Is Binance coin mined?

How Does Binance Coin Work and What Technology Is Behind It? BNB is built on Ethereum blockchain and uses ERC20 tokens which can store and hold value. However, you can’t mine tokens as they have been pre-mined and distributed through ICO . Tokens in circulation are used for discounted trading on Binance Exchange.

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Does cloud mining pay off?

Is cloud mining profitable? Yes, it can be. There are upfront costs – you’ll have to pay to rent these miners, and mining pools can also take a cut of your profits . It can be worthwhile, but some analysts think you might be better off just buying bitcoin instead.

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