Support for Bitcoin (BTC) Mining from Binance: Launches Its Long-Awaited Service

The world’s largest cryptocurrency exchange Binance has officially launched its cloud mining service.

Binance has announced that it has officially launched its cloud mining service, which it previously announced will launch, to support the Bitcoin (BTC) and cryptocurrency mining industry.

As of today users without access to mining equipmentthanks to this service will be able to earn mining rewards. In addition, users can buy hash rates and use it on the cloud. bitcoin they will be able to initiate product subscriptions to mine.

According to the blog post shared by Binance, the first period of activity 22 November-22 December will cover the dates. From the returns of special miners on the first monthly participation No transaction fee will be charged.

In future periods, users will be charged as standard transaction fee deductions. 2.5% mining pool fee and 1.5% total management fee 4% deduction to do.

What is Cloud Mining?

The principle of the system, which we call cloud mining, allows you to mine. asic miner It is the process of earning crypto money by taking a share of the fee you deposit through servers equipped with equipment called It is a system that allows investors who cannot afford high-priced mining systems and high electricity bills to participate in Bitcoin mining.

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