Posted 2 years ago | by Ben Armstrong

Binance Pool Launches Profit Maximization Service

After launching its own cryptocurrency mining pool, the world’s largest crypto exchange Binance is adding specialized features to it to help miners automatically mine the most profitable coins.

Binance Pool, a cryptocurrency mining platform empowering miners and the global crypto mining industry, announced a new feature, called “Smart Pool.”

The new feature supports the SHA- 256 algorithm that allows all miners to automatically switch hash rates to mine the most profitable of three coins, including Bitcoin (BTC), Bitcoin Cash (BCH), or Bitcoin SV (BSV).

According to the head of Binance Pool, Lisa He, the new feature Smart Pool, “Helps users transfer their computing power to chains with less difficulty and higher rewards.”

If you are interested in signing up for an account with Binance, please click right here. The company has loads of great crypto products, including one of the most popular exchanges on the planet as measured by market volume.

New Tools from Binance

If miners are mining different cryptocurrencies, Binance pays out the final settlement to miners in BTC. The head of Binance Pool said that the new feature can increase earnings for those who use it by 1% on average.

Since launching the new service of the mining pool, Binance Pool users and miners have gained a 50 percent increase in average returns. There are more than 6,000 users delivering over 6.52 EH/s in hash rate from its launch last April.

Smart Pool Features

To secure maximum returns for miners, the Smart Pool uses real-time hedging to ensure that revenues generated by the service will not be lower than general income through a standard option, called FPPS (Full Pay Per Share).

In case the final revenue is lower than what would have been earned via FPPS, the exchange will pay back the difference to users.

Existing Binance Pool users can activate the Smart Pool service with a single click available on the regular interface of the mining pool without changing user ID or their mining stratum URL.

Mining Pool Competition

In spite of concerns about potential centralization effects following the launch of Binance’s pool, it currently does seem to control a significant share of the Bitcoin network. The BTC network is spread out over many nations, and it is unlikely that Binance can 'corner the mining market.'

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About Ben Armstrong

ef4f73e9ddeb61becab57469962fa946?s=90&d=blank&r=g Binance Pool Launches Profit Maximization ServiceBen Armstrong is a YouTuber, podcaster, crypto enthusiast, & creator of Better known as BitBoy Crypto, he works hard to educate and inform the crypto community.

Ben has been involved with the world of cryptocurrency since 2012 when he first invested in Bitcoin. He used Charlie Shrem's BitInstant & lost Bitcoin in the Mt. Gox hack.

In 2018, Ben decided to go "full-time crypto" and focus all of his time and energy into expanding the reach of crypto.

If you have any questions or comments please feel free to email him at or contact him on Twitter @BitBoy_Crypto.