{"id":52587,"date":"2021-11-09T15:28:40","date_gmt":"2021-11-09T13:28:40","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=52587"},"modified":"2025-09-03T10:58:37","modified_gmt":"2025-09-03T07:58:37","slug":"binance-launches-mining-pool-for-litecoin-and-dogecoin","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/binance-launches-mining-pool-for-litecoin-and-dogecoin\/","title":{"rendered":"Binance launches mining pool for Litecoin and Dogecoin"},"content":{"rendered":"<p>The cryptocurrency exchange Binance has announced the launch of a mining pool aimed at mining Litecoin and Dogecoin.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&#038;ref_src=twsrc%5Etfw\">#Binance<\/a> Pool launches <a href=\"https:\/\/twitter.com\/litecoin?ref_src=twsrc%5Etfw\">@Litecoin<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24LTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$LTC<\/a> mining pool. There are zero Pool fees for the first month!<\/p>\n<p>\u27a1\ufe0f <a href=\"https:\/\/t.co\/oJYyZtMbQD\">https:\/\/t.co\/oJYyZtMbQD<\/a> <a href=\"https:\/\/t.co\/oSIJ1f3QBU\">pic.twitter.com\/oSIJ1f3QBU<\/a><\/p>\n<p>\u2014 Binance (@binance) <a href=\"https:\/\/twitter.com\/binance\/status\/1457995795467284480?ref_src=twsrc%5Etfw\">November 9, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The pool uses a PPS (Pay Per Share) model for Litecoin. Under this arrangement, participants earn a fixed amount for each submitted &#8216;share&#8217;. A &#8216;share&#8217; is the hash used to track the work of each miner.<\/p>\n<p>For Dogecoin, a Pay Per Last N Shares (PPLNS) method will apply. Rewards are paid when the pool successfully finds a block; their size, after the operator&#8217;s fee, is allocated according to each miner&#8217;s portion of the pool&#8217;s total shares.<\/p>\n<p>The service will not charge fees until 10:00 MSK on December 8.<\/p>\n<p>According to BTC.com, at the time of writing Binance Pool was not among the top-10 Litecoin pools by hash rate. By hash power in the Bitcoin network, the entity ranks sixth, at 12.2 EH\/s.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"562\" height=\"404\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-584.png\" alt=\"Binance launches mining pool for Litecoin and Dogecoin\" class=\"wp-image-155568\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/1-584.png 562w, https:\/\/forklog.com\/wp-content\/uploads\/1-584-300x216.png 300w\" sizes=\"auto, (max-width: 562px) 100vw, 562px\" \/><figcaption>Data: <a href=\"https:\/\/btc.com\/\">BTC.com<\/a><\/figcaption><\/figure>\n<\/div>\n<p>Binance Pool <a href=\"https:\/\/forklog.com\/en\/news\/ten-largest-mining-pools-back-taproot-upgrade-on-bitcoin-network\">supported<\/a> the upcoming Taproot upgrade scheduled for November 14 in the Bitcoin network.<\/p>\n<p>Subscribe to the ForkLog channel on YouTube!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency exchange Binance announced the launch of a mining pool aimed at mining Litecoin and Dogecoin.<\/p>\n","protected":false},"author":1,"featured_media":52588,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,1137,99,209],"class_list":["post-52587","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-cryptocurrency-mining","tag-dogecoin","tag-litecoin"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/52587","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=52587"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/52587\/revisions"}],"predecessor-version":[{"id":52589,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/52587\/revisions\/52589"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/52588"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=52587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=52587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=52587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}