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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How does pooled mining work?

Functions of a Mining Pool The functions involve managing the pool members’ hashes, looking for rewards through pooled efforts of available processing power, recording work performed by each pool member, and assigning reward shares to each pool member in proportion to the work performed after suitable verification.

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Can you use Binance pool in the US?

Mining Pool Address and Fees Binance Pool has already deployed mining pool nodes in America, Europe, Southern China, Northern China, and other locations , and continues to expand. When users connect to the pool, they are automatically allocated to the nearest node using the load balancing method to carry out mining.4 Ağu 2020

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