{"id":4552,"date":"2022-03-16T15:27:58","date_gmt":"2022-03-16T08:27:58","guid":{"rendered":"https:\/\/test.wikibinance.com\/?p=457"},"modified":"2022-12-17T15:59:46","modified_gmt":"2022-12-17T08:59:46","slug":"binance-pool","status":"publish","type":"post","link":"https:\/\/wikibinance.com\/en\/basic-binance\/binance-pool.html","title":{"rendered":"What is Binance Pool? Platform to increase income of miners"},"content":{"rendered":"<h2>What is Binance pool?<\/h2>\n<p><b><a href=\"http:\/\/ecoinomic.io\/en\/knowledge\/guide\/binance-sign-up-simple-guide.html\" target=\"_blank\" rel=\"noopener\">Binance<\/a> Pool<\/b> <span style=\"font-weight: 400;\">is a mining platform, providing crypto-powered financial service to increase income of miners<\/span>. It<span style=\"font-weight: 400;\">\u00a0is a comprehensive platform for miners to bring more potential to the cryptocurrency mining industry. <\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">What is Binance Pool?<\/span><\/i> It is part of <a href=\"https:\/\/wikibinance.com\/en\/basic-binance\/binance-earn.html\">Binance Earn<\/a>&#8216;s ecosystem which provides multiple solutions to generate passive income from cryptocurrencies for investors.<\/p>\n<figure id=\"attachment_6913\" aria-describedby=\"caption-attachment-6913\" style=\"width: 700px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-6913 size-full\" src=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/03\/Binance-Pool.jpg\" alt=\"Binance Pool\" width=\"700\" height=\"389\" srcset=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/03\/Binance-Pool.jpg 700w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/03\/Binance-Pool-300x167.jpg 300w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><figcaption id=\"caption-attachment-6913\" class=\"wp-caption-text\">Binance Pool is a mining platform, providing crypto-powered financial service to increase income of miners<\/figcaption><\/figure>\n<p><b>Binance Pool <span style=\"font-weight: 400;\">also connects miners to other familiar financial platforms such as <\/span><i><a href=\"http:\/\/ecoinomic.io\/en\/knowledge\/guide\/binance-futures-margin-guide.html\" target=\"_blank\" rel=\"noopener\">Binance Futures<\/a>, <a href=\"https:\/\/wikibinance.com\/en\/knowledge\/spot-trading.html\">Spot <\/a><\/i><span style=\"font-weight: 400;\">and <\/span><i><a href=\"https:\/\/wikibinance.com\/en\/basic-binance\/binance-margin.html\">Margin<\/a>, Binance Lending<\/i> <span style=\"font-weight: 400;\">and<\/span> <i><a href=\"https:\/\/wikibinance.com\/en\/basic-binance\/binance-staking.html\">Binance Staking<\/a>. Binance Smart Pool<\/i> <span style=\"font-weight: 400;\">allows users from individual to institutional investors to join in the <\/span> Mining Pool<span style=\"font-weight: 400;\">.<\/span><\/b><\/p>\n<h2>Mining algorithm on Binance Smart Pool<\/h2>\n<p><b>Binance Pool<\/b><span style=\"font-weight: 400;\"> supports mining algorithms, both<\/span><b><i>\u00a0<a href=\"http:\/\/ecoinomic.io\/en\/knowledge\/terms\/what-is-proof-of-work-and-how-pow-works.html\" target=\"_blank\" rel=\"noopener\">PoW<\/a> (Proof-of-Work)<\/i><\/b><span style=\"font-weight: 400;\"> and <\/span><b><i><a href=\"http:\/\/ecoinomic.io\/en\/knowledge\/terms\/what-is-proof-of-stake-and-how-pos-works.html\" target=\"_blank\" rel=\"noopener\">PoS<\/a> (Proof-of-take).<\/i><\/b><span style=\"font-weight: 400;\"> The platform will first deploy <strong>B<\/strong><\/span><span style=\"font-weight: 400;\"><b>itcoin,<\/b><\/span>\u00a0<b>Bitcoin Cash, Bitcoin SV and Ethereum <\/b>mining services<span style=\"font-weight: 400;\">,<\/span> and<span style=\"font-weight: 400;\"> in the near future it will support more cryptocurrencies and other services.