Binance Pool

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Mining Pools

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Business Description

Binance Pool launched on April 27, 2020, as the crypto-mining arm of the Binance exchange, with a multi-coin proof-of-work pool built directly into Binance's trading and financial-services platform.

Within its first twelve hours, the pool attracted more than 40,300 active workers and 1.59 EH/s of contributed BTC hashrate. A zero-fee promotional period ran through May 31, 2020. Today, Binance Pool supports more than a dozen proof-of-work networks, including Bitcoin, Litecoin, Dogecoin, Ethereum Classic, Kaspa, Zcash, Dash, Nervos (CKB), Conflux, and RavenCoin, with FPPS, PPS+, and PPS payout structures applied by asset. FPPS distributes both block subsidies and the network's average transaction fees, reducing income variance relative to luck-based models. Pool fees range from 0.5% to 2.5% depending on the mined asset; earnings settle instantly.

Bitcoin is the pool's primary workload. As of 2025, 2026, Binance Pool contributes approximately 80, 85 EH/s to the Bitcoin network, roughly 7, 8% of global BTC hashrate and a top-five position worldwide. Foundry USA leads the market at approximately 26.6% of network share, followed by AntPool at roughly 17.96%. Zero-fee settlement is a direct consequence of the exchange affiliation: BTC block rewards route directly into a miner's Binance exchange wallet, giving immediate access to spot trading, futures contracts, and Binance Earn yield products without an additional on-chain transfer.

Cloud-mining contracts give BTC block-reward exposure without ASIC hardware ownership. A cloud-mining presale launched in November 2023 with a 30% discount on management fees through December 28, 2023; a second presale followed in April 2024 under the same terms. In June 2023, Binance Pool introduced the BTC Transaction Accelerator, a paid service that uses the pool's block-template construction role to expedite unconfirmed Bitcoin transactions; Binance ran a 20% fee-discount promotion on the tool from February to March 2024. The "Super Mine" feature, listed on the current mining dashboard, offers supplemental reward boosts within the Binance ecosystem.

The pool reports 99.9% uptime, with real-time hashrate dashboards and asset monitoring handled by the Binance security team. A VIP onboarding channel ([email protected]) serves institutional and high-volume account applications. Beyond Bitcoin, Binance Pool operates standalone services for Ethereum Classic (Etchash algorithm), Kaspa, Dogecoin, and other proof-of-work networks.

With the global Bitcoin network's aggregate hashrate above 1,000 EH/s, Binance Pool's 7, 8% contribution and exchange-native settlement path are its primary differentiators in a market where Foundry USA and AntPool together account for more than 44% of BTC block production.

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