Binance launches its mining pool Binance Pool.
The crypto exchange introduced the latest addition to its product suite. In a notice today, the company said that the mining pool is focused on "empowering miners," in addition to the wider crypto mining sector. As part of its launch, the pool will operate with zero fees until May 31, at which point they will be set at 2.5 percent. Binance Pool is reportedly launching with a Bitcoin mining service using a Full Pay Per Share (FPPS) payment method. Support for additional crypto assets and customized services will follow. With the addition of the pool, ahead of the Bitcoin block reward halving event, Binance has said that the pool makes the Bitcoin hash power more decentralized. Binance Pool supports both Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus mechanisms for mining.