Posted 9 months ago | by Ben Armstrong
Binance Partners with BitRiver to Add a Node of Binance Pool
Binance has announced that it will be adding a node to its cryptocurrency mining platform to BitRiver’s cryptocurrency mining datacenter in Bratsk, Russia.
With the company taking further steps into the expansion of its features and infrastructure, it is a great time for its users to enjoy the benefits and take their trading to another level. If you are not a Binance user and want to take advantage of all the platform has to offer, make sure to click here.
The New Node will benefit Both Parties and Users
With the addition of this new node to its pool, BitRiver’s will give its users the option to switch to Binance and perhaps gain a better connection via direct routing to the exchange’s pools. The deal also allows Binance to increase its exposure by expanding its services and access BitRiver’s users who decide to use this new node.
Igor Runets, CEO for BitRiver, said about this new partnership:
“Binance Pool offers a highly competitive fee structure to institutional-scale miners, who are the customers of our data center. By having Binance Pool’s node in our data center, our customers from across the globe can now enjoy a more reliable and higher quality connection from Binance Pool”
The move will allow the network to see a reduction in network latency, downtimes, and rejection rate of blocks, allowing users to enjoy more gains by using BitRiver’s Data Center.
Binance is Expanding its Mining Services
With the launch of the Binance pool back in April of 2020, the exchange opened the door to its users for more opportunities and financial tools when it comes to mining cryptocurrencies.
The integration with its trading ecosystem allows miners to easily access their crypto assets and trade them while taking advantage of all the different options the platform offers.
Binance Pool has so far mined 492 blocks with a Hashrate of 8,015.34 PH/s which means about half a million dollars could have been generated so far since its launch, making it the eighth biggest bitcoin mining pool.
By using a Fully-Pay-Per-Share (FPPS) model and instant settlements, the pool provides steady earnings that go directly into the user’s Binance Mining Pool Wallet.
Articles on Bitboy may contain affiliate links that help us to remain profitable. It might come as a surprise, but all these great articles aren't cheap to produce. If you don't mind helping us out, please click on the links!