What is Binance pool savings?

Binance launched Binance Pool Savings to provide a value-added service to Binance users who hold idle digital assets . 2. Binance Pool Savings assets are to be used for quantitative trading and other services. In order to guarantee annualized earnings for wealth management products, redemptions may be made daily.

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How do Binance pools make money?

To participate in Pool Savings, Binance Pool miners must utilize the BTC they earn from mining activities . Each user can subscribe up to a maximum of 5 BTC. The AIR for the Pool Savings product is between 4%-30%. Users will start earning interest immediately, on the day they make their initial deposit.15 Eki 2020

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Are mining pools worth it?

Yes, you can. However, joining a pool is a much more profitable way to mine Bitcoin , especially since its difficulty increases with every coin awarded. To be competitive, it’s best to join a pool unless you have the resources to create your own or buy multiple state-of-the-art ASIC miners.

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