Binance Mining Pool Ranked 8 Globally After Month of Kickstarting Work

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Fri, 06/05/2020 - 13:41
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Yuri Molchan
The CEO of Binance took to Twitter to announce the first public success of the mining pool of his company that was launched in late April
Binance Mining Pool Ranked 8 Globally After Month of Kickstarting Work
Cover image via stock.adobe.com

On April 27, the head of Binance, CZ, tweeted that the Binance mining pool has started operating. Now, in his latest tweet, CZ has shared the news that as per data from BTC.com, the Binance Mining Pool is ranked 8 among the top crypto mining platforms around the world. 

Bitmain's BTC.com is in the third position on the list. With F2Pool being the first.

CZ Binance
Image via Twitter

The world’s biggest crypto exchange has made its way into mining and after just one month, is already offering Proof-of-Stake and Proof-of-Work mining packages with multiple digital coins. But the pool started with the king crypto Bitcoin.

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Until June 1, all new customers received zero commission on the services offered by the company.

Income from the pool’s work can be traded directly on Binance and its P2P platforms, as per data shared by the company’s official blog.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.