- Binance Pool users can earn BEL, DOGE, and LTC.
- Bellscoin is not listed on Binance, and rewards do not ensure a listing.
Binance Pool has officially started merged mining for Litecoin (LTC), allowing users to get rewards in Bellscoin (BEL), Dogecoin (DOGE), and Litecoin. This new approach allows miners to contribute computational capacity to numerous blockchain networks at the same time. Dramatically increasing their potential payouts and benefits.
In a recent announcement, Binance stated that, while users can earn BEL through this mining activity, the asset is not officially available on the trading site. It further highlighted that earning incentives in BEL do not guarantee a future listing on Binance.
Enhanced Rewards through Merged Mining
With the launch of merged mining, Litecoin miners can now earn rewards in the popular meme coin DOGE as well as Bellscoin, established by Dogecoin’s founder, Billy Markus. Interestingly, BEL was created just a week before Dogecoin, giving it a project with historical relevance in the cryptocurrency field.
The statement also gives consumers detailed instructions on how to participate in Litecoin mining, which began live on September 29. However, users should be aware that the mining pool will determine their earnings based on real payments. And it varies depending on network conditions and user involvement.
Despite the enthusiasm surrounding the new incentives, the market responded with minor falls in Litecoin and Dogecoin Today, with both assets losing approximately 2% of their value during the trading.
To qualify for rewards, users must have a verified Binance account and enter a valid third-party address into their Binance Pool account. Binance has the right to disqualify any participants who tamper with the program code or disrupt its functioning. In the event of an error between the translated versions and the original English version, the original will prevail.
Binance Pool’s new merged mining endeavor offers a big step forward in providing diverse mining payouts, While also encouraging the growth and adoption of numerous cryptocurrencies via a unified mining process.
As Binance continues to innovate in the cryptocurrency field, users should explore the benefits of merged mining, which opens up new opportunities to earn rewards in various digital assets.With the cryptocurrency market constantly growing, this move has the potential to increase user engagement and earnings across the Binance ecosystem.
