts, miners and investors with a minimum entry threshold. Against the background of user interest in cryptocurrency derivatives, almost all cryptocurrency exchanges began to implement the necessary functionality for trading bitcoin futures and other derivatives, which again can significantly complicate the choice of a trading platform for beginners and experienced traders. Next, we will look at 14 different cryptocurrency exchanges with support for derivatives, compare them in terms of trading volume, types of futures, the number of pairs traded, margin and commissions. This will allow you to choose a trading platform much faster to suit your requirements.

YoBit.net virtual mining. What is the performance? Feedback and Review

You may have a different attitude towards cryptocurrencies, but you can definitely say it for sure: today it is impossible to deny that this investment method can increase your capital several times over. There are many ways to make money from cryptocurrencies: trade, invest in crypto projects, mining. And if the first two tools have a lot of risks, then mining is considered the most reasonable way to increase the money invested and feel calm, since most investments of this type pay off in about six months, and more often even less.
Virtual mining is a way of making money, which does not mean creating your own farm to mine cryptocurrencies, but rather renting computing power from data centers. This makes it possible to mine cryptocurrencies for people who do not have the opportunity to acquire their own farm or technical knowledge to assemble the equipment and configure the software themselves.
The purpose of this article is to show you, using the example of a cloud mining system from the largest crypto exchange in the CIS, the YoBit platform, what the best service for investing in cryptocurrencies, Vmining, should look like.

Digital Altruism: How to Donate Cryptocurrencies to Charity

If there was ever a time where the world was in need of a little help- it’s now. The future of donating belongs to crypto.
In the face of the current pandemic, massive forest fires consuming the globe, ever increasing poverty and illness, and oppression running rampant throughout our societies, charities have more than their work cut out for them. With widespread globalization, it’s now both easier, and more complicated, than ever to get needed funding to the places that require it the most.