Binance Pool Introduces Merged Mining for LTC with Rewards in LTC, DOGE, and BEL

Ted Hisokawa Sep 30, 2024 02:38

Binance Pool launches Bellscoin (BEL) merged mining, allowing users to mine Litecoin (LTC) and earn rewards in LTC, Dogecoin (DOGE), and BEL.

Binance Pool has officially launched merged mining for Bellscoin (BEL), enabling users to mine Litecoin (LTC) and earn rewards in LTC, Dogecoin (DOGE), and BEL, according to an announcement from Binance.

How to Get Started

To participate in the new merged mining service, users need to follow these steps:

1. Log in to a verified Binance account and register for a Binance Pool account.
2. Start mining LTC from September 29, 2024. A detailed guide is available on Binance's official FAQ.
3. Add an external wallet address to the Binance Pool account.
4. Monitor the current hashrate from the Workers section.
5. Check earnings from the Earnings section.

Important Notes

• BEL is not currently listed or tradable on Binance.com. The launch of BEL mining does not guarantee a future token listing on the platform.
• BEL uses a Pay Per Last N Shares (PPLNS) payout model with a minimum payout of 1 BEL.
• Earnings will depend on the actual output of the mining pool and will not be affected by LTC or DOGE earnings.
• Users must configure a BEL address to receive mining rewards. Without a payout address, no earnings will accumulate to their balance.
• Ensure the payout address can handle transactions of at least 1 BEL to avoid losses.

Terms and Conditions

• Users must have a verified Binance account to be eligible for any rewards.
• Users must provide a valid third-party address in their Binance Pool account to receive BEL rewards.
• Binance reserves the right to disqualify participants who tamper with the program code or interfere with its operations.
• In case of discrepancies, the original English version of the announcement will prevail.

Binance has emphasized that digital asset prices are subject to high market risk and price volatility. Users are solely responsible for their investment decisions and should consult an independent financial advisor if needed. For more information, refer to Binance's official announcement.

Image source: Shutterstock

• binance
• merged mining
• litecoin
• dogecoin
• bellscoin