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Learning & News => News related to Crypto => Topic started by: newshunter on April 28, 2020, 07:00:28 AM

Title: Binance Launches Crypto Mining Pool Amid Centralization Concerns
Post by: newshunter on April 28, 2020, 07:00:28 AM

Binance Launches Crypto Mining Pool Amid Centralization Concerns

After mining its first block in closed-beta last week, Binance has launched its mining pool. However, the crypto community is concerned about centralization

Source: Binance Launches Crypto Mining Pool Amid Centralization Concerns (https://cointelegraph.com/news/binance-launches-crypto-mining-pool-amid-centralization-concerns)

Would appreciate your opinion about this

Title: Re: Binance Launches Crypto Mining Pool Amid Centralization Concerns
Post by: bigcash2011 on April 28, 2020, 11:01:05 PM

So have they also launched or looking to launch cloud mining service like genesis mining where people can buy mining shares and earn their mining share on daily basis? I would say this model is old and i am not sure how profitable mining has been nowadays.