This is the appearance of Binance’s Bitcoin Mining Pool

Changpeng Zhao, CEO of Binance has just announced the appearance of the inaugural block at the Bitcoin Mining Pool it manages. The news confirmed the information at the beginning of this month .

“This is the first Bitcoin block that has been mined in the Binance Mining Pool. Still in closed beta. Soon the full version will launch. The lowest pool cost compared to other mining pools , “he said via Twitter a few hours ago, still reluctant to tell the pool fee .CZ Binance @cz_binance · 

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CZ Binance @cz_binance

The first block ever mined by the @Binance Mining Pool. Still in closed-beta. Going live soon.

As always, LOWEST FEES of any mining pool.

If you wish to join, email: poolvip@binance.com

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Currently, the cost ( fee ) to mine Bitcoin via mining pool is about 0-4 percent. The amount varies according to mining fees and payment schedules.

At present, the mining pool distribution is still led by F2Pool, BTC.com, Poolin and AntPool. Other crypto asset exchanges that manage mining pools are Okex and Huobi.

24h breakdown of hash rate by pool

Bitcoin mining pool is a way to mine Bitcoin in one managing entity. Mining resources are integrated into it, sharing hashing power with each other. Bitcoin rewards are based on the amount of hash power they have 

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