- Binance Pool introduces mining services for Fractal Bitcoin
- FB coin surged by over 51% in 24 hours.
Binance has initiated a new function on its Binance Pool, which allows users to mine Fractal Bitcoin (FB) alongside Bitcoin (BTC) through merged mining. This feature came into effect on November 18, offering additional revenue for users mining BTC on the platform.
However, Binance has clarified that the FB token is not added to the exchange listings and this mining service does not guarantee a listing at this time. With the introduced feature, Binance users can take part in merged mining, where miners can mine both Bitcoin and Fractal Bitcoin concurrently.
Notably, the FB coins earned as rewards will be credited to an external wallet address provided by the user. This mining mechanism lets users gain additional tokens while mining Bitcoin. This increases their earnings without requiring separate mining efforts for FB.
Participation Requirements
The users need the appropriate mining equipment and are advised to meet some specific requirements like a mining machine with adequate specification, a stable internet connection, a Binance account with identity verification, and a wallet capable of managing at least 0.1 Fractal Bitcoin for transaction purposes. After these requirements are met, the users can set up their mining pool account on Binance.
Besides, the users have been directed to add Fractal Bitcoin to their external wallet on Binance Pool and to monitor their hash rate and earnings. Binance Pool uses a Pay-Per-Last-N-Shares (PPLNS) model for payouts. If earnings fall below 0.1 FB, it will remain in the user’s balance.
Fractal Bitcoin’s Surge
The announcement of merged mining has fueled the asset’s value. The price of Fractal Bitcoin (FB) has gained over 51.40%, and trading at $6.24. This price hike suggests the asset’s demand and interest.
The market cap of FB stays at 438.98 million, and the assets’s trading volume has remarkably jumped by 1481% to $73.53 million. FB opened the day trading at $4.11 and eventually, it ascended to a high of $9.90. The asset has visited its all-time low at $3.83 today.
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