<\/span><\/p>\n<h2>Advantages of Binance Pool<\/h2>\n<ul>\n<li><b style=\"font-weight: 400;\"><i>Low transaction fees<\/i><\/b><span style=\"font-weight: 400;\">: M<\/span><span style=\"font-weight: 400;\">iners will be supported with fees by <\/span><span style=\"font-weight: 400;\">Binance ecosystem. <\/span>It<span style=\"font-weight: 400;\"><strong>\u00a0<\/strong>will offer user lower fee in the future to provide the most attractive service in the cryptocurrency market.<\/span><\/li>\n<li><b><i>Top-notch technology<\/i><\/b><span style=\"font-weight: 400;\">: <\/span><b>Binance Pool<\/b><span style=\"font-weight: 400;\"> is developed and operated by a strong team of seasoned experts. They will always produce and exploit advanced technologies to optimize performance.<\/span><\/li>\n<li><b><i>Competitiveness<\/i><\/b><span style=\"font-weight: 400;\">: The arrival of <\/span><b>Binance Smart Pool<\/b><span style=\"font-weight: 400;\"> will compete on equal par with other mining pools.<\/span><\/li>\n<li><b><i>High security<\/i><\/b><span style=\"font-weight: 400;\">: Applying a decentralized platform in bitcoin mining <\/span><b><\/b><span style=\"font-weight: 400;\"> increases security and safety of the network in the Blockchain platform<\/span><b>.<\/b> <b> <\/b><\/li>\n<li><b><i>Synchronization services<\/i><\/b><span style=\"font-weight: 400;\">: The services and features on <\/span><b>Binance<\/b><span style=\"font-weight: 400;\"> will be linked together.<\/span><\/li>\n<li><b><i>A variety of ways to make a profit<\/i><\/b><span style=\"font-weight: 400;\">: <\/span><b>It<\/b><span style=\"font-weight: 400;\"> not only supports mining services but also <\/span><b>staking. Staking<\/b><span style=\"font-weight: 400;\">\u00a0on <\/span><b>Binance Smart Pool<\/b><span style=\"font-weight: 400;\"> may be more profitable than others.<\/span>\n<div class=\"mceTemp\"><\/div>\n<\/li>\n<\/ul>\n<figure id=\"attachment_6915\" aria-describedby=\"caption-attachment-6915\" style=\"width: 713px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\" wp-image-6915\" src=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/03\/Binance-Pool-1.jpg\" alt=\"Binance Pool supports mining algorithms, both\u00a0PoW (Proof-of-Work) and PoS (Proof-of-take)\" width=\"713\" height=\"401\" srcset=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/03\/Binance-Pool-1.jpg 885w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/03\/Binance-Pool-1-300x169.jpg 300w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/03\/Binance-Pool-1-768x432.jpg 768w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/03\/Binance-Pool-1-750x422.jpg 750w\" sizes=\"(max-width: 713px) 100vw, 713px\" \/><figcaption id=\"caption-attachment-6915\" class=\"wp-caption-text\">Binance Pool supports mining algorithms, both\u00a0PoW (Proof-of-Work) and PoS (Proof-of-take)<\/figcaption><\/figure>\n<h2>How is the profit calculated?<\/h2>\n<ul>\n<li><span style=\"font-weight: 400;\">The Binance mining team <\/span><b><\/b><span style=\"font-weight: 400;\"> uses the <\/span><b><i>FPPS<\/i><\/b><span style=\"font-weight: 400;\"> model that assumes completed blocks so miner don&#8217;t have to count. Theoretically, income and transaction fees are distributed to<\/span><b> miners\/workers <\/b><span style=\"font-weight: 400;\">based on hash rates. The calculation method is as follows:<\/span><\/li>\n<li><b><i>FPPS =<\/i><\/b> Theoretical <span style=\"font-weight: 400;\"> average daily settlement earnings *<\/span><b> (1 + Transaction fee rate) * (1 \u2013 Mining pool fee rate)<\/b><b> <\/b><\/li>\n<li><span style=\"font-weight: 400;\">Theoretical earnings and Transaction Fee Rates can be viewed in <\/span><b>Block Explorer<\/b><span style=\"font-weight: 400;\"> in the average block transaction fee rate for the current settlement period.