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Cryptocurrency Ecosystem => Binance Smart Chain + Ecosystem => Binance Coin (BNB) => Topic started by: SRShanuka2020 on May 10, 2020, 03:52:26 PM

Title: Binance’s Mining Pool Could Disrupt the Entire Mining Industry
Post by: SRShanuka2020 on May 10, 2020, 03:52:26 PM

Binance’s Mining Pool Could Disrupt the Entire Mining Industry

(https://i.imgur.com/nAm3acK.jpg)

Binance has launched its own mining pool. This could spell bad news for miners, but probably not for the reason you’re thinking of. We’re all aware that Binance is continuing to extend its reach across the industry. The exchange’s purchase of CoinMarketCap for a reported $400 million signaled a bold step toward grabbing attention at the top of the crypto funnel, and its recent foray into mining just ahead of the 2020 halving shows that Binance is also interested in having influence at the source.

Visit For More info: Here (https://cointelegraph.com/news/binances-mining-pool-could-disrupt-the-entire-mining-industry)

Title: Re: Binance’s Mining Pool Could Disrupt the Entire Mining Industry
Post by: masudginanjar on July 29, 2020, 08:55:46 AM

Mining is indeed needed because Binance also definitely needs Bitcoin to sustain the price of Binance Coin.
One of them is by mining Bitcoin and it certainly also requires a large fee to pioneer it.

Coins, Exchange, Decentralized Exchange, mining, I think this Binance is very complete for everything in the realm of crytpocurrency!

Title: Re: Binance’s Mining Pool Could Disrupt the Entire Mining Industry
Post by: IyemRoker on August 14, 2020, 11:38:13 PM

Why does Binance's mining annoy other miners?
The reason is 1, namely = money!

The money that Binance owns is huge and Binance will be able to buy sophisticated mining machines to quickly find cryptocurrency treasures.
Meanwhile, novice miners who will or have the least tools will feel at a disadvantage.