How does pool work on Binance?

With Pool Savings, you’ll start earning interest right away the day you make your deposit . Interest is calculated by the day, from 00:00 on the current day to 00:00 the next day (UTC). You will not earn interest for the day you redeem your assets, as redemptions are issued the following day.

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What is pool savings in Binance?

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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What is Binance mining pool?

Our all-in-one mining platform allows miners to use the same account for mining, Binance financial products and services, trading, and wallet . Revenue and funds management via Binance App. All miners can check and sell, store, or trade their mining funds via the Binance App.

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Is mining pool profitable?

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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