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">The mining fee on <\/span><b>Binance Smart Pool<\/b><span style=\"font-weight: 400;\"> is <\/span><b>2.5%<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<\/ul>\n<p>If you want to know<a href=\"https:\/\/wikibinance.com\/en\/basic-binance\/binance-sign-up.html\"> how to register Binance<\/a>, click here to go to the Binance registration homepage.<a href=\"http:\/\/accounts.binance.com\/en\/register?ref=FY5L300H\" target=\"_blank\" rel=\"nofollow noopener\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-6917 size-full\" src=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/03\/binance.gif\" alt=\"Binance Pool\" width=\"300\" height=\"99\" \/><\/a><\/p>\n<p>Hopefully the article brings useful information about <strong>Binance Pool<\/strong> and helps you to do it easily and quickly. If<em> you have a question, leave a comment below and <a href=\"https:\/\/wikibinance.com\/\">WikiBinance will help you answer.<\/a><\/em><\/p>\n\n\n<div class=\"kk-star-ratings kksr-auto kksr-align-center kksr-valign-bottom\"\n    data-payload=\"{&quot;align&quot;:&quot;center&quot;,&quot;id&quot;:&quot;4552&quot;,&quot;slug&quot;:&quot;default&quot;,&quot;valign&quot;:&quot;bottom&quot;,&quot;ignore&quot;:&quot;&quot;,&quot;reference&quot;:&quot;auto&quot;,&quot;class&quot;:&quot;&quot;,&quot;count&quot;:&quot;0&quot;,&quot;readonly&quot;:&quot;&quot;,&quot;score&quot;:&quot;0&quot;,&quot;best&quot;:&quot;5&quot;,&quot;gap&quot;:&quot;5&quot;,&quot;greet&quot;:&quot;Rate this post&quot;,&quot;legend&quot;:&quot;0\\\/5 - (0 votes)&quot;,&quot;size&quot;:&quot;24&quot;,&quot;width&quot;:&quot;0&quot;,&quot;_legend&quot;:&quot;{score}\\\/{best} - ({count} {votes})&quot;,&quot;font_factor&quot;:&quot;1.25&quot;}\">\n    \n<div class=\"kksr-stars\">\n    \n<div class=\"kksr-stars-inactive\">\n            <div class=\"kksr-star\" data-star=\"1\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"2\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"3\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"4\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"5\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n    <\/div>\n    \n<div class=\"kksr-stars-active\" style=\"width: 0px;\">\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n    <\/div>\n<\/div>\n    \n\n<div class=\"kksr-legend\" style=\"font-size: 19.2px;\">\n            <span class=\"kksr-muted\">Rate this post<\/span>\n    <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>What is Binance pool? Binance Pool is a mining platform, providing crypto-powered financial service to increase income of miners. It\u00a0is a comprehensive platform for miners to bring more potential to the cryptocurrency mining industry. What is Binance Pool? It is part of Binance Earn&#8216;s ecosystem which provides multiple solutions to generate passive income from cryptocurrencies [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":458,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[390],"tags":[1584,2401],"_links":{"self":[{"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/posts\/4552"}],"collection":[{"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/comments?post=4552"}],"version-history":[{"count":8,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/posts\/4552\/revisions"}],"predecessor-version":[{"id":89441,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/posts\/4552\/revisions\/89441"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/media\/458"}],"wp:attachment":[{"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/media?parent=4552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/categories?post=4552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/tags?post=4552